Excellent investment with good cropland and expiring CRP with high quality soils. Soils include Barnes-Buse-Svea and Lakepark-Roliss-Parnell. The farm has a nice deep ditch to provide an excellent outlet for drainage. According to data provided by the NRCS, soils on this farm have a good average Productivity Index of 85.1.
The CRP land has a good stand of native grasses and should provide excellent pheasant hunting. The CRP has a 100.6 acre contract expiring in 2012 that pays $6,084/year, and an additional 7.5 acre contract expiring in 2013 that pays $457/year. Based on current CRP payment rates, if the new owner prefers to reenroll some of the CRP land at contract expiration instead of converting it to cropland, the new CRP payment rate for this farm would be $175/acre if the owner received Working Lands Initiative funds.
The FSA tillable is 143.4 acres with 35.3 acres currently cropped 108.1acres in CRP.
The USDA Farm Service Agency Payment Base/Yield is as follows:
FSA Base and Yields:
Corn 35.3 Base Ac, 73 Dir Yld, 73 CC Yld
Possession subject to the 2011 crop year.
This farm also has excellent potential for wind development. It is currently receiving approximately $640/year with the potential to receive $6,000-$10,000 per tower or $3,000/year without towers.
Real Estate Taxes 2010 (Non Homestead): $2,256.
This information provided herein is received from other sources and is believed to be correct. NORTHWESTERN FARM MANAGEMENT COMPANY does not warrant its accuracy. We strongly suggest you contact the appropriate sources to confirm this information.