The Wilson 200 is an agriculture and recreational investment opportunity consisting 204.79 +/- acres of farmland with 157.62 +/- acres or 77% of the land in cultivation. The farm is located in Lee County, Arkansas near Moro, Arkansas. The farm is conveniently accessed from Highway 78. The farm, with its loamy soils and irrigation improvements, allows for a diverse mix of productive crops.
Moro, Arkansas, Lee County, Northeast Arkansas The fractional South 1/2 of Section 4, Township 2 North, Range 4 East. LAT/LON: 34.4833, -91.0188
Easily accessed via Highway 78.
204.79 +/- acres per Farm Service Agency 157.62 +/- acres in cultivation or 77% of acres.
Calloway Silt Loam - 50%, Hilleman Silt Loam - 43.8%, other Silt Loams - 7.2%
The farm has gentle undulating with slopes of less than 1%.
121.86 +/- acres can be watered down the row, at this time. Seller is planning to install underground pipe or another well to water another 32 acres. After that improvement, all but 3.76 acres of crop land will be irrigated.
2 -Irrigation wells powered by electricity
The owner is planning to add another well or underground pipe for additional irrigation.
FSA Acre Allocation:
FSA Farm #4257, Tract #214, Lee County, Arkansas
Long Grain Rice 69.44 acres
Medium Grain Rice 6.59 acres
Wheat 41.85 acres
Soybeans 78.39 acres
All long and medium rice base acres are enrolled in the PLC program. All soybean and wheat base acres are enrolled in the ARC - CO program.
The farm is currently operated by the owners. The owners desire to lease back the farm.
Real Estate Taxes:
Total property taxes are $659.50 annually.
The slough on the farm will impound water for most of the year. The owners have been leasing the slough, totaling about 47 acres to a local hunting club, for duck hunting. More information is available upon request.
Any mineral rights in possession of the Seller will transfer to the Buyer at closing.
The Wilson 200 is offered for sale at $725,000 or $3,540 per acre.
Offering Price: (REDUCED 12/15/2017)
The Wilson 200 is offered for sale at $665,000 or $3,247 per acre.
For additional information regarding this property or to schedule a showing, please contact Franklin Fogleman by calling 901-674-2840.