Farmland in Pocahontas County

Located on a hard-surface highway, this is an excellent opportunity to secure prime farmland with a very high CSR2 of 86 in the heart of Iowas corn-growing region. Deep, dark, and fertile soil can raise some of the best crops in the area. Get paid a huge premium for your corn at the nearby ethanol facility just down the road in Albert City. Surface drainage tile intakes coupled with lateral drainage tile lines and a significant new tile main installed in 2015 direct excess rainwater from the field to ensure solid grain production year to year. The farm lease is open for 2025 so it can start to grow crops and income for the new owner in the very next growing season. It would make an excellent addition for an existing farming operation, or it would be a smart investment for a buyer to add to a diversified portfolio.

Farm Information:

FSA Farm/Tract Number 2129/43

Total Gross Acres 114.44

Net Taxable Acres 110.53

FSA Acres: Current Acres (106.49) PLUS Estimated Additional Acres (0.86) in NE Corner 107.35

Annual Real Estate Taxes $3,896

Corn Suitability Rating 2 (CSR2) 86

No Highly Erodible Land

No Conservation Reserve Program (CRP) Acres

Method and Terms of Sale: Exclusively listed property. Interested buyers should contact Brent Larson with Sunderman Farm Management Co. to submit offers at 515-571-3704. Property is offered "As-Is, Where-Is" with no warranties or guarantees, expressed or implied, made by the seller or their agent. Sale is subject to all easements, covenants, and restrictions of record. Buyers should consult with the applicable professionals of their choice and complete all research and inspections prior to making an offer. A standard purchase agreement with no contingencies will be signed and buyer will provide earnest money in the amount of ten percent (10%) of the total sales consideration. Balance due via wire transfer at closing with delivery of a warranty deed and abstract showing merchantable title. Real estate taxes prorated to date of closing.

Asking Price: $1,539,218.00, or $13,450.00 per acre on 114.44 acres.

Approximate Legal Description: E3/4 NW1/4 except lots & right-of-way, in Sec 28-T93N-R34W of the 5th PM, Swan Lake Township, Pocahontas County, Iowa. Exact legal description will come from the abstract of title.

Rental Status: Current farm lease is terminated effective March 1, 2025. Landlords possession will be provided to the buyer at closing. Seller reserves 100% of the 2024 farmland income.