Hamlin Avenue, Lot#WP001, Modale, IA 51556 - Harrison County

This farm is ideal for a buyer seeking passive income from a maintenance-free investment. Three more guaranteed CRP payments totaling more than $205,000 before the farm is eligible for re-enrollment or perhaps put back into row crop production. It’s located at the Missouri River bottom and in an area with many large local operators and grain markets close by. The farm has plenty of drainage and two wells that previously fed two pivot irrigation systems to guarantee strong crop yields year after year.Whether this farm stays enrolled in the Conservation Reserve Program indefinitely or gets put back into grain production someday, it’s a low-risk investment because it will always produce a competitive return.Call the Listing Agent for a showing if you want to learn more about this farm as a good investment opportunity.

Property Features:

- 233.83 NHEL FSA tillable acres with a weighted average CSR2 of 52 (AgriData, Inc. 2022)

- Tillable soils consist of Luton silty clay

- Total farm CRP annual income of $68,565.00

- 3.07% IRR at List Price

- 223.71 acres enrolled in CRP CP23 at $296.40/acre or $66,308.00 annually. This contract expires 9/30/2025

- CRP CP23 is wetland restoration on a floodplain. This program increases water quality and provides critical habitat for wetland species

- 10.12 acres enrolled in CRP CP21 at $223.00/acre or $2,257.00 annually. This contract expires 9/30/2028

- CRP CP21 is a filter strip program required by the wetland restoration on floodplain practice. These filter strips are designed to protect water quality by serving as a natural filter to intercept pollutants while also preventing erosion

- 99.7% of this farm is income producing – very few non-crop or “waste” acres

- Prior to this farm being enrolled in CRP, there were two pivot irrigation systems located on the property. The wells and some infrastructure of the systems still exist and could possibly be operational in the future

- Great farm access off of Hamlin Ave which is a county-maintained gravel road and 260th Street which is a minimum maintenance Level B road

- Farm is currently enrolled in the DNR IHAP (Iowa Habitat and Public Access Program) with allows public hunting from September 1st to May 31st each year. In exchange for allowing public access, the Iowa DNR is solely responsible for the habitat improvement plantings, mowing, burning and maintenance at no cost to private landowner

- This farm is located within three Drainage Districts: Schwertely, Annis, and H&P

- This property is located 2.5 miles east of Modale, IA and 8 miles northwest of Missouri Valley, IA in Section 27 of Taylor Township (27-79N-44W)

- Zoning: A – Agriculture

- School District: West Harrison Community Schools

- Property Taxes: $4,878.00 (2022/2023)

- Drainage Taxes: $947.03 (2022/2023)