The Smith Farm is an agricultural and recreational property located in southeastern Arkansas county near the town of Tichnor.  The property is 802.8 (+/-) total acres, which 73% of the acreage is in cultivation.  The farm has six (6) wells, a headquarters site, and a woodland and wetland, and access is via county and farm roads.  The property receives an annual direct payment of $28,882.00 and real estate taxes are estimated at $2,312.30 annually.  An annual lease is in place with the farm tenant at a cash rent of $50,000.00 for 2011.  Any and all mineral rights owned by the Seller will transfer to the Buyer.  Duck and deer hunting opportunities exist on the property and the White River Wildlife Refuge is within 1 mile. The refuge offers outstanding duck, deer and turkey hunting.  Outstanding fishing can be found on the the many refuge lakes and on Merrisach Lake (3 miles of the property), or all along the Arkansas River (located south of the property).  This farm offers an excellent agricultural investment with abundant year-round outdoor opportunities.  The property is offered for sale at the offering price of $2,007,000.00 ($2,500.00 per acre).  Any questions concerning this offering or to schedule a property tour should be directed to Gar Lile or Brandon Stafford of Lile Real Estate, Inc.