161CAL

This nice 161 acre property located in Caldwell Co features 126 tillable acres. 18.5 acres are class 2 Colo Silt Loam , Lamoni, and Adair Soils. 92 acres are class 3 Lamoni, Adair, Lagonda Silty Clay, and Zook. 50 acres are less than 5% Slope with another 63 less than 9% slope. This farm is very close to the brand new MFA elevator situated just south of Hwy 36. This plus access to the higher paying KC market will help in this farm in producing good paying cash renters. This farm is open to farm for 2019. This farm should rent in the $160-$175 range. That would generate ($20,160-$22,050) for farm rent. Given the area the farm should bring in a $15 hunting lease for $2400. This would make the total income $22,560 $24,450. This would make a 4-4.3% Return. At $3500/acre this farm should not last long.