(SOLD) The McGavock Farm

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Description:

The McGavock Farm is an agriculture and recreational investment opportunity consisting 566.76 +/- acres of farmland with 518.74 +/- acres or 92% of the land in cultivation.  The farm is located in Mississippi County, Arkansas near Joiner, Arkansas, only 30 miles from Memphis, Tennessee. The farm is conveniently accessed via State Highway 61.  
 

 

Location:
Joiner, Arkansas, Mississippi County, Northeast Arkansas
LAT/LON: 35.2933, -90.1014

 

Access:
Easily accessed via Highway 61.

 

Acreage Allocation:

566.76 +/- acres per Farm Service Agency, 518.74 +/- acres in cultivation or 92%,  48.02 +/- acres in woods, roads, and ditches.
 

Soils Allocation:
Tunica Silty Clay – 18.6%
Sharkey Silty-Clay – 41.0%
Earle Clay – 10.5%
Misc. Soils Complexes – 29.9%

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

 

Irrigation:
A ¼ mile center pivot irrigation system is located on the farm but is not part of the sale.

 

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.

 

Real Estate Taxes:
Total property taxes paid for 2016 are $4,832.00.

 

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

 

FSA Acre Allocation:

Wheat Base Acres: 184.80 Wheat PLC Yield: 60 bu
Generic Base Acres: 65.00
Soybeans Base Acres: 406.20

 

Offering Price:

The McGavock Farm is offered for sale at 1,650,000 or $2,911 per acre.

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