153.76 Acres m/l Selling in 2 Tracts Clay County

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153.76 Acres m/l Selling in 2 Tracts

Sale Date: September 8, 2022 10:00 am
Sale Location: Hap Ketelsen Community Center, 203 N Main Street, Everly, Iowa
Selling Price: Tract 1: $6,850/acre, Tract 2: $6,950
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County: Clay
Township: Waterford

Description

Attention Farmers, Investors & Outdoor Enthusiasts, this auction offers the opportunity you have been searching for! These Clay County farms have something for almost everyone. You can take your choice of farmland, recreational land with income or both. Tract 1 offers an affordable opportunity to purchase a smaller tract of tillable farmland. Tract 2 offers hard to find recreational land with a solid CRP income return for several years to come. This sportsman’s paradise is bordered on the west by the Ocheyedan River. We look forward to seeing you in Everly on sale day.

Property Location

Tract 1: 5 miles north of Everly, Iowa on M27 and 2¾ miles west on 280th Street.
Tract 2: 1 mile north of Everly, Iowa on M27, 2 miles west on Highway 18 and ½ mile north on 110th Avenue.

Legal Description

Tract 1 (39.76 Acres): The Southwest Quarter of the Southwest Quarter (SW¼ SW¼) of Section Six (6), Township Ninety-seven (97) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Tract 2 (114 Acres m/l): Part of the Northeast Quarter (Pt. NE¼) of Section Thirty (30), Township Ninety-seven (97) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

FSA Information

Tract 1 Combined with Adjoining Land
Cropland Acres: 153.41 ac.
Corn Base: 74.10  / PLC Yield: 125
Soybean Base: 74.10 / PLC Yield: 36

Tract 2
Cropland Acres: 96.79 acres – all enrolled in CRP
Total Annual CRP Payment: $29,976

CRP Contract 1: 7.10 acres
Annual Payment: $2,526 ($355.58 per acre)
Contract Expiration: 9/30/2030

CRP Contract 2: 73.09 acres
Annual Payment: $24,761 ($338.78 per acre)
Contract Expiration: 9/30/2030

CRP Contract 3: 16.60 acres
Annual Payment: $2,689 ($162 per acre)
Contract Expiration: 9/30/2030

Surety/Agridata Avg

Tract 1 Avg. CSR2: 52 / Avg. CSR1: 51.1
Tract 2 Avg. CSR2: 65.1 / Avg. CSR1: 66.7

Soils

Tract 1: Cylinder, Dickinson, Biscay, Sparta, May City, Wadena
Tract 2: Coland, Wadena, Biscay, Everly-Moneta, Spillville-Coland, Cylinder, Everly

Real Estate Taxes

Tract 1: $598
Tract 2: $1,962

Method of Sale

Successful bidder will have choice of tracts.

Terms

10% down day of sale. Balance due at closing on or before October 13, 2022. Real estate taxes to be prorated to December 31, 2022. Seller to retain all of 2022 cash rent and CRP payments. Final bids subject to seller approval.

Listing Agent

For more information, contact:

Picture of Travis Johnson

Travis Johnson

Cell: (712) 330-5345
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153.76 Acres m/l Selling in 2 Tracts Clay County