Rural, Ridgeway, Missouri, 64481
This 40 acre farm presents a rare thing in today’s market as it is 85% tillable. Roughly 35 acres m/l are tillable with the majority being Class II & III soils. Soils include Grundy Silt Loam, Lagonda Silty Clay Loam, Lamoni Clay Loam, & Shelby Loam. Currently, this farm is in CRP, with the contract expiring on September 30, 2022. The current contract has 27.2 acres in CRP paying $125.15/acre.
The farm has an optional 3 year farm lease at $185/acre for approximately 35 acres. This would generate $6,475 in total income. This generates a 2.57% ROI at list price. There will have to be some minor cleanup to get the farm ready for production. Additionally, this farm could provide some hunting opportunities for the outdoorsman.