SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to bring to market a high-quality farm located 9 miles Northeast of Washington, Iowa. This 158 +/- acre farm is 89% income producing acres. The farm consists of 113.51 tillable acres and 27.45 CRP acres. The CRP acres are broken down into 5 different CRP contracts. The numbers for those CRP contracts are below. The farm is rented for the 2019 growing season. The tillable acres are cash rented for $220.00 per acre for a total cash rent income of $24,936. The CRP acres add an additional $5,952 in income annually. There is a legal right away that gives access from the west of Spruce Ave. There is also access from the south off gravel road 200th Street. This is a great opportunity to buy a well taken care of farm in a location where farmland doesn’t come available often. For more information or for a private showing contact Land Agent Nick Skinner at 515-650-0974 or Cody Skinner at 515-443-6343 today.
Farm Highlights
- 140.96 cropland acres
- CSR2 on cropland acres is 64.9
- 113.5 acres being farmed @ $220.00 per acre $24,936 annually
- 27.45 acres enrolled into CRP ( 5 different contracts ) paying $5,952 annually
- 3.0 acres @ $193.25 per acre expiring 09-30-2019
- 15.6 acres @ $218.54 per acre expiring 09-30-2020
- .8 acres @ $267.60 per acre expiring 09-30-2023
- 1.10 acres @ $215.56 per acre expiring 09-30-2023
- 6.95 acres @ $217.58 per acre expiring 09-30-2024
- Total farm income is $30,888 annually
- Corn PLC Yield of 170
- Soybean PLC Yield of 48
- Farm is rented for 2019 growing season
- Farm lease is a year by year agreement
Brief Legal Description
158 +/- acres located in Washington County, Iowa; Highland Township, Section 19. Exact legal will come from the deed.
Taxes $3,670 +/- annually
From Washington, Iowa
- Travel north on Riverside Rd 5.5 miles
- Continue straight where Riverside Rd runs into 200th
- Stay on 200th St (headed east) for 2.5 miles
- The farm sits on the north side of the 200th St
- There is a “For Sale” sign located at the property entrance
