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Agricultural Acreage

For Sale
Agricultural Acreage
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Land Details
Comprehensive information about this agricultural property

Overview

Land Type
Agricultural
Acreage
120 acres
Zoning
A-1 Agricultural
Tillable Land
105 acres (88%)
Topography
Gently Rolling
Soil Type
Loam, Class A

Financial

Asking Price
₹43,125,000
Price per Acre
₹359,375
Annual Taxes
₹240,000
Current Yield
₹3,150,000/year
Assessed Value
₹39,000,000
Last Sale (2010)
₹28,500,000

Description

Productive 120-acre farm with excellent soil quality and high yield potential. This property features 105 tillable acres of Class A loam soil, ideal for corn, soybeans, and wheat production. The land has been well-maintained with proper drainage systems and conservation practices in place. The property includes a small 5-acre wooded area and a 2-acre pond. Currently leased to a local farmer with a proven track record of sustainable farming practices. The farm has consistently produced above-average yields for the region. Located just 10 miles from grain elevators and processing facilities, with excellent access via paved county roads. Water rights are included, with two irrigation wells on the property capable of supporting 80 acres of irrigation.

Features & Resources

2 Irrigation Wells
Machinery Shed
Paved Road Access
Grain Storage (10,000 bu)
Water Rights Included
5-acre Wooded Area

Location

Rural Route 5, Iowa City, IA 52240
Map View

Production History

Crop Rotation

The farm has maintained a consistent crop rotation schedule:

YearCropAcresYieldRevenue
2022Corn105185 bu/acre₹6,375,000
2021Soybeans10558 bu/acre₹4,875,000
2020Corn105178 bu/acre₹5,850,000
2019Wheat10565 bu/acre₹3,150,000

Soil Quality

Soil Composition
  • • 75% Clarion Loam (Class A)
  • • 15% Nicollet Loam (Class A)
  • • 10% Webster Clay Loam (Class B)
  • • pH Level: 6.5-7.0
  • • Organic Matter: 3.8-4.2%
Drainage & Irrigation
  • • Tile drainage installed (2015)
  • • 80 acres irrigation-ready
  • • Two wells (300 ft & 280 ft)
  • • Water rights secured
  • • Pond for additional water storage

Conservation Practices

  • Cover crops used during winter months
  • Contour farming on sloped areas
  • Grassed waterways in erosion-prone areas
  • 5-acre conservation easement (wooded area)
  • Participation in USDA Conservation Stewardship Program
Property Status
Status
For Sale
Listed DateApr 30, 2023
Days on Market67
Last UpdatedJun 15, 2023
Asking Price₹43,125,000
Price per Acre₹359,375
Investment Highlights
  • Productive Farmland

    105 tillable acres of Class A soil

  • Consistent Income

    Current lease generates ₹3,150,000 annually

  • Modern Infrastructure

    Tile drainage, irrigation wells, grain storage

  • Excellent Location

    10 miles to grain elevators and processing facilities

  • Appreciation Potential

    Farmland in region appreciating at 6-8% annually

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