Marshall County, Iowa Land Auction - 898.83 Acres M/L

Major Marshall County, Iowa Land Auction – Mark your calendar for Thursday, July 27th, 2023 at 10:00 AM! Peoples Company is pleased to represent 898.83 total acres m/l of prime Marshall County, Iowa farmland through 10 different tracts ranging in size from 40 acres m/l to 230 acres m/l. These tracts will be offered via the multi-parcel auction format where tracts can be purchased individually or in any combination. Of the total 898.83 acres m/l in this portfolio, the farmland includes 844.29 FSA cropland acres carrying an outstanding CSR2 value of 89.7. The remaining 14.97 FSA cropland acres are currently enrolled in the Conservation Reserve Program (CRP) with contracts expiring in 2025.

Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these highly-tillable, contiguous tracts of farmland would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. This high-quality land portfolio has been proudly owned for many years with a long-term tenant that has taken excellent care of each tract. Farm-approved APH yields for corn range from 215 to 260 and soybeans range from 50 to 67.

Tract 1: 64.85 acres m/l with an estimated 61.91 FSA cropland acres carrying a CSR2 value of 93.5.
Tract 2: 80 acres m/l with an estimated 76.86 FSA cropland acres carrying a CSR2 value of 90.1. 
Tract 3: 80 acres m/l with an estimated 78.15 FSA cropland acres carrying a CSR2 value of 92.3. 
Tract 4: 80 acres m/l with an estimated 78.09 FSA cropland acres carrying a CSR2 value of 92.5. 
Tract 5: 80 acres m/l with an estimated 79.04 FSA cropland acres carrying a CSR2 value of 91. 
Tract 6: 40 acres m/l with 38.16 FSA cropland acres carrying a CSR2 value of 81.3. Of the 38.16 FSA cropland acres m/l, 2.83 acres are enrolled in CRP expiring in 2025 with an annual payment of $1,006 ($355.43 per acre). 
Tract 7: 230 acres m/l to be surveyed with an estimated 221.1 FSA cropland acres carrying a CSR2 value of 91. Of the 221.1 FSA cropland acres m/l, 7.8 acres are enrolled in CRP expiring in 2025 with an annual payment of $2,772 ($355.43 per acre). 
Tract 8: 80 acres m/l with 69.93 FSA cropland acres carrying a CSR2 value of 78.4. Of the 69.93 FSA cropland acres, 4.34 acres are enrolled in CRP expiring in 2025 with an annual payment of $1,543 ($355.43 per acre). 
Tract 9: 87 acres m/l to be surveyed with 81.63 FSA cropland acres carrying a CSR2 value of 90.8.
Tract 10: 76.98 acres m/l with 73.96 FSA cropland acres carrying a CSR2 value of 85.8.

The ten tracts will be offered via a Multi-Parcel Public Auction and will take place at 10:00 AM on July 27th at the City Hall Building, 118 E Main Street, State Center, IA 50247. 

Farm Details

Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted per the default method when the farm is reconstituted by the Marshall County FSA Office.

Directions

From Clemons, Iowa: Travel north out of Clemons on Eastman Avenue for 3 miles until reaching Marble Road. Turn left (west) on Marble Road for 1/2 mile until reaching Durham Avenue. Turn right (north) on Durham Avenue for 2 miles and the farmland will be marked with Peoples Company signs. 

From Zearing, Iowa: Travel east out of Zearing on 130th/Marble Road for 6.5 miles until reaching Durham Avenue. Turn left (north) on Durham Avenue for 2 miles and the farmland will be marked with Peoples Company signs.