Pompey Lake Rice Farm
Quitman County, MS
The Pompey Lake Rice Farm is a highly-improved rice farm with "Grade-A" soils located in the fertile Mississippi Delta. Recent investments in leveling this property as well as the installation of new well pumps are expected to improve crop yields as well as farm rents over time.
This farm consists of ~237 acres, with nearly 100% tillable farming acres on the property. There is potential for water fowl hunting, which could lead to additional rental income as well as improved re-marketability. Potential hunting income is not included in the annual cash rental amount (see the financials tab for more information). Increased farm rents and hunting income have the potential to improve the gross cap rate of this farm to 4.0% - 4.5%.
3-5 year target hold period given stable cash flows and potential for material long-term appreciation.
Duck hunting lease is actively being marketed and could improve investor income
Recent field improvements could further improve investor income through optimized farm rent
The property will be managed by AcreTrader Management, LLC, an affiliate of AcreTrader, Inc.
AcreTrader Management fee of 0.75% applies annually.
Anticipated cash distributions occur on or about December 15 annually, beginning December 2020.