1172 Acres M/L, 8 Irrigation Pivots, Fertile Fields, & Oil Production!! (4.7% Return!!)
Hwy 281, Iuka, Kansas
Here is a rare opportunity to purchase 1,172 acres m/l of premium irrigated farmland in Central Kansas with high priority water rights.
The property consist of 315 acres located just 3 miles north of Iuka, Kansas along the west side of Highway 281. It also has a 857 acre tract with outbuildings another mile north and 1 mile east of highway 281.
The property consists of 1172 tillable acres covered by 7 ½ irrigated circles with 6 natural gas powered well/engines running 8 center pivots. Approximately 987 Acres under pivot and 184.75 dry land acres. The farm has in the past been primarily a corn on corn farm with fertility maintained at the highest levels. Corn on avg has ran around 210 bushel per acre. All the corn harvested is delivered just a few miles east of the farm to Scouler ethanol plant. There was some milo grown this year. This property offers a premium location in that aspect, as well as established feedlots. Current cash rent offers have come in at $240,000 yearly should the new buyer choose to cash rent the farm out. New owners may have the fertility tested and are able to depreciate surplus fertility.
Cash renter will also rent the outbuildings for an additional $12,000
100% of Seller’s mineral interest transfer to the Buyer at closing. Currently the oil leases and price of oil have been producing around $20,000 in yearly income. 4 wells with 1/8th interest and 1 with 1/16th interest.
This would make a total of $272,000 in annual income.
Property Taxes $25,591 netting the new owner $246,409 in income or a 4.7% return.
Irrigation Equipment: Irrigation is fueled by natural gas that runs underground to all the properties. These Pivots have a high priority number.
- 454 Irrigation engine: 2013
- 454 Irrigation engine: 2014
- 454 Irrigation engine: 2016
- (2) New sprinklers: 2010
- Irrigation pump: 2018
- Well # 8 Pump: 2000
- Well: 1997
- Valley Irrigation System: 1995
- Valley Pivot: 1995
- Valley 7 Tower Sprinkler: 2006
- Valley 8 Tower Sprinkler: 2009
- Replacement well: 1995
- New Well: 2004
- Spray Bar: 2013
Field # Priority Date Water Right # GPM Max AF Well Depth Static Water
1. 7-30-71 18331 850 195 AF 138’ 32’
2 7-30-71 18331 790 195 AF 150’ 20’
3 11-22-71 18592 940 198 AF 131’ 26’
4 5-3-72 19360 835 195 AF 137’ 28’
5 11-22-71 18592 1000 198 AF 136’ 27’
6 3-24-67 13046 910 477 AF 138’ 27’
For more information call, text or email Jeff Quinn, 1-660-734-3925
This property is co-marketed through listing agent J.C. Bosch - Hayden Outdoors
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