Farms of this size and quality rarely become available in this area. The Olson farm offers great soils and ample tile outlets to county drainage. It has been well cared for by the same tenants for many years and has been owned by the family for four generations. Whether you’re looking for farmland as an investment to lease out or to farm yourself, this farm will be an excellent opportunity for anyone.
3 miles north of Terril, IA on N14 & 2 miles east on A31.
Tract 1 (73.8 Surveyed Acres) - The West Half of the Northwest Quarter (W½ NW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, Iowa except 6.43 acre acreage. Exact legal to be taken from survey.
Tract 2 (80.14 Surveyed Acres) - The East Half of the Northwest Quarter (E½ NW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, Iowa. Exact legal to be taken from survey.
Tract 3 (160.36 Surveyed Acres) - The Southwest Quarter (SW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, IA. Exact legal to be taken from survey.
For Tracts 1-3 Combined:
Cropland Acres: 301.74
Corn Base: 150.85 ac. Corn PLC Yield: 203 bu.
Soybean Base: 150.85 ac. Soybean PLC Yield: 46 bu.
Tract 1: Canisteo, Nicollet, Crippin, Webster, Okabena, Ocheyedan & Clarion
Tract 2: Canisteo, Crippin, Webster, Clarion, Nicollet & Okoboji
Tract 3: Canisteo, Nicollet, Clarion, Okabena, Webster, Okoboji, Waldorf & Crippin
Tract 1 Avg. CSR2 - 87.5 / Tract 1 Avg. CSR1 - 71.6
Tract 2 Avg. CSR2 - 86.4 / Tract 2 Avg. CSR1 - 70.5
Tract 3 Avg. CSR2 - 85.5 / Tract 3 Avg. CSR1 - 805
Real Estate Taxes
Tract 1 - $1,860
Tract 2 - $2,046
Tract 3 - $3,768
Method of Sale
Successful bidder will have choice of Tract 1, Tract 2 &/or Tract 3.
10% earnest money down day of sale. Balance due at closing on or before November 3, 2021. Real estate taxes to be prorated to December 31, 2021. Sellers to retain 100% of 2021 cash rent. Farm has an open lease for 2022 crop year. Farm is currently enrolled in a wind project lease and easement agreement. All final bids are subject to seller approval.
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