Avalon, MS 38917 - Leflore County

Description

The Lishman Farm is a well-located, cotton, corn and soybean farm in northeast Leflore County, Mississippi. It is situated in a very desirable farming and hunting community with very good external and internal access, good underground irrigation water and excellent soils. The farm consists of a 443-acre contiguous tract with 276.88 acres of cropland and 166.22 in woods and roads. The total acres were determined from the Leflore County tax records; however, a property survey is being prepared and will be completed in a few weeks or less. The farm needs a little TLC but has the ability to be a really nice combination farm.

Location

The property is located in northeast Leflore County near Avalon, approximately twelve miles northeast of Greenwood and twenty-one miles southeast of Grenada. The farm has good access with a county gravel road through the farm and on the west boundary. It is two miles west of Mississippi Highway 7. There are chemical and fertilizer outlets, equipment and parts dealers, cotton gins and grain elevators nearby.

Acreage

There are 443 tax assessed acres and 267.88 FSA cropland acres. The topography is level to slightly undulating. The cropland is all in one block as is the wooded land. The timber land is all located along the Yalobusha River on the east side of the farm. According to the farm tenant, the property has good duck and deer hunting and sometimes turkeys. This is an excellent cropland and recreational opportunity.

Soils

The soils are excellent with 75% Class 1 and 2 Dubbs and Dundee loans and silt loams. The balance is Tensas Silty Clay Loam which is suitable for growing corn, cotton, wheat, and soybeans. The NCCPI is 85 which is very strong. The farm has been in soybean production for the past four years.

Improvements

There is a 1,150 foot valley center pivot irrigation system covering 95 acres. It is owned by the farm tenant. He would like to sell the entire system to the buyer of the farm. (pivot, power unit and well pump). He would also like to continue leasing the farm.

Offering Price

$2,600,000 or $5,869 per acre.

Lease

The farm and duck hunting land are leased on two separate leases to a farmer and a hunter.

Possession

At closing subject to 2025 leases.

Showing

Showing by appointment only. To request showing or more information contact Gwin or Shelby using contact information below.

Disclaimer

The Farmland Group, LLC is the exclusive agent for the property herein. This brochure and all information contained herein is believed to be correct; however, we make no guarantee as to its accuracy. Prospective buyers are urged to inspect the property and perform their own independent due diligence. The Farmland Group, LLC and its agents assume no liability as to errors, omissions, or investment results.