The Brown Farm is located approximately 6 miles southwest of Wynne, Arkansas via Highway 284 west and an all weather County Road. The farm is one half mile south of Highway 284 and approximately 45 miles west of Memphis, Tennessee.
The Brown Farm has 218.24 acres of Farmland and 203.4 acres of Cropland.
GOVERNMENT CROP BASES AND PAYMENTS:
The Brown Farm has 92 acres of Rice base, 6.5 acres of Wheat base, 4.1 acres of Milo base and 95.3 acres of Soybean base. The 2009 Direct Payment is $9,186 or $45.16 per acre.
One turbine well and one submersible well. The submersible well has not been used for 10 years and the owner does not guarantee the well to pump. The turbine well was overhauled and lowered in 2003 at a cost of over $7,000. There is an 11 acre field on the southwest corner that has no irrigation but is leased to a neighbor who provides the irrigation.
The seller is retaining a 50% ownership of the total minerals to the property, excluding water.
The soils are Henry Silt Loam 95% +- and Calloway Silt Loam 5% +-. These soils are highly productive to all crops that are grown in this area.
Waterfowl hunting in the area is very good because the farm is located in a natural flyway and within 2 miles of the L'anguille River bottoms. Left over grain in the fields is a magnet to the ducks and geese in this intense agriculture area.
The owner will lease back the farm for $125 per tillable acre for a period of 5 years.
The Brown Farm is listed at $3,100 per acre or $630,540.
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