Quality Tillable Farm With Excellent ROI In South Central IA

Description

Excellent quality tillable farm with great return and additional income from a windmill lease. This farm is manicured with tile, terraces and good access. Excellent yield history, including years with well over 200-bushel corn and 60-bushel beans. The farm has been well-maintained by an excellent tenant, and while the 2020 farm lease is open, the current tenant would consider leasing going forward under the right terms and conditions. Call me today to set up a time to tour this farm.

Property Details

  • 171 acres of excellent tillable – average CSR2 of farm is 66
  • Currently custom farmed and cash rent potential according to Adair County averages would be $195/acre or $33,345/year (Source: Iowa State Ag Extension Office 2018 Average Cash Rents)
  • Additonal $10,000/yr income from windmill brings total farm income potential at $43,345/yr.
  • Farm is tiled and terraced and has been well-maintained by an excellent tenant
  • Excellent yield history including years with over 200 bushel corn and 60 bushel beans
  • Farm lease is open for 2020 – current tenant would consider leasing again under right terms and conditions
  • Windmill is in year 1 of a 40 year operating agreement and is transferrable to new owner
  • Farm is located just south of Stuart, IA, and 30 minutes from Des Moines metro.
  • Potential building sites on property
  • Excellent investment opportunity in a very productive farming area
  • Additional hunting lease income possible
  • Property also provides good hunting opportunities for deer, pheasant and turkeys

160th Street and Trenton Avenue
Stuart, Iowa 50250
Two hunters shaking hands outside

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