This 160 acre parcel contains a multitude of opportunities for the buyer as there is hunting, CRP, cropland and gravel opportunities with this farm.
The current 123 acre CRP contract expires on 9/30/2012 with a payment of $7,402. This contract has been reenrolled for 2013 and beyond.
The new reenrollment contracts have been submitted as two separate contracts as follows:
88.4 acres at $128.42/acre for a total contract payment of $11,352 per year from 2012-2027.
34.6 acres at $179.72/acre for a total contract payment of $6,218 per year from 2012-2027.
The total potential income under new CRP contracts would be $17,570 annually and is subject to USDA approval.
SPECIAL NOTE: The new buyer is not required to participate in the new CRP contracts. The contracts can be altered or canceled for a small fee!
In addition to the CRP income, the DNR Walk-In-Access program could contribute approximately $1,600 to $1,920 more revenue annually.
Further adding to the revenue of the farm is the approximate 6,000 cubic yards of gravel currently piled. Future mining opportunities for gravel may also be available with this property.
Wildlife are abundant on the farm; trees along spring creek aid in the deer and turkey habitat, Native Grass species in the CRP provide food and cover for upland birds, and Spring Creek and the manmade pond provide extra habitat for water fowl. This is a unique farm and is adjacent to other wildlife habitat. This farm would make a great investment for any farmer, investor or wildlife enthusiast.
Estimated Taxes Payable 2012: $3,614 Ag Non-homestead/Commercial Non-homestead
Earnest money of 15% of purchase price will be due with purchase agreement. Closing will occur approximately 45 days after acceptance of the purchase agreement. Real Estate Taxes and Income will be prorated to date of closing.
This information provided herein is received from other sources and is believed to be correct NORTHWESTERN FARM MANAGEMENT COMPANY does not warrant its accuracy. We strongly suggest you contact the appropriate sources to confirm this information.