Coin, IA 51636 - Page County

Rare opportunity to own a Southern Iowa Farm of this size with this much potential.

Location: Coin, IA

Short Legal: Twn67N, Rng38W, Sec 7. Legal to govern.

List Price: $1,745,000

Legal Description:

Total Acres: 234+/-

USDA EZ 156 Total Acres: 234+/-

Taxable Acres: 230.72+/-

Taxes: $4978 (2021 Tax Year).

Possession: Farm is available for possession upon closing.

Closing Date: Negotiable.

FSA Information:

Total Acres: 234.3+/-

FSA Tillable Acres: 207.42+/-

FSA CRP Acres: 90.11+/-.

CRP Contract Information:

#11347

Contract Acres: 19.45

Rate: $281.83

Annual Income: $5,482

Expire: 9/30/2027

#11348

Contract Acres: 3.16

Rate: $219.02

Annual Income: $692

Expire: 9/30/2027

#11349

Contract Acres: 8.32

Rate: $274.40

Annual Income: $2,283

Expire: 9/30/2027

#11350

Contract Acres: 19.11

Rate: $222.06

Annual Income: $4,244

Expire: 9/30/2027

#11537

Contract Acres: 40.07

Rate: $173.80

Annual Income: $6,964

Expire: 9/30/2031

Totals:

Contract Acres: 90.11

Annual Income: $19,665

Acres in Row Crop Production:

117.31+/-.

Estimated Cash Rent: $250/tillable acre.

Estimated total crop income: $29,327.

Estimated total annual income from Row Crop Leases and CRP income: $48,992.

Potential hunting lease possible estimate of $2500 to $5000 annually. Possibility to generate annual income of $54,000 with all income sources.

Soils: Of the soils currently in row crop production, the farm has an average weighted CSRII of 63. Of all soils on the map (including the acres in crp) the farm has an average weighted CSRII of 63.6. Soil maps available.

Description: Hightly tillable Page County Iowa farm coming in at app 88.6% Tillable. Rare opportunity to own a Southern Iowa Farm of this size with this much potential. Farm has been well taken care of over the years by the current farmer. The crp acres act as buffer strips for conservation efforts and are well cared for. Farm has good gravel road frontage and offers ample space for equipment to plant and harvest. Excellent opportunity for expansion, investment or 1031 exchange. Farm can be open for the 2024 crop year should you want to farm yourself. Current tenant has done an excellent job with the farm should you require a farmer.