Elaine Farm

Description The Farmland Group, LLC, is proud to offer this small tract of high-quality Phillips County Farmland for sale. This farmland has been owned and operated by the Griffin Family for many, many years. This property is a well-located farm located in the heart of some of the best producing agricultural farmland in East Arkansas. Location The farmland is located just north of the town of Elaine. This farm has excellent access off of Phillips County Road 468 and Arkansas Hwy 44. This farmland is in close proximity to various farm supply stores, fertilizer outlets, equipment & parts dealerships and grain elevators. This farm is approximately 80 miles south of Memphis, 125 miles east of Little Rock and within 30 minutes of Helena. Acreage The farmland consists of 137.02 FSA cropland acres and all of the FSA base acres convey with the sale of the property. Soils The farmland is comprised of two soil types including Sharkey Silty Clay and Tunica Silty Clay. This farmland over the past 5 years has maintained a Corn/Cotton crop rotation with above average yields being produced. Acreage There are two irrigation wells located on this farmland tract with 100% of the farmland being precision leveled. Offering Price $1,050,000 or $7,800.00 per FSA cropland acre Lease The farm is currently being farmed by the current owner and is willing to lease the farm back on a three-year cash rental agreement of $250 per FSA cropland acre. Minerals All minerals owned will be transferred. Possession At Closing Showing Showing by Appointment Only. To request a showing or for more information contact Allen Evans or Phillip Howell. Disclaimer The Farmland Group, LLC is the exclusive agent for the property herein. This brochure and all the 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.