by P4a1aGat35
411 ACRES DELTA FARM LAND,QUITMAN CO MS
Quitman County, Mississippi
Contact Agent:
Bill Gates 901-488-0368Location:
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
