249 +/- ac irrigated farm for sale in Richland Parish, LA
This farm has approx. 233 crop acres per FSA information with approx. 188.5 acres under furrow irrigation. The remaining acres are in ditches and a wooded
area. It has 3 electric, submersible wells located at the south, north, and west sides with multiple risers.
Note: Current lease rate is based on 188.5 acres.
The farm has blacktop road frontage on 3 sides. The soils are primarily a Gigger-gilbert silt loam (40.1%) and a Gilbert-silt loam (31.1%). A soil map
is available on the RecLand site.
There is a 2 +/- ac portion along the north end (Gandy Road) that would be suitable for a homesite or an equipment shed. Utilities are available along
The farm is under a 5 year lease with a well-known operator that is set to end/renew in November 2019. Rents are currently at a cash level that would provide
just over 3% gross return at the asking price. The lease allows for a crop share payment if it’s greater than the cash rent minimum.
Location: Situated along the east side of Middle road and along the south side of Gandy road and along the north side of Hwy 576, west of Mangham, LA
Legal Description: Situated in Section 19, T15N, R7E, Richland Parish, LA
Asking Price: $998,500
+ Call Ronnie Garrett on 318.235.5800 or see www.RecLand.net for all our listings