2300 Noah Avenue , Guthrie Center, IA 50115(Guthrie County)

As described here, this farm is a continuous 310 +/- acres. Additionally, the property is also being offered in two tracts. The split will be 192+/- acres of diverse crop, pasture, and CRP to the North and 118 +/- acres of primarily row crop ground to the South. For more details on the individual tracts, follow the links at the bottom of this description.

The farm was originally operated by the Finnegan family for many decades. Now, two local area farmers operate the property, and have established long standing positive working relationships with the family. Immediate access will be available to the new owners upon closing on the purchase and full possession is available upon expiration of the current leases on March 1st, 2023 or as agreeable with the current tenants.

The Finnegan family has devoted their lives to working this land, and it is evident by the many improvements made during their ownership.

The row crop land has been improved with effective water management practices including thorough tiling, sculpted terraces, and maintained grass waterways. For on farm storage, two large grain bins sit just North of the family homestead, and both will be included with the sale. Access has been well thought out as well. Multiple driveways allow for easy movement of equipment during the planting and harvest seasons and the owners even noted the ability to move combines throughout the entire farm without having to remove the head. Additionally, two large Quonset hut style buildings feature 220 V electrical, concrete floors, with one having a powered door, proving amble storage for equipment.

Just under 12 acres of land at the far North end of the property has recently been enrolled into CRP, which provides an annual income and diversity of habitat. The practice is designed to protect against soil erosion, and ensures regeneration of top soil.

The pasture land has seen numerous improvements over the years as well. The property has been cross fenced for rotating cattle, and a travel lane connects both sections of pasture for moving the herd. Two concrete pads for feeders were poured and several feed bunks have been installed in easy to access locations along the feed lot permitter. Two sediment ponds allow for easy manure management in the feed lot. A cistern is located on the West side of the feed lots, which serves as a reservoir for the water supply. An older well exists on the property, but it is likely that a new well would need installed for a reliable water source.

Adjacent to the feed lot is a working shed, complete with concrete floors, expandable panel gates, a tub pusher, head chute, and loading door all designed for easy working of the cattle.

With proximity to Lake Panorama and only a 45-minute drive to Western Des Moines Metro, this is a great opportunity to own a beautiful farm in a highly desired area. For the investor or existing farm operator, this is a chance to add on some very high-quality tillable land to your operation, and a property that is on the market for the first time in three generations. Dont miss out on your opportunity to own this incredible Guthrie County farm.

To learn more, contact Land Specialist Keith Davis at (641) 891-0413 or Land Broker Chuck Johnson at (515) 442-7709.

Key Farm Details:

Marvin Finnegan Estate Farm (E S8-T79N-R31W, excl. home site exact legal to come from abstract)

Not available on the open market for three generations

Located South East of Guthrie Center on Noah Av. In Guthrie County, Iowa.

310 +/- acres comprised of 266.29 FSA acres at 70.71 CSR2

Current Crop Acres: 161.72 acres, rented at $350/ac

CRP Acres: 11.97 acres, paying $227.17/ac, expiring 2032

Pasture Acres: 79.81 acres, rented at $3,500 per year

2022 Total Annual Income: $62,821

2022 Annual Taxes: $7,900

2 Large Quonset Hut buildings w/ concrete floors, 220V electric, garage doors

2 Large Grain Bins North of Homestead

Cattle Working Shed with Tub Pusher, Head Gate, expandable gates, & concrete floors

Pasture with multiple cross fences, feed bunks, concrete feeder pads, & manure silt ponds

Crop ground improved with tiling, terraces, and maintained water ways

Multiple driveways for easy access

Small section of Timber on SE corner of property has several large walnuts for additional future income.

The sellers will offer a multi-year lease of the adjoining 79+/- Pasture ground directly to the East of this farm, subject to the details as agreed by both buyer and seller.

Great add-on piece for an existing farm operation

Several competing grain market options nearby including grain elevators and ethanol plants.

Close to lake Panorama and only 45 minutes to West side of Des Moines Metro

This farm is also available, split in two tracts as follows:

Tract 1:

South 118+/- ac with 107.28 FSA acres at 82.27 CSR2

Current Crop Acres: 99.06 acres, rented at $350/acre

2022 Total Annual Income: $34,671

Estimated Annual Taxes: $3,000

Tract 2:

North 192 +/- ac with 160.96 FSA acres at 62.97 CSR2

Current Crop Acres: 62.66 acres, rented at $350/acre

Current CRP Acres:11.97 acres, paying $227.17/ac, Expiring 2032

Pasture Acres: 79.81 acres, rented at $3,500 per year

2022 Total Annual Income: $28,150

Estimated Annual Taxes: $5,000

Disclosures & Disclaimers

Please do not tour the property without prior approval of listing agents. The Homestead and 2.5+/- acres are not included with sale and the home is occupied.

Property lines and exact acreages subject to survey. Farm acres taken from Mapright, GIS, and other data sourced believed to be reliable, but are not warranted or guaranteed. All acres are subject to reconstitution by Guthrie County USDA Office.

(2) Two-way easements will be established along the South entry way to the homestead as well as the driveway directly West of the Grain bins for easy access by all parties.

Currently, the 2 grain bins and 2 Quonset hut buildings are powered from a shared power supply with the homestead. A new pole will need installed on the buyers side of the line, at the buyers expense within 30 days of closing, or as otherwise agreed with sellers.

Water is currently plumbed to the feedlot from the homestead, which the sellers will have capped off on their side of the line, at the sellers expense, within 30 days of closing, or as otherwise agreed with the sellers.

Power is currently fed from the homestead down to the cattle building, west of the feed lot. This service will be discontinued within 30 days of closing, or as agreeable with the sellers, and any new power lines will be the responsibility of the buyer.

The sellers intend to have an equipment auction after the property transaction closes. The sellers reserve the right to utilize the two large Quonset huts, which will sell with this transaction, up until the time of their equipment auction or as otherwise agreed with the sellers.