McGee 480 acres Grain Farmland

Description

This land is located 3.2 km. west of McGee on HWY #7 and approximately 15 km south on the grid. The land consists of clay soils to loams. It will produce oilseeds, pulses, cereals and forages. It is currently leased out for 2024, 2025, and 2026 for cash. Rental is paid half in spring and half in the fall. It is currently grossing approximately 4%. There isn't much land in West Central Saskatchewan that can be bought with that return. The lease must be taken over. Farmland & Price Summary 3 parcels 480 title acres (ISC) SAMA Information 480 total acres 416 cultivated acres 64 wetland/bush acres $474,100 total 2021 assessed value (AV) $158,033 average assessment per 160 acres 42.4 soil final rating (weighted average) $950,000 Farmland Price $1,978 per title acre (ISC) $2,284 per cultivated acre (SAMA) 2.00 times the 2021 assessed value (P/AV multiple)

Listing courtesy of Hammond Realty