Ask Patrick Schnieders
Gibbs Farm & Hunt
Description
Take a look at this outstanding 286 +/- acres located just 10 miles Southeast of Kirksville. This farm has approximately 240 acres in productive row crop with 2022 being a mix of beans and corn. It is currently being cash rented at $200/ acre bringing it to an annual cash rent of $48,000. The current farmer is looking to lock in a multi-year cash rent contract on the farm. There is some phenomenal hunting on this farm, especially the 70 acres on the South side of the farm. There is currently a hunting lease for an additional $5,000 of income. The current owner would like to rent the 20 +/- acres of hay ground for an additional $3,000/year bringing the total income on this farm to $58,000. The ROI on this farm is 3.1% at asking price making it a desirable farm to have! There is great blacktop access to this farm along State Highway E along with county road access on the West and North ends of this farm as well. Seller will split off the South 70 acres if desired with 35 +/- acres being tillable. Come take a look today.
Cash Rent: $48,000. $200/Acre on 240 Acres Tillable
$5,000 Hunting Lease
$3,000 Hay Lease
Total Income: $56,000
Additional Information
wildlife
- small game
- turkey
- whitetail deer
rights
- mineral
Maps
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