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Friday, November 22, 2024 at 3:00 PM
DESCRIPTION: 160 acres m/l to be offered at auction on Friday, November 22nd, 2024, at 3:00 P.M. This property consists of 160 acres m/l, of which there are 156 taxable acres m/l and 146.13 cropland acres m/l. This tract has an average CSR2 of 85.7, with the Hardin County average CSR2 being 79.5.
DIRECTIONS: From Eldora, Iowa, go east on State Highway 175 to Y Avenue, then north on Y Avenue 1/2 mile. The subject property is located on the east side of Y Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (160 Acres M/L) Northwest Quarter (NW1/4) of Section Twelve (12), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 146.13 acres
Corn Base: 67.30 acres PLC Yield: 148 bu.
Bean Base: 58.10 acres PLC Yield: 48 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
This farm has 5.48 acres of CRP bid in at $390.83/acre until 2025. The CRP payment due on 10-1-2025 will be paid 100% to the buyer.
FARM LEASE: The subject property is rented for the 2024 crop year. Seller will retain 100% of the crop income or cash rent for 2024. The lease for 2025 has been terminated.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. There is an old shed on the property with no value.
PROPERTY TAXES: $5,712/year. Property taxes will be prorated to date of closing.
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