Income Producing Wind And CRP Farm For Sale In Southwest IA
PRICE REDUCED!! Here is your opportunity to own one of Southwest Iowa’s premier wind and CRP farms. There are just under 115 acres enrolled in two different CRP practices paying $28,674 annually. These established native grasses provide abundant nesting and shelter habitat for the wild pheasant population as well as provide great bedding and thermal cover for the whitetail deer. There are two MidAmerican Energy 2.5MegaWatt Wind Turbine Generators that combined produce over $16,000 annually bringing the total farm income in 2019 to $44.842.50. The wind turbine lease value automatically increases 2% per year, so couple that with Iowa farmland appreciation and your return on investment will continue to grow. At list price, the farm is providing a 3.85% ROI. For more information about this farm or to schedule a private showing, call me today.
Property Features:
- 114.94 acres enrolled in CRP ...
- 114.94 acres enrolled in CRP paying $28,674 annually
- 103.3 acres of CP-38E @ $262.31/acre expiring 9/30/2025
- 11.64 acres of CP-21 @ $135.50/acre expiring 9/30/2033
- 45.06 acres of timber draws, brush, cedars and small farm pond
- MidAmerican Energy lease paying $8,084 per wind turbine for a total payment of $16,169 in 2019 - this lease has a built-in compounding 2% increase annually
- 2019 total farm income of $44,842.50
- This farm could be leased for hunting that could generate an additional $1200 - $1600 of income per year
- Located on the Cass/Adams County line 1 mile east of Hwy 148 between Massena and Corning
- From Massena, head south 6 miles to G66. Head east 1 mile on G66. Take 760th St. south ½ mile to the northwest corner of the farm
- There is dirt road access to the farm on the west side from 760th St. and on the south side from Youngstown Road
- The farm is located 72.5 miles from West Des Moines and 69.4 miles from Omaha, NE
- Property taxes are $3,430.00 annually
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