Parcel of productive cropland that is turn-key ready for the farmer looking to add to an existing operation or an investor looking to add to their portfolio. Consisting of mostly Class (2e) & Class (3e) soils the cropland has a good proven yield history. Crops grown on the property and in the area include Wheat, Milo, Millet, or Corn. Currently, all of the tillable acreage is in a crop rotation and is subject to tenant rights under a written $55 per tillable acre cash lease agreement. There are 14.81 acres currently enrolled in Grassland CRP paying $163 annually until 2035. Together the cash lease & CRP payment comes to a total of $12,848.20 annually which creates a return on investment of over 3.7% at asking price before taxes. Power runs along the maintained county road offering tons of possible opportunities including a potential building site. The property has well maintained ...
Parcel of productive cropland that is turn-key ready for the farmer looking to add to an existing operation or an investor looking to add to their portfolio. Consisting of mostly Class (2e) & Class (3e) soils the cropland has a good proven yield history. Crops grown on the property and in the area include Wheat, Milo, Millet, or Corn. Currently, all of the tillable acreage is in a crop rotation and is subject to tenant rights under a written $55 per tillable acre cash lease agreement. There are 14.81 acres currently enrolled in Grassland CRP paying $163 annually until 2035. Together the cash lease & CRP payment comes to a total of $12,848.20 annually which creates a return on investment of over 3.7% at asking price before taxes. Power runs along the maintained county road offering tons of possible opportunities including a potential building site. The property has well maintained county road frontage on multiple sides and is located in a great farming area. FSA information is available upon request. Seller's Owned Mineral Rights are included. Please contact the local Land Professional for questions or to schedule a showing.
Located Southwest of Chappell, NE
Mostly Prime Tillable Cropland
$12,848.20 Annual CRP & Cash Lease Income
Over 3.7% ROI Based on Asking Before Taxes
County Road Frontage on Multiple Sides
When purchasing a property listed by Great Plains Land Company, a Buyer's Broker, if applicable, must be identified on first contact and present at the initial showing of the property to participate in a real estate commission. If these conditions are not met, compensation if any will be at the sole discretion of Great Plains Land Company.
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