Elgin Plantation.pdf

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offered for sale

elgin plantation

An agricultural and recreational investment opportunity. 471 (+/-) total acres • Jackson County, Arkansas offered by

DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.

vicinity map

subject property

property summary Description:

The Elgin Plantation is an agricultural, investment opportunity, which consists of two tracts totaling 471 (+/-) acres. The farm is located in Jackson County in northeast Arkansas and was established in 1842. 93% of the land on both tracts is tillable farmland and both tracts are easily accessed via Arkansas Highway 37. The property is situated in a prime waterfowl flyway, which provides additional value in the form of recreational duck hunting. This farm offerd for sale at an asking price of $1,177,500.00 (2,500.00 per acre).

Location: Elgin, Arkansas; Jackson County; Northeast Region of Arkansas Mileage Chart Newport, AR 13 miles Batesville, AR 31 miles Little Rock, AR 108 miles Memphis, TN 110 miles Access:



Acreage:

Access is via Arkansas Highway 37 and interior farm roads. 471 (+/-) Total Acres

West Tract: 271 (+/-) acres Acreage Breakdown - Tract 1 251 (+/-) acres (93%) in tillable farmland 20 (+/-) acres (7%) in ditches, roads, and other East Tract: 200 (+/-) acres Acreage Breakdown - Tract 2 186 (+/-) acres (93%) in tillable farmland 14 (+/-) acres (7%) in ditches, roads, and other Improvements:

West Tract - House/lodge site with electricity and well

Irrigation:

East Tract - 1 well (12”) with gearhead

South Tract - 2 wells without pumps - 1 well (12”) with gearhead Both

tracts are permitted to add as many wells as needed.

Farm Bases: West Tract Crop Wheat Long Rice Medium Rice Soybeans Total Base Acres

FSA No. 1030 Tract No. 1599 Base Acres

224.2 114.2 10.9 319.2 668.5

Direct Yield

32 3,571 3,571 18

CC Yield

49 4,431 4,431 22

Direct Payment:

$13,957.00 (estimated)

Farm Lease:

There is an annual lease in place with the farm tenant at a 75/25 crop share for 2011.

Real Estate Taxes: $1,662.00 (estimated) Wtr/Min Rights:

Any and all owned by Seller shall transfer to Buyer.

Recreation:

Duck hunting

Offering Price:

$1,177,500.00 ($2,500.00 per acre)

Contact:

Any questions concerning this offering or to schedule a property tour should be directed to Joel Whicker (mobile: 501-658-0658) or Gar Lile (mobile: 501-920-7015) of Lile Real Estate, Inc.

plat map

aerial view

- west tract

aerial view

- east tract

topographic map

91° 18' 41''

91° 17' 27''

Farmland Classification—Jackson County, Arkansas

652800

653100

653400

653700

654000

654300 35° 46' 6''

3959400

3959400

35° 46' 7''

3959100 3958800

3958800

Fo

3959100

DvU

3958500

B eU

3958500

DvU

3958200

3958200

BoA

3957900

3957900

BoU BoU Fo

BeU

3957300

BoA

3957300

Fo

3957600

3957600

BeU

35° 44' 46''

35° 44' 45'' 653100

653400

653700

Map Scale: 1:12,000 if printed on A size (8.5" x 11") sheet.

0 0

100 450

Natural Resources Conservation Service

200

400 900

Meters 600 1,800

Feet 2,700

Web Soil Survey National Cooperative Soil Survey

654000

654300 91° 17' 28''

91° 18' 42''

652800

5/18/2011 Page 1 of 3

Farmland Classification–Jackson County, Arkansas

Farmland Classification Farmland Classification— Summary by Map Unit — Jackson County, Arkansas Map unit symbol

Map unit name

Rating

Acres in AOI

Percent of AOI

BeU

Beulah fine sandy loam, undulating

All areas are prime farmland

19.2

6.7%

BoA

Bosket fine sandy loam, 0 to 1 percent slopes

All areas are prime farmland

153.8

53.4%

BoU

Bosket fine sandy loam, undulating

All areas are prime farmland

106.9

37.1%

DvU

Dundee silt loam, undulating

All areas are prime farmland

0.2

0.1%

Fo

Forestdale silty clay loam

Prime farmland if drained and either protected from flooding or not frequently flooded during the growing season

7.8

2.7%

287.9

100.0%

Totals for Area of Interest

Description Farmland classification identifies map units as prime farmland, farmland of statewide importance, farmland of local importance, or unique farmland. It identifies the location and extent of the soils that are best suited to food, feed, fiber, forage, and oilseed crops. NRCS policy and procedures on prime and unique farmlands are published in the "Federal Register," Vol. 43, No. 21, January 31, 1978.

Rating Options FarmlandNo Classification–Lafayette, Little River, and Miller Counties, Arkansas Aggregation Method: Aggregation Necessary

Tie-break Rule: Lower

MAP LEGEND Area of Interest (AOI) Area of Interest (AOI) Soils Soil Map Units Soil Ratings Not prime farmland All areas are prime farmland Prime farmland if drained Prime farmland if protected from flooding or not frequently flooded during the growing season Prime farmland if irrigated Prime farmland if drained and either protected from flooding or not frequently flooded during the growing season Prime farmland if irrigated and drained

Natural PrimeResources farmland if irrigated and either protected from Conservation Service

flooding or not frequently flooded during the growing season

MAP INFORMATION

Prime farmland if subsoiled, completely removing the root inhibiting soil layer Prime farmland if irrigated and the product of I (soil erodibility) x C (climate factor) does not exceed 60

US Routes

Map Scale: 1:13,200 if printed on A size (8.5" × 11") sheet.

