160-Acre Income-Producing Coon Rapids Farm

  • $1,520,000
  • 160 Acres
Guthrie County, Iowa
Pending Sale Central Iowa
160-Acre Income-Producing Coon Rapids Farm
Guthrie County, Iowa
  • $1,520,000
  • 160 Acres

Description

Total Acres: 160
FSA Tillable Acres: 136.4 Acres
Rented Acres: 120 AC @ $300/ac ($36,000 annually)
CSR2: 64.1
CRP Acres: 14.29 AC – $2,758 annually (Expiring 2030)

This exceptional 160-acre farm offers a lucrative investment opportunity with 136.4 FSA tillable acres, providing a solid foundation for agricultural pursuits. Currently, 120 acres are rented at $300 per acre, generating a substantial annual income of $36,000. The property boasts a CSR2 rating of 64.1, indicative of its productive soil quality and above the Guthrie County average soil productivity. 

In addition to the tillable acres, the farm includes 14.29 acres enrolled in the Conservation Reserve Program (CRP), yielding an annual income of $2,758, with the contract expiring in 2030.

The current owner retains the cash rent for 2024, but this can be negotiated to suit the buyer’s preferences. 

Tenants will be terminated by September 1, 2024, making the property open for the 2025 crop year. Possession will be granted at closing, subject to tenant rights.

The current tenant is open to continuing to farm the property for the new owner, providing a seamless transition and ensuring the farm remains productive.

This property represents an outstanding opportunity for both investors and farmers alike. Don’t miss the chance to own this highly productive and income-generating farm.

For more information or to schedule a viewing, please contact us today.

 

 

Directions: From the intersection of Highway 141 and Hwy 73/335th St head South 4.8 miles as it turns into Chestnut Road. Turn Left (East) onto 150th St for 2.5 Miles. Then South of Evergreen Ave for about a mile.

 
       

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Chris Wearmouth
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