370,000
  • N/A bedroom
  • N/A baths
  • N/A sqft

, Hanover Twp, KS 67481

Overview

Embrace the vast potential of agricultural land in the heart of Kansas with this 162.2-acre property located in Lincoln County. It has very nice brome grass that is already turning green! It is a 13 minute drive north east of Lucas Kansas. Dedicated exclusively to agriculture, this prime piece of real estate is predominantly classified as dry cropland. The land is currently leased right now and the lessee has the right to the land until the end of milo season, but is willing to renew his lease with the new owner. Tenant is willing to pay $60/ac on tillable land and $20/ac on the grassland. 60 acres of brome hay yields 30 tons, potentially earning over $3,900, assuming a price of $130 per ton. This land used to get 50 bushel per acre wheat yearly, so roughly 5000 bushels at 4.72 a bushel (price based on 3/11 closing price) would be $23,600 per year on the cropland.

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Description

Embrace the vast potential of agricultural land in the heart of Kansas with this 162.2-acre property located in Lincoln County. It has very nice brome grass that is already turning green! It is a 13 minute drive north east of Lucas Kansas. Dedicated exclusively to agriculture, this prime piece of real estate is predominantly classified as dry cropland. The land is currently leased right now and the lessee has the right to the land until the end of milo season, but is willing to renew his lease with the new owner. Tenant is willing to pay $60/ac on tillable land and $20/ac on the grassland. 60 acres of brome hay yields 30 tons, potentially earning over $3,900, assuming a price of $130 per ton. This land used to get 50 bushel per acre wheat yearly, so roughly 5000 bushels at 4.72 a bushel (price based on 3/11 closing price) would be $23,600 per year on the cropland.

Map

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