Detailed Description
These 9 quarters of grain land are a great package for an investor or farmer. Although most of the land is in grain production there are 90 hay acres. There is a lease on 3 of the quarters that expires at the end of 2022 and a separate lease on the other 6 quarters that expires at the end of 2023. The total rental income for all 9 quarters is $67,287.50 (including GST) for the 2022 cropping season. The rent on the 6 quarters increases in 2023. This is approximately 3.5% of the listing price making it a great return on investment! There is excellent road access to the land. There are 2 2500 bushel grain storage bins on cement floors that are included in the sale.