Description:

Bolivar Farms and Pledger Farm are high quality Mississippi Delta cotton, corn, and soybean farms. The owners have had these farms for over 40 years, and this will be the first time they have seen the market in that time. Bolivar Farms is primarily irrigated by 2 like new center pivots. The north pivot is a 2012 model and is 1,802 ft long and irrigates 234 acres. The south pivot was hit by a tornado early this year and has completely been rebuilt to 2020 specs.
The south pivot is 2640 ft long and irrigates 502 acres. Three more wells furrow irrigate 303 acres of which 117 are precision leveled. Not only is this a highly productive cotton, corn and soybean farm, Bolivar Farms has 2 of the best duck holes in Bolivar County. 17 acres are farmed in rice and corn every year, but the crops are left for the ducks, between the two duck holes in the fields and the duck hole in the lake, wildlife opportunities are abundant. The seller would like to come to an agreement to rent the farms, including duck hunting from the buyer.

Location:

The property is located along 3 miles north of Shelby MS. The farm is
accessed from the north via Caston Rd. and is less than a mile from MS
Highway 444. The farm can also be accessed from the south via gravel Sugar Hill Rd.

Soils:

See the attached soils map. The farms are made up mostly of sandy loams to silty clays. The farm is primarily Dundee and Dubbs, but other soils types include Beulah, Bosket, Sharkey, Dowling and Tunica.

Topography:

Bolivar Farms mostly is gently rolling with some leveled land; Pledger Farm is mostly flat and row watered.

Improvements:

The improvements on the farms consist of four irrigation wells, an 1,802 ft pivot, a 2,640 ft pivot, and a metal tractor shed

Price:

$6,140,000.00 or $5,000 per cultivated acre.

Lease:

The current owner will operate the property in 2020, Seller would like to lease the farm back.

Possession:

At closing subject to lease for 2020.

Showing:

By appointment only. For appointment please contact.

Gwin Smith or Shelby Smith
Rainer Realty Company and
Rutledge Investment Company
5160 Sanderlin Avenue
Suite One
Memphis, Tennessee 38117
901-766-9041