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Higgins Farm 640 Acrees +/-




LOCATION: Approximately 8.5 miles southwest of Lake Village, Arkansas in Chicot County, and approximately 22.5 miles west of Greenville, Mississippi.

SIZE: 640 Gross acres of Farmland.
592 acres of Cropland.

IMPROVEMENTS: All of the cropland except approximately 13 acres has been leveled to grade, with water provided by 2 re-lifts from Big Bayou, which has provided a dependable source of water for 25 years. There are 4 ea. 12,000 bushel grain bins with stir-alls and dryers, a 30 X 50 shop building with concrete floor, and a small hunting cabin.

FSA DATA: A RICE base of 290 Acres with a Direct Payment yield of 5567 lbs. and a Counter Cyclical Payment yield of 5857 lbs.
A SOYBEAN base of 302 Acres with a Direct Payment Yield of 24 bu. And a Counter Cyclical Payment Yield of 29 bu.

COMMENT: This farm has been dedicated to rice and soybean production for several years. The soil types are good for the production of the crops based on this farm, plus a variety of others. This is a very good farm in 1 tract. This farm also offers excellent duck hunting. The farm is being very well farmed. Cash rent paid March 1 each year in the amount of $72,000.00. An additional $8,000.00 per year duck hunting lease beginning in August, 2007, for a total of $80,000.00 cash rent.

PRICE: $1,360,000.00.