Farms & Ranches - ag production -- Under Contract
Braymer, MO 64624 (Carroll County) Click here for Driving Directions 97% Open Tillable Farm w/4.4% Return — Price: $404,000
120 acres Carroll County, Missouri
Located 1 mile south of Hwy N on Hwy D then 1/4 mile West off HWY D.
A real nice 40 acre piece lays just off the south side of County Road 120. The 80 starts off the west side of the 40 acre parcel and continues for 1/4 mile all on the north side of county road 120.
This farm previously had 116.5 acres enrolled in CRP that expired Sept 30, 2018. During that time it was kept pretty clean. The owner has cleaned up any remaining small trees. He dozed the roadways out to make maximize accessibility for farming. If a person wanted they could clean up a little more to gain the extra acres back. Along with signing up for terrace programs would really top this farm off.
Current tenant farmer has signed a 3 year cash contract (2019, 2020, & 2021) paying $150/acre based on 112 acres or $16,800 in annual income paid 50% March 1, and 50% Nov 1.
While this farm is mostly open. The deer trails are plenty. Several nice places for a tree stand for early season bow hunting. A nice tripod or tower blind situated on the north hill 200 yards all the way around out to do the trick come November. Maybe talk the farmer into leaving a few beans making for some good muzzle loader hunts.
If your strictly an investor this property should bring in $10/acre hunting lease for an added $1200 income. This would take the yearly total income to $18,000 and a 4.41% return.
Returns like this are getting hard to find. With $150 cash rent there is a good possibility of increased income in the future.