155.83+/- Craighead County, AR Auction
Property Overview: Looking for a versatile property near Jonesboro? Look no further than this 157-acre working farm, located just 10 minutes away from the city. Accessible via County Road 387, the farm sits west of State Highway 141 and boasts a unique natural feature - the Big Creek Drainage Ditch- which flows through the property from North to South, effectively dividing it into East and West sides.
For over 30 years, the land has been operated as a successful, family-owned grain farm. Since 2015, the farm has been leased to a skilled producer who has maintained the property in excellent condition. With the tenant releasing possession in 2023, the opportunity to own and operate this farm will be immediate.
But that's not all. This property is perfect for a variety of uses, such as a home site, hobby farm, specialty crop production, horse or cattle ranch, or farm tourism business. With good soil types and an irrigation system in place, the possibilities are numerous.
The entire farm will be offered at auction in up to four (4) tracts, each with its own unique qualities. Prospective new owners can choose to purchase individual tracts or combine them to meet their specific needs.
Don’t miss out on the chance to own this property March 29th.
Acres: The farm comprises 139 acres of FSA cropland, with 95 acres irrigated. Two irrigation wells are located on the farm, situated on opposite sides of the creek. The eastern well supplies water to both fields on the eastern side via underground irrigation pipe, risers, and complementing irrigation on the west side. The remaining 44 acres of non-irrigated land are well-suited for pasture or recreational activities. In addition, the farm includes approximately 15 acres of woodlots, and wooded land along the farm borders and Big Creek, providing ample opportunities for deer and small game hunting.
Farm Production & Income: For the past several years, the irrigated land has been planted to a rice and soybean rotation. The current tenant reports that the rice has produced an average of 175 dry bushels per acre, while soybean yields have been over 45 bushels per acre on the east side of the creek and approximately 33 bushels per acre on the west side. The most recent rental terms have been a 25% crop share to the landowner.
NO BUYER'S PREMIUM! - BID BY THE ACRE