90 Acres M/L, Dallas County, IA

Peoples Company is offering 90 acres more or less of Dallas County, Iowa farmland located just east of Redfield, Iowa along paved road Old Highway 6 and in Section 3 of Union Township. The Maycock Trust Farm has provided returns for three generations and is a good example of high-quality farmland coupled with a great highway location near town.

The farmland consists of 91.74 FSA NHEL cropland acres and boasts a CSR2 soil rating of 88.9, compared to the Dallas County average of 76. The tillable acres include highly productive soil types of Clarion Loam and Webster Clay Loam. Of the total cropland acres, there are approximately 79.2 Acres currently being farmed with the balance including 11.10 Acres enrolled in the CRP program (Conservation Reserve Program). One of the CRP contracts is set to expire and offers the potential to add more tillable acres. *The discrepancy in the total FSA Cr...

The CRP contract details are listed below:

Contract #10117C 9.90 Acres enrolled in Filter Strips (Practice CP21) with an annual payment of $3,400 ($343.32 per acre). This contract is set to expire Sept. 2024 but the Seller has signed paperwork to continue the CRP practice beyond 2024. A buyer would have the opportunity to discontinue the CRP contract after Oct. 2024 and convert these acres back to tillable farmland.

Contract #11704A 1.20 Acres enrolled in Contour Grass Strips (Practice CP15A) with an annual payment of $360 ($299.43 per acre). This contract is set to expire Sept. 2033.

Electric transmission infrastructure, including a 69 KV electric substation owned by MidAmerican, is located on the adjoining property and could increase the potential for solar development or economic development projects. A Northern Natural Gas Storage lease is located on the westernmost 37.25 acres of the property (Dallas County Assessor Parcel ID #1303100015). The lease will transfer with the land and includes an annual payment that increases $0.35 per acre, per year. Note that the payment is paid in advance, and not in arrears. The payment for 2024 was $23.95 per acre and will increase to $24.30 in 2025.

The farmland has been operated long-term by a reputable local farm tenant and is leased for the 2024 farm year under a 50/50 crop share lease. The yields for the farm are available to interested parties. Please contact the Listing Agent for crop yield information.

Directions

From Redfield, Iowa head east on Old Highway 6 for approximately 1 mile. The property will be located on the south side of the road. Watch for Peoples Company signage.