Description
High Point Land Company is honored to present the Lowe Family properties, to be sold via online auction March 31st, with bidding ending at 1:00pm. These farms feature high quality Clay County soil and offer tremendous opportunities for expanding existing operations or investing in A-class tillable farmland. This farm is being sold by net taxable acres.
Tract 1 - 156+/- Net Taxable Acres (149.32+/- Certified Cropland Acres)
This quarter section has nice long straight rows and is gently sloped making it easy to farm. The predominant soils are Everly and Wilmonton, boasting an impressive 85.5 CSR2. This farm has high potential to achieve tremendous crop yields.
Tract 2 - 78.7+/- Net Taxable Acres (77.61+/- Certified Cropland Acres)
Located on the north side of 300th St, this tract offers a chance to own a top tier farm in Clay County. Featuring Everly and Wilmonton soils, this farm has an outstanding CSR2 of 88.8. This is an ideal addition to any farming operation or investment portfolio.
Tract 3 - 75.11+/- Net Taxable Acres (71.80+/- Certified Cropland Acres)
This tract is situated on the southeast corner of the section, lying directly east of tract 2. All 71.80+/- cropland acres are currently enrolled in CRP through 2033 at an annual rate of $300/acre, generating $21,540 in yearly income. Buyers have the option to either succeed the current CRP contract or, upon execution of the purchase agreement, request that the sellers cancel the CRP contract, allowing those acres to return to row crop production. This decision must be made at the time of signing. The average CSR2 on this tract is 84.7.
These tracts will be offered via an online-timed auction, with bidding ending on March 31st at 1:00pm. This is a rare opportunity to add one or multiple tracts of premium-soil quality farmland to your existing operation or investment portfolio. It is uncommon to find this many acres of contiguous, high-caliber farmland in such a well-located area, perfect for a single operator. For investors, multiple local operators are offering aggressive rental rates, making this an appealing long-term investment opportunity.
Buyer to receive rent in the amount of $325 per Certified Cropland Acre on the tillable acres on Tract 1 and Tract 2. The total rent for Tract 1 shall be in the amount of $48,529 and the total rent for Tract 2 shall be in the amount of $25,223. This shall be paid at closing.
Property Address: TBD 290th St & 300th St Everly, IA 51338
Property Features:
- Excellent 3 Tract auction in Clay County
- Premium Soils across all tracts with CSR2 ratings ranging from 84.7 to 88.8
- Large Contiguous Field Potential
- Great access to local grain markets and nearby ethanol plants
- Tract 3 has a great CRP contract producing a great annual return, with the option to return to row crop
Directions:
From Everly Iowa head north on 130th Ave. Continue north across Hwy 18 to 300th street and turn east. Continue east for 1/2 mile and the farm will be on the north side of the road.
