233 tillable acres
This 340 acres features 233 tillable cash rented at $275 for a total of $64,075 on a 1 year contract for 2012. Farmer will extend if wanted or it can be farmed by the new owner. The farm had $300 offered after the contract was accepted. This is a local farmer. This farm should easily attract a hunting lease of at least $10 per acre or $3400 to make the total income $67,475.00 and based on the asking price of $1,430,000 or $4205.88 an acre which makes it a 4.7% Return. Owner would consider splitting off the woods and waste portion of the farm.
This is one of those farms that will continually year after year hold its ground in a competitive cash rent world.
The current owners would like a closing date of after March 16th 2013