Wabash County, IN
The Roann 192 is located in north central Indiana, 9 miles north of the town of Wabash. All of the 192 acres on the property are tillable and have been in corn and soybean production in recent years. A 100% tillable farm is atypical, but it means that every acre of the farm will be rented out to a local farmer, and that every acre is considered income producing.
The farm is also highly improved. While irrigation is necessary in some regions, farmland in the midwest often has more issues with getting excess water off of the farm. This parcel is completely pattern tiled, which improves the drainage on the property allowing for optimal growing conditions. This drainage tile feeds into two main outlets which are county certified drains maintained by Wabash County.
Finally, the parcel is strategically located to reduce input costs for a farmer. The adjacent farmer to this property raises hogs, so the tenant farmer receives manure, which can improve the overall fertility of the soil and decrease costs by not having to purchase and transport alternative nutrients from elsewhere.
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.
Anticipated cash distributions occur on December 15 annually, beginning December 2021.