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249 Ac - Irrigated Farm Land

Mangham, LA 71259

Richland Parish, Louisiana

249 Acres
$998,500
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Farm Description

249 +/- ac irrigated farm for sale in Richland Parish, LA This farm has approx. 233 crop acres per FSA information with approx. 188 acres under furrow irrigation. The remaining acres are in ditches and a wooded area. It has 3 electric, submersible wells located at the south, north, and west sides with multiple risers. Note The rent rate is based on 188.5 acres. The farm has blacktop road frontage on 3 sides. The soils are primarily a Gigger-gilbert silt loam 40.1 and a Gilbert-silt loam 31.1. A soil map is available on the RecLand site. There is a 2 +/- ac portion along the north end Gandy Road that would be suitable for a homesite or an equipment shed. Utilities are available along the road. The farm is under a 5 year lease with a well-known operator that is set to end/renew in November 2019. Rents are currently at a cash level that would provide just over 3 gross return at the asking price. The lease allows for a crop share payment if its greater than the cash rent minimum. Minerals negotiable Location Situated along the east side of Middle road and along the south side of Gandy road and along the north side of Hwy 576, west of Mangham, LA Legal Description Situated in Section 19, T15n, R7e, Richland Parish, LA Asking Price $998,500 Call Ronnie Garrett @ 318.235.5800 or see the RecLand site for all our listings.

More Farm Details

FARMFLIP ID
126294
MLS / Other ID
LA200638
Last Updated
136 Days Ago

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