411 ACRES DELTA FARM LAND,QUITMAN CO MS

Quitman County, Mississippi

Contact Agent:

Bill Gates 901-488-0368

Location:

In two tracts, 12 miles North of Marks, 65 miles South of Memphis, 60 miles West of Oxford

TRACT I: Approx. 3 miles NW of Darling on Blaine Road via Darling Road from HWY 3

TRACT II: Approx. 1.5 miles East of Tract I on Blaine Road

 

Acreage:

TRACT I: 312 acres, Total, by tax rolls, with 283.1 acres FSA cultivated and 6.5 acres CRP

TRACT II: 99 acres, Total, by tax rolls, with 91.4 FSA cultivated acres

Features:

INCOME: Farm income for Tracts I and II is projected on renewal of 2020 rent of $69,000.00                     ($184. 00 per acre)  CRP income is $770.00 per year. Duck hunting lease is $20,000.00 per year. Total gross income is projected to be $89,770.00, with no irrigation, hunting or farming expenses incurred by owner.

 

Purchase Price:

$2,100,000.00      GROSS RETURN: $89,770.00       / $2,100,000.00  = 4.275 per cent

 

 

Improvements:

Tract I : Farm land is 100% precision land formed with two turbine irrigation well and 4 steel, in ground pits for duck hunting

Tract II: Farm land is 100% precision land formed with one turbine irrigation well and one steel, in ground pit for duck hunting.

 

Property Description:

CROP BASES: TRACT I: Long grain rice: 266.3 acres @ 6513# PLC yield
TRACT II: Long grain rice: 86.4 acres @ 6513#

411 ACRES DELTA FARM LAND,QUITMAN CO MS – Location Map

Quitman County, Mississippi

411 ACRES DELTA FARM LAND,QUITMAN CO MS – Aerial Photo

Quitman County, Mississippi

411 ACRES DELTA FARM LAND,QUITMAN CO MS – Ownership Photo

Quitman County, Mississippi

411 ACRES DELTA FARM LAND,QUITMAN CO MS – Highway Map

Quitman County, Mississippi