Land buyers, here is an excellent opportunity to purchase two uniquely different farms in the Terril, IA area. Tract one is a highly tillable productive farm with excellent soils and a CSR2 rating of 85.9. Tract 2 contains productive farmland with CRP acres and a CSR2 rating of 77.2. Both farms are ideally located on county blacktop N-14 just south of Terril. We look forward to seeing you at the auction.
2 miles south of Terril, Iowa on N14.
Tract 1 (80 Acres m/l): The North Half of the Northeast Quarter (N½ NE¼) of Section Thirty-three (33), Township Ninety (98) North, Range Thirty-five (35) West of the 5th P.M., Dickinson County, Iowa.
Tract 2 (78.7 Acres m/l): The West Half of the Northwest Quarter (W½ NW¼) of Section Thirty-four (34), Township Ninety-eight (98) North, Range Thirty-five (35) West of the 5th P.M., Dickinson County, Iowa except a 1.3 acre acreage.
Tract 1
Cropland Acres: 75.34
Corn Base: 45 acres / PLC Yield: 164
Soybean Base: 29.90 / PLC Yield: 49
Tract 2 CRP Contract 1
CRP Acres: 15
Annual Contract Payment: $4,295 ($286.36/acre)
Contract Expiration: 9/30/2025
Tract 2 CRP Contract 2
CRP Acres: 5.7
Annual Contract Payment: $1,191 ($209/acre)
Contract Expiration: 9/30/2033
Tract 2 CRP Contract 3
CRP Acres: 1.4
Annual Contract Payment: $413 ($294.99/acre)
Contract Expiration: 9/30/2032
Tract 2 CRP Contract 4
CRP Acres: .3
Annual Contract Payment: $90 ($300/acre)
Contract Expiration: 9/30/2027
Tract 1 Avg. CSR2: 85.9
Tract 1 Avg. CSR1: 67.5
Tract 2 Avg. CSR2: 77.2
Tract 2 Avg. CSR1: 61.4
Tract 1: Clarion, Nicollet, Belview-Storden, Terril, Okoboji, Harps, Omsrud-Storden
Tract 2: Clarion, Calco, Webster, Coland, Canisteo, Okoboji, Nicollet, Estherville, Biscay, Belview-Storden, Omsrud-Storden, Spicer
Tract 1: $2,230
Tract 2: $1,530
10% earnest money due day of auction. Balance due at closing on or before December 14, 2023. Seller to retain 100% of 2023 farm income. Real estate taxes prorated to December 31, 2023. Seller will assign and buyer agrees to assume the existing easement with Summit Carbon Solutions and RedRock Wind Project, LLC on Tract One. Seller to assign and the buyer agrees to assume the existing CRP contracts and easement with RedRock Wind Project, LLC on Tract Two. All final bids subject to seller approval.
For more information, contact:
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