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Missouri Land and Farm, Brookfield, MO—660.258.3185
Missouri Land and Farm 
Brookfield, MO — 660.258.3185

Contact: Jeffrey Quinn, Broker
cell: 660.734.3925
Email: Click Here
My Website: Click Here
Jeffrey Quinn, Broker

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#05-333-02: Farms & Ranches - ag production -- Under Contract
Palmyra, MO  63461  (Marion County)

Mississippi River Bottom, 95% Tillable — Price: $2,090,000
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Here is a farm you don't see every day. Actually you rarely see a farm like this come up for sell. This is without a doubt one of the best tillable farms I've had the privilege to sell. This 333 acre Mississippi River Bottom farm is comprised 316.37 tillable acres. These tillable acres are comprised of class 3 Carlow Silty Clay Loam. The drainage ditches have been recently cleaned out. Parts of this tract have been surface leveled. It sits behind a levy district levy that protects it from the Mississippi River. This farm is currently cash rented for $290/acre ($91,747.30 yearly) based on the 316.37 tillable. Farm is rented for crop years 2018, 2019, and 2020. We had multiple offers at this amount. The current tenant was already farming in this bottom and wanted to add to his families current production. With the previous better grain prices farmers where paying $350/acre. Hopefully if grain prices rise you will be able to enjoy the added income. The proximity to Quincy also makes this location a positive factor. Currently the Levy District taxes and property taxes would total around $48 per acre making a net of $242/acre ($76,561 yearly) on the income. The levy district tax which was used to raise the levy and currently building for another project is not all negative. By being behind this great levy the farm ground went from being High Risk for crop insurance to Low Risk saving the farmer approximately $33 per acre and a greater certainty of a quality crop. With comps in the area from $7600/acre to $8900/acre range we believe this farm is priced relatively under the market for what it is. With this location, productivity, and increase in grain prices its very possible to see a vast increase in price for this farm making it a great investment as well. As a wise guy once told me farms like these are the last to drop and the first to go up in price. Call today for a showing Jeff Quinn 1-660-734-3925
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Acres or Lot size: 333.00 m/l Incorporated:
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Email: Click Here
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cell: 660.734.3925

Jeffrey Quinn, Broker
   
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