Dooly County, GA
A

AcreTrader Rating (1)

Lonesome Pine Farm

Dooly County, GA
A

AcreTrader Rating (1)

Lonesome Pine Farm

Description

The Lonesome Pine Farm is a 137 acre cotton and peanut farm located in Dooly County, GA which is the largest cotton producing county in the state. The farm sits approximately 45 miles south of Macon and 50 miles northeast of Albany.

The Lonesome Pine Farm consists of 130 tillable acres, 113 of which are irrigated by three center pivot systems, fed by two wells pulling from the Claiborne aquifer. The main soil types are Dothan and Tifton loamy sands. Tifton loam is the official soil series of Georgia and is the most extensively mapped cultivation soil in the state. These soils are porous and deep, allowing for excellent drainage to support both cotton and peanuts.

The farm will be structured as a sale-leaseback with the current owner who has agreed to a 5-year lease.

Investment Highlights

  • 5-10 year target hold period given stable cash flows and potential for 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.

  • Cash distributions expected to occur annually, beginning in December 2021. Frequency of distributions may increase during future periods.

Additional Details

  • The farm is presently enrolled in a Conservation Use Valuation Assessment (CUVA) program. We are raising additional funds to cover any penalties assessed by the county in the event the Company does not qualify for CUVA status.

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.

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