The Shelby Farm

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Description:
The Shelby Farm is an agriculture investment opportunity consisting 1,082 +/- acres of farmland with 1,027.59 +/- acres or 95% of the land in cultivation. The farm is located in Bolivar County, Mississippi near Shelby, Mississippi, only 20 miles from Cleveland, Mississippi. The farm is accessed via a paved road, Kermit Station Road. The farm, with its quality loamy soils and gentle undulation allows for a diverse mix of productive crops including cotton, corn, soybeans, milo and wheat.

 

 

Location:
Shelby, Mississippi, Bolivar County, Northwest Mississippi parts of Sections 1, 2, 11 & 12, Township 24 North, Range 6 East. Center LAT/LON: 33.572902, -90.471522

 

Access:
Easily accessed via Kermit Station Road, a short drive from Highway 61.

 

Acreage Allocation:
1082 +/- acres per Bolivar County, MS plat book
1027.59 +/- acres in cultivation or 95% per the FSA office

Soils Allocation:
46.6% of the farm is loam consisting of Dundee, Dubbs, Bosket and Beulah soils
53.4% of the farm is clay soils consisting of Dowling, Sharkey, Alligator, Forrestdale and Tunica soils

 

Topography:
The farm has gentle undulating with slopes of 0% - 1% on most of the farm.

 

Irrigation:
62% of the cultivated acres are irrigated by two center pivot irrigation systems. Please note the center pivots belong to the tenant. The wells belong to the farm owner. Please ask for further details.


Improvements:
(1) tenant house
(1) Quonset hut
(2) turbine irrigation wells powered by diesel power units to operate center pivots (power units are not part of the sale)

FSA Acre Allocation:
FSA Farm #3983, Bolivar County, Mississippi.
Crop Acres Yield ARC/ PLC
Wheat 208.60 67 PLC
Generic Base 595.60 559 N/A
Grain Sorghum 0.00 0 PLC
Corn 0.00 0.00 ARC - CO
Soybeans 207.20 38 ARC - CO

 

Leases:
The farm is currently operated by a local farmer. The lease is a cash rent and the lease is to expire in the year that the farm is sold, or 12/31/2017, whichever is sooner.

Real Estate Taxes:
Total property taxes are $17,027.87.

 

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

Offering Price:
The Shelby Farm is offered for sale at $4,325,000 or $4,000 per acre.

 

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