Oak Grove Farm
Oak Grove Farm
The Oak Grove Farm is a 202-acre established peanut farm located approximately 70 miles south of Macon and 30 miles west of Albany, in the heart of Turner County, Georgia.
With over 400 active farmers and $65 million in annual agricultural products sold, Turner County sits in the middle of Georgia’s southern Coastal Plains. The region boasts some of the best soils in the Southeast and stands as the most productive agricultural region in the state.
The Oak Grove Farm consists of 147 irrigated cropland acres, mostly made of Tifton and Alapaha loam soil varieties. Tifton loam is the state soil of Georgia and is the most extensively mapped prime farmland soil in the state. These soils are deep and drain well, making them especially well-suited for peanuts. However, they are able to support a multitude of crops and provide the optionality to produce corn and cotton as well.
The land is irrigated with two pivot systems. This farm is a sale-leaseback with a three-year commitment to the current operator.
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.
- Please note this property is obligated to comply with the terms of a perpetual, irrevocable Conservation Easement (CE) and pursuant to the CE certain areas of the property that would otherwise be tillable are protected such as designated no-farming perimeter around ponds and streams. Additionally the CE contains certain conservation measures that must be taken on the farm which would preclude any eventual commercial development on the property so that it will be limited to use as farmland and/or recreation land. The property is otherwise able to be farmed on an unrestricted basis. As noted above, the farmer will be the existing owner and he is very familiar with the CE, its purpose and terms.
- 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.