Cottage Grove Row Crop Farm
The Cottage Grove Row Crop Farm grows corn and soybeans and is located just outside of Chicago. This 78.6 acre farm will be improved with the addition of drainage tile, dirt work, and leveling. Land improvement is expected to improve the value of the property.
The total price of the farm is $350,699 or $4,462/acre.
78.6 gross acres, with 74.5 tillable acres.
Farmer has historically rotated between soybeans and corn for better income and soil health.
Planned land improvement projects should provide an opportunity for increased valuation.
Gross cash yield expected at 5.3%. Verbal agreement has been made with tenant for 2020 season.
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 15 annually, beginning December 2020.