389.64 Acres in Oneida, AR - $2,225,000
The Baker Farm
The Baker Farm consists of 389.64 +/- total acres in two separate tracts. Tract 1 is 40.0 +/- acres and Tract 2 is 347.95 +/- acres. There is 352.6 +/- total acres of tillable cropland (40.0 +/- acres are leveled for rice production) and 37.4 +/- acres timber and riparian land.
The property is located near Oneida, Arkansas in Phillips County, which is in the fertile, agricultural, Delta Region of east Arkansas. The property is 9 miles from Marvell, AR; 12 miles from Helena, AR; 62 miles from Memphis, TN; and 83 miles from Little Rock, AR. Both land tracts have excellent access via county-maintained gravel roads and interior farm roads (Tract 1 is accessed via Country Road 344 and Tract 2 is accessed via Country Road 361).
The Baker Farm offers 352.6 +/- acres in tillable cropland producing rice and row crops. There are 37.05 +/- acres of leveled cropland, which is excellent for rice pr...
The Baker Farm offers 352.6 +/- acres in tillable cropland producing rice and row crops. There are 37.05 +/- acres of leveled cropland, which is excellent for rice production. 315.5 +/- acres are moderately flat and can be used for rice production. The remaining acreage is comprised of mixed-age hardwood timber, staging areas, and drainage ditches. Tract 1 offers duck hunting opportunities on the precision leveled fields. The timbered area and fields of Tract 2 are ideal for the development of excellent duck hunting habitat. The woods on the two tracts offer outstanding whitetail deer hunting. The property has four irrigation wells (one located on Tract 1 and three on Tract 2), which provide water to the farming operation.
The farm is currently farmed on a 75/25 crop-share basis for the 2023 farm year. There is a reliable farm producer in place to continue the current farming operation. Additional income could also be generated from a annual hunting lease. The Seller shall reserve half ownership in all mineral rights. The real estate taxes are $3,738.00 annually (source: Phillips County Assessor).
The property is offered for sale at the price of $2,225,000.00 ($5,710.00 per acre). Qualified buyers should contact Clay Medford of Myers Cobb Realtors at 501-517-1531 regarding questions or schedule a property tour.
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