Rare Farm And Land Investment Opportunity In Northeast Arkansas

Descriptions

PropertyOverview: This is a rare opportunity to own part or the entire farm that has been owned by the same family for over 100 years! Ms. Joy Ledbetter, through her trust, gifted the Ledbetter Farm to the Southern Baptist Foundation which will support both national and international missions. The Foundation has commissioned Glaub Farm Management and Hendrix Auction & Realty to sell this Arkansas farmland by auction on July 12, 2023 at 10:00AM CST. Bidding will be live at the Jonesboro Hilton Garden Inn and online.

The Ledbetter farm is located approximately 18 miles west of Jonesboro, AR in Craighead County. The farm consists of 2,146.66+-/- total surveyed acres with 1,970.16 FSA cropland acres. Approximately 1,300+/- acres are currently irrigatable and have a history of producing rice, soybeans, corn, wheat, and sorghum.

In addition to cropland, this property has a variety of current and potential uses. As the new owner, you can duck hunt along the Cache River flyway, dove hunt, deer hunt and create spacious food plots and resting spots. Part of this property could be an ideal recreation, home site, hobby farm, horse or cattle ranch. Part of the farm may also fit a solar lease as a 171 kV transmission line runs through part of the farm. With the variety of attributes, the possibilities are numerous.

The farm will be auctioned in up to seven (7) tracts, each with its own distinctive features. Bidders may come in person to bid or sign up to bid online. Bidders will have the option to purchase the entire property, individual tracts, or any combination of tracts that best suit their needs. Whether you're looking for a smaller parcel or the entire farm, there are options available.

See packet and GFM's website for more details.