$1,855,000
291± Acres
New Listing
Adair County, Missouri

Gibbs Farm & Hunt

ID: 33987
Status: New Listing
Price: $1,855,000
Acres: 291±
Type: Farms, Recreational Land
Address: 33824 State Highway E
City, State: La Plata, Missouri
County: Adair
ZIP Code: 63549

Description

Take a look at this outstanding 291 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 $5,000/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

$5,000 Hay Lease

Total Income: $58,000




Additional Information

wildlife

  • small game
  • turkey
  • whitetail deer

rights

  • mineral

Maps

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