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240 Acres

Milan, MO 63556

Sullivan County, Missouri

240 Acres
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Farm Description

This 240 m/l acre property is located west of Milan, Missouri. The farm offers 150 acres m/l of tillable ground with a cash rent of $200 per year or $30,000 on a 3 year contract if desired, it is currently a year to year contract. 32.2 acres in CRP tree program at a rate of $85.80 throughand with talks of it renewing at a rate of $115-$125 annual payment of $2,762.76. There is also a lease in place for the possibility of wind turbines in the future, 160 acres at a rate of $3 per acre annual payment of $480. With the remaining acres being mature timber this tract also has great hunting and currently has a $2400 per year hunting lease.

Total income: $35,642.76

Return rate: 5%

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