228 +/- ac irrigated farm for sale in Richland Parish, LA
This farm has 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.
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 itâ€™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: $900,600
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Call Pat Porter at 318.281.4900