Lindsey's Gilmore Farm 1500 Acres +/-

Location:        The Gilmore Farm is in two tracts. The West Tract containing 291 acres +/- is located -on the edge of the city limits of Gilmore,   Arkansas. The East Tract containing 1204 acres +/= is approximately one mile east of the Gilmore tract. Both tracts are approximately 30 miles from Memphis, Tennessee via I 55. Interstate 55 bisects the east tract and there is frontage on the interstate of about 1.5 miles. There is an interstate crossing that makes easy access to the farm. 

 

Acreage:         1,495.7 +/- of Farmland and 1,425 acres +/- of Cropland. 

Bases:             (See following page for bases breakdown) 

 

Topography:  The farm has a gentle roll on some of the acreage but most of the farm is flat. All but 45 acres irrigate by pivot or furrow. The forth five acres +/- will irrigate with leeves.

Irrigation:      The Lindsey farm has four pivots and four wells that are less than 3 years old and one well that is older. One well is electric and the rest are diesel powered.  

 

Soils:               The soils approximately 50% Sharky Silty Clay, 40% Tunica Silty Clay and the balance being Earle Clay, Alligator Clay and Forrestdale Silty Clay Loam. These soils have a high natural fertility and as Mr. Lindsey says” are great closers”, meaning that in August and September they will make you a crop even if the crop does not look too good in June and July. 

Water:            The aquifer in this area is known as the Mississippi Alluvial Aquifer. This Aquifer is normally recharged each year by the Mississippi River. The static levels of the water table in the area and on this farm are in the 20 to 30 foot range. Test wells in this area show a stable static water depth of around 25 feet. 

 

Hunting:         Waterfowl hunting in the area is excellent. The farm is about one mile from the famous Minneshea Hunting Club and about 5 miles north of Wappanocca WMA. Ducks and Geese have been observed using the farm each winter.  

Rent & Taxes:  The farm lease expires on December 31, 2009. The farm is leased on a 75%/25% share. The property taxes are $5.50 per acre +/- 

 

Price:              The Lindsey Farm is priced at $3,000 per acre or $4,500,000. The owner prefers cash at closing.

 

Farm # 2946    945.5 Farmland Acres             907.1 Cropland Acres

Bases:

Rice                   75.5   Yield    4436                Payment           $  6,690

Cotton              426.5   Yield     716                 Payment           $17,313

Wheat              228.4   Yield        39                Payment           $  3,735

Soybeans         246.5   Yield        17                Payment           $  1,567

Milo                   24.1   Yield        66                Payment           $     473                       Total $29,778

 

Farm #118       140.4 Farmland Acres             128 Cropland Acres

Bases

Cotton                 44     Yield    646                  Payment           $ 1,611

Wheat                   7.4  Yield      40                  Payment           $    131

Soybeans            74.5  Yield      15                  Payment           $    419                        Total $2,161

 

Farm #2075     81.8 Farmland Acres               79.8 Cropland Acres

Bases

Cotton                 72.2  Yield    638                  Payment           $2,603

Soybeans            25.3  Yield    15                    Payment           $   142

Milo                      2.3  Yield    57                    Payment           $     39             Total $2,784

 

Farm # 6454    251.7 Farmland Acres             238.5 Cropland Acres

Bases

Cotton                 31.2  Yield    635                  Payment           $1,123

Wheat                 63.7  Yield    39                    Payment           $1,098

Soybeans         177.5  Yield    18                    Payment           $1,195

Milo                    22.3  Yield    66                    Payment           $   439             Total $3,855

 

Farm # 2110    39.4 Farmland Acres               39.4 Cropland Acres

Bases  

Wheat                 0.2    Yield    39                    Payment           $ ----

Soybeans         34.4    Yield    18                    Payment           $  234

Milo                 13.2    Yield    66                    Payment           $  259              Total $ 493

 

Farm # 101      33.9 Farmland Acres               32.2 Cropland Acres

Bases  

Soybeans         28.3     Yield    15                    Payment           $ 159

Wheat                7.3     Yield    40                    Payment           $ 129               Total $288

                                                            

Total Base   Rice  75.5  Cotton  573.9  Wheat  306.8  Soybeans  586.5  Milo  61.9

 

Total Cropland Acres 1,425 Total Base Acres  1604.6       Total Pmt. $39,359