2300 Noah Avenue, Guthrie Center, IA 50115 - Guthrie County

KILOTERRA is proud to present this beautiful Guthrie County Farm on behalf of the Marvin Finnegan Estate located in Section 8 of Valley Township, just outside Guthrie Center, Iowa. This farm has been in the Finnegan family for three generations, and is now available to the open market.

In its entirety, the Finnegan property is 310 +/- continuous acres of Row Crop, Cross fenced pasture, Hay, and CRP. The property is being offered all together and split in two smaller parcels. Tract one, as described here, is the South most 118 m/l acres, and is mostly all crop land, with a small portion of hardwood timber, and the balance in waterways. If interested in the other portion of the farm or the entire tract, use the links at the bottom of this description to find details.

Tract 1 boasts an 82.27 CSR2 on 107.28 FSA acres. For the 2022 crop year, the cash rent totals $34,671 on 99.06 planted acres.

The entire farm was operated by the Finnegan family for many decades, though it is now cash rented to a local area farmer. The family has established a positive working relationship with the tenant and speaks highly of the care he gives to the farm. Immediate access will be available to the new owners upon closing on the purchase and full possession is available upon expiration of the current lease on March 1st, 2023 or as agreeable with the current tenant.

The Finnegan family has devoted their lives to working this land, and it is evident by the many improvements made during their ownership.

The row crop land has been improved with effective water management practices including thorough tiling, sculpted terraces, and maintained grass waterways. Good fences separate this tillable portion from the adjacent pasture.

With proximity to Lake Panorama and only a 45-minute drive to Western Des Moines Metro, this is a great opportunity to own a beautiful farm in a highly desired area. For the investor or existing farm operator, this is a chance to add on some very high-quality tillable land to your operation, and a property that is on the market for the first time in three generations. Don't miss out on your opportunity to own this incredible tract of Guthrie County land.

For questions, please contact Land Specialist Keith Davis at (641) 891-0413 or Land Broker Chuck Johnson at (515) 442-7709.

Key Farm Details (Tract 1)

Marvin Finnegan Estate Farm (South 118 m/l acres in E S8-T79N-R31W, excl. home site exact legal to come from abstract)

Not available on the open market for three generations

Located South East of Guthrie Center on Noah Av. In Guthrie County, Iowa.

118+/- ac with 107.28 FSA acres at 82.27 CSR2

Current Crop Acres: 99.06 acres, rented at $350/ac

2022 Total Annual Income: $34,671

Estimated 2022 Annual Taxes: $3,000

Crop ground improved with tiling, terraces, and maintained water ways

Small section of Timber on SE corner of property has several large walnuts for additional future income.

Great add-on piece for an existing farm operation

Several competing grain market options nearby including grain elevators and ethanol plants.

Close to lake Panorama and only 45 minutes to West side of Des Moines Metro

Entire Farm:

310 +/- acres comprised of 266.29 FSA acres at 70.71 CSR2

Current Crop Acres: 161.72 acres, rented at $350/ac

CRP Acres: 11.97 acres, paying $227.17/ac, expiring 2032

Pasture Acres: 79.81 acres, rented at $3,500 per year

2022 Total Annual Income: $62,821

2022 Annual Taxes: $7,900

Tract 2:

North 192 +/- ac with 160.96 FSA acres at 62.97 CSR2

Current Crop Acres: 62.66 acres, rented at $350/acre

Current CRP Acres:11.97 acres, paying $227.17/ac, Expiring 2032

Pasture Acres: 79.81 acres, rented at $3,500 per year

2022 Total Annual Income: $28,150

Estimated Annual Taxes: $5,000

Disclosures & Disclaimers

Please do not visit the property without prior approval, as the home to the NW is not included with the sale and is still occupied.

Property lines and exact acreages subject to survey. Farm acres taken from Mapright, GIS, and other data sourced believed to be reliable, but are not warranted or guaranteed. All acres are subject to reconstitution by Guthrie County USDA Office.