Little River 239
Dunklin County, MO
The Little River 239 is a cotton and corn farm consisting of 239 acres, nearly all of which are tillable. Located in the Southeastern Missouri Bootheel, the farm is 5 miles south of Kennett, MO and 70 miles north of Memphis, TN. Consisting of a majority Gideon Loam and Sharkey Silty Clay Loams, these soils allow for cultivation of multiple crop types. Water retention of the lighter clay and loam soils keeps moisture present, allowing for nutrient absorption by the roots while preventing root decay from excess water.
Situated just 20 miles west of the Mississippi River, the Little River 239 is irrigated by a pivot irrigation system. The groundwater is drawn from the Mississippi Alluvial Aquifer and recharged by the Mississippi River. The consistent and sustainable aquifer replenishment provides a high quality and stable water profile.
The seller is a multigeneration cotton farmer and ginner who has owned the farm with his family for the past 20 years.
The tenant has agreed to a 3 year lease through the 2023 crop season.
5-10 year target hold period given stable cash flows and potential for material long-term appreciation.
Invest in a hard asset with little or no correlation to other major asset classes
The property will be managed by Acretrader Management, LLC, an affiliate of AcreTrader, Inc.
Standard AcreTrader management fee of 0.75% applies annually.
Anticipated cash distributions occur on December 15 annually, beginning December 2021.