SOLD
(this property is no longer available)
$400,000   •   39 Acres

Peoples Company is pleased to present an exceptional income-producing CRP farm located just west of Belmond, IA. The property has 39 acres m/l consisting of 35.71 FSA cropland acres m/l that are currently enrolled in the CRP program. The CRP contract pays $335.57 per acre with an annual payment of $11,983. The CRP acres are enrolled in the CP27/28 program (Farmable Wetlands) and the contract expires in 2031. After the CRP expires, this farm is a good candidate to be put back into production with the tillable acres carrying a CSR2 of 71.2. A wetland determination has been completed on the farm and has been deemed "prior converted" or PC, allowing for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions. The farm has a 12" and 15" County Tile that runs through the farm that can be utilized for future drainage projects (See attached Tile Map for more details). The farm is located on paved road Madison Avenue and situated in Section 30 of Belmond Township.


View listing on agent's site.


Documents
Construction Status: - None -
John Reburn
John Reburn

Mobile: 5637940600
Share