Remarks

Peoples Company is pleased to present 145.22 m/l surveyed acres of Benton County, Iowa farmland located southeast of Dysart, Iowa along Iowa Highway 21. The farm includes 131.5 FSA cropland acres with approximately 125.8 Acres currently in production with a CSR2 soil rating of 91.3. The cropland acres are designated NHEL with no conservation plan required. This exceptional piece of farmland has been used for both commercial and seed corn production in the past. The remaining balance includes well-maintained grass waterways and an open drainage ditch providing superior drainage for this property. An additional revenue stream is provided by a U.S. Cellular Tower Lease located in the southwest corner of the property. The lease pays $500 monthly or $6,000 annually and consists of only 4.24 Acres m/l. The lease automatically renews for up to 7 additional terms of 5 years each unless the Tenant provides the Landlord with written notice of intent not to renew at least 60 days prior to the commencement of any additional renewal term (see attached lease). The tillable acres include highly productive Tama silty clay loam, Muscatine silty clay loam, and Colo-Ely complex. The farm is located in Section 19 of Monroe Township, Benton County, Iowa. Frontage on paved Iowa Highway 21 provides great access from the west side of the property. There are several grain marketing outlets located nearby including grain elevators and ethanol plants.

Details

MLS#: 6315261
Price: $2,150,000

Style: Other
Sq Ft: 0

County: Benton
Tax Fee: 5397