Location: The Mary Smith farm is located 4 miles west of Parkin, Arkansas, and 35 miles Northwest of Memphis, Tennessee. Acres: The farm contains 502 farmland acres and 420. 7 tillable acres with 51.5 acres of CRP that pays $80.60 per acre per year.
Payment: $13,939 $1,723 $1,736 Total - $17,398 CRPPmt.$ 4,151 Total Pmts.$21,549
Improvements: 30 x 50 shop, 4 wells with risers and underground pipe.
Soils: The soils are Earle Clay and Alligator Clay. These soils are highly productive if well drained and they have irrigation.
Lease: The farm is currently leased for $75 per tillable acre for a lease total of $31,553. When the CRP is included the lease total is $36,704, which is $87 per tillable acre and a farmland total of $73 per acre.
Price: $1385 per acre or $695,000
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