Mostly Tillable Farm With High ROI

Description

Here is a great income producing farm, commonly known as Tract #3—40 Acres M/L. This farm is turn key and ready to produce results for the next owner. This farm has been owned, maintained, and farm operated by the same family for over a half-century. This farm provides an excellent return on investment and has the potential to be highly productive, with the 2018 soybean crop averaging 72 bushels. There are excellent locations to build a home that have paved road frontage. This property is located in northeastern Morgan County, 10 minutes southwest of Ashland. There are also six additional farm and recreational/hunting tracts contiguous to this one that are available. Showings are by appointment only. Please call the Listing Agent for more information.

Property Details

  • 30 minutes west of Springfield
  • 20 minutes northeast of Jacksonville
  • 10 minutes southwest of Ashland
  • Tract #3—40 m/l acres with additional tracts available
  • 32 m/l acres of cropland with 72 bushel soybean average in 2018
  • Over 50% of soil has a productivity index (pi) of 119 with overall average 106.9 (Agridata 2019)
  • Predominantly well-drained soil
  • Potential annual cash rent income of $8,000
  • Farming rights open for 2020 season
  • Farm is accessible with field entrances from Jurgens and Literberry Prentice roads
  • 2 local grain markets within 5-10 minutes of the farm
  • Excellent building locations with paved road frontage access from Jurgens and Literberry Prentice roads
  • Rural water and utilities available at the road
  • Taxes tbd

Literberry Prentice Road, Lot #WP001
Ashland, Illinois 62612