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Stonewall Plantation Pending

$12,750,000 Sold
  • Acreage: 2674 Acres
  • Type: Cropland

Description

Description:

Stonewall Plantation is a highly productive investment grade Mississippi Delta farm. It is very well located just northwest of Thornton, MS along the north bank of Bee Lake. The farm has excellent access along Bee Lake Road, a public asphalt road, bisecting the length of the property. Additionally, Quafaloma Road splits the northern portion of the farm. Roughly, 73% of the farmed acreage is irrigated with 49% being watered down the row and 24% pivot irrigated.  27% is non-irrigated, but at least 150 acres could be efficiently irrigated with land leveling and additional irrigation wells.   Most of the balance of the non-irrigated acres are small fields along Bee Lake and Tchula Lake as well as the pivot corners. The farm has 3 irrigation wells supporting 3 center pivots and a diesel powered permanent re-lift station along Bee Lake. There are 3 electric irrigation wells along the south side of Bee Lake Road and 7 portable re-lift stations with 6 being equipped with underground pipe to risers in the fields. There is three phase electricity along the roads to support additional electric wells.

The soils consist of 43.8% Class II Dubbs, Dundee and Collins silt loams. The balance is in Class III Alligator, Forestdale and Dowling silty clays and clays. The heavier soils are mostly silty clays that are very well suited for corn, cotton, and soybeans. The farm has a long history of cotton production, but over the last few years corn and soybeans have been the primary crops. The soils on this farm are some of the best in the Mississippi Delta.

Location:

Stonewall Plantation is 35 miles south of Greenwood, MS along US. Highway 49 East in the south Mississippi Delta in Holmes and Humphreys Counties.  Jackson, the State Capitol, is 65 miles southeast.   The property is one-mile northwest of Thornton, 15 miles northeast of Yazoo City and 10 miles northwest of Belzoni. It is in the heart of the lower Mississippi Delta and is very well located for farming, hunting and recreation.

Acreage:

  • 2,673.7 based on county tax records less estimated acres being retained by seller
  • 2,428.04 FSA Cropland Acres
  • 1,775 Irrigated Acres
  • 1191 Furrow Irrigated Acres
  • 584 Pivot Irrigated Acres

USDA Crop Base

  • Generic 1,693.2 acres at 975 lb
  • Corn 219.9 acres at 159 bu
  • Sunflowers 3.1 acres 660 lb
  • Soybeans 441.6 acres at 38 bu

Lease:

The farm is leased for $200/cropland acre through 2019.  ½ Due March 15 and ½ Due October 15.   

 

 

Taxes:

$61,842

Improvements:

Three center pivots, 4 diesel wells and 3 electric wells.  Several thousand feet of underground pipe and risers.  Bee Lake re-lift stations are set to connect to underground pipe and risers in the fields.  Small shop and grain bin.

Sales Price:

  • $5,250 per cropland acre.
  • Final acreage totals to be determined upon survey completion.
  • Estimated at $12,750,000

Financing:

Rutledge Investment Company provides competitive financing on farm properties.

Showing:

By appointment only.

For appointment please contact:
Gwin Smith, Stephen Rainer, and Shelby Smith
5160 Sanderlin Avenue, Suite One
Memphis, TN 38117
(901) 766-9041
gwin@rutledgeinvestment.com
stephen@rutledgeinvestment.com
shelby@rutledgeinvestment.com 

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