First Notice Club
February 27, 2014
New Auction:
Clay County – 130 acres, March 21, 2014 @ 10 am, Ruthven Social Center, 1503 Rolling St., Ruthven, IA. 126.72 tillable acres. 73.8 CSR2. Building site .51 acres. Quality farmland tract with a high percentage of tillable land. There is reported to be a good amount of tile with an estimated corn yield around 180 bushels/acre and 50 bushel/acre soybeans. The lease is open for 2014. The building site includes a 5,000 bu. grain bin, shed and corn crib.
Sold:
Story County 76.62 acres – Sold at $9,266/acre
Story County 124 acres – Sold at $10,000/acre
Current Listing:
Warren County – 80 acres - North of Indianola on the south side of G24 one-half mile west of Hwy 65. 68.7 acres in CRP at 262.32/acre for another 12 years. This is a great example of a perfect farm to go into a self-directed IRA. The location will only get better as Des Moines expands and the income is locked in. Hunting and recreation use also with the Middle River along the south line.
Story County 175.76 acres – Located south of Ames. 57.4 tillable acres with an 86.6 CSR. Also 39.1 acres of CRP @$180/acre and 70 acres of pasture. Excellent diversified farm for farm operator and recreational investor with good hunting, fishing and income return. Lies on the east side of Skunk River. Lease is open for 2014. Priced at $4,500/acre
Clarke County 212 acres – Located west of Lakeside Casino. 138 acres of CRP plus new, large 23 acres wetlands/pond, 2 newer 1-3 acre ponds plus hay land. Excellent recreational property for fishing and deer, pheasant, turkey and waterfowl hunting with good building sites. Good location to I-35 and Des Moines. Approx $200,000 in pond and wetlands investment the last 3 years. $3,500/acre
Mark Gannon
Gannon Real Estate & Consulting/US Farm Lease
56722 – 241st Street, Ames, Iowa 50010, 515-291-5942
