This is a solid investment property in a desirable and convenient location that lays well, has good soils, and road frontage on two sides providing several options for a new owner. This 80 acre parcel contains 67.58 acres in CRP providing $8,978 through 09-30-2024. This would be a good property to expand a current farm operation after CRP expiration, an investment purchase, or a potential build site.
From an investor standpoint, this tract has a 2.91% ROI prior to a hunting lease. The CRP rate is $132.85 which is significantly below the average crop cash rent for the local region. The majority of the farm is 2-9% slope and is a mix of Class II and Class III. This farm would steadily provide near a 3% ROI until CRP expiration, and then it would be realistic to expect the return to increase significantly beginning in 2025. This property also is a good investment purchase due to the rapidly appreciating location of the farm. Only ¾ mile east of Hwy 69 and 2 miles north of Hwy 116, this farm is 45 minutes from Kansas City! With road ¾ mile of road frontage on two sides, it has excellent access and it is also a prime candidate for subdividing if a new owner ever desired to do so.
The CP1 CRP provides wildlife cover, looks excellent, and is putting nutrients back into the soil. The property was loaded with deer beds throughout the dense CRP cover. This farm would also be a good build option with access and several build site locations.