247.7 acres, m/l, located 3 miles east of Luton, IA on the south side of County Road D51 (250th St.).
Farm has an estimated 242.57 FSA crop acres - all enrolled in CRP contracts. (A portion of the farm was recently surveyed off affecting both Crop and CRP acres).
- There are 77.47 acres enrolled in a CP23 CRP contract that pays $28,302 annually and expires 9/30/2025
- There are an additional 165.2 est. acres enrolled in a CP42 CRP contract that pays approx. $53,191 annually and expires 9/30/2026.
Enrolled acres and contract payments are subject to reconstitution of farm by FSA/NRCS
This farm is an investor's dream, checking many boxes including high income-producing and high return on investment priced at 5.3%