390 Acres in Jamesport, MO - $1,501,500

Top Tier Investment Farm in a Desired Neighborhood

Midwest Land Group is proud to offer this well-maintained and high quality 390 +/- acre farm in Daviess County, Missouri! This farm has excellent access off of Highway 6, 3 miles west of Jamesport. This farm consists of 321 tillable acres, 245 of which are cropland acres and 69.29 acres in CRP with a combined annual income of $56,729. The farm generates a 3.8% ROI prior to a hunting lease. The current operator is on their fifth year farming the tillable acres. The tenant is willing to enter into a 5 year contract at $185 per tillable acre, if the new owner desires. The remaining acreage consists of big timber draws and a clean 1.5-acre pond.

The topography and soils on this farm are excellent. Approximately 2/3 of the 321 tillable acres are 2-5% slope and predominantly class II soil. As you tour the farm you will identify how well the farm lays and the strategic placement of the CRP. The farm surrounds a tributary that leads into the Big Muddy Creek just a couple of miles to the west. The farm has been improved with terracing and tiles where necessary. The terrace and tiling was strategically placed with the natural lay of the land and perform extremely well for controlling water and eliminating erosion.

This farm is a great option for the investor or operator looking for a quality tillable tract in one of the fastest value appreciating locations in northern Missouri. Daviess County has consistently produced higher than average crop yields and demanded a higher price than the surrounding counties in northern Missouri. Daviess County also holds a high population of deer and is well known for strong buck genetics. Deer sign is abundant through the timbered draws, all throughout the beans, and there is obvious bedding in the CRP. There is no question that this farm would bring a strong rate on a hunting lease for additional income.

A farm in this neighborhood of this quality with a long term sustainable return is a prime asset for the investor looking for annual cash flow and appreciation year after year. Give Will Wiest a call for more information and to schedule a private showing.

Property Features

-390 +/- acres located in Daviess County, MO

-Direct access from Highway 6 between Jamesport and Gallatin

-321 tillable acres

-245 acres planted in soybeans leased at $185/acre

-69.29 acres in CRP generating $11,404 annually

-Total annual income: $56,729

-3.8% ROI before a hunting lease

-Tenant would enter into a 5 year contract at $185 if buyer desires

-CRP contract in CP21: 18.61 acres at $184.69/acre, expires in 2031

-CRP contract in CP25: 55.67 acres at $143.10/acre, expires in 2023

-1.5-acre pond