1 / 3
Sold
Listing #16611
Peoples Company is pleased to be representing The Estate of Sandra L. Reed by offering 184.55 surveyed acres of the family farm located near Corydon, Iowa.
The farm, offered as two tracts, presents a unique opportunity to assemble highly tillable farmland and current pasture with previous cropping history, including a continuous no-till conservation plan with a corn/soybean rotation, located in a tightly held area of Wayne County, Iowa that has not been available to the public in many years. These two southern Iowa farmland tracts are located along paved County Highway S40 approximately four and one-half miles southeast of Corydon, Iowa, and approximately five miles directly east of Allerton, Iowa. The property is being offered in two tracts consisting of:
Tract 1: 155.22 surveyed acres with an estimated 143.96 FSA cropland acres carrying a CSR2 rating of 49.8.
Tract 2: 29.33 surveyed acres with an estimated 21.71 FSA cropland acres carrying a CSR2 rating of 53.5.
These tracts will be offered via a live Public Auction that will take place at 10:00 AM on Friday, February 24th, 2023, at the Wayne County Fair Event Center located at 800 2nd Avenue in Corydon, Iowa. The land will be sold as two individual tracts using the "Buyer’s Choice" auction method on a price per acre basis and the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.
From Corydon, Iowa: Travel east out of town for approximately 2 miles on Iowa Highway 2, and turn right (south) onto County Highway S40. Continue south for approximately 4 miles and both tracts will be located on the east side of County Highway S40. Tract #1 will be northeast of the intersection of Idaho Road and County Highway S40 and Tract #2 will be southeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
From Allerton, Iowa: Travel south out of town on S26 and turn left (east) onto Idaho Road. Continue east for approximately 5 miles. Tract #1 will be northeast of the intersection of Idaho Road and County Highway S40 and Tract #2 will be southeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
Description
Tract #1 consists of 155.22 surveyed acres with an estimated 143.96 FSA tillable acres carrying a CSR2 of 49.8. The primary soil types of this highly tillable tract consist of Seymour silt loam, Clarinda silty clay loam, Seymour silty clay loam, and Edina silt loam and include a continuous no-till conservation plan with a corn/soybean rotation. Currently, there are an estimated 143.15 acres being farmed. The balance includes grassed waterways located on the northern end of the farm. This farmland tract is available for the 2023 cropping season and is located in the southwest quarter of Section 10 of Jackson Township, Wayne County, Iowa.
**The acreage site located along Idaho Road is not available for purchase.**
FARM PROGRAM INFORMATION:
Cropland Acres: 143.96 estimated
FSA Farm #: 3480
FSA Tract #: 3120
All FSA information, including cropland acres, is subject to change when the farm is reconstituted by the Wayne County FSA Office and NRCS Office. All figures shown are estimates. Please refer to the current FSA 156 and maps for more information. A preliminary conservation plan is available to view. Please contact the listing agent for more information.
Legal Description
The Southwest Quarter (SW 1/4), EXCEPT Parcel A, located in Section Ten (10), Township Sixty-eight (68) North, Range Twenty-one (21) West of the 5th P.M, Wayne County, Iowa. Exact legal description is to be taken from Abstract and/or Survey.
Directions
From Corydon, Iowa: Travel east out of town for approximately 2 miles on Iowa Highway 2, and turn right (south) onto County Highway S40. Continue south for approximately 4 miles and Tract #1 will be located northeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
From Allerton, Iowa: Tract south out of town on S26 and turn left (east) onto Idaho Road. Continue east for approximately 5 miles and Tract #1 is located northeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
Description
Tract #2 consists of 29.33 surveyed acres with an estimated 21.71 FSA tillable acres carrying a CSR2 of 53.5. The primary soil types include Seymour silt loam and Clarinda silty clay loam. Currently, this farmland tract is being utilized as pasture for grazing livestock. The tract has a previous cropping history and includes a continuous no-till conservation plan with a corn/soybean rotation. There is also a shallow pond located on the southeast corner of the tract.
The farmland tract is currently leased for the 2023 grazing season and the Buyer will assume the current farm lease with a credit for the 2023 cash rent received At Closing. This tract is located in the northwest quarter of Section 15 of Jackson Township, Wayne County, Iowa.
FARM PROGRAM INFORMATION:
Cropland Acres: 21.71
FSA Farm #: 3480
FSA Tract #: 3120
All FSA information, including cropland acres, is subject to change when the farm is reconstituted by the Wayne County FSA Office and NRCS Office. All figures shown are estimates. Please refer to the current FSA 156 and maps for more information. A preliminary conservation plan is available to view. Please contact the listing agent for more information.
Legal Description
Part of the Northwest Quarter of Section Fifteen (15) lying North of the C.R.I.P Railroad right-of-way; and all that part of the former C.R.I.&P. Railroad right-of-way located in the Northwest Quarter of Section Fifteen (15); all in Township Sixty-eight (68) North, Range Twenty-one (21) West of the 5th P.M., Wayne County, Iowa. Exact legal description to be taken from Abstract and Survey.
Directions
From Corydon, Iowa: Travel east out of town for approximately 2 miles on Iowa Highway 2, and turn right (south) onto County Highway S40. Continue south for approximately 4 miles and Tract #2 will be located southeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
From Allerton, Iowa: Tract south out of town on S26 and turn left (east) onto Idaho Road. Continue east for approximately 5 miles and Tract #2 is located southeast of the intersection of Idaho Road and County Highway S40. Look for the Peoples Company auction signs.
Cash/Conventional
Remaining terms and conditions are supplied per listing by the CMS.
Loading similar properties…