Clarke County, IA
160.00 Acres M/L

Meadow Street |
Osceola, IA 50213 |
Listing #15657

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$699,000

Property Info

Description

Peoples Company is pleased to be representing 160 acres m/l owned by Teamwork Ranch, LLC in Clarke County, Iowa located northeast of Osceola, Iowa. This tract consists of a total of 160 acres m/l with 109.48 FSA Cropland Acres - 94 acres are currently leased for row crop production carrying a tillable CSR2 rating of 39.2. Primary soil types include Lamoni clay loam, Arispe silty clay loam, and Shelby clay loam/loam. The balance includes 38.81 acres m/l in heavily-wooded timber draws, grassed waterways, and two small ponds located on the southern half of the farm. This farm would be a great add-on to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio.

This farm has been professionally managed by a farm manager resulting in increased fertility and nutrients levels nearing optimum levels for Phosphorus (P), Potassium (K), Organic Matter (OM), and soil pH. Soil test records from 2020 would be available by contacting the listing agent. Other improvements made to this tract include broadcasting cereal rye for a cover crop after harvest. The farm lease will be terminated and the farm will be made available for the 2022 cropping season. The hunting lease will be terminated prior to closing or may be assumed by the new buyer for additional income.

The county bridge on Meadow Street, the northern boundary of the farm, was completely replaced during summer 2021. The farm is located northeast of Osceola, Iowa on Meadow Street in Section 34 of Fremont Township and Section 3 of Osceola Township. Electric is available through Alliant Energy and water is available through Southern Iowa Rural Water Association (SIRWA).

Legal Description

The Northeast Quarter of the Northwest Quarter (NE 1/4 NW 1/4) and the Northwest Quarter of the Northeast Quarter (NW 1/4 NE 1/4) of Section Three (3), Township Seventy-two (72) North, Range Twenty-five (25) West of the 5th P.M.; AND the Southeast Quarter of the Southwest Quarter (SE 1/4 SW 1/4) and the Southwest Quarter of the Southeast Quarter (SW 1/4 SE 1/4) of Section Thirty-four (34), Township Seventy-three (73) North, Range Twenty-five (25) West of the 5th P.M., Clarke County, Iowa. Exact legal description to be taken from Abstract.

Details

FSA Cropland Acres: 109.48
Base Acres: 298.3
Oats: 25.4 base acres with PLC Yield of 43
Corn: 256.4 base acres with a PLC Yield of 108
Soybeans: 16.5 base acres with a PLC Yield of 35
*Farm program Information is for the multiple tracts. Base Acres will be adjusted per the default method when the Farm is reconstituted by the Clarke County FSA office.

Directions

From Osceola, Iowa: Travel north out of Osceola on Main Street / U.S. Highway 69 for approximately 3.75 miles and turn right (east) onto Miami Street. Continue for 0.30 miles to 250th Avenue and turn left (east) onto Meadow Street. Continue for approximately 0.25 miles and the farm is located south of the Meadow Street and west of Lilac Street.

Sign On Property: Yes
MLS Number: 635144
Parcel Number: 04311; 04310; 07007; 07009
School District: Clarke Community School District
General Area: Northeast of Osceola, Iowa
Net Taxes: $2,160.00
CSR2: 39.20
Possession: At Closing, Subject to Tenant's Rights
Terms: Cash / Conventional

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