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924 Acre Investment Property

Humphreys, MO 64646

Sullivan County, Missouri

924 Acres
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Farm Description

This property located North of Humphreys, Missouri has a total of 924 m/l acres with 716 m/l of those acres being tillable land. The property currently has 537.6 acres enrolled in the CRP program with the contracts being active until 2015, 2017, 2020, 2021, and 2022. The CRP acreage brings in an annual payment of $48,of those CRP acres have less than 3 years of payments made and could be bought out for $115,000.00 (which includes penalties and interest). If those 386 acres were bought out and cash rented along with the 178 tillable acres that are not in CRP this farm could produce an annual income of $84,750 to $98,985 based on a cash rent of $150 to $175 an acre which is a conservative estimate, other farms in the area have been cash rented for $200 an acre. This property also has the possibility of obtaining four to five windmill contracts that have a projected yearly payment of $12,000-$15,000 for the next 10-15 years. This land also offers great hunting with a possibility of obtaining a $10,000 a year hunting lease. If the 386 acres are left in CRP the land would bring in an estimated $104,557.00 a year ($48,407 CRP, $31,150 for the 178 acres rented for $175 per acre, $15,000 windmill contracts, and $10,000 hunting lease) giving the property a return rate of 4% OR total yearly income could be $101,557.00 if the windmill contracts brought in $12,000. If the CRP acres were bought out this property could bring in an estimated $134,382.00 a year ($10,507 CRP, $98,875 for the 565 tillable acres cash rented at $175 per acre, $15,000 windmill contracts, and $10,000 hunting lease) making the return rate of this property 5.1% OR total yearly income would be $131,382.00 if the windmill contracts paid $12,000. The farm has a conservative estimate of $100,000.00 to $150,000.00 that could be paid for mature timber, including white oak and walnut, which could potentially pay for most of the CRP pay off. This property also features several areas of land that are nicely terraced, 7 stocked ponds, a nice home, and multiple outbuildings.

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