640 Acres for sale in Clay County
This 1 square mile farm of approximately 640 acres M/L is located in the Bloom Township of Clay County approximately 2.5 miles west of Morganville Kansas. The intersection of 23rd road and Frontier Road is the southwest corner of the farm. The farm has blacktop road frontage on the west and south sides, and gravel roads on the north and east side. This section has 298.65 acres of cropland, 318.74 acres of native grass pasture with the balance of acres in tree’s, waterways and wildlife habitat. There are 3 good ponds on the property. Good fences are in place. This is not a hunting property. This is an investment grade property. This property will provide a safe 3 – 3.5% annual return on investment from the rental of the cropland and pasture. Higher returns on this property are possible as well as the future appreciation of the property. It is a higher rate of return than I was quoted at the bank yesterday ( 2/24/09 ) regarding CD’s.