Very Rare Highly Productive Tillable Farm of 481 Acres

Price: $2,477,150
Acreage: 481
County: Coffey
State: Kansas

Price Per Acre

$5,150.00 per acre

Property Description

Midwest Land Group is proud to present this very rare, highly tillable farm of 481 acres of Class II and III Fertile Neosho River bottom crop ground. Located in southern Coffey County just 2 miles off of Highway 58 sits this 481 acre farm of rich Neosho bottom ground tillable. Of 481 surveyed acres there are 458.31 that are in tillable production and currently have a strong cash rent agreement with a very reliable and topnotch tenant.

The 2022 crop is currently planted with a healthy stand of soybeans. The soil consists of 291 acres of class II Verdigris silt loam, Osage silty clay, and Lanton silty clay loam, along with 190 acres of class III Osage Silty clay, they will be sure to produce above-average yields year after year. This particular tract is far enough away from the Neosho River that you won’t have to worry about flooding but close enough to have rich soils. This spring the current tenant applied 2.5 tons of lime per acre and spent $10,000 to improve the drainages to make this a top-notch tillable farm and help improve production.

After row crops are harvested the superb no-till tenant typically plants a cover crop to improve the farm and soil. Cover crops improve the quality of the soil, stability, nutrient retention, decrease soil loss and runoff, and fights erosion. The current tenant is consistently improving the quality of this tract.

Property Features

  • 2.4% ROI at list
  • $140/acre cash rent
  • 481.23 surveyed acres
  • 458.31 acres of tillable per FSA
  • 291 acres of class II tillable
  • 190 acres of class III tillable
  • Soybean yields year to year average in the 50s
  • Corn yield year-to-year average in the 150s
  • Over $35,000 in improvements in 2022
  • All mineral rights intact
  • 94 miles to Overland Park
  • 20 miles to Burlington
  • 113 miles to Wichita

Property Address

00000 1st Road, Leroy, KS