Penrose Farm |
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Sold
1801 Acres
Cross County,Arkansas
Priced at $5,403,000 |
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| 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. |
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Bases:
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Bases |
Acres |
Dir Yield |
CC Yield |
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Rice |
975.9 |
124.5 bpa |
124.5 bpa |
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Soybeans |
365.4 |
34 bpa |
34 bpa |
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Wheat |
176.3 |
38 bpa |
38 bpa |
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Milo |
38.1 |
53 bpa |
53 bpa |
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Direct Payment |
1555.7 ac |
$106,865 |
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| 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
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| 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 |
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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.
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| 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.
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| 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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