Ragland Plantation
West Memphis, AR 72301
Crittenden County, Arkansas
Farm Description
THE RAGLAND PLANTATION
LOCATION: The Ragland Plantation is located in the heart of Eastern Arkansas’ finest crop producing land, and is situated 1.5 miles north of Horseshoe Lake, Arkansas, just 30 miles southwest of Memphis, Tennessee. The property is well known and has been in the same family for at least two generations. The family is desirous of selling the farm as the interest in operating the farm by any of the family members has. Serious buyers will recognize the quality of this farm as prime, profitable investment grade real estate.
ACREAGE: The Ragland Plantation is centered 1.5 miles north of Horseshoe Lake, Arkansas and the gross acreage in the farm is 2912 acres more or less.
Acreage Comparisons
Gross Acreage - 2912 Acres FSA Cropland - 2767.2 Acres
Producing Acres = 95% of holding
GOVERNMENT CROP BASES:
The 2008 Government rice base is 224.3 acres with a direct payment yield of 3925.
The 2008 Government wheat base is 745.8 acres with a direct payment yield of 48 bu. per acre.
The 2008 Government soybean base is 2537.9 acres with a direct payment yield of 23 bu. per acre.
Direct Government payments are as of 2008
IRRIGATION: There are two 2640' center pivots in place on the farm that will irrigate approximately 1120 acres and there are 4 large irrigation wells that are used for “flood type” irrigation. Power units are not included in the sale.
BUILDINGS & EQUIPMENT: There are a number of improvements on the Ragland Plantation. Farm operations are headquartered near the east side and center of the farm
There are 6 houses, 2 shops and equipment sheds for farm equipment, and a warehouse for seed, fertilizer, and chemical storage also on the property. There are presently 70,000 bu. of modern grain storage and drying capacity in good condition. The system is equipped with an elevator leg and all necessary grain moving equipment.
OTHER IMPROVEMENTS: The 2 miles of paved State Highway frontage also provide safe and easy access to the farm, in addition to over 2 miles of county gravel road connecting various parts of the farm. All ditches and farm roads that surround the fields and property are inside the actual property lines, or are covered by an easement, and are considered part of the farm itself. This is an important feature, as disputed ownership of ditches and roads often lead to neglect and unsightly conditions surrounding otherwise attractive farmland.
BROKER NOTES:
1. In a time when farm values and crop demands seem to be forever fluctuating, this farm has consistently been a profitable venture, and will remain so, as rice, soybean, wheat and corn surpluses of the past are rapidly disappearing and there is a heavy demand for these crops on the international market. The quality of soils and the dependability of production, in combination with the size and arrangement of fields, means the Ragland Plantation historically produces quality agricultural products resulting in premium market prices for crops sold.
2. The farm is competitively priced, and with the excellent features outlined here, will be a sound financial investment for the new owner. Financial data on the farm’s earning history will be made available to serious buyers. Price is firm.
SALE: The property is being offered for or per acre. Owner prefers cash.
