Washington, IA 52353 - Washington County

PROPERTY DESCRIPTION

Iowa Land Company is honored to bring to market a high-quality farm located 9 miles Northeast of Washington, Iowa. This 158 +/- acre farm is 89% income producing acres. The farm consists of 113.51 tillable acres and 27.45 CRP acres. The CRP acres are broken down into 5 different CRP contracts. The numbers for those CRP contracts are below. The farm is rented for the 2019 growing season. The tillable acres are cash rented for $220.00 per acre for a total cash rent income of $24,936. The CRP acres add an additional $5,952 in income annually. There is a legal right away that gives access from the west of Spruce Ave. There is also access from the south off gravel road 200th Street. This is a great opportunity to buy a well taken care of farm in a location where farmland doesnt come available often. For more information or for a private showing contact Land Agent Nick Skinner at 515-650-0974 or Cody Skinner at 515-443-6343 today.

96 cropland acres

CSR2 on cropland acres is 64.9

5 acres being farmed - $220.00 per acre $24,936 annually

45 acres enrolled into CRP ( 5 different contracts ) paying $5,952 annually

10 acres - $193.25 per acre expiring 09-30-2019

6 acres - $218.54 per acre expiring 09-30-2020

.8 acres - $267.60 per acre expiring 09-30-2023

10 acres - $215.56 per acre expiring 09-30-2023

95 acres - $217.58 per acre expiring 09-30-2024

Total farm income is $30,888 annually

Corn PLC Yield of 170

Soybean PLC Yield of 48

Farm is rented for 2019 growing season

Farm lease is a year by year agreement