Otter Creek Row Crop Farm

LaSalle County, IL

A

AcreTrader Rating (1)

Description

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.

Investment Highlights

  • 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.

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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