13 Highway U, Rayville, MO 64084

Price Reduced!! Picturesque 87 acres in Ray Co, MO, located on Hwy 13 north of Richmond, this farm has 72.5 tillable acres enrolled in CRP, a ¾ acre stocked pond, excellent asphalt road frontage, and 20 +/- acres of timber. The CRP contract has 8 years remaining at $191.30 per acre providing $13,867.34 of income per year! This is an ideal location where a landowner can hunt, fish, and build overlooking a gorgeous view next to the pond. The pond is positioned near the northwest corner where someone could have a nice drive off of Highway 13. The long-term appreciation would be excellent given the location and road frontage. Utilities include public water and electricity at the road giving you the ability to tie in where a new owner decides. From a farming perspective, there is an option to buy out the CRP contract and have a productive farm with 72.5 crop acres. There is an opportunity to clear out some of the brush and timber and expand the number of tillable acres to at least a 95% tillable farm. The soil on the tillable land is predominantly a mix of Class II and Class III soils and it is terraced on a portion of the farm. From the investor's standpoint, the annual income is guaranteed through the current CRP contract expiring in September of 2031. Hunting would include whitetail, turkey, quail, pheasant, and possibly waterfowl. We jumped a huge covey of quail taking photos and multiple whitetails have been taken on the farm. The annual return would increase as this would bring a strong hunting lease option and with the convenient blacktop access and multiple entry points, this farm will continue to become more valuable for potential development. It checks several boxes for any buyer looking to own a well-maintained investment and recreational farm with an option to build in a convenient location on Highway 13.