299 Acre Duck And Rice Farm

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 $150-$200/acre($34,800-$46,400) 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 $4,900 per year

Potential Duck Hunting lease income over $25,000

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)

$3,200/acre; $3,267/acre; $3,500/acre; $3,700/acre

Sold “As-is, Where-is” with no representations or warranties

Total potential passive income of $88,900.00 per year

2.5% of acceptable offer to Cooperating Selling Brokers

Bid Submission Contact:

John B Hilton III,

***Seller reserves the right to cancel the bid and sale procedure at its sole option