Property Info

Description

Story County, Iowa Farmland Available - Peoples Company is pleased to present 156.50 acres m/l of high-quality farmland located northeast of Ames, Iowa. The farm consists of 146.27 FSA cropland acres, which includes 106.63 acres currently in row crop production carrying a CSR2 of 83.3. The primary soil types on the property include Clarion loam, Canisteo clay loam, and Webster clay loam.

The balance of the FSA cropland acres includes 39.64 acres enrolled in CRP (Conservation Reserve Program). The CRP practices include CP-21 expiring in 2024 with an annual payment of $3,412 ($344.69 Per Acre) and CP-27 & 28 expiring in 2026 with an annual payment of $11,040 ($371.23 Per Acre). 

This high-quality farmland tract is located in a strong farming community and would make for a great add-on tract to an existing farming operation or an investment for the Buyer looking to diversify their portfolio or hedge inflation. There are several grain marketing outlets located nearby including grain elevators and ethanol plants. The farm lease has been terminated and will be available for the 2024 crop season. This property is located northeast of Ames, Iowa in Section 8 of Milford Township with close proximity to pavement and Interstate 35. 

Legal Description

The South Half(S 1/2) of the Southwest Quarter (SW 1/4), EXCEPT Parcel "E" a part of the Southwest Quarter (SW 1/4) of the Southwest Quarter (SW 1/4) of Section Eight (8), Township Eighty-four (84) North, Range Twenty-three (23) West of the 5th P.M., Story County, Iowa, as shown on the Plat of Survey recorded on August 28, 2006, as Inst. No. 06-10736, Slide 289, Page 6; AND the South Half(S 1/2) of the Southeast Quarter (SE 1/4); ALL IN Section Eight (8), Township Eighty-four (84) North, Range Twenty-three (23) West of the 5th P.M., Story County, Iowa. Exact legal description to be taken from Abstract. 

Directions

From Ames, Iowa: Travel north out of Ames on Interstate 35 for 2.7 miles until reaching Exit 116. Turn right (east) off Exit 116 onto 190th Street for 1.2 miles until reaching 580th Avenue. Turn left (north) on 580th Avenue for 1 mile and the property will be on the left (west) side of the road marked with a Peoples Company sign.

• Sign On Property: Yes
• MLS Number: 682364
• Parcel Number: 0608300305, 0608300400, 0608400300, 0608400400
• School District: Nevada Community School District
• General Area: Northeast of Ames, Iowa
• Net Taxes: $4,812.00
• CSR2: 83.30
• Possession: At Closing, Subject to Tenant's Rights
• Terms: Cash, Conventional

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