#1 • Tract 1 - 79.98 Acres M/L

Part of Palo Alto County, IA Land Auction - 239.90 Acres M/L (#19361) (live auction by Peoples Company)

Location: Graettinger, IA

High bid $13,000.00

Status: Sold

Tract 1 consists of 79.98 gross surveyed acres m/l with an estimated 78.31 FSA cropland acres. The tillable acres carry an average CSR2 rating of 80.3 with primary soil types of highly productive Clarion loam, Canisteo clay loam, and Nicollet clay loam. The cropland acres are classified as NHEL (Non-Highly Erodible Land). Tract 1 sits just outside Drainage District 89 in Palo Alto County, Iowa. A 16” tile line from Drainage District 89 outlets into Tract 1 with tile extending through Tract 1 before draining into the open creek on the neighboring parcel to the south. See the attached Drainage Map document.  Tract 1 Farm Lease: The farm is leased for the 2026 farming season with the terms of the lease ending on February 28th, 2027. Tract 1 has 78.31 total acres leased for a yearly total cash rent payment of $22,553.50. Sellers will retain the first half rental payment of $11,276.75. The second half rental payment for Tract 1 is $11,276.75 and is due to the new Buyer on or before September 1st, 2026.  Access is in the southeast corner of the farm off of 370th Avenue/County Highway N26. Located in Section 21 of Lost Island Township, Palo Alto County, Iowa.  Legal Description The South Half (S 1/2) of the Northeast Quarter (NE 1/4) of Section Twenty-one (21), Township Ninety-seven (97) North, Range Thirty-four (34) West of the 5th P.M. in Palo Alto County, Iowa. Exact legal to be taken from Abstract.  Details Acres: 79.98 Acres M/L Parcel Number: 260021001030, 270021001040 Net Taxes: $2,530.00 CSR2: 80.3   Directions From Graettinger, Iowa: Travel south on Iowa State Highway 4 for 1.5 miles until reaching 300th Street. Turn right (west) onto 300th Street and travel west for 5 miles until reaching 370th Avenue/County Highway N26. Turn left (south) onto 370th Avenue/County Highway N26 and travel south for 0.25 miles. The farm will be located on the west side of 370th Avenue/County Highway N26. Look for the Peoples Company signage.