#1 • Howard County, Iowa Farmland Auction

Part of Howard County, IA Farmland Auction - 196.38 Acres M/L (#17339) (live auction by Peoples Company)

High bid $14,050.00

Status: Sold

Howard County, Iowa Farmland Auction - Mark your calendars for Wednesday, February 28th, 2024, at 10:00 AM CST! Peoples Company and 1 Stop Realty are pleased to be representing the Dietz Family in the sale of 196.38 acres m/l of high-quality central Howard County, Iowa farmland with 189.60 NHEL FSA tillable acres, which includes 180.20 acres m/l of current farmland acres carrying a CSR2 value of 83.7. The primary soil types include Clyde silty clay loam, Schley silt loam, Floyd loam, and Oran loam. This land has been owned by the Dietz Family for decades and this is the first time it’s been offered for sale to the public. The farm has been operated by a long-term reputable local farm tenant who has served the Dietz Family as an outstanding steward of the land. Not often does a high-quality farm like this come for sale in this excellent farming neighborhood!   The farm has been deemed prior converted and has gentle rolling slopes that allow water to navigate off of the property and also contains substantial 5", 12", or 15" pattern tiling on the west two-thirds of the farm (see attached Tile Map). The farm is leased for the 2024 cropping season. The balance of the FSA cropland acres includes a total of 9.40 NHEL acres enrolled in four CRP (Conservation Reserve Program) contracts paying $2,599 annually, which include 2.30 acres of CP21 (Filter Strips) expiring in 2028 with an annual payment of $545 ($237/acre), 1.20 acres of CP8A (Grassed Waterway) expiring in 2029 with an annual payment of $284 ($237/acre) and 4.10 acres of CP8A (Grassed Waterway) expiring in 2031 with an annual payment of $1,230 ($300/acre), and 1.80 acres of CP15A (Contour Grass Strips) expiring in 2032 with an annual payment of $540 ($300/acre; see attached CRP Map).   Situated eight miles directly west of Cresco, Iowa, and immediately northeast of the U.S. Highway 63 and Iowa Highway 9 intersection, this highly tillable farm would make for an outstanding add-on unit to an existing farm operation or investment-grade quality land purchase. In addition, there are several competing grain marketing options located nearby with a variety of grain elevators to merchandise crops. The single tract will be offered on a price-per-acre basis via Public Auction and will take place on Wednesday, February 28th, 2024, at 10:00 AM at the Howard County Fairgrounds - Featherlite Center, 220 7th Street W, Cresco, Iowa 52136. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. This property is located within the south half of Section 20 in Howard Center Township, Howard County, Iowa. *This auction is being co-listed with 1 Stop Realty. Please contact Kirk Swenson (507.254.5468 or kirk@farmlandsales.com) and Wendy Forthun, ALC (507.251.1637 or wendy@farmlandsales.com) for more information on this auction. Legal Description The West 1/2 pf SE 1/4 Section 20, Township 99, Range 12 West & SW 1/4 Section 20, Township 99, Range 12 West of the 5th P.M., Howard County, Iowa EXCEPT for: South 20 Rods SW 1/4 SW 1/4; Lot 2, Subdivision of SE 1/4 SW 1/4 as recorded in Field Notes Book B pg. 29; Lot 1, Subdivision of NW 1/4 SW 1/4 as recorded in Field Notes Book B pg. 71; Lot  1, Subdivision of SW 1/4 SW 1/4 as recorded in Field Notes Book B pg. 71; AND Lot 1, SW 1/4 SE 1/4 as recorded in Field Notes Book D pg. 10. Exact legal description to be taken from Abstract. Directions From Cresco, Iowa: Travel west out of town for approximately 8 miles, the farm is located directly northeast of the intersection of U.S. Highway 63 & Iowa Highway 9. Look for the Peoples Company & 1 Stop Realty auction signs. From Lime Springs, Iowa: Travel south out of town to Iowa Highway 9, which is approximately 5.50 miles. The farm will be located on the east side of U.S. Highway 63 and look for the Peoples Company & 1 Stop Realty auction signs.  Sign On Property: Yes MLS Number: 688446 Parcel Number: 100200732010000; 100200731000000; 100200742000000; 100200733010000; 100200734010000; 100200743010000 School District: Howard-Winneshiek Community School District General Area: West of Cresco, Iowa Gross Taxes: $5,966.00 Online Bidding: Yes Auction Date: Feb 28, 2024 CSR2: 83.80 Possession: At Closing, Subject to Tenant's Rights Terms: Cash, Conventional