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24,436 Acre Montana Wheat Farm - 00076

State: Montana
Angela Farms is a predominantly dryland winter wheat farm located in Eastern Montana. The farm has 23,156 contiguous deeded acres and 1,280 state leased acres. The cropland total acreage is 20,351 acres of this acreage 1,363 acres until 2010, 2,870 acres are in CRP until 2011, 935 acres until 2012. The crp payments for the current and 2010 years is $165,216, for 2011 is $121,760 and for 2012 is $29,920. The current projected income for crp and leased acreage for the 2010 year is $685,000. The current operator has leased the land through 2011 and is currently cropping 50% and summer fallowing 50%. Assuming the rent on farmed acres to be at $35/acre the farm would show a 6% return. The property includes all mineral, wind and water rights held by current owner. The farm is located approximately 30 miles NW of Miles City and 125 miles NE of Billings, Montana. All amounts and figures are to be considered as +/-. Asking Price $11,000,000.00 24,436 Acre Wheat Farm CRP Payments State Highway Access Grain Bins Contiguous Acres

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