For sale is a half-section of land outside of Stoughton. The land is 6 miles south on HWY 47 and 4 miles west. Currently, it is in grass but it has been farmed for decades. Could easily be turned under again for crop production. Good producing land with a crop insurance soil classification of "J". Total acres is approx. 292 (as per ISC) with 248 cultivated acres. The land is relatively flat with few stones. Total assessed value (SAMA) for the half is $284,200. There are two oil leases (Ridgeback) on the NE quarter and one on the NW. Approx yearly lease payout is $10,000. Valuation is based on 1.4 x assessed value plus a 5x yearly lease payout. For more information or to proceed further with this half-section, please contact the listing agent.
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