Pleased to present an exceptional income-producing farm located just south of Paton, Iowa in Section 29 of Paton Township. This farm is 62.80 net acres m/l consisting of 59.86 FSA cropland acres and a CSR2 of 83.6. Prominent soil types include highly-productive Canisteo clay loam, Webster clay loam, and Nicollet clay loam. There is no Wetland Determination on file for this tract. All 59.86 cropland acres are currently enrolled in the Conservation Reserve Program (CRP) with expiration dates in 2027 and 2033. Upon expiration of the CRP contracts, these acres would be favorable for farming as they include top-producing soil types, or they could be re-enrolled in their respective CRP programs or be used as a building site. The CRP contract details are listed below: Contract #11367C: 53.36 Acres enrolled in the Pollinator Habitat Program (Practice CP42) with an annual payment of $16,506 or $309.34 per acre. This contract is set to expire in September of 2027. Contract #12027A: 6.50 Acres enrolled in the Farmable Wetlands Program (Practice CP27 & CP28) with an annual payment of $1,950 or $300 per acre. This contract is set to expire in September of 2033. *This contract has been in place since 2009. Access to the farm is from the east side of the property off of Iowa Highway 144. Included on the property is a 52' x 52' pole barn that was built in 1959. It is being sold in 'as is & where is' condition. Visit our website for more information!
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
