Crown Mill Farm

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Description:
The Crown Mill Farm is an agriculture and recreational investment opportunity consisting 4,057 +/- acres of farmland with 3,643 +/- acres or 89.7% of the land in cultivation. The farm is located in Cross County & Crittenden County, Arkansas near Earle, Arkansas, only 25 miles from Memphis, Tennessee. The farm is conveniently accessed via State Highway 184. The farm, with its ample irrigation, allows for a diverse mix of productive crops or could be further improved with land forming to make a great rice farm.

 

Location:
Earle, Arkansas, Cross County & Crittenden County, Northeast Arkansas
LAT/LON: 35.1834, -90.2948

 

Access:
Easily accessed via Highway 184. The farm is also bisected by an all-weather county road.

 

Acreage Allocation:
4,057 +/- acres per Farm Service Agency 3,503 +/- acres in cultivation or 86.3%, 139.76 +/- acres in CRP or 3.45%, 414.24 +/- acres in building sites, pasture, woods, roads, and ditches or 10.25%

 

Soils Allocation:
Alligator Silty Clay – 34.1%
Alligator Clay – 27.8%
Sharkey Silty-Clay - 18%
Dubbs and Dundee Silt Loam – 9.3%

Topography:
The farm has gentle undulating slopes of 0% - 1%.

 

Irrigation:
Approximately 2,550 +/- acres of the farm are irrigated or 70% of the cultivated acres. Approximately 875 acres are precision leveled, 500 acres are flood irrigated and 1,175 acres are irrigated by center pivots. There are 135 acres irrigated by an additional center pivot which is owned by the current tenant.

 

Leases:
The farm is currently under lease to a local farming operation. Lease terms call for 25% of the crop and government payments to accrue to the owner. The current lease expires December 31, 2020.

 

Improvements:

• Five (5) Valley Center Pivot Irrigation Systems. Lengths are 12288 LF, 1290 LF, 1580 LF, 1933 LF and 2457 LF. All pivots have diesel power units that will remain with the pivots.
• Four (4) 18,000-bushel grain bins
• One (1) Hutchinson 13 x 82 swing away auger
• Sixteen (16) Irrigation wells. Six (6) electric-powered wells and eleven (10) diesel-powered wells
• Enclosed Equipment Shed
• Tenant House/Duck Club

Note: A sixth pivot on the farm belongs to the tenant.

 

Real Estate Taxes:
Total property taxes paid for 2016 are $25,000.13.

 

Mineral Rights:
Any mineral rights in possession of the Seller will transfer to the Buyer at closing.

 

Recreation:
The farm has a history of quality duck hunting. An existing duck hunting club is established on the farm and has use of the house located on the farm. More details are available upon request.

 

Utilities:
Water and electricity are available on the farm and are used to service the house and shop.

 

FSA Acre Allocation:
The farm is comprised of the following farm FSA Numbers: 476, 3672, 3764, 3763, 3674 and 3675. The following page contains a chart of the aggregate base of the acres of each crop and farm.

 

Offering Price:
The Crown Mill Farm is offered for sale at $15,200,000 or $3,746 per acre.

 
Contact Info:
For additional information regarding this property or to schedule a showing, please contact Franklin Fogleman by calling 901-674-2840.