Farm Sale Results

160 Acres Plymouth

SOLD!

Number of Acres: 160 acres m/l

Selling Date: 06-23-2022

Selling Price: $21,700/acre

County: Plymouth County, IA

Township: Remsen Township

Documents & Maps

Farm Information

Property Location

Property Location: Two miles south of Remsen on Hwy 140 and 1/2 mile east on 190th St. The farm is on the north side of 190th St.

Legal Description

Legal Description: The Southeast Quarter (SE 1/4), Section Seventeen (17), Township Ninety-two (92) North, Range Forty-three (43) West of the 5th P.M., Plymouth County, Iowa

FSA Information

Cropland Acres: 152.56 acres
Corn Base: 94.08 acres
PLC Yield: 180 bushels/acre
Soybean Base: 56.42 acres
PLC Yield: 57 bushels/acre

*Lease is terminated for 2023

Soils

Primary Soil: Galva
Secondary Soils: Colo & Primghar

Surety/Agridata Avg

CSR2: 92.1

Real Estate Taxes

$4,300/year

Terms

The buyer(s) will be expected to pay 10% cash down payment day of auction and the balance at closing when clear and merchantable title will be given.
Online bidding available at stalcupag.com the day of the sale. Register online at least 24 hours prior to auction.
Closing is scheduled for September 1, 2022. Real estate taxes prorated to date of closing.
Buyer will receive a $20,000 rent credit and $5,100 wind turbine credit at closing for 2022.
The buyer will be assigned the wind turbine easement at closing and will receive the entire 2023 lease payment and all future payments.
Northern Natural Gas has a pipeline easement on the property.
Possession is given at closing, subject to current tenant’s lease expiring February 28, 2023.
Announcements the day of the sale will supersede all other announcements.
The sellers will retain the right to refuse any or all bids.
Stalcup Agricultural Service, Inc. and its representatives are agents for the sellers.

Comments

This is an excellent farm in the Remsen area. It is well located within trucking distance to multiple ethanol plants and feed mills. Improvements were made in recent years including drainage tile installed in 2017 and the waterway was reshaped in 2020. The farm offers an additional income stream from a new wind turbine put up in 2021. For details about the wind turbine easement, contact Chad or Kent at Stalcup Ag Service.