Property DescriptionThe Ashley Graves farm is a good quality and versatile Mississippi Delta farm situated in an excellent farming community. It is partially irrigated by 6 irrigation wells, 4 pivots, and underground pipe and risers strategically placed throughout the farm. Located 11 miles southeast of Tunica, MS approximately 23 miles northeast of Clarksdale, and approximately an hour south of Memphis. Access is by a county asphalt road which bisects the farm. Mississippi Highway 61 is 5 miles west. There are numerous equipment dealers, chemical suppliers, and grain elevators in Tunica and Clarksdale. There are also many good quality farmers in this area. There are 1,252 total taxable acres, 1,019.77 cultivated acres of which 268.95 are precision or furrow irrigated, 550.1 acres are irrigated by 4 center pivot systems, and the remaining 202.14 cropland acres are non-irrigated. There are 153.71 acres of CRP with an annual payment of $21,408 for 10 more years. The drains are clean and well maintained. The property is well drained and in good agricultural condition.
Since graduating from Mississippi State University in 1985 with a Master’s Degree in Agricultural Economics and an undergraduate degree in Business Administration, Gwin has lived in Memphis and worked in the agricultural real estate business. Starting out as a real estate appraiser in 1985, he and Jim Rutledge cofounded Rutledge Investment Company in 1989 as a regional agricultural mortgage banking firm that also originates and services loans throughout the Mid-South. Gwin is active in all phases of the farm real estate business. As a licensed real estate agent and has had extensive education in real estate and real estate appraisal. He has farming interests in Bolivar, Tunica and Yalobusha Counties, Mississippi and Cross and Crittenden County, Arkansas.