Legal Description:  

The W ½ NW ¼ of Section 27 and the NE ¼ of Section 28, excluding Lot 1 (acreage); all in T71N, R39W of the 5^th P.M. Montgomery Co. Iowa.

Location:   The farm is located 5 miles south and 5 miles west of Red Oak, Iowa.

Description:  The farm consists of 201.1 acres of productive creek bottom and upland cropland, with the balance of farm in roads, creek and timber, providing excellent wildlife habitat and hunting opportunities.  

FSA Information:  FSA Cropland: 201.1 Acres

   FSA Corn DCP Base Acres  94.4 A   Corn Yields: Direct:  98   CC 139

   FSA Soybean DCP Base Acres  98.4 A    Soybean Yields: Direct:  28   CC  34

The farm is enrolled in current farm program.

 Soils / Topography:  Creek bottom and rolling upland, partially terraced soils with an…

                              Estimated Average CSR = 55.6  

 Real Estate Tax Information:  Taxable acres = 230.04, Annual taxes = $3122.00

                            *2002-2003 taxes payable 2003 & 2004.

Improvements: Hay Shed in fair condition, 2 -5000 bu. Bins, 1-7000 bu. Bin, plus 1-1800 bu. Bin, 18,800 total bushels storage, all in good condition.

Price and Terms: Asking price $401,380.00 cash. Subject to 2003 cash rent lease currently in place.        Full possession March 1, 2004.

 For more information contact: Midstates Farm Management - Doug Hansen, AFM - Broker Assoc.

Office Phone: 712-642-2761 or 1(800) 642-1322  * Cell Phone: 402-290-9521

Email address: dhansen@msbna.com