369 Acres South Phillips County, Malta, MT 59538

CRP Acres Investment Property previous Organic Farm Ground

Investment Opportunity with Reasonable Rate of Return previously Organic Farm Ground Are you looking for an affordable investment opportunity with very little input and reasonable rate of return? Farm ground is in demand and this 369+/- acre parcel, previously organically farmed, just went into CRP in 2023. The 10-year CRP contract expires in 2033 and applies to the 322+/- previously cropped acres at a rate of $32.79/acre, for a total annual payment of $10,588/year for the duration of the 10-year contract. The property is located just off Regina Road south of Malta, Montana,with written and recorded access easement in place. There are noimprovementshowever 1 pit on the property holds wateryear-around. The property is perimeter fenced and is currently utilized as grazing for cattle. Property taxes in 2023were $152.35. Conservation Reserve Program (CRP) - A USDA Farm Service Agency Program CRP is a land conservation program administered by the Farm Service Agency (FSA). In exchange for a yearly rental payment, farmers enrolled in the program agree to remove land from agricultural production and plant species that will improve environmental health and quality. Contracts for land enrolled in CRP range from 10 to 15 years in length. The long-term goal of the program is to re-establish valuable land cover to help improve water quality, prevent soil erosion, and reduce loss of wildlife habitat. Signed into law by President Ronald Reagan in 1985, CRP is one of the largest private-lands conservation programs in the United States. Thanks to voluntary participation by farmers and landowners, CRP has achieved significant goals in conservation and sustainability.More than5 million acres are entering CRP in 2023, surpassing the 3.9 million acres expiring this year.