DESCRIPTION: 153 acres m/l to be offered at auction on Friday, May 3rd, 2024, at 10:00 A.M. This property consists of 153 acres m/l, of which there are approximately 149 taxable acres and 142.16 cropland acres m/l. This tract has an average CSR2 of 71.1, with the Mitchell County average CSR2 being 80.9. DIRECTIONS: From Riceville, Iowa, go west on State Highway #9 to Timber Avenue, then north on Timber Avenue to 440th Street. The subject property is located in the northeast corner of the intersection of Timber Avenue and 440th Street. Please watch for real estate signs. LEGAL DESCRIPTION: (153 Acres M/L) Southwest Quarter (SW1/4) of Section Eight (8), Township Ninety-nine (99), Range Fifteen (15), West of the 5th P.M., Mitchell County, Iowa, Except beginning at the SW corner of the SW1/4 SW1/4, thence East 600' along the south line of said SW1/4 to the point of beginning, then North 615', East 500', South 615', West 500' to the point of beginning. Please refer to the abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 142.16 acres Corn Base: 67.97 acres PLC Yield: 173 bu. Bean Base: 59.43 acres PLC Yield: 53 bu. This property currently has 12.30 acres in CRP along the waterway running north to the south. One CRP contract is for 11.70 acres bid in at $287.18/acre or $3360/yr until 2032. The second CRP contract is for 6/10 acre bid in at $203.67/acre or $122/yr until 2026. The CRP payment due on 10-1-2024 will be paid 100% to the seller. This farm is classified as Highly Erodible Land. This property contains a Wetland or Farmed Wetland. FARM LEASE: The subject property is rented for the 2024 crop year, with current lease to be assigned to buyer at closing. One-Half of the total cash rent due for 2024 will be paid to the buyer at closing. Contact the auctioneer for details. The lease for 2025 has been terminated. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. PROPERTY TAXES: $4,200/year (Est). Property taxes will be prorated to date of closing.