The Modoc Farm

Description The Farmland Group, LLC, is proud to offer this 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. It consists of some of the highest quality, most productive farmland in the region. There are 2,711.54 +/- FSA cropland acres included in this tract of prime east Arkansas farmland. Location The farmland is well located just 5 miles east of Elaine, Arkansas and easily accessed via Arkansas Hwy 20 as well as several county asphalt and gravel roads. 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. This is one of the best farming communities in Arkansas. The farming tenant pool is strong in this area of the state. Acreage The farmland consists of 2,711.54 FSA cropland acres and all of the FSA base acres convey with the sale of the property. Of the total 2,711.54 FSA cropland acres, there are 1,504.48 irrigated acres, 547.66 leveled acres, 959.82 center pivot acres and 1,204.06 non-irrigated acres. The non-cropland acres are comprised of wooded areas, river bottoms, roads, drains and turn rows. Soils Soils on this farmland consist of nearly 100% silt loams and silty clay loams mainly from the Commerce, Sharkey, Newellton, Robinsonville and Tunica series. The majority of this acreage is protected by the Mississippi River levee. There are approximately 980.17 +/- acres of FSA cropland on the unprotected side of the levee, but they are high quality silt and silty loam soils that have a history of growing cotton with above average crop yields. As noted by the previous 5-year crop yield history, these soils whether irrigated and/or non-irrigated have a solid trend of producing some of the best crop yields in the region. Topography The topography is mostly level to very gently sloping and well drained. As noted above, a portion of the farmland has been precision leveled, and the sloping areas are center pivot irrigated. Improvements This farmland maintains 6-center pivot irrigation systems and 11 irrigation wells. The irrigation wells range in size from 6 inch to 10 inch and are a combination of both Electric and Diesel powered. The groundwater aquifer in this area of the state is extraordinarily strong/stable and additional irrigation wells could be easily drilled/installed throughout this tract of farmland. Numerous buildings are located throughout the farmland consisting of shops, pole barns and houses. Offering Price $21,150,000 or $ 7,800 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.