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New Wells & New Pivots - Top Yields

Ridgely, TN 38080

Lake County, Tennessee

326 Acres
$1,597,400
$4,900 / ac
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Farm Description

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

Farm Map & Boundaries

More Farm Details

Owner Will Subdivide
No
Owner Will Finance
No
Owner Will Lease
No
Covenants / Restrictions
No
Residence / Home
No
Commercial Building
No
Zoning
No Zoning
Terrain
Flat
Access
Gravel Road
Electricity Service
No
Telephone Service
No
Water Service
No
Sewer Service
No
Natural Gas Service
No
Cable TV Service
No
Cell Service
No
Internet Service
No
Well
Yes
Septic
No
Posted on FARMFLIP
1,116 Days Ago
Last Updated
87 Days Ago
FARMFLIP ID
75287

Price History

03/29/2017
$1,597,400
$-692,200
-30.2%
03/07/2016
$2,289,600
$-622,400
-21.4%
Farm features, descriptions, details, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by FARMFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the advertiser directly regarding this listing.