Major Roads

The soil surveys that comprise your AOI were mapped at 1:20,000.

Local Roads

Prime farmland if irrigated and reclaimed of excess salts and sodium Farmland of statewide importance Farmland of local importance

Please rely on the bar scale on each map sheet for accurate map measurements. Source of Map: Natural Resources Conservation Service Web Soil Survey URL: http://websoilsurvey.nrcs.usda.gov Coordinate System: UTM Zone 15N NAD83 This product is generated from the USDA-NRCS certified data as of the version date(s) listed below.

Farmland of unique importance

Soil Survey Area: Lafayette, Little River, and Miller Counties, Arkansas Survey Area Data: Version 9, Dec 2, 2008

Not rated or not available

Date(s) aerial images were photographed:

Political Features Cities Water Features Oceans Streams and Canals Transportation Rails Interstate Highways

2000

The orthophoto or other base map on which the soil lines were compiled and digitized probably differs from the background imagery displayed on these maps. As a result, some minor shifting of map unit boundaries may be evident.

Web Soil Survey National Cooperative Soil Survey

5/18/2011 Page 3 of 3

35° 45' 34''

35° 44' 52''

91° 17' 3'' 91° 17' 4''

655200

655200

Fm

Pa

655400

U

BeU

655600

BoU

655600

BoA

200 1,000

400

656000

656000

656200

BoA

656200

Feet 3,000

656400

BoU

656400

656600

BeU

656600

656800

BoU

656800

91° 15' 48''

5/18/2011 Page 1 of 3

91° 15' 49''

Farmland Classification—Jackson County, Arkansas

655800

Pa

655800

2,000

Meters 600

BeU

500

Main Ditch

Web Soil Survey National Cooperative Soil Survey

3958600

3958400

3958200

3958000

3957800

3957600

3957400

Fc

Be

655400

100

Map Scale: 1:9,050 if printed on A size (8.5" x 11") sheet.

0 0

Natural Resources Conservation Service

Main Ditch

3958600 3958400 3958200 3958000 3957800 3957600 3957400

Petro Rd

35° 45' 32''

35° 44' 51''

Farmland Classification–Jackson County, Arkansas

Farmland Classification Farmland Classification— Summary by Map Unit — Jackson County, Arkansas Map unit symbol

Map unit name

Rating

Acres in AOI

Percent of AOI

BeU

Beulah fine sandy loam, undulating All areas are prime farmland

34.4

18.1%

BoA

Bosket fine sandy loam, 0 to 1 percent slopes

All areas are prime farmland

18.5

9.7%

BoU

Bosket fine sandy loam, undulating All areas are prime farmland

43.9

23.1%

Fc

Foley-Calhoun complex

Not prime farmland

32.6

17.2%

Fm

Foley-Calhoun-McCrory complex

Not prime farmland

0.7

0.4%

Pa

Patterson fine sandy loam

All areas are prime farmland

59.7

31.4%

189.9

100.0%

Totals for Area of Interest

Description Farmland classification identifies map units as prime farmland, farmland of statewide importance, farmland of local importance, or unique farmland. It identifies the location and extent of the soils that are best suited to food, feed, fiber, forage, and oilseed crops. NRCS policy and procedures on prime and unique farmlands are published in the "Federal Register," Vol. 43, No. 21, January 31, 1978.

Rating Options Aggregation Method: No Aggregation Necessary Tie-break Rule: Lower Farmland Classification–Lafayette, Little River, and Miller Counties, Arkansas

MAP LEGEND Area of Interest (AOI) Area of Interest (AOI) Soils Soil Map Units Soil Ratings Not prime farmland All areas are prime farmland Prime farmland if drained Prime farmland if protected from flooding or not frequently flooded during the growing season Prime farmland if irrigated Prime farmland if drained and either protected from flooding or not frequently flooded during the growing season Prime farmland if irrigated and drained

Natural PrimeResources farmland if irrigated and either protected from Conservation Service

flooding or not frequently flooded during the growing season

MAP INFORMATION

Prime farmland if subsoiled, completely removing the root inhibiting soil layer Prime farmland if irrigated and the product of I (soil erodibility) x C (climate factor) does not exceed 60

US Routes

Map Scale: 1:13,200 if printed on A size (8.5" × 11") sheet.

Major Roads

The soil surveys that comprise your AOI were mapped at 1:20,000.

Local Roads

Prime farmland if irrigated and reclaimed of excess salts and sodium Farmland of statewide importance Farmland of local importance

Please rely on the bar scale on each map sheet for accurate map measurements. Source of Map: Natural Resources Conservation Service Web Soil Survey URL: http://websoilsurvey.nrcs.usda.gov Coordinate System: UTM Zone 15N NAD83 This product is generated from the USDA-NRCS certified data as of the version date(s) listed below.

Farmland of unique importance

Soil Survey Area: Lafayette, Little River, and Miller Counties, Arkansas Survey Area Data: Version 9, Dec 2, 2008

Not rated or not available

Date(s) aerial images were photographed:

Political Features Cities Water Features Oceans Streams and Canals Transportation Rails Interstate Highways

2000

The orthophoto or other base map on which the soil lines were compiled and digitized probably differs from the background imagery displayed on these maps. As a result, some minor shifting of map unit boundaries may be evident.

Web Soil Survey National Cooperative Soil Survey

5/18/2011 Page 3 of 3

notes