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Subiect Property The subject property is a 640 gross acre irrigated field crop farm. The property has 630 net farmable (cropland) acres, a 3-acre farmstead
Subiect Property The subject property is a 640 gross acre irrigated field crop farm. The property has 630 net farmable (cropland) acres, a 3-acre farmstead that contains all buildings and 7 acres in non-productive land (farmroads, ditches and drains). Buildings insurable value is $240,000 Crops Production and Landlord Income Following are typical crops grown in the area, normal crop rotation, typical crop yields, forecasted prices, and typical sharecrop landlord rents. Crop Production Typical Crops Alfalfa Tomatoes Wheat Corn Normal Crop Typi Forecasted Landlord Rotation 50% 30% 10% 10% Yield/Acre 6.5 tons 4 tons 60 cwt 6 tons SToShare 21% 12% 30% 18% $150 $72 $170 $140 1 ton 2,000 lbs. 1 cwt-= 100 lbs Cash rent being paid for similar property in the area is stable at $205 per acre including consideration for buildings on the property. Income to owner-operator, sharecrop landlord and cash rent landlord includes consideration for use of buildings on the property
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