Cedar County, Iowa 310.48 +/- Acres Farmland

PROPERTY DESCRIPTION

This is one of the nicest farms I have been able to bring to market, enough roll to drain well, improved waterways, and an all-around producer. Farms of this caliber don’t come up for sale often in this part of the state! This 310.48 +/- acres sits in far Western Cedar County on the Johnson / Cedar County line; 2 miles north of West Branch, Iowa and approximately 6 miles east of Iowa City, Iowa. Here is a great opportunity to purchase an extremely well taken care of farm offering 296 +/- cropland acres. The cropland acres consist of 275.20 +/- tillable acres and 28 – 30 +/- hay acres which are used as well taken care of waterways. The average CSR2 on the tillable acres is 77.9, which is above the county average.

The farm has an existing agriculture lease with a local tenant through February 28, 2023. The current cash rent income is $94,944.00 ($345 an acre X 275.2 tillable acres) on an annual basis, if you would like to see a copy of the lease contact Land Agent Nick Skinner. For the investor, this farm is a cash cow, at asking price it produces a 3.6% gross return which is well above average for farmland of this quality across all of Iowa. For the local operator, sit back and collect a big rent check for a couple years before dragging your own equipment through the dirt knowing this farm is being farmed the way it should. In 2012 and 2015, the owners executed the following improvements, Waterways & Terrace, Water Sediment and Control Basin, and Grade Stabilization Structure Programs. These improvements total $101,171, which were part of Cost Shared Assistance Programs. The farm has been approved for another cost share waterway project through the USDA office, which will only add to the excellent drainage throughout the farm.

You don’t have to know much about farmland to understand this farm is a producer! Come take a look at this immaculate farm on the Cedar / Johnson County line you WILL NOT be disappointed, call Land Agent Nick Skinner at 319-440-0974 or Land Broker Cody Skinner at 515-443-6343 today to set up a private showing