Banks, MS 38664 - Tunica County

Description:

The Banks Farm is a well-located, high-quality rice and soybean farm in north Tunica County. It is situated in a very desirable farming area with excellent underground irrigation water. The farm consists of an 832-acre contiguous tract with 755.08 cultivated acres. Most of the farm is contour irrigated with 62.5 acres of precision leveled land.

Location:

The property is located in northern Tunica County, Mississippi at Banks, MS approximately ten miles northeast of Tunica and thirty miles south of Memphis. The farm has excellent access with one mile of road frontage along US Interstate 69 and 0.75-miles frontage on Mississippi Highway 3. US Highway 61 is 2.5 miles west. There are several chemical and fertilizer outlets, equipment and parts dealers, and grain elevators nearby.

Acreage:

832 tax assessed acres and 755.08 FSA cropland acres. There are 659 acres contour irrigated, and 62.5 precision leveled acres irrigated by three wells. Only the rice crops have been irrigated on the contour irrigated land.

Soils:

The soil type is all Sharky clay which is suitable for growing corn, rice, and soybeans. The farm has a long history of rice and soybean production.

Improvements:

A pole shed no value.

Asking Price:

$4,530,480

Lease:

The farm is owner operated, and the seller would like to lease it back.

Posssession:

At closing.

Showing:

Showing by appointment only. To request showing or more information contact Gwin or Shelby using contact information below.

Disclaimer:

The Farmland Group, LLC is the exclusive agent for the property herein. This brochure and all information contained herein is believed to be correct; however, we make no guarantee as to its accuracy. Prospective buyers are urged to inspect the property and perform their own independent due diligence. The Farmland Group, LLC and its agents assume no liability as to errors, omissions, or investment results.