116.17 Acres m/l, Carroll Co., Manning, IA

Carroll County, Iowa Land Auction - Peoples Company is offering 116.17 acres m/l of high-quality Carroll County farmland located northwest of Manning, Iowa. The Thomas H. Schroder, LLC farmland will be offered as a single tract through a live in-person auction as well as a virtual live online auction option and online bidding will be available. The auction will take place at 10:00 AM on Saturday, April 2nd, 2022 at the Manning Hausbarn, 130 Heritage Drive, Manning, Iowa 51455. The productive Carroll County farmland contains 109.46 FSA tillable acres carrying a CSR2 Rating of 75.4 with the primary soil types of Marshall silty clay loam and Colo-Judson silty clay loam. Currently, there are 98.06 acres being farmed carrying a CSR2 soil rating of 75.0 with an additional 11.40 acres enrolled in the Conservation Reserve Program (CRP) until 2026. The CRP practice is CP-21 (Filter Strip Program) with an annual payment of $4,466 ($391.74/acre). The farm is leased for the 2022 cropping season and has been operated by a reputable local farm tenant. Buyer will receive a credit for the 1st half of the cash rent payment totaling $11,036.25 at closing and will assume the cash rent lease with 2nd half cash rent totaling $11,036.25 due and payable on December 1st, 2022, to the new buyer. This farm would make for a great add-on to an existing farming operation or a smart investment. There are several grain marketing options located nearby including several competing grain elevators. The farm is located on the north side of 300th Street in Section 7 of Ewoldt Township. The combination of high-quality Carroll County, Iowa farmland combined with CRP income makes for a rare opportunity to purchase land in a tightly held area!