244.0 acres at $2,650 per acre...........................................................$ 646,600.00
Corn growing in this newly landformed field can now be irrigated, which will increase expected yields from about 125 Bushels per acre to a range of 160 to 200+ Bushels per acre.
Return on Investment
The projected 2010 net income of $27,246 corresponds to a net return of 4.2% on the total investment of $646,600. This does not include land value appreciation, thus the overall long-term return will be higher as land values increase.
Gibens Creative Group