Price: $750,000 ($3,750/ac)
Great opportunity to own these 200 acres in Harrison County Mo! Farm consists of 175.29 CRP acres. Most of the CRP acreage expires by 2022 except for two pieces, 2.1 acres and 3.2 acres. Should a buyer want to let the CRP programs expire, this farm would consist of 175.29. acres tillable. We’ve got an offer from a local farmer to put the farm back into row crop production for $175 per tillable for a 5 year contract making the annual crop income between $30,675.75. There will be 34.47 acres in row crop in 2022 and another 135.52 acres in 2023. There’s 3.2 acres that comes out in 2023 paying $120 per acre and 2.1 acres coming out in 2024 paying $134.39 an acre. Hunting lease would easily be $4,000-$5,000 annually. Were also seeing new CRP rates go back in from anywhere from $150-$185 an acre. This being a very good guaranteed rental rate for 10 years. There are also 4 ponds on the property. Harrison County is very well known for producing giant whitetail bucks and big, long beard turkeys. Property is not far from the Iowa border. This farm could also act as pasture for cattle once out of CRP if so desired. Easy in and out access at either the north side which is gravel or west side that is blacktop. The rate of return at asking price would be 4-4.6% depending on if the farm is kept in CRP or put into row crop production. Farm is 1.5 hours to Kansas City, 3 hours to Columbia, 1.5 hours to Des Moines Iowa. Contact Andy Boyer, agent, 636-295-1476. This property is partially owned by MO Real Estate agent, Andy Boyer. *Lines on the map are thought to be accurate but are estimated.