Missouri Bootheel Potato Farm

New Madrid County, MO

A

AcreTrader Rating (1)

Description

The Bootheel Potato Farm, located in New Madrid County in southeast Missouri, is a 333 acre farm irrigated by two center pivots. This area is known for its excellent groundwater, recharged by the Mississippi River, as well as its sandy-loam soils which allow for a wide diversity of crop production. The farm lies roughly 125 miles north of Memphis, TN in the Mississippi River Delta, and one mile east of Interstate 55.

This farm will be placed into a crop rotation of peanuts and potatoes (which require a specific soil profile for healthy production), providing a rent premium during the potato rotation years. The potatoes will be produced on contract and shipped to a nearby processor (80 miles away) where they will be used for potato chip production. A portion of this farm is in a voluntary Conservation Reserve Program through 2027. The USDA provides an annual payment on these acres to the farmer to keep them in conservation, reducing soil erosion on the property.

Investment Highlights

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

  • The tenant will sublease the farm every other year to a local potato processing company.

  • 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, 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.