588 acre Delta Farm

Panola County, Mississippi

CONTRACT PENDING

 

Price:                                                 $2,730,000 ($5,250 per tillable acre)

Total Acres:                                     +/- 577 acres

Cultivatable Acres:                        +/- 520 acres (90%)

Precision Leveled Acres:              +/- 458 acres (88%)

Irrigated Acres:                              +/- 363 acres (70%)

Irrigation:

·        New 5,000 GPM Diesel Pump lifting 15 feet from Little Tallahatchie River

·        New 12” underground pipe installed with manifold and risers for flow direction

·        All irrigation improvements being completed Spring 2021

Lease: 2021 Cash Rent

·        Irrigated Ground:     363 acres @ $200/acre

·        Dry Ground:              157 acres @ $150/acre

TOTAL:              $96,150

Soil Composition:

·        NCCPI Rating: 69.9

·        80% composed of Class 2 soil types

Crops Cultivated (2020):

·        Corn, Soybeans, Wheat, Peanuts

Crop Base Acreage:

·        Seed Cotton: 442.0 acres

·        Generic Base: 78.0 acres

          Real Estate Taxes:         Approx. $11.71/acre

 

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