Otter Creek Row Crop Farm
LaSalle County, IL
The Otter Creek Farm is a productive Illinois row crop farm with a demonstrated history of high corn and soybean yields. This farm has been improved with extensive drainage tiling and has a lease secured for the 2020 crop season. The farm is located only 70 miles from Chicago and has nearly half a mile of paved road frontage.
This farm is in a county with above average quality soils and land values, and boasts an active rental market with little to no vacancy for tillable cropland. This area has experienced significant growth in wind and solar energy developments over the last decade, which has led to increased local land values.
5-10 year target hold period given stable cash flows and potential for material long-term appreciation.
While there are no current plans for this property, it is located in an area with recent significant wind energy developments, improving potential future land values.
Existing cash lease agreed upon for 2020, with a verbal agreement with the tenant to extend to 2021.
The property will be managed by AcreTrader Management, LLC, an affiliate of AcreTrader, Inc.
Standard AcreTrader management fee of 0.75% applies annually.
Anticipated distribution payments occur on December 15th annually, beginning December 2020.