SOLD

GRIFFIN WEST

525 Acres
Farmland for Sale
Poinsett County

Located in Poinsett County near Waldenburg and the Missouri grain markets, this fully irrigated grain farm is a highly improved, investment grade grain farm with proven fields of corn, rice and soybean. It provides a 5% return on a 5 year cash lease. All cropland on this contiguous farm is irrigated, precision leveled, and has excellent water levels. Asking price: $2,850,000.

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PROPERTY FEATURES:
  • Total: 525 deeded acres (all contiguous)
  • Cropland: 500 acres irrigated, precision leveled (corn, soybeans, rice)
  • 5% return on 5 year cash lease with one of Poinsett County’s most established farms (12,000+ acres)
  • 180-200 bu/ac corn yields in 2012 crop
  • Average yields (corn 180-200 bu; beans 45 bu; rice 170-180 bu)
  • 5 irrigation wells (large wells with 12" pumps, good condition, 160-180' deep) 
  • Abundant, unrestricted water table (70' to water) 
  • Highway access and gravel roads throughout 
  • Corn sold to Peco Foods, Inc. 
  • Beans sold to Bunge Grain (or other grain companies) in West Memphis, AR (60 miles) or Osceola, AR (70 miles) 
  • Rice sold to Poinsett Rice and Grain Co. located 3 miles away in Waldenburg, AR• 
  • 100% of owner's mineral rights transfer to purchaser (active gas industry nearby) 
  • Taxes: approx. $2,500/year on farmland 
  • Insurance: approx. $1,000/year 
  • Proven duck hunting in grain fields 
 

JEFF BARRY: AGENT
jbarry@commadv.com
901-489-9119

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