Mussel Lake Cotton Farm
Quitman County, MS
The Mussel Lake Farm is a 188-acre cotton and rice farm located in Quitman County, Mississippi. The farm is situated 20 miles northeast of Clarksdale, Mississippi and is bordered by several miles of state highway. The underlying soils consist primarily of sandy-loam and silt-loam soils, which are ideal for producing a wide range of crops, and 96% of the property is considered tillable cropland acreage.
The majority of the farm is currently irrigated through groundwater resources and delivered by furrow irrigation. Additional funds are being raised in this offering to further irrigate the remaining dryland acres on the property. The existing farmer has recently signed a two year lease extension on the property and will continue to farm the property. While there are no current hunting leases in place, and non-farm income has not been included in the investment financials shown here, there is potential for future additional revenues from recreational leasing.
5-10 year target hold period given stable cash flows and potential for material long-term appreciation.
New lease in place through 2022.
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.