Productive Tillable Farm in Southern Guthrie County

Description

Ranch & Farm Auctions, a division of Whitetail Properties Real Estate, is proud to represent the Carol S. Knowlton Trust in the sale of their landholdings in Jackson Township, Stuart, Iowa. This row crop farm has been owned and cared for by the Knowlton Family for more than 90 years and this will be the first time it is offered to the public in nearly a century. Carrying a weighted average CSR2 of 72.2 across all acres, this farm will continue to be a producer and sound investment for the new owner. The primary soil types are Sharpsburg silty clay loam and Gara loam. Multiple tile improvements have been made and the farms have great drainage. Approximately 99% of all acres offered are income-producing cropland acres. Either of these tracts would make for a great addition to an existing farming operation or a sound investment as a diversification to your portfolio. This farm will have open tenancy for the 2022 farming season.

Tract 1

This tract has high-quality tillable acres with a weighted average CSR2 of 70.2. This farm has gently rolling terrain with good drainage and strategic terracing and tiling. The farm is currently planted in corn and has great field access in the NW corner of the property off of 290th Ln.

Property Location: From Stuart, head north 6.25miles on P28 (Wagon Rd.) to 285th St. Travel west 2 miles on 285th to 290th Ln. Tract 1 is located 1/4 mile south on 290th Ln. Signs will clearly identify the property.

Farm Information: 39 acres m/l with 38.6 FSA cropland acres. 15.99 corn base acres with a PLC yield of 144. 15.74 soybean base acres with a PLC yield of 37. 5.28 acres have been bid into a new CRP contract starting November 1st, 2021 at $244.66 per acre or $1230.28 annually. See Tract 1 CRP information in the downloads or call for further information. The seller can sign this contract or can terminate based on the new buyer's wishes.

Legal Description: 1-78-31 GOV LOT 9. An exact legal description to come from the abstract.

Taxes: 2019 property taxes were $1,020.00

  • 38.6 FSA acres with a weighted average CSR2 of 70.2

  • Primary soil types consist of Sharpsburg silty clay loam and Gara loam

  • Great access for large equipment off of 290th Ln.

  • Close to grain markets in Panora and Casey and the Ethanol Plant in Menlo

  • Great addition to an existing operation or for the beginning farmer

Tract 2

This tract has high-quality tillable acres with a weighted average CSR2 of 73.5. This farm has gently rolling terrain with good drainage. The farm is divided by Tank Avenue with 16.14 Acres m/l on the west side of the road and 41.20 acres on the east. The farm is currently planted in soybeans and has great field access for large equipment off of Tank Ave.

Property Location: From Stuart, head north 6.25miles on P28 (Wagon Rd.) to 285th St. Travel west 2.5 miles on 285th St. to Tank Ave. Tract 2 is located just north of the intersection of 285th St. and Tank Ave. Signs will clearly identify the property location.

Farm Information: 57.34 acres m/l with 57.11 FSA cropland acres. 23.1 corn base acres with a PLC yield of 144. 22.74 soybean base acres with a PLC yield of 37. There are 1.3 acres in CRP paying $300/acre or $390.00 annually that expires in 9/2031.

Legal Description: 1-78-31 LOT 3 FRL (EX PAR A & B GOV LOT 3) & E 21 1/2A OF LOT 4 (EX PAR A, B & C GOV LOT 4) . Exact legal description to come from abstract.

Taxes: 2019 property taxes were $1,570.00

  • 57.11 FSA acres with a weighted average CSR2 of 73.5

  • Primary soil types consist of Sharpsburg silty clay loam and Gara loam

  • Great access for large equipment off of Tank Ave.

  • Close to grain markets in Panora and Casey and the Ethanol Plant in Menlo

  • Great addition to an existing operation or for the beginning farmer

Auction Details

  • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
  • Onsite bidders should bring a government-issued ID
  • 10% down payment immediately after auction - cash, personal, or business checks accepted
  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
  • High bidder has 30 days to close unless otherwise noted
  • Announcements on auction day will take precedence over any prior announcements
  • This is a no contingency sale and is not subject to financing or additional inspections
  • Possession at closing, subject to tenant’s rights, if any
  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Auction Location: Vets Auditorium
Panora, Iowa 50216
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