Missouri | Milan | 78.8 Income Properties

This 78.8 m/l acre farm is located just five minutes North of Milan on hwy 5. The land is in a great location and will be 3-5 miles west of Sullivan County’s new 3500 acre lake project that will be going in within the near future. There is an old residence on the property that would make a great future homesite, already having utilities in place. This property has 64 m/l open acres, with 61.4 being enrolled in the CRP Program. The CRP acres are paying $92.00 per acre bringing in $5,648.80 per year until 2021. If wanted, the CRP contract could be bought out for $30,000.00 m/l. There are currently cash rent offers of $140.00-$160.00 per acre if the CRP contract were to be bought out. In addition, there is also the possibility of obtaining a $1,100.00 annual hunting lease payment.