Warren County, IA

130th Ave.
Lucas, IA 50151

132 Acres M/L
Price: $660,000 Price Per Acre: $5,000

Listing #: 14502




Peoples Company is proud to offer 132 acres m/l of highly tillable ground located just a mile off Highway G76 in Southern Warren County. The property would make an ideal building site with two stocked ponds, scenic views, and utilities at the road.

This farm has 125.3 acres considered FSA tillable with a CSR2 of 49.6. There are 98.09 acres currently enrolled in three CRP contracts and 27.21 acres currently being cash rented. The CRP contracts are as follows: 57.4 acres of CP38E expiring in 2019 with an annual payment of $7,314, 16.96 acres of CP42 expiring in 2025 with an annual payment of $3,264, and 23.7 acres of CP38 expiring in 2027 with an annual payment of $6,003, this equals a total payment of $16,581. The 27.21 acres being farmed has a CSR2 of 73.5 with primary soil types of Grundy, Winterset and Pershing. There are a lot of opportunities with this farm!

Legal Description

The South Half (S 1/2) of the Northeast Quarter (NE 1/4) EXCEPT Parcel A and the North Half (N 1/2) of the Southeast Quarter (SE 1/4) EXCEPT Parcels A and B all in Section 36 Township 74 North Range 24 West in Warren County, Iowa.  Exact legal description to be taken from abstract.

Farm Details

Cropland acres: 125.3 acres 
Corn: 9.79 base acres with a PLC yield of 133

Total CRP acres: 98.09 with a total annual payment of $16,581
CP38E: 57.4 acres at $127.42 per acre expiring in 2019 with an annual payment of $7,314
CP42: 16.96 acres at $192.45 per acre expiring in 2025 with an annual payment of $3,264 
CP38: 23.7 acres at $252.88 per acre expiring in 2027 with an annual payment of $6,003

  • Sign On Property: Yes
  • MLS Number: 581350
  • Parcel Number: 23000360282, 23000360260, 23000360840, 23000360822
  • School District: Southeast Warren
  • General Area: Medora
  • Net Taxes: $2,152.00
  • Possession: At Closing
  • Terms: Cash, Conventional


From Indianola, IA go South on Highway 69 for approximately 13 miles and turn East on Highway G76. Continue on Highway G76 to 130th Avenue and turn South. Go for approximately 1.3 miles and the property is on the West side of the road. 


Terraces, tile, ponds


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