Kellerton, IA 50133(Decatur County)

This is a good opportunity to own a good quality combination farm in south central Iowa with good access to I-35 off exit #18. The cropland is average quality for the area and has good care with above average fertility. The pasture varies from gently rolling to rolling with adequate water with ponds and waterers. The fences are rated in good condition. County Highway J-20 splits the farm with 81 acres south of J-20 and the remainder to the north. The home was built in 1966 and is a 3 bedroom ranch style home with a full basement and large deck. There is a 400 head capacity feedlot with four newer 24 x 104 hoop buildings with concrete lots to the west. There is additional capacity with a 38 x 80 open front building with outside concrete lot that is linked to the cattle working facilities. The feedlot fencing is mostly steel pipe. There is also four 3,000 bu grain bins, a converted corn crib for feed storage and a 32 x 48 open front machine shed with a 19 x 48 lean-to. There is a corral on the south 81 acres.

The farm is currently leased until 2/28/12 thus earliest possession is 3/1/12. The 2011 rent of $35,400 could be prorated with a close prior to 12/31/11. There is a radio tower on the south 81 acres that is owned by WOI radio (Iowa State University) and they currently pay $1,600 per year rent so the total rent in 2011 is $37,000.

This would make an excellent satellite unit for a western or northern Iowa farming operation with cattle emphasis since it is a larger unit with good location for easy access, a home for income, family member or hired hand that provides good security and well maintained land with just enough improvements for easy handling and feeding facilities.