| Description |
DESCRIPTION: 314 acres m/l to be offered in three individual tracts at auction on Friday, October 18th, 2024, at 10:00 A.M. Tract # 1 consists of 130 acres m/l with 129.26 taxable acres m/l and 128.56 cropland acres m/l. Tract # 2 consists of 142 acres m/l with 140 taxable acres m/l and 140 cropland acres m/l. Tract # 3 consists of 42 acres m/l with 40 taxable acres m/l and 40.75 cropland acres m/l. Tract # 1 has an average CSR2 of 80.8, Tract # 2 has an average CSR2 of 85.8, and Tract # 3 has an average CSR2 of 86.6, with the county average CSR2 being 79.4.
DIRECTIONS: Tract # 1 From Dows, Iowa, go north on Wright Avenue for 3 miles. This tract is located on the east side of the road. Tract #2 From Dows, Iowa, go southeast out of town on Apricot Avenue 1 mile to 85th Street, then go east on 85th Street for approximately 1/2 mile. This tract is located on the south side of the road. Tract #3 From Tract # 2, go east over the I-35 bridge. This tract is located on the south side of the road just immediately east of the interstate. Please watch for real estate signs.
TRACT # 1
LEGAL DESCRIPTION: (130 Acres M/L) South One-Half of the Southwest Fractional Quarter (S1/2 SW Frl.1/4); Northwest Quarter of the Southwest Fractional Quarter (NW1/4 SW Frl.1/4), all in Section Seven (7), Township Ninety-one (91) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 128.56 acres
Corn Base: 125.10 acres PLC Yield: 176 bu.
Bean Base: 3.40 acres PLC Yield: 44 bu.
This farm is classified as NHEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,278/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
FARM LEASE: Tracts # 1, # 2, & # 3 are leased for the 2024 crop year. Sellers are to retain all of the cash rent and CRP proceeds from the 2024 crop year. The lease for 2025 has been terminated.
TRACT # 2
LEGAL DESCRIPTION: (142 Acres M/L) Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4); East 10 acres of the Northeast Quarter of the Southeast Quarter (E.10A NE1/4 SE1/4), all in Section Thirty-one (31); Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4); Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4) laying west of I-35; Southwest Quarter of the Southwest Quarter( SW1/4 SW1/4) laying west of I-35; all in Section Thirty-two (32), Township Ninety-one (91) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 140 acres (Est)
Corn Base: 82.57 acres (Est) PLC Yield: 176 bu.
Bean Base: 66.69 acres (Est) PLC Yield: 44 bu.
This farm is classified as NHEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,200/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT # 3
LEGAL DESCRIPTION: (42 Acres M/L) East One-Half of the Southwest Quarter (E1/2 SW1/4), east of I-35; Southwest of the Southwest (SW1/4 SW1/4), east of I-35, all in Section Thirty-two (32), Township Ninety-one (91) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 40.75 acres (Est)
Corn Base: 24.03 acres (Est) PLC Yield: 176 bu.
Bean Base: 19.41 acres (Est) PLC Yield: 44 bu.
This farm is classified as NHEL. No Wetlands Determination is complete at this time.
Of the 40.75 tillable acres m/l, there are presently 0.65 acres in CRP bid in at $300 per acre until 2027.
PROPERTY TAXES: $1,200/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
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