Dallas County, IA
90.00 Acres M/L

Old Highway 6 |
Redfield, IA 50233 |
Listing #17685

Info
Map
Photos
Attachments

$1,417,500

Property Info

Description

Peoples Company is offering 90 acres more or less of Dallas County, Iowa farmland located just east of Redfield, Iowa along paved road Old Highway 6 and in Section 3 of Union Township. The “Maycock Trust Farm” has provided returns for three generations and is a good example of high-quality farmland coupled with a great highway location near town.

The farmland consists of 91.74 FSA NHEL cropland acres and boasts a CSR2 soil rating of 88.9, compared to the Dallas County average of 76. The tillable acres include highly productive soil types of Clarion Loam and Webster Clay Loam. Of the total cropland acres, there are approximately 79.2 Acres currently being farmed with the balance including 11.10 Acres enrolled in the CRP program (Conservation Reserve Program). One of the CRP contracts is set to expire and offers the potential to add more tillable acres. *The discrepancy in the total FSA Cropland acres is because part of the FSA cropland acres include Road Right-of-Way and an area that surrounds the adjoining electric substation owned by MidAmerican*

The CRP contract details are listed below:

Contract #10117C – 9.90 Acres enrolled in Filter Strips (Practice CP21) with an annual payment of $3,400 ($343.32 per acre). This contract is set to expire Sept. 2024 but the Seller has signed paperwork to continue the CRP practice beyond 2024. A buyer would have the opportunity to discontinue the CRP contract after Oct. 2024 and convert these acres back to tillable farmland.
Contract #11704A – 1.20 Acres enrolled in Contour Grass Strips (Practice CP15A) with an annual payment of $360 ($299.43 per acre). This contract is set to expire Sept. 2033.

Electric transmission infrastructure, including a 69 KV electric substation owned by MidAmerican, is located on the adjoining property and could increase the potential for solar development or economic development projects. A Northern Natural Gas Storage lease is located on the westernmost 37.25 acres of the property (Dallas County Assessor Parcel ID #1303100015). The lease will transfer with the land and includes an annual payment that increases $0.35 per acre, per year. Note that the payment is paid in advance, and not in arrears. The payment for 2024 was $23.95 per acre and will increase to $24.30 in 2025.

The farmland has been operated long-term by a reputable local farm tenant and is leased for the 2024 farm year under a 50/50 crop share lease. The yields for the farm are available to interested parties. Please contact the Listing Agent for crop yield information.

Legal Description

Government Lot Ten(10) and all of Government Lots Eleven ( 11 ). Seven (7), and Six (6), lying South of Highway Six (6), in Section three (3), Township Seventy-eight (78) North of Range Twenty-nine (29), West of the 5th P.M., Dallas County, Iowa EXCEPT Beginning at a point where the West line or Government Lot 11, Section 3, Township 78 N, Range 29 W of the 5th P.M., Dallas County, Iowa, intersects the South right-of-way line of U.S. Iowa Highway 6, thence South along the west line of said Government Lot 11, a distance of 450 feet; thence 150° left and Northeasterly 798.52 feet to the South right-of-way line of said Highway 6; thence 466.0 feet Southwesterly along the highway right-of-way to the point of beginning and containing 2.1 acres more or less.

Directions

From Redfield, Iowa head east on Old Highway 6 for approximately 1 mile. The property will be located on the south side of the road. Watch for Peoples Company signage.

Sign On Property: Yes
MLS Number: 697717
Parcel Number: 1303100015, 1303200005, 1303200006
School District: West Central Valley Community School District
General Area: East of Redfield, Iowa
Gross Taxes: $2,059.10
CSR2: 88.90
Possession: At closing, subject to tenant's rights.
Terms: Cash, Conventional

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.