This property is in two separate fields which are both located along the Obion River. We are offering both tracts together for one price, but are willing to sell the tracts separately if the buyer would not want the whole farm. The soil is mostly sandy loam which makes this an excellent production farm. The property is also blessed with a very adequate water supply that will support beans, corn, wheat or cotton. The farm is also well drained for crop production. While this farm has an outstanding performance history, Ray and Travis have made several grading improvements (2 new pivots and 3 new wells) that have increased crop yields while allowing for added crop diversity and better crop rotations.
Approximately 244 acres are irrigated with 57 dry, leaving 25 in woods for hunting. There are four wells on the property, all are turbine. Ray and Travis have also improve the property by laser grading and enhancing crowns.
The two tracts are broken down as follows:
Tract 2- 125 acres with 1 turbine well- $673,500 or $5,100 p/acre. Has a $170 p/acre CASH lease in place.
Tract 3- 201 acres with 2 turbine wells and 2 pivots - $1,125,600 or $5,300 p/acre. Has a $180 p/acre CASH lease in place.
Tracts 2 & 3 - 326 acres with 3 turbine wells and 2 pivots - $1,597,400 or $4,900 p/acre