Arkansas Farmland Auction

Land Description

An undivided 60% interest in 955.40+/- acres rice, corn, and soybean irrigated farm will be sold at public auction at 10am CST on October 17th2019 in Jonesboro, Ar.

This prime farmland tract has been owned by the Cloinger family for generations and they have decided it is time to retire. The property is primarily in rice, corn, and soybeans with approximately 87 acres in CRP and 67 acres in timber. The tracts have a total of 11 deep irrigation capabilities of the farmland tracts having irrigation capabilities. Some lasered and some row fall. The farm is located in a great duck hunting and agricultural area just a few miles northwest of Jonesboro, AR near the town of Bono, AR. All tracts have great access, either by highway frontage, or county road. The tracts are located in Craighead, Lawrence, and Greene counties, but are within a 7-mile radius. Each tract has irrigation. Great duck hunting potential for lease blinds.

Tract Descriptions:

Tract 1:423.7+/- acres on HWY 63 Bypass, 4 irrigation wells, highway frontage, Craighead County.

Tract 2:68.39+/- acres on HWY 63, 1 irrigation well, Craighead County.

Tract 3: 120.45+/- acres on County Rd 159. 1 owned irrigation well and 1 shared well, Craighead County.

Tract 4:121.96/- acres on County Rd 398, 1 irrigation well (12”) new well, Craighead County.

Tract 5:38.85+/- acres CRP on County Rd 150. In 2ndyear of 15 year contract. $86.00 per acre

Tract 6:102.42+/- acres on HWY 63 Lawrence County at Sedqwick, 1 irrigation well.

Tract 7: 122.76+/- acres on HWY 228 at Sedqwick, 46.9+/- acres in Crp. $86.00 per acre and balance in woodland which is unencumbered. This tract has deer and ducks. Greene County.

Tract 8:1.08+/- acre commercial lot on HWY 63 in Bono, Ar.

Tract 9: Tracts 1-7 combined.

NOTES:Tenant is an undivided interest owner in the property. Current lease is verbal, year to year.

Rents are: 33.3% on Rice

25.0% on Soybeans, Corn

Landlord receives share in government payments. Landlord shares in fertilizer

and chemical cost.

15% soybeans, 20% rice

Cloinger Farms LLC owns 3 of the diesel power units that will convey with their interest.

Mineral Interest- Minerals do not convey.

Current Total Taxes- 9,147.05 for all 3 counties.

TOTAL Taxable Acres - 955.40+/-

Total FSA Farmable Acres - 929.31+/-

Total Mapped Acres - 999.43+/-

At closing final acres will be adjusted by the closing attorney as per the actual deeded acres found in the title opinion and abstract. Buyer will purchase and close according to this final acreage figure.

Please see the terms tab for terms and conditions.

Please see our live interactive mapping below or the documents tab for printable maps.

Auction Location: Hilton Garden Inn, 2840 S Caraway Rd, Jonesboro, AR 72401

Broker: Joe Wilson, Wilson Auctioneers Inc.