0000 Mcgrew Mine Road

Description

Rare opportunity to purchase a tillable farm located in the Missouri River bottoms of Lafayette County, Missouri! This 160 +/- acre tract consists of 120 +/- tillable acres, 19 +/- acres of delineated wetlands, and the remaining balance in timber and marsh. This farm is a strong income-producing property with diverse recreational use and would be an excellent purchase for an investor or a recreational connoisseur looking for a great return. 53.6% of the soils consist of Haynie Siltl loam, 0-2 percent slopes, occasionally flooded, and 44.2% consists of Leta Silty Clay loam, 0 - 2 percent slopes, occasionally flooded, and the remainder Waldron Silty Clay Loam, 0 - 2 percent slopes. The farm does flood on occasion due to its proximity to the Missouri River but has consistently produced a yield with yearly records to prove it. This farm is on a corn/soybean rotation. The current operators have been farming this property for many years and would love to stay as operators. The current farm agreement is a flex rent payment that provides both owner and operator risk and reward. The last three years of income on 101 tillable acres has been $26,458, $23,380, and $19,333. Recently the owner has cleared an additional 19 +/- acres of ground and is in its final sweeping stages to prepare for planting. This farm is also an incredible recreational property with 19 +/- acres of delineated wetland that could easily be developed into a wetland along a major flyway. Adding a couple of water control structures you could easily catch rain or flood waters. There is electricity that runs along McGrew Mine Road which could be a candidate to have a well put in for controlled flooding annually. This property is across the river from the Mudhole & Sunshine Lake, prominent waterfowl hunting areas. There is a ton of deer sign and I have heard quail whistling on the neighboring properties.