No comparable farms are known to be on the market in the Delta at this time
Denver, Colo. (PRWEB) August 15, 2012
While most of the Corn Belt is in the grip of one of the worst droughts in modern times, experts say some Arkansas cropland has been fairing much better, and irrigated farmland in the state has been especially resilient this Summer.
According to the University of Arkansas Division of Agriculture, the state’s corn crop is in much better shape than the rest of the nation. However, because of the rough weather conditions during the growing season this year, land sales have been scarce as of late due to a dramatic increase in commodity prices.
“Some smaller tracts have sold in the state have sold for $6,000 to $7,000 an acre, but without the same return on investment as we have seen in prior years,” said Linda Niebur, national director of farms for United Country Real Estate and broker associate with United Country – Mason & Morse Farm Ranch Company.
Investments on Arkansas agriculture properties have shown a 3.5 to 4.5 percent in the past, usually on crop share rental structures.
“The highest known per-acre transaction for a large tract traded in 2011 provided a projected 3.8% return on a crop share rent,” said Niebur. “Few, if any, large as sales have provided the level of crop diversity buyers are looking for.”
Some properties stand out among the rough conditions, such as a 1,620-acre grain farm in the Delta, which the farmer will lease back offering a solid five-percent return. For more detailed information and a series of agricultural news articles go to http://www.investinginfarmland.com.
“This farm is located only 10 miles from another farm for sale that consist of 1,560 acres making this opportunity even more beneficial for an investor or a large farmer wanting to expand,” said Bart Miller, managing broker with United Country – Mason & Morse Farm Ranch Company. “No comparable farms are known to be on the market in the Delta at this time.”
About United Country – Mason & Morse Farm Ranch Company
“Ranches Farms Land Sales” – http://www.ranchland.com, affiliate of United Country Real Estate, is a leading provider of farms, ranch, timber brokerage services across the western United States. Founded in 1998, in Colorado, the company specializes in the sale of quality farms, premier ranches and recreational land across the western United States. Combined, Mason & Morse Farm Ranch Company agents offer their clients more than 133 years of experience in farm, ranch and recreational real estate sales. Recently recognized by The Land Report as one of America’s Top Brokerages. “Spring Edition - 2012 Featuring America’s Top Brokerages.”
Mason & Morse Farm Ranch Company - affiliate of United Country - is separately owned and operated from Mason Morse Real Estate of Aspen, Colo.
About United Country
United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Central America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,000 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs with national distribution , an extensive buyer database and national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.