The Penney Farm is a landmark property offering 1,011+- acres of $7,999,000

Acreage For Sale

The Penney Farm is a landmark property offering 1,011+- acres of highly versatile and historically rich Missouri farmland. This expansive and diverse holding features everything a land buyer seeks: premium tillable ground, productive pasture, scenic building sites, excellent whitetail and turkey hunting and a great location. With abundant highway frontage and multiple access points, the farm comprises several contiguous parcels thoughtfully assembled into one of the largest offerings in the area. Penney Farm includes 441+- acres of tillable land, 286+- acres of quality pasture (much of which could be converted to tillable) and a well-balanced mix of timber, lakes, creeks and gentle rolling topography. The new owner could continue with the current tenant or could farm it themselves if they so desired. The tillable land is currently cash rented for $250 per acre, and the pasture is rented for $100 per acre. The farm has been well-managed and has a history of high yields. The tillable is terraced, portions are drain tiled and the pasture consists of fenced grazing paddocks and hay fields. The property has no hunting leases in place and has a strong record of mature whitetail harvests. Several well-placed food plots are located on the farm. The property is steeped in history and a portion is the original JCPenney farm and livestock operation. Several of the original JCPenney barns were well-built and still stand today, adding functional value. Infrastructure is already in place to support both farming and ranching, featuring good fencing and cross-fencing, barns, and a large Morton shop building with utilities. A standout feature is the impressive 14-acre lake, one of several sources of water on the farm that are well-stocked and ideal for fishing and waterfowl hunting. Multiple creeks wind through the property, creating natural travel corridors for wildlife and enhancing the scenic appeal, and offering bottom farmland fields. The farms boast miles of excellent road frontage, making it an attractive investment opportunity as well. Penney Farm offers exceptional deer and turkey hunting with proven success, panoramic views and that rare combination of size and versatility that makes it ideal for long-term investment, legacy ownership, or large-scale agricultural use. This is a once-in-a-generation opportunity to own a premier Northern Missouri farm that truly has it all. Located 10 miles north of Gallatin and just an hour from the Kansas City metropolitan area. More land is available, and splits are available.