The Crisci Trust Farm

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Description:

The Crisci Trust Farm is an agriculture investment opportunity consisting 246.77 +/- acres of farmland with 201.57 +/- acres or 81.6% of the land in cultivation. The farm is located in Crittenden County, Arkansas, West of West Memphis, Arkansas, only 12 miles from Memphis, Tennessee. The farm is accessed via Highway 70 and a service road to Interstate 40. The farm, with its clay soils and gentle undulation allows for a diverse mix of productive crops including rice, soybeans, milo and wheat.

 

 

Location:
Jennette, Arkansas, Crittenden County, Northeast Arkansas part of Section 9, Township 6 North, Range 7 East. Center LAT/LON: 35.091819, -90.211846

 

Access:
Easily accessed via Highway 70 and a service road for Interstate 40. Interstate 40 bisects the farm and Highway 70 serves as the southern boundary.

 

Acreage Allocation:
246.77 +/- acres of farmland
201.57 +/- acres in cultivation or 81.6%
30 +/- acres of woods or 8.2%
15.2 +/- acres of roads and ditches or 10.2%

Soils Allocation:
Sharkey Silty Clay - 100%

 

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

 

Irrigation:
The farm has no irrigation, but could easily be landformed.

Improvements:
The are no improvements on the farm.

 

FSA Acre Allocation:
FSA Farm #2964, Crittenden County, Arkansas.
Crop                  Acres   Yield   ARC/PLC
Wheat                15.8     49     PLC
Rice - Med. Grain 8.8      4935  PLC
Rice - Long Grain 92.3     4935  PLC
Soybeans            95.57    24     ARC - CO

 

Leases:
The farm has been leased by a local farmer for approximately 9 years on a cash lease term. The lease has expired and there is no lease for 2017.
The property also has two billboards on the property. The billboards belong to the advertising company, but they pay a land lease to the owner of $3000 per year. The lease has expired, but the advertising company has continued to pay the rent each year.

 

Real Estate Taxes:
Total property taxes are $1,376.70 for 2015.

 

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

 

Offering Price:
The Crisci Trust Farm is offered for sale at $725,000 or $2,938 per acre.

 

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