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What are some out of pocket expenses that the owner will incur?

April 26, 2017expenses incur owner pocket

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What are some out of pocket expenses that the owner will incur?

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The Mississippi Delta farm owner will be responsible for the annual ad valorem property taxes which are generally $10 to $12 per acre. In addition, the owner will want to maintain hazard insurance on the improvements such as grain storage facilities, storage and equipment sheds, houses, and center pivot irrigation systems.