Live and Online at Ranchandfarmauctions.com

Auction Date: 08/22/2024          Auction Time: 11:00 AM CT

Auction Venue Location: Country Lane Lodge, 29300 Prospect Circle, Adel, IA 50003

Entire Farm Description:

Ranch & Farm Auctions, a Division of Whitetail Properties Real Estate, is proud to represent Glass, LLC and the Charles Richard Stacy Trust in the sale of 105.5 taxable acres m/l of high-quality Dallas County, Iowa farmland. Located in Section 3 of Adams Township, these highly tillable farms consist of 100.08 FSA tillable acres carrying a weighted average CSR2 of 89. The primary soil types are Clarion loam, Clarion loam Bemis moraine and Nicollet loam with slope ratings between 1 - 10 percent. The balance of the farm consists of a managed waterway at the northern end of Tract 1 and an old homesite with multiple buildings in the northwest corner of Tract 2. These are quality farms in a highly desirable and sought-after area in Dallas County. They will continue to produce strong yields year after year with future development potential. These farms would make for a solid investment to diversify your portfolio, park 1031 Exchange funds or be a great addition to your current farming operation. For more information about these incredible farms, call the Listing Agent at (641) 757-9156.

Tract 1 Description: 39.75± Acres

This tract has high quality tillable acres with a weighted average CSR2 of 87.9, which is well above the county average. This farm has flat to gently rolling terrain with good drainage. 94% of the farmland acres are in production with the balance coming from managed waterways. The half mile long straight rows makes for efficient planting and harvesting.  The farm has a good field entrance in the northwest corner along 312^th St.

Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312^th St for ½ mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 1.

Farm Information: 39.75 acres m/l with 37.30 FSA cropland acres.

Legal Description: 2-78-28 W1/2 GOV LOT 20 & W1/2 NW SW. The exact legal description is to come from the abstract.

Taxes: 2022 property taxes were $1,289.98

Tract #:                                 Tract 1

Deeded Acres:                     39.75 Acres Gross/Taxable

FSA Farmland Acres:         37.3 Acres

Soil Types:                           Clarion loam, Clarion loam, Bemis moraine & Coland-Terril complex

Soil CSR2:                            87.9 CSR2

CRP Acres/payment:          n/a

Taxes:                                   $1,289.98

Lease Status:                       Open Tenancy for 2025 crop year

Possession:                         Immediate possession subject to current tenant's rights for 2024

Survey Needed:                   No survey needed

Brief Legal:                          W1/2 GOV LOT 20 & W1/2 NW SW 2-78-28

PIDs:                                     1402100006

Lat/Lon:                                41.582446, -94.049952

Zip Code:                              50003

Tract 2 Description:65.75± Acres

This tract has high quality tillable acres with a weighted average CSR2 of 89.6 with more than 77% of the cropland acres having a 91 CSR2! This farm is flat with good drainage to the northeast and south. This tract measures .25 miles wide and .40 miles long with 97% of the farmland acres in production. There is an acreage in the northwest corner of the property with a 30’ x 30’ steel utility building, 41’ x 62’ pole barn, 51’ x 100’ steel utility building and a grain bin. The buildings are currently rented for storage to increase the overall revenue on the property. 

Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312^th St for 3/4 mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 2.

Farm Information: 65.75 acres m/l with 62.78 FSA cropland acres.

Legal Description: 3-78-28 S1/2 N53 1/3RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3RD W80RD NW SE. The exact legal description is to come from the abstract.

Taxes: 2022 property taxes were $2,300.83

Tract #:                                 Tract 2

Deeded Acres:                     65.75 Acres Gross/Taxable

FSA Farmland Acres:         62.78 Acres

Soil Types:                           Clarion loam, Clarion loam, Bemis moraine, Nicollet loam & Webster clay loam, Bemis moraine

Soil CSR2:                            89.6 CSR2

CRP Acres/payment:          n/a

Taxes:                                   $2,300.83

Lease Status:                       Open Tenancy for 2025 crop year

Possession:                         Immediate possession subject to current tenants' rights for 2024

Survey Needed:                   No survey needed

Brief Legal:                          S1/2 N53 1/3^RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3^RD W80RD NW SE 3-78-28

PIDs:                                     1403400001, 1403200006

Lat/Lon:                                41.583131, -94.058436

Zip Code:                              50003