Wright County, IA
39.00 Acres M/L

Madison Avenue & 150th Street |
Belmond, IA 50421 |
Listing #16897

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$400,000

Property Info

Description

Peoples Company is pleased to present an exceptional income-producing CRP farm located just west of Belmond, IA. The property has 39 acres m/l consisting of 35.71 FSA cropland acres m/l that are currently enrolled in the CRP program. The CRP contract pays $335.57 per acre with an annual payment of $11,983. The CRP acres are enrolled in the CP27/28 program (Farmable Wetlands) and the contract expires in 2031.

After the CRP expires, this farm is a good candidate to be put back into production with the tillable acres carrying a CSR2 of 71.2. A wetland determination has been completed on the farm and has been deemed "prior converted" or PC, allowing for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions. The farm has a 12 inch and 15 inch County Tile that runs through the farm that can be utilized for future drainage projects (See attached Tile Map for more details). The farm is located on paved road Madison Avenue and situated in Section 30 of Belmond Township.

Legal Description

The Southwest Fractional Quarter of the Southwest Quarter (SW FRL 1/4 SW 1/4) of Section Thirty (30), Township Ninety-three (93) North. Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Belmond, IA travel south on Highway 69 for 1 mile until reaching 150th Street. Turn right onto 150th Street and travel for approximately 6 miles. The property is located on the north side of 150th Street.

From Clarion, IA travel north on County Road R38 / Madison Avenue for approximately 6.5 miles. The property is located on the northeast corner of County Road R38 and 150th Street.

Sign On Property: Yes
MLS Number: 674987
Parcel Number: 330300003
School District: Clarion - Goldfield - Dows
General Area: West of Belmond
Net Taxes: $1,058.00
CSR2: 71.20
Possession: At Closing
Terms: Cash, Conventional

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