1801 Acres Cross County,Arkansas Priced at $5,403,000
Location:
1801 deeded acres - 1555.7 cropland acres Penrose Farm is a class A farm that is located about 1 mile east of Penrose, Ar. 3 miles south of Fairoaks, Ar. and about 50 miles west of Memphis, Tn. The farm is in an area of some of the best duck hunting in the state. With its over 150 acres of timber it also has great deer hunting. This farm is a consistent producer as you can tell by the proven yields. Penrose Farm is one mile from rail and is very close to two rice co-ops. The farm has good water at a static depth of around 70 feet.
Bases:
Bases
Acres
Dir Yield
CC Yield
Rice
975.9
124.5 bpa
124.5 bpa
Soybeans
365.4
34 bpa
34 bpa
Wheat
176.3
38 bpa
38 bpa
Milo
38.1
53 bpa
53 bpa
Direct Payment
1555.7 ac
$106,865
Soils:
Henry silt loam 70% of farm - percentages are approximate Calloway silt loam 20% of farm - percentages are approximate Zachary silt loam 10% of farm - percentages are approximate
Irrigation:
11 wells, 3 with electric motors and one relift that goes with sale, and 340 acres precision leveled.
Access:
Paved highway access on eastern boundary of farm
Lease:
Farm is leased through 12/31/2007 at $125 per tillable acre
Hunting:
11 duck pits
Minerals:
Owner will sell 50% of mineral rights, and owner has a 5 year lease in place that pays 17.5% of the gross to the owner.
Bins & Sheds:
160,000 bushel grain storage with leg and grain pump, one 40 ft. x 60 ft. metal shed, and one 50 ft. x 100 ft. metal shed. All bins have fans and dryers.
Price:
$5,403,000.00 or $3,000.00 per acre and rent will be prorated if bought by July 1st.
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