120.26 Acres in Cumberland, IA - $600,000

McLaren Farm

Long-time family owned farm with some strong income. Some very good soils, plus added benefits of some quality hunting. Farm has a superb tenant in place, or the tenancy will be terminated for farmer owner in 2021.

Town: Cumberland

County: Cass

State: IA

Taxes: $3,106

Terms: Cash, payable at closing

Land Use: 41.6 Eff. Tillable, 61.6 CRP (FSA)

Income: 21,437

Possession: subject to tenancy - may release

Tillable Acres: 41.60

CRP Acres: 61.60

CRP Description: $12,837.36 annual CRP income, as follows: 21.77 acres at $180.06/acre for $3930, expiring 09/30/2022; 28.18 acres at $207.91/acre for $5859, expiring 09/30/2023; 7.57 acres at $300.00/acre for $2271, expiring 09/30/2032; 4.08 acres at $190.53/acre for $777.36, expiring 09/30/2030. (FSA)

CSR Description: CSR1 - 58 - CSR2 64.1 (Surety)