Tenmile Peanut Farm - North

Pulaski County, GA

A

AcreTrader Rating (1)

Description

Located in the heart of the largest peanut growing region in the country, this farm contains 190 acres of irrigated crop ground and woodlands. The farm contains a loamy sand soil that is highly suitable for peanut production, but also has supported cotton and melon crops in previous seasons. The farm is located south of Macon, GA a few miles off Interstate 75.

The farm is irrigated by three center pivots with water supplied by two wells that provide ample water to the crop acres. These soils are capable of growing a wide diversity of crops and drain very well. The farm is expected to grow melons every 4th year which may boost lease income by 10%-20% (not included in financial projections). The farm has an active lease for 2020 with interest in a multi-year extension, and it is the second in a series of two adjacent parcels offered on the AcreTrader platform.

Investment Highlights

  • 5-10 year target hold period given stable cash flows and potential for material long-term appreciation.

  • Investment includes three center pivot irrigation systems.

  • Investment includes approximately 25 acres of woods. While there are no immediate plans to open these acres to crop production, the timber does have marketable value that is unaccounted for in financial projections.

  • Existing cash lease in place for 2020.

  • New survey will confirm final acreage.

  • The farm is eligible for lower annual property taxes due to its enrollment in a Conservation Use Valuation Assessment (CUVA) program. Please click here for more information regarding the CUVA program details, including certain continued agricultural usage requirements.

  • 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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