The seller made the investment of developing and building a terrace system throughout the entire tillable portion of the farm, and also installed a tile system throughout the entire farm. The 2.7-acre pond is centrally located and positioned to catch natural run off and have a spillway leading into the center timbered draw, which stretches east and west through the center of the farm. The terrace and tiling was strategically placed with the natural lay of the land and perform extremely well, controlling water and eliminating erosion.

The farm has a CSR2 rate of 44.7. The 92.98 crop acres are leased for 2020 at $235 per acre. The current operator has been a tenant on the farm for 21 years and is willing to enter into a 3 year contract at the same rate if a new owner wishes to do so. The 50.09 ares in CRP is enrolled at the rental rate of $197.51 per acre and expires in September 2026.

There is a great ability to whitetail and upland hunt on the farm! Deer sign is abundant throughout the timbered draws, east cedar boundary, and dense CRP. The farm has rural water and electricity at the road and would make for a nice build site just 1.1 miles east of Highway 25 and 2 miles from the Highway 2/25 intersection. The farm is located 6 miles south of Clearfield and 25 miles south of Creston, Iowa.

A farm this high of quality with a long-term sustainable return and excellent location is a prime asset for the investor looking for annual cash flow and appreciation year after year. Give Will Wiest a call for more information, including yield history, and to schedule a private showing!

Property Features

-160 deeded acres located in Section 32 of Grant Township in Ringgold County, Iowa

-Very clean, well kept, and productive farm for an investor

-143.23 tillable acres

-98.92 acres in row crop leased for 2020 at $235/acre - $21,850.30

-50.09 acres of CRP CP42 paying $197.51/acre - $9,893 annually, expires 9/30/2026

-$31,743.30 annual income

-4.5% return on investment at the list price!

-21 year tenant would sign 3 year contract extension at $235/acre at buyer’s request

-2.7-acre pond

-CSR2 of 44.7

-Strategic terrace and productive tile system installed on the entire farm

-A ton of deer rubs found along the tree lines

-Hunting lease would be possible for additional income

-Located 1.1 miles east of Highway 25 and 2 miles from the Highway 2/25 intersection

-6 miles south of Clearfield and 25 miles south of Creston, Iowa

-2019/2020 taxes were $2,442 and have been paid