Productive Louisiana Farmland - SOLD Lake Providence, Louisiana  |  County: East Carroll

  • 9,035 Acres

Louisiana Farmland consists of 9,035 acres, 8,368.5 acres total cropland. This farm is 90% precision leveled, ability to double crop, cash rent of 5% or higher return, custom farm opportunities with 7% or higher return, 55 inches annual average rainfall, 490,000 bushel grain storage and 31 wells. Multiple grain facilities in the immediate area as well as barge service. Agriculture is the prevalent industry, with crops including cotton, corn, rice, soybeans, milo and wheat. Commerce includes related industries: cotton gins, grain elevators, and the Port of Lake Providence on the Mississippi River (50 miles south of Greenville and 50 miles north of Vicksburg).

LOCATION
Located near Highway 65 and Highway 580 and just five miles from the Mississippi River.

INVESTMENT HIGHLIGHTS
• Cash rent opportunities with 5% or higher return
• Custom farm opportunities with 7% or higher return
• Ability to double crop
• Growing Season: March through October
• 90% precision leveled
• 490,000 bushel grain storage facility with loop system
• 40+ irrigation wells with pumps and gear heads
• 5,280 feet of underground pipe and risers
• 3 farm shops
• 1 equipment shed
• 3,200 sq ft house

CROP PRODUCTION SUMMARY
• Corn base: 773.4 acres
• Soybean base: 3,167.7 acres
• Rice base: 2,351.7 acres
• Grain sorghum base: 899.5 acres
• Cotton base: 522.2 acres
• Wheat base: 280.8 acres

AREA PRECIPITATION AND AVERAGE TEMP
• 55.3 inches annual average rainfall
• 64 degrees Fahrenheit

IMPROVEMENTS
• 490,000 bushel grain storage facility with loop system
• Grain bins:
- Three at 17,500 bushels each
- Ten at 32,000 bushels each
- Two at 36,000 bushels each
- Recently another 45,500 bushel grain storage facility has been added to the above
- Total grain storage: 490,000
• Shop: Steel building 2,200 square feet
• Shed: Steel building 1,320 square feet (shade covers an additional 2,640 square feet)
• Metal shop: 60’x60’
• Metal shed: 80’x60’ (shade cover)
• 10,000 diesel storage tank
• House: 3,300 square feet, 4 BR, 2.5 BA, brick walls, wood truss, tar paper roof

EQUIPMENT SUMMARY
31 wells: Tenant is in the process of obtaining descriptions and serial numbers of all 31 wells/power units

FINANCIAL SUMMARY
2011
Cash Rent; $65,500.00
Total Acres Leased; 7,901.29
Rent/Acre; $180.02
Total Crop Income; $1,422,384.33
Bin Rent; $25,827.62
Total Income; $1,448,211.95

2010
Cash Rent; $65,500.00
Total Acres Leased; 8,064.23
Rent/Acre; $130.05
Total Crop Income; $1,048,741.18
Bin Rent; $75,371.50
Total Income; $1,124,112.68

LEASE SUMMARY
• Corn and Soybeans: 25% crop share
• Cotton and Rice : 20% crop share
• Lease can be renewed or may expire in fall 2013
• Established, quality tenants with 5+ years of history

Broker: Linda Niebur

Virtual Map