288 Acres of Cropland/CRP

Tallahatchie County, MS

Property:

Property Consists of 288+/- acres in 2 closely located tracts. This property is a mixture of 188.99 acres of cropland and 69.85 acres of CRP. The CRP hardwood is 16 years old. Approximately 86.5 acres of the cropland is irrigated by an electric well. This well also helps supply supplemntal water to the duck hunting areas. The CRP offers excellent deer hunting. The property borders the Tallahatchie National Wildlife Refuge.

Location:

Property is located in Sections 15, 22, Township 22 North, Range 1 East in Tallahatchie County 1 miles east of Phillip, MS with frontage on Tippo Road and Hwy. 8. Coordinates 33.755122,-90.17316341.

Crop Base:

Wheat: .20 acres, Corn: .3 acres, Soybeans: 74.9 acres, Cotton: 13.04 acres, Generic: 3.46 acres, Rice: 22.40 acres, Sorghum 6.20 acres.

Improvements:

1 electric irrigation well, 3 bedroom 1 bathroom house, 40’x50′ shed, cargo storage container

Projected Income: $45,700

Cropland Rent: $11,500, Hunting Lease: $20,000, CRP Payments: $6,000 present CPR payments, $8,200 for 82 additional acres to be inrolled on 9/30/25.

$1,550,000