Contact for Price • 140 acres
Farmland has a notable characteristic of being a tightly held asset with ownership transferring from generation to generation and very rarely comes up for sale to the public. Peoples Company is pleased to offer one of those rare occasions where farmland that has been owned by the same family since the late 1800’s will be made available and sold via public auction. The Lois M. Sutherland Estate consists of 140 acres m/l of high quality Dallas County, Iowa farmland and will be sold on Thursday, March 21st, 2019 at 10:00 AM. The auction will take place at the River Valley Golf Course in Adel, Iowa and will be sold “Absolute” to the highest bidder with no reserve.
This nearly 100% tillable farmland will be offered as two individual tracts under the “Choice” auction method where the high bidder will be able to choose Tract 1, Tract 2, or both tracts together. Tract 1 will be sold as 60 acres m/l and consists of 56.96 FSA tillable acres with a CSR2 rating of 88.4. Tract 2 will be sold as 80 acres m/l and consists of 75.68 FSA tillable acres with a CSR2 rating of 87. There is an acreage site with an older house and outbuildings that could be cleared for additional productive acres. Xenia Rural Water is installed on Tract 2 that extends on the east side of K Avenue. Either of these farms would be a great add-on unit for a current operation or for an investor looking to diversify their portfolio.
Both tracts have extensive private and county drainage tile with several intakes located on and near the farm (See Attached Tile Map for known tile location). Farming rights for 2019 will be available to Winning Bidder with immediate possession given. Primary soil types include high producing loam soils of Webster, Clarion, and Nicollet. Tracts are located just northwest of Adel, Iowa and located in Sections 27 & 35 of Washington Township with easy access to IA Hwy 44 and Co Rd P58. Grain markets are close with options between a variety of grain elevators and cooperatives.
Mark your calendars for this once in a lifetime event as this property will likely not be for sale for years to come.