Acres: 278+/-

County: Sullivan

Price: $1,042,500 ($3,750/ac)

UNDER CONTRACT

278+/- acres of MAJOR hunting with income. Located right off Hwy 6 in Reger, MO. Farm consist of 178.91 tillable acres currently leased at $160 per tillable acre. The current lease is a 5-year flex lease: for 50 BU beans or 150 BU of corn per acre lease amount is $185 per tillable acre, 55 BU beans or 160 BU corn at $200 per tillable acre and 60 BU beans or 170 BU corn at $215 per tillable acre. The timber on this place houses a GREAT population of MO Whitetail Giant Bucks. Tons of turkeys and small game animals all over this place. This place is hunting ready with premade trails! Numerous spots for food plots all over the property. Giving the wildlife no reason to leave with ample cover, water and food. The annual hunting lease amount on this farm is easily $8,000. There are 3 ponds on the property as well as a nice water hole located in the center of the timber. Creek runs all the way through the center of the farm. Property runs road to road which offers perfect access from the north and the south. Excellent spot on the south side of the highway to build the cabin or home of your dreams. Perfect spot that wouldn’t affect your hunting at all.

The rate of return on this farm does vary depending upon the yields of the crops with the flex lease. ROI is figured with an $8,000 annual hunting lease with the annual farm lease, and at asking price is as follows:

$160/acre= 3.5% ROI

$185/acre=3.9% ROI

$200/acre= 4.2% ROI

$215/acre= 4.45% ROI

 

With hunting season right around the corner, this turnkey, pay as you play farm is one you DON’T want to miss out on. Contact Andy Boyer, agent, at 636-295-1476 or Tyler Arnold, agent, at 660-292-4024. *Lines are thought to be correct but are estimated. **Licensed MO realtor owns this property.

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