Listing #18514 - 322.15 acres in IA

Clarke County, IA
322.15 Acres M/L

US Highway 69
New Virginia, IA 50210

Price	$2,238,943
Listing	#18514

LAND AGENT

John Hutchcroft

Office: 515.222.1347
Mobile: 515.321.5970
JohnH@PeoplesCompany.com

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LAND AGENT

Jake Sickels

Office: 515.961.0247
Mobile: 515.681.2103
Jake@PeoplesCompany.com

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Property Info

Description

Premium 322.15-Acre Grass & Livestock Farm with CRP Income, Building Sites & Recreation in New Virginia, Iowa

Peoples Company is pleased to present the George and Trudy Ernst Farm, a 322.15 acre m/l combination farm located on US Highway 69 on the Clarke/Warren County line. The property currently consists of premium, turn-key pastureland , top-tier livestock improvements, CRP, and excellent building sites along the highway. The chance to acquire a dependable grass farm that includes highly productive acres, recreation, and the opportunity to build a forever home within 30 minutes of Des Moines is second to none.

Land

The farm consists of approximately 271.75 FSA cropland acres, of which an estimated 134.41 are currently enrolled in income generating CRP and carry a CSR2 of 52.8. The balance of cropland and overall acres includes premium pasture fenced off into 5 individual paddocks, great water sources via good ponds and creeks, hardwood draws including desirable walnut and oak trees, and premium building sites off of the new US Highway 69 blacktop overlooking the entire farm. The land also features various qualities that make it an excellent hunting and recreational farm. The whitetail population and genetics in this area are consistent with what makes Iowa whitetail hunting the best in the country.

The CRP acres include very productive land with mainly Grundy and Arispe silty clay loam soils that could be farmed in the future or used for feed production. There are multiple active CRP contracts generating $29,107 of annual income. A breakdown of all 4 CRP contracts is below:

- 61.78 acres, CP42 paying $14,424 annually ($233.47/acre) through 2027
- 34.08 acres, CP38E-2 paying $6,564 annually ($192.62/acre) through 2033
- 27.93 acres, CP42 paying $6,097 annually ($216.30/acre) through 2027
- 10.62 acres, CP38E-2 paying $2,022 annually ($190.39/acre) through 2033

Infrastructure

The farm features turn-key livestock working infrastructure. With excellent interior and perimeter fencing, this farm offers an excellent setup for grazing. 5 individual paddocks are fenced off with ample water to allow rotational grazing, guaranteeing improved forage production as well as improved animal and soil health. 3 ponds are fenced off and immaculate, featuring gravity flow watering on the back side of the dam. Excellent access is provided via convenient entrances, creek crossings, and property flow that is conducive to getting work done. Steeper areas of the farm include dry ponds to significantly decrease water flow after rainfall events to prevent erosion and preserve soil integrity. The property also features a fenced off 34' x 80' hay shed for storing hay, feed, and equipment.

Location and Access

The property is located on US Highway 69, just east of New Virginia, Iowa, and northeast of Osceola, Iowa on the Clarke/Warren County line. The property can be accessed via two entrances on the new highway blacktop along the northeast and northwest corners of the property. Excellent creek crossings and interior gravel/asphalt roads provide great access to all of the individual paddocks to easily rotate and work livestock.

The Ernst Farm encompasses everything that a tenured or newer livestock producer could ask for in a farm. This is a rare opportunity to acquire a desirable grass farm in a tightly held area that also checks the income, row crop, recreation, and building site boxes. Please contact one of the listing agents for more information or a private showing of this farm.

Legal Description

Long legal description is on file. Exact legal description to be taken from Abstract.

Directions

From New Virginia, Iowa: Head east out of town on Highway G76 for 7.3 miles. Turn right and go south on US Highway 69 for 3 miles. The property will be on the southeast side of US Highway 69 off of the new blacktop.

From Osceola, Iowa: Go east out of town on Highway 34 and travel 5.9 miles. Turn left onto the Liberty Highway / R59 and continue north for 7.9 miles. Take a slight right onto US Highway 69 and travel northeast for 1.2 miles. The property will be on the southeast side of US Highway 69 off of the new blacktop.

Covenants

None

Improvements

- Excellent Fence
- 5 Individual Paddocks
- Ample Water
- Good Crossings
- Hay Shed

Reserved Items

All Owner and Tenant personal property is reserved.

About The Tenant

The farm is leased to an excellent local tenant who would have an interest in continuing to rent the farm. The lease will be terminated prior to September 1st, 2025. Full possession of the farm will be granted on March 1st, 2026, when the lease term has expired.

Sign On Property: Yes
Parcel Number: 02911, 02898, 02886, 02877, 02909, 02912, 02876, Portion of 02903, Portion of 02904, Portion of 02907
School District: Interstate 35 Community School District
General Area: New Virginia, Iowa
Net Taxes: $5,043.38
CSR2: 44.7
Water: Yes
Zoning: Agricultural

Additional Info

- Total CRP Acres: 134.41

61.78 acres, CP42 paying $14,424 annually ($233.47/acre) through 2027
34.08 acres, CP38E-2 paying $6,564 annually ($192.62/acre) through 2033
27.93 acres, CP42 paying $6,097 annually ($216.30/acre) through 2027
10.62 acres, CP38E-2 paying $2,022 annually ($190.39/acre) through 2033

- This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by Peoples Company, or Seller.

- The current farm lease will be terminated before closing or no later than September 1, 2025, allowing the property to be open for the 2026 crop year.

- All fence and improvements will be sold on an "as-is, where-is" basis. Existing fences will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced, and if needed, it will be the responsibility of the Buyer post-closing. Existing fence lines may not fall directly on the legal boundary.

- The house and buildings will be surveyed off of the original farm and are not included in the sale. Final tract acres are subject to slight change once the survey has been completed. The acreage amount will be updated across all platforms when the survey is made available.

- Farm Program Information is provided by the Clarke County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Clarke County FSA and NRCS offices.

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