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%