Franklin County, IA

Tulip Avenue
Geneva, IA 50633

80 Acres M/L
$480,000

Listing #15539

PROPERTY INFO

Description

Peoples Company presents 80 acres m/l of Iowa farmland located in Franklin County, Iowa! This property offers a unique combination of row crop production and outdoor recreation. The farm consists 61.31 FSA tillable acres carrying a CSR2 rating of 55.2. An official offer has been submitted to the Franklin County FSA Office to enroll the 2.61 acres, located on the northeast corner of the farm, into the Conservation Reserve Program (CRP) with a tentative rental rate of $172/acre ($449/annual payment). The offer for Field 3 has not been officially accepted by the County FSA Office.

The balance of the farm is comprised of wooded timber draws situated along a small tributary of Maynes Creek that would serve as an excellent travel corridor for wildlife. Here is your opportunity to chase up whitetails, scare up a rafter of turkeys, or bouquet of pheasants! Utilities are located along the west side of Tulip Avenue with electricity available through MidAmerican Energy.

Several competing grain marketing options are located nearby including ethanol plants - Flint Hills in Iowa Falls and Shell Rock, Iowa and Golden Grain Energy in Mason City, Iowa - and a variety of grain elevators and cooperatives. The farm is leased for the 2021 farm year. Contact agent for details on the farm lease. This land would be a great add-on to an existing farming operation or an investment property for the Buyer looking to diversify their portfolio. The farmland is located northeast of Geneva, Iowa on the east side of Tulip Avenue in Sections 15 and 16 of Geneva Township, Franklin County, Iowa.

Legal Description

The Southwest Quarter of the Southwest Quarter (SW ¼ SW ¼) of Section Fifteen (15), and the Southeast Quarter of the Southeast Quarter (SE ¼ SE ¼) of Section Sixteen (16), all in Township Ninety-one (91) North, Range Nineteen (19) West of the 5th P.M. Exact legal description to be taken from Abstract.

Farm Details

FSA Cropland Acres: 61.31
Base Acres: 61.31
Corn: 39.40 base acres with a PLC Yield of 125
Soybeans: 21.91 base acres with a PLC Yield of 36

  • Sign On Property: Yes
  • MLS Number: 630751
  • Parcel Number: 1216400004; 1215300002
  • School District: AGWSR Community School District
  • General Area: Northeast of Geneva, Iowa
  • Gross Taxes: $1,438.00
  • CSR2: 55.20
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash/Conventional

Directions

From Geneva, Iowa: Travel north on County Highway S56 for 1 mile, turn right (east) onto County Highway C51/115th Street. Continue for approximately 1.75 miles and turn right (south) onto Tulip Avenue and continue for 0.25 miles. The farm will be located on the east side of Tulip Avenue and look for the Peoples Company sign.

From Hampton, Iowa: Travel east on County Highway 3 for approximately 5 miles to Timber Avenue. Turn right (south) and continue for approximately 3 miles to 115th Street. Turn left (east) onto County Highway C51/115th Street for 0.75 miles and then turn right (south) onto Tulip Avenue. The farm will be on the east side of Tulip Avenue and look for the Peoples Company sign.

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