This a good opportunity to purchase a farm located SE of Ames in central Story County, Ia. There is currently 111.3 acres according to the FSA office. The tenant felt the farm could be expanded to include another 25-30 tillable acres if the old pasture fences were cleared and cropland was opened up to the waterways and along some of the edges. The farm is leased for 2013 at $200/tillable acre which is below the local cash rental market. The lease can be cancelled for 2014. There is approximately 45 acres NW of the railroad right of way and there are two crossings to access these fields. Windmill on the south portion of the land.
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Legal Description: The SE 1/4 of 28-83-28
Directions: From Hwy 30 go south 3 miles on R70 and then back east 1/2 mile on north side of 270th Street.
The owners are requiring the sale to close in 2012 thus are requiring bids to be placed by November 19, 2012. They reserve the right to reject any bid and also reserve the right to review the bids when received and accept an offer prior to 11/19/12. Suggested sale price is $7,800/acre or $1,191,138.