Little River 239

Dunklin County, MO

A

AcreTrader Rating (1)

Description

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.

Investment Highlights

  • 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.

Risk Factors and Disclosures

Please see additional risk factors here  and in the Issuer Document Package for a discussion of additional risks. The above presentation is based upon information supplied by the seller and others, and some images shown may be used for representative purposes and may not have been taken on location at the subject property. While AcreTrader performs extensive due diligence on the offerings on our Site, certain of the information presented in each offering may have been provided by third party sources. Therefore, AcreTrader and its respective affiliates, officers, directors or representatives (the "AT Parties") hereby advise you that while all such third party information contained herein has been provided by to us from sources deemed reliable, we cannot guarantee its accuracy. The AT Parties further make no representations as to the accuracy or completeness of any such information and undertake no obligation now or in the future to update or correct this presentation or any information contained herein.

Please see Additional Disclosures regarding our offerings and use of our Site here.