Farm Land Leased for $348.30 per Acre

TRENTON, MO — River-bottom cropland on the University of Missouri Thompson Farm has been leased for three years for $378.30 per acre, the highest of 11 sealed bids, says Jon Schreffler, farm manager. The winning bid on the 590 acres was by William Corey Thompson of Stewartsville. Rent will be paid in three equal payments annually. There will be an option to renew for another two years. The income is divided 80 percent to the farm and 20 percent to the Missouri Agricultural Experiment Station at Columbia. The land along the Thompson River has been upgraded with improved drainage, farm lanes and grid soil sampling. The land was limed after grid soil sampling last fall.