LA - Richland - Irrigated Farm Land

249 ac – Richland Parish Louisiana Farm Land for Sale - Middle Rd

West of Mangham, LA

  • Price: $998,500
  • Acres: 249
  • County/Parish: Richland
  • Agent: Ronnie Garrett
  • Phone: 318.235.5800
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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

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Property Description

 

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 road.
 
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.
 
Minerals: negotiable
 
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