Excellent Return on Investment Farm! proud to offer 160 acres m/l of Wayne County farmland located just a few miles south of Allerton, Iowa. This farmland is approximately 82% tillable and carries an average CSR2 of 42.7 across the tillable soils. Currently, there are 61.2 acres being farmed in a corn/bean no-till rotation along with 77.84 acres enrolled into a CP1 CRP program. The CRP payment is $179.68 per acre and expires in 2026. The seller would be interested in doing a lease-back on the tillable acres at $180 per acre for crop year 2020 and 2021. At $180 per tillable acre cash rent this farm shows a 4.7% gross ROI. With the middle fork of Medicine Creek cutting across the northeast corner of this farm there is an abundance of recreational opportunities throughout this farm, from deer hunting to bird hunting and more.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
