160th Street, Fairbank, IA 50629 (MLS # 6316453)

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PRICE $1,500,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 163.37 ac Request More Info Schedule a Showing

Buchanan County Farmland Available! A great opportunity to own productive, income-producing land with added recreational value in northeast Iowa. This 163.37 surveyed acre farm consists of 147.04 FSA tillable acres, of which 24.26 acres are currently enrolled into CRP programs, and offers a beautiful 14.53-acre wetland area with a man-made pond creating the ideal bird habitat. The income potential on this property is excellent with the currently farmed acres enrolled into an EQIP 2018 conservation program paying $7,438 annually through 2027 and $1,326 in 2028, rewarding the landowner for following cover-crop and no-till practices. This program can be transferred to the new owner or discontinued if preferred. The 24.26 acres enrolled into CRP is split into six contracts expiring in 2027 and 2032 and paying an average of $291.51 per acre or $7,072 annually. The entire tillable portion of the farm has been pattern-tiled and will require no immediate capital improvements for the new owner. The current owner would be willing to continue renting the farm and would offer a competitive rate, however, the sale is not contingent on a "lease-back". There may be an opportunity to add a manure easement on the farm to ensure optimum fertility for years to come. The farm is located along 160th Street between Dunkerton and Littleton in Section 31 of Fairbank Township, Buchanan County, Iowa. Visit our website for more information regarding this listing!