160 Acres in Coon Rapids, IA - $1,520,000
160-Acre Income-Producing Coon Rapids Farm
Total Acres: 160
FSA Tillable Acres: 136.4 Acres
Rented Acres: 120 AC at $300/ac ($36,000 annually)
CSR2: 64.1
CRP Acres: 14.29 AC $2,758 annually (Expiring 2030)
This exceptional 160-acre farm offers a lucrative investment opportunity with 136.4 FSA tillable acres, providing a solid foundation for agricultural pursuits. Currently, 120 acres are rented at $300 per acre, generating a substantial annual income of $36,000. The property boasts a CSR2 rating of 64.1, indicative of its productive soil quality and above the Guthrie County average soil productivity.
In addition to the tillable acres, the farm includes 14.29 acres enrolled in the Conservation Reserve Program (CRP), yielding an annual income of $2,758, with the contract expiring in 2030.
The current owner retains the cash rent for 2024, but this can be negotiated to suit the buyers preferences.
Tenants will be terminated by...
Tenants will be terminated by September 1, 2024, making the property open for the 2025 crop year. Possession will be granted at closing, subject to tenant rights.
The current tenant is open to continuing to farm the property for the new owner, providing a seamless transition and ensuring the farm remains productive.
This property represents an outstanding opportunity for both investors and farmers alike. Dont miss the chance to own this highly productive and income-generating farm.
For more information or to schedule a viewing, please contact us today.
