214 Acres CRP/Tillable/Hunting

Hwy U, Browning MO

Sullivan County

Price: $588,500

$2799/Acre

MLF #05-214-02

Awesome 214 acre farm located just 2 miles north of the Linn County line along Hwy U.

This farm currently has 170.7 acres out of the 214 enrolled in 2 CRP contracts.

The first contract is a buffer strip CRP contract consisting of 83.6 acres around the field borders. This contract pays $95.72/Acre  or $8002 annually and expires in 9/30/2021.

The second contract consist of 87.1 acres in the middle of each field. This contract pays $95.75/Acre or $8340 annually and expires in 9/30/20.

Once the CRP contracts expire you will have the chance to renew at possible higher rates or return to row crop for higher rates increasing the rate of return significantly.

With 170.7 acres in tillable production at a base $150 cash rent that would raise the income to $25,605 from $16,342.

You can hunt this far yourself or add a $15/acre hunting lease $3210 annually and bring the total income to $19,552 as is in CRP and a 3.3% Return, or $28,815 with tillable and a 4.8% return at asking price.

Call or text Jeff Quinn today for more information or to schedule a showing 1-660-734-3925

Contact
Jeffrey Quinn, Broker
Cell: 660-734-3925
Office: 660-258-3185

WE KNOW LAND.

We farm it. We hunt it.

And we raise our
families on it.

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