230th Street
Linden, IA 50146

Description Dallas County, Iowa Land Auction – Mark your calendar for Wednesday, August 25th, 2021 at 10:00 AM! Peoples Company is pleased to be representing the heirs of the Jacob C. Knapp Trust in the sale of 240 total acres m/l located just east of Panora, Iowa and just one mile north of Iowa Hwy 44. The combination of high-quality Dallas County farmland and decades of ownership by the Knapp Family makes for a rare opportunity to purchase land in a tightly held area. The 240 acres m/l will be sold as three individual tracts through the “Buyer’s Choice” Auction Method. Tract sizes will include 40 Acres (Tract 1), 40 Acres (Tract 2), and 160 Acres (Tract 3) and include a total of 225.50 FSA cropland acres with top producing soil types of Clarion Loam, Nicollet Loam, and Canisteo clay loam. All farmland acres are classified as NHEL or Non-Highly Erodible Farmland and won’t require a conservation plan. The farms have been operated by a reputable local farm tenant and would make for a great add-on to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. The smaller tract sizes would also cater to a beginning farmer or a more affordable land purchase. There are several grain marketing options located nearby including the POET ethanol plant in Menlo and several competing grain elevators. The farm lease will be terminated and farming rights available to the Buyer for the 2022 farm year. Dallas County Drainage Ditch #4 flows through tracts 1 and 3 and allows drainage tile to outlet to “daylight”. The open ditch permits water to flow freely and not be hindered by slower underground drainage tiles. There are several competing grain marketing options located nearby including ethanol plants and a variety of grain elevators with close proximity to Highways 44, 141, and Co Rd P46. Also, the property lies just east of Panora, Iowa within Sections 28, 32, and 33 of Lincoln Township. Rural water is available through Xenia Rural Water (3" waterline along the north side of 230th Avenue for the house) with electric service available through Alliant Energy. Tract 1: 40 acres m/l with 35.93 FSA cropland acres and a CSR2 value of 86.6. There are currently 32.10 acres being farmed with an additional 4.20 acres enrolled in the Conservation Reserve Program (CRP) until 2023. The CRP practice is CP-21 Filter Strips and has an annual payment of $1,397 ($332.72 / Acre). This tract also contains a single family, 1.5 story, 1,328 sq, ft, 3 bedroom, and 1.5 bathroom home, built in 1872, and a 10,000-bushel grain bin, built in 1974. The house is known locally as 12221 230th Street, Linden and located on the north side of 230th Street in Section 28 of Lincoln Township. Tract 2: 40 acres m/l with an estimated 39.50 FSA cropland acres carrying a CSR2 value of 88.1. This tract is located on the south side of 230th Street in Section 33 of Lincoln Township. Tract 3: 160 acres m/l with an estimated 150.07 FSA cropland acres and a CSR2 value of 85.4. There are currently 142.27 acres are being farmed with an additional 7.80 acres enrolled in the Conservation Reserve Program (CRP) until 2023. The CRP practice is CP-21 Filter Strips and has an annual payment of $2,595 ($332.72 / Acre). This tract is located on the south side of 230th Street in Sections 32 & 33 of Lincoln Township. The farmland will be offered as three individual tracts via the “Buyer’s Choice” auction method through a live in-person auction as well as a virtual live online auction option. The auction will take place at 10:00 AM at the Panora Community Center, 115 W. Main Street, Panora, Iowa 50216. With the "Buyers Choice" auction method the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tillable tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety or any combination at the conclusion the auction. FSA Cropland Acres: 225.50 Base Acres: 213.30 Corn: 113.40 base acres with a PLC Yield of 152 Soybeans: 99.90 base acres with a PLC Yield of 47 *Farm program Information is for the three tracts. Base Acres will be adjusted per the default method when the Farm is reconstituted by the Dallas County FSA office.