The Frost Farm

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Description:
The Frost Farm is an agriculturel investment opportunity consisting 74 +/- acres of farmland with 70.5 +/- acres or 95% of the land in cultivation.  The farm is located in Monroe County, Arkansas near Hunter, Arkansas, only 70 miles from Memphis,  Tennessee. The farm is conveniently accessed via Highway 49.  The farm, with its rolling undulation, allows for a diverse mix of productive crops

 

Location:
Hunter, Arkansas, Monroe County, Northeast Arkansas. The S 1/2 of the NW 1/4 of Section 1, Township 4 North, Range 2 West.    Center  LAT/LON: 34° 59’ 34.1, -91° 9’ 46.8

 

Access:
Easily accessed via Highway 49.

 

Acreage Allocation:
74 +/- total acres, 70.50 +/- acres in cultivation or 95%, 3.5 +/- acres in woods and roads or 5%.

 

Soils Allocation:
Grenada Silt Loam        58.4%
Immanuel Silt Loam        28.4%
Foley – Calhoun Complex    13.2%

 

Topography:
The farm has rolling undulating slopes of greater than 1%. Irrigation:
100% of the cultivated acres are irrigated by furrow irrigation or row fall irrgation.  Improvements:  
2 – electric, submersible wells

 

FSA Acre Allocation:
Crop            Acres        Program
Wheat            12.9        ARC – CO
Rice –     Long Grain    41.5        PLC
Soybeans        62.6        ARC – CO
Rice – Medium Grain    3.9        PLC

 

Leases:
The farm is currently leased to a local farmer for a 20% crop share.  The lease is verbal.

 

Real Estate Taxes:
Total property taxes are $307.76 annually.

 

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

 

Offering Price:
The Frost Farm is offered for sale at $240,500 or $3,250 per acre.

The Frost Farm is offered for sale at $220,000 or $2,973 per acre.

 

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