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21173890
21173889

Monroe Farm, Monroe, AR 72021

Lile Real Estate
Lile Real Estate
Listed by Lile Real Estate
$1,669,495
531 days on market
Updated 43 days ago

Monroe Farm

Details
APN 0001-00089-000; 0001-00059-000; 0001-00117-000; 0001-00136-000
Property Type Land
Sub Type Agricultural, Farm
Price Per Acre $4,750
Acreage 307.000

Land | 307 acres

Marketing description

The Monroe Farm consists of approximately 307± acres, in three (3) non-contiguous tracts, located in Monroe County, Arkansas just east of the community of Monroe. The Farm Service Agency office reports a total of 282.59± cropland acres that are all irrigated, with the exception of 34.3± acres. The irrigation infrastructure consists of six (6) electric submersible wells and a network of underground pipe.

The tillable acreage has a historical crop rotation of rice and soybeans and is leased to J and B Farms Partnership on a crop share through a written lease that expires on December 31st, 2026. The crop share is 75 / 25 with the landowner being responsible for 25% of the fertilizer expense. The west tract has good access from Arkansas State Highway 79 & Smale Road, the north tract has good access from Arkansas State Highways 79 & 39, and the east tract is accessed from both Arkansas State Highway 39 & Minnow Farm Road.

Listing Contacts

Lile Real Estate
Lile Real Estate
Listed by Lile Real Estate

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