310 +/- ac Guthrie County Row Crop & Pasture Farm

KILOTERRA is proud to present this beautiful Guthrie County Row Crop and Pasture Farm on behalf of the Marvin Finnegan Estate located in Section 8 of Valley Township, just outside Guthrie Center, Iowa.  This farm has been in the Finnegan family for three generations, and is now available to the open market.

This continuous ½ section property is a diverse mix of Row Crop, Cross Fenced Pasture, Hay, and CRP.  In all, the property includes over 266 FSA acres and boasts an average of 70.71 CSR2.  In all, the annual income produced from cash rent and CRP payments total $62,821 for the 2022 crop year. The property offers substantial productivity for the investment minded buyer, and in addition, there are numerous locations for phenomenal building sites as well.

As described here, this farm is a continuous 310 +/- acres.  Additionally, the property is also being offered in two tracts.  The split will be 192+/- acres of diverse crop, pasture, and CRP to the North and 118 +/- acres of primarily row crop ground to the South.  For more details on the individual tracts, follow the links at the bottom of this description.

The farm was originally operated by the Finnegan family for many decades.  Now, two local area farmers operate the property, and have established long standing positive working relationships with the family.  Immediate access will be available to the new owners upon closing on the purchase and full possession is available upon expiration of the current leases on March 1^st, 2023 or as agreeable with the current tenants.

The Finnegan family has devoted their lives to working this land, and it is evident by the many improvements made during their ownership.

The row crop land has been improved with effective water management practices including thorough tiling, sculpted terraces, and maintained grass waterways.  For on farm storage, two large grain bins sit just North of the family homestead, and both will be included with the sale.  Access has been well thought out as well.  Multiple driveways allow for easy movement of equipment during the planting and harvest seasons and the owners even noted the ability to move combines throughout the entire farm without having to remove the head.  Additionally, two large Quonset hut style buildings feature 220 V electrical, concrete floors, with one having a powered door, proving amble storage for equipment.

Just under 12 acres of land at the far North end of the property has recently been enrolled into CRP, which provides an annual income and diversity of habitat.  The practice is designed to protect against soil erosion, and ensures regeneration of top soil.

The pasture land has seen numerous improvements over the years as well.  The property has been cross fenced for rotating cattle, and a travel lane connects both sections of pasture for moving the herd.  Two concrete pads for feeders were poured and several feed bunks have been installed in easy to access locations along the feed lot permitter.  Two sediment ponds allow for easy manure management in the feed lot.  A cistern is located on the West side of the feed lots, which serves as a reservoir for the water supply.  An older well exists on the property, but it is likely that a new well would need installed for a reliable water source.

Adjacent to the feed lot is a working shed, complete with concrete floors, expandable panel gates, a tub pusher, head chute, and loading door all designed for easy working of the cattle.

With proximity to Lake Panorama and only a 45-minute drive to Western Des Moines Metro, this is a great opportunity to own a beautiful farm in a highly desired area.  For the investor or existing farm operator, this is a chance to add on some very high-quality tillable land to your operation, and a property that is on the market for the first time in three generations.  Don’t miss out on your opportunity to own this incredible Guthrie County farm.

To learn more, contact Land Specialist Keith Davis at (641) 891-0413 or Land Broker Chuck Johnson at (515) 442-7709.

 

Key Farm Details:

• Marvin Finnegan Estate Farm (E ½ S8-T79N-R31W, excl. home site – exact legal to come from abstract)
• Not available on the open market for three generations
• Located South East of Guthrie Center on Noah Av. In Guthrie County, Iowa.
• 310 +/- acres comprised of 266.29 FSA acres at 70.71 CSR2
• Current Crop Acres: 161.72 acres, rented at $350/ac
• CRP Acres: 11.97 acres, paying $227.17/ac, expiring 2032
• Pasture Acres: 79.81 acres, rented at $3,500 per year
• 2022 Total Annual Income: $62,821
• 2022 Annual Taxes: $7,900
• 2 Large Quonset Hut buildings w/ concrete floors, 220V electric, garage doors
• 2 Large Grain Bins North of Homestead
• Cattle Working Shed with Tub Pusher, Head Gate, expandable gates, & concrete floors
• Pasture with multiple cross fences, feed bunks, concrete feeder pads, & manure silt ponds
• Crop ground improved with tiling, terraces, and maintained water ways
• Multiple driveways for easy access
• Small section of Timber on SE corner of property has several large walnuts for additional future income.
• The sellers will offer a multi-year lease of the adjoining 79+/- Pasture ground directly to the East of this farm, subject to the details as agreed by both buyer and seller.
• Great add-on piece for an existing farm operation
• Several competing grain market options nearby including grain elevators and ethanol plants.
• Close to lake Panorama and only 45 minutes to West side of Des Moines Metro

 

This farm is also available, split in two tracts as follows:

 

Tract 1: (click here for more details)

• South 118+/- ac with 107.28 FSA acres at 82.27 CSR2
• Current Crop Acres: 99.06 acres, rented at $350/acre
• 2022 Total Annual Income: $34,671
• Estimated Annual Taxes: $3,000

Tract 2: (click here for more details)

• North 192 +/- ac with 160.96 FSA acres at 62.97 CSR2
• Current Crop Acres: 62.66 acres, rented at $350/acre
• Current CRP Acres:11.97 acres, paying $227.17/ac, Expiring 2032
• Pasture Acres: 79.81 acres, rented at $3,500 per year
• 2022 Total Annual Income: $28,150
• Estimated Annual Taxes: $5,000

 

Disclosures & Disclaimers

Please do not tour the property without prior approval of listing agents.  The Homestead and 2.5+/- acres are not included with sale and the home is occupied.

Property lines and exact acreages subject to survey.  Farm acres taken from Mapright, GIS, and other data sourced believed to be reliable, but are not warranted or guaranteed.  All acres are subject to reconstitution by Guthrie County USDA Office. 

(2) Two-way easements will be established along the South entry way to the homestead as well as the driveway directly West of the Grain bins for easy access by all parties.

Currently, the 2 grain bins and 2 Quonset hut buildings are powered from a shared power supply with the homestead.  A new pole will need installed on the buyer’s side of the line, at the buyer’s expense within 30 days of closing, or as otherwise agreed with sellers.

Water is currently plumbed to the feedlot from the homestead, which the sellers will have capped off on their side of the line, at the seller’s expense, within 30 days of closing, or as otherwise agreed with the sellers.

Power is currently fed from the homestead down to the cattle building, west of the feed lot.  This service will be discontinued within 30 days of closing, or as agreeable with the sellers, and any new power lines will be the responsibility of the buyer.

The sellers intend to have an equipment auction after the property transaction closes.  The sellers reserve the right to utilize the two large Quonset huts, which will sell with this transaction, up until the time of their equipment auction or as otherwise agreed with the sellers.

Directions

From Interstate 80:

Take Exit 86 for IA-25N in Adair County.  Follow IA 25N to the South Edge of Guthrie Center.  Turn East on School Street, and Follow to Noah Ave.  The farm is located on the West side of Noah Ave.  Look for signs.

 

From Hwy 44:

 Travel along Hwy 44 until on the East of Edge of Guthrie Center.  Turn South on Noah Ave and drive approximately 1 mile.  The property will be on the East side of Noah Ave. Look for signs.

 

Address

2300 Block of Noah Ave. Guthrie Center, IA 50115