299 Acre Duck and Rice Farm
N. Main Street : Brinkley, AR 72021
Monroe County, Arkansas
Farm Description
Unique opportunity to purchase duck hunting club with excellent income producing capabilities, located within 2 miles of Cache River at Dagmar WMA and 1 mile of Brinkley, AR. Tract boasts income from farm lease, billboard lease, WRP payments, and future timber harvesting. Being sold out of an estate, the tract is priced to move and must transfer within the timelines set out herein below.
Sealed bid timeline:
Bid Opens: March 18, 2014
Bid Closes: April 2, 2014
Settlement and Closing Date (subject to sellers final approval): April 18, 2014
Pre-Bid Offers are considered
Specifications:
299 Total Acres
232 Acres Tillable Farm Ground
80 acres most suitable for corn, beans, wheat, or rice
143 acres most suitable for rice
Average farm lease rates per year
Currently on 25% crop share, expires 2014 harvest
Three (3) Irrigation Wells
Between ¼ and 3/8 mile of underground irrigation piping
25 Acres flooded green timber
Dike and Levy with Controlled water
Excellent Mallard Duck habitat
Twelve (12) Acres of WRP
Two (2) Leased Billboards
WRP and Billboards generate per year
Potential Duck Hunting lease income over
Balance of Acreage in hardwood bottoms
Excellent duck hunting habitat
Hardwood timber prices at all time highs
Located within 2 miles of Cache River NWR at Dagmar Wildlife Management Area
Located within 1 mile of Brinkley, AR
Shopping, food and groceries, entertainment, medical services
Comparable Sales: (last 12 months within 5 miles of tract)
Sold “As-is, Where-is” with no representations or warranties
Total potential passive income of per year
2.5% of acceptable offer to Cooperating Selling Brokers
Bid Submission Contact:
John B Hilton III, Esq.
***Seller reserves the right to cancel the bid and sale procedure at its sole option
