County Road J43, Redding, IA 50860 - Ringgold County

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KILOTERRA is proud to offer 305 +/- acres of investment grade farmland located in Ringgold County, Iowa. Situated in the Grand River Valley, this farm boasts some of the highest quality soils in the area. The 252.28 DCP farmland acres provide a diversity of income from Row Crop and various Conservation Reserve Programs (CRP). The crop acres are planted nearly 50/50 in Soybean and Corn under a no-till operation to maintain soil health and stability. The remaining acres are a mix of mature timber, river bottom, waterways, and thick bedding cover which provides great habitat and excellent whitetail hunting. Improvements include terraces and tiling, 5 ponds, tower blind, food plots and established native grasses. This farm is a solid investment property with a rich history of great hunting. The section regularly produces deer averaging in the 170 class and several in the 180s and 190s within the past 10 years. All income will be pro-rated to the date of closing, and the buyer has additional income streams available from optional 5 year leaseback of hunting rights ($3,500 /yr) and a proposed timber harvest on the small section of timber South East of Grand River ($9,500 one-time payment). In all, the total income potential is $50,584/yr.

-Gross Income Potential: $50,584 + $9,500 one-time

-Annual Taxes: $4,974

-Location: Section 24 and 25 Benton Township (T68N, R31W)

-Buyer Premium: 1/2%

Acreage / Income Breakdown:

-304.8 Gross Acres (Income Potential: $50,584/yr + $9,500 one-time)

-252.28 DCP Farmland Acres at 60.2 CSR 2

-167.63 Crop Acres (67.6 CSR2) Cash Rented at $200 / acre ($33,526)

-2020 Crop Year Plantings: 85.25 Soybeans, 82.38 Corn

-84.65 CRP Acres (Total Annual CRP Income: $13,558/yr)

-CP 21 - $344.40 / acre at 10.68 acres through 2030 ($3,678/yr)

-CP 25 - $127.99 / acre at 71.57 through 2026 ($9,160/yr)

-CP 21 - $300/acre at 2.4 acres through 2032 ($720/yr)

-SE corner timber harvest, currently bid at $9,500 for Timber Harvest (voidable)

-5-year Hunting Rights Leaseback Option for additional $3,500 / year

Highlights:

-Great Investment Property with Diversity of Income sources (CRP, Beans, Corn, Hunting Lease, Timber)

-All 2020 Income Pro-Rated to the date of closing

-All Leases terminated for the 2021 Crop Year

-Tiled and Terraced

-No-till Planting Practices

-Managed for Trophy Whitetail Hunting

-5 Ponds/watering holes

-Established Food Plots with Tower Blind

-1.5 hrs to Des Moines

-2 Hours to Kansas City