Property Info

Description

Greene County, Iowa Farmland Auction – Mark your calendar for Friday, May 26th, 2023! Peoples Company is pleased to represent the June L. Bowers Irrevocable Trust in the sale of 160 total acres m/l of prime Greene County, Iowa farmland. The farmland is located southeast of Scranton, Iowa at the intersection of paved County Highway E57/290th Street & H Avenue and in Section 7 of Greenbrier Township. The nearly 100% tillable farm includes 155.95 FSA cropland acres and an above county average CSR2 soil rating of 87.8 (compared to the Greene County average of 78.3). The primary soil types include top producing loam soils of Webster, Clarion, Nicollet, and Canisteo.

The farmland will be sold as two individual 80 acre tracts through the Buyer’s Choice Auction Method where the High/Winning Bidder can elect to purchase an individual tract or both tracts. 

Tract 1: 80 Acres M/L with 78.79 tillable acres carrying a CSR2 of 87.9.
Tract 2: 80 Acres M/L with 77.16 tillable acres carrying a CSR2 of 87.7.

These high-quality farmland tracts are located in a strong farming community and would make for a great add-on tract to an existing farming operation or an investment for the Buyer looking to diversify their portfolio or hedge inflation. There are several grain marketing outlets located nearby including grain elevators and ethanol plants that can be accessed by both county and state paved highways.

Both farmland tracts are located at the top end of three different county tile drainage districts that would allow exceptional water drainage. The farm is leased for the 2023 cropping season to a local farm tenant under a cash rent lease with a flex lease provision. The Seller will retain the first half of the cash rent payment and the Buyer will receive the second half and any flex lease payment due. Contact agent for farm lease details.

*NOTE* The farm is located within three different Drainage Districts and one Sub-District - Drainage District 117, Sub-District 74, Drainage District 128, and 85.

There are pending improvements to the districts that have not yet been reflected in the tax assessments, which will be covered by the Seller. As a result, the Buyer of Tract 1 will receive a credit of $2,000 for future drainage assessments, while the Buyer of Tract 2 will receive a credit of $500 for future drainage assessments.

County Drainage Tile:
Drainage District 117, Sub District 74:
The SW corner of Tract 1 is at the very top end of Drainage District 117, Sub District 74. There are two repairs currently scheduled to be done in spring of 2023 on a 28” section of tile in DD 117 just east of Hwy 25. The drainage outlet for DD 74 is a 38” main tile that drains into a bulkhead located 3 miles southwest to the center of Section 10 in Willow Township. From there, water flows through an open ditch to Section 21 of Willow Township.

Drainage District 128:
The southeast corner of Tract 2 is located in Drainage District 128. This farmland is located at the top of the district. There is one repair scheduled to be done the spring of 2023 in Section 18 of Greenbrier Township. The drainage outlet is located 4 miles southeast of the farm in Section 28 of Greenbrier Township.

Drainage District 85:
Drainage District 85 covers the north half of Tract 2 and includes an intake located in the ditch on the north side of the farm. The farmland tracts are located at the top end of the district. There is a repair to be completed near the drainage outlet in the spring of 2023. The drainage outlet is located 1 mile to the northeast in Section 5 of Greenbrier Township.

The two tracts will be offered on a price per acre basis via Public Auction and will take place on Friday, May 26th, 2023 at 10:00 AM at the Scranton Community Center, 900 Madison Street, Scranton, Iowa 51462. The farm will be sold as two individual tracts using the "Buyers 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. "Buyers 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 a Virtual Online Auction option and online bidding will be available.

Legal Description

The Northeast 1/4 of Section Seven (7), Range Eighty-two (82) North, Range Thirty-one (31), Greene County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Jefferson, Iowa head south on Iowa Highway 4 for ten miles until 290th Street/County Hwy E57 and turn right (west). Continue straight on 290th Street/County Hwy E57 for thirteen miles. The farm is located at the intersection of 290th Street/County Hwy E57 & H Avenue on the southwest side. Look for Peoples Company signage.

• Sign On Property: Yes
• MLS Number: 670730
• Parcel Number: 1407200001; 1407200002; 1407200003; 1407200004
• School District: Greene County Community School District
• Online Bidding: Yes
• Auction Date: May 26, 2023
• CSR2: 87.80
• Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights.
• Terms: Cash/Conventional

Auction Details

Tract 1 - County Highway E57/290th Street, Scranton, IA 51462

Photos

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Attachments

• FSA Map
• Total Soils Map
• Tillable Soils Map

Tract 2 - County Highway E57 / 290th Street, Scranton, IA 51462

Photos

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Attachments

• Tillable Soils Map
• FSA Map
• Total Soils Map

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Photos

Tract 1 Photos

Tract 2 Photos