Arnold 513

$2,750,000

Arnold 513

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Property Description

Brochure Link

DESCRIPTION:
The Arnold 513 is a 513.07 total acre, 404.73 tillable acre diverse West Tennessee farm.  The farm has history of growing corn, soybeans, wheat, and cotton.  The property has moderate to somewhat steep undulation, however the topography is consistent with most of the farms in West Tennessee.  Significant planning and expense has gone into drainage and erosion control via terraces and underground drainpipes.  The seller had center pivot plans designed that can be provided to interested parties. There is also significant timbered acreage providing opportunities for turkey and deer hunting or lease income.

LOCATION:
The property is located in eastern Lauderdale and western Haywood counties Tennessee.  The farm has several access points on county asphalt roads.

SOILS:
The soils are primarily Memphis silt loam, Adler silt loam, and Loring silt loam.  These soils are excellent for growing cotton, corn wheat, or soybeans.  The farm’s NCCPI soil rating is 69.33.

TOPOGRAPHY:
The farm is undulating and typical for West Tennessee.

PRICE:
$2,750,000

LEASE:
The farm is leased for a 25% crop share.  The current tenant will operate the farm in 2024.  The property will be free from lease in 2024.

POSSESION:
At closing, subject to 2024 farm lease.

SHOWING:
Showing by appointment only.  To request showing or more information contact Gwin or Shelby using contact information below.

DISCLAIMER:
Farmland Group, LLC is the exclusive agent for the property herein. This brochure and all information contained herein is believed to be correct; however, we make no guarantee as to its accuracy.  Prospective buyers are urged to inspect the property and perform their own independent due diligence.  The Farmland Group, LLC and its agents assume no liability as to errors, omissions, or investment results.

 

Agent Information

Shelby Smith

Phone: 901-461-9042

Email: shelby@ricag.com

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