1455 Acres, Kirksville MO, Adair County

    $ 6,500,000

    • Date added: 04/18/18
    • Type:
    • Status:
    • Area: 1455 acres
    • Lot size: 1455 acres

    Description

    Very productive Northeast Missouri grain and cattle farm. This tract is comprised of both bottom and upland tillable acres, as well as productive cattle pasture/hayground. Farm would be an excellent candidate for a confined hog operation meeting CAFO requirements on many different levels.
    Hog Barn=Nitrogen Rich Fertilizer=High Corn Production=Silage for Cattle Feedlot. Its a low cost cycle with income on many approaches.
    $212,000 in annual income to be paid 1/2 April 1st, and 1/2 December 1st. FSA states 924 tillable acres. 500 to be farmed with the remainder comprised of pasture and hay, cattle feedlot and improvements.
    Two Blacktop highway access points, and one gravel road access all with water and electric in place.
    Farm has a conservative $3.2 million in depreciable assets, which could be valued at a 1.5% return on investment by itself.
    5.5% return with all incomes+depreciation for 3 years: 2019,2020,2021 with a first right of refusal moving forward.

    Call Luke Shoemaker, 660-676-2218 with questions. Property only shown with an approved pre-qualification letter, per the sellers request.

    View on map / Neighborhood