43
Simulcast Auction
Farmland Property
- Status
- County, State
- Acres
- Listing Number
- Sold
- Carroll County, Missouri
- 1,120 ± Acres
- L-2200381
Land For Sale!
We firmly believe it to be nearly impossible to find a comparable property of this size and quality that has sold recently or is currently available in the Corn Belt, and for certain in the Missouri River Basin. This farm has possibly one of the strongest cash rental leases of any farm in Missouri, outside of some select farms in the Bootheel that are suitable for Cotton, Potato and Horse Radish production. Furthermore, it is very rare to find a farm that has an equal amount of improvements that create potential depreciation to capture as a tax savings. The current ownership has a depreciation schedule that totals over $1,000,000, and you should talk with your tax accountant about how this may benefit you as well.
This farm has a very impressive record of only losing 6 years of production in the last 80 years to flooding, and 2 other years it lost a portion of its crop to seep water because the river stayed at a very high level for an extended period (60-90 days).
The farm has great road frontage/access, and the roads are very well maintained. These roads are critical to providing easy access for the large equipment ingress/egress to the crop land and for hauling the crop out of the field to market.
There are several large local grain markets within 5 – 20 miles of the farm. These include ethanol plants, rail terminals, and river terminals. These competitive local outlets provide a strong cash basis or positive margin basis over the Chicago Board of Trade. This allows the farmers to market their grain close by for a premium price, with very little transportation expense, thus adding profitability to their operation and higher cash rent for the landowners. There are times throughout the year that the local grain markets will have up to a $1/bu premium on corn over the CBOT. The farm is also within an hour of Kansas City which has several end user buyers that will pay a premium for these commodities, and Kansas City also has several river and rail terminals as well.
Listing Information
All information is assumed to be accurate and substantially correct but no assumptions of liability are intended. Neither the seller nor the agent or representatives warrant the completeness or accuracy of the information. Seller does not guarantee timber volumes, values, acreages (total, woodland/cropland, stand or otherwise), tree ages or the condition and/or function of any improvements, including but not limited to all buildings, machinery, appliances, wells, equipment, livestock and ponds. No representations or warranties are expressed or implied as to the property, its condition, boundaries or logging feasibility. Prospective buyers should satisfy themselves as to the accuracy of this information.
