Hamilton Land For Sale

Hamilton County, Iowa Farmland Auction -Mark your calendar for Thursday, November 2nd, 2023 at 10:00 AM! Peoples Company is pleased to represent the Carolyn Ann Cottington Estate in the sale of 80 acres m/l of prime Hamilton County, Iowa farmland located just south of Stratford, Iowa. This nearly all-tillable farmland tract can be found in Section 19 in Marion Township and includes a total of 80 acres m/l with 75.08 FSA cropland acres and a CSR2 soil rating of 75.1. The primary soil types on this slightly rolling farmland tract includes clay loam soils of Brownton, Kossuth and Bode. Also, this farmland tract offers opportunities beyond farming with a wind energy lease and a carbon pipeline lease. The location of the farm allows for greats access with County Highway R21 frontage along the westside of the property and the gravel road 380thStreet bordering the southside. There are several grain marketing options that are accessible to this farm including a variety of grain elevators and ethanol plants including but not limited to the POET Ethanol plants in Jewell, Iowa and Gowrie, Iowa as well as the Louis Dreyfus Ethanol plant in Grand Junction, Iowa. The farm has been operated long term by a local farm operator and the farm lease has been terminated; allowing for the farming rights to be available to the new owner for the 2024 cropping season. Agriculture is the fabric of the economy in Hamilton County, Iowa and this farm allows for a great opportunity to own a highly tillable farm in Corn Country whether it is an addition to an existing farming operation or a long-term investment for those looking to diversify their portfolio. Wind Energy Lease:A wind energy lease with Great Pathfinder Wind, LLC is located on the property. The annual payment is $2,653.09 and is payable in March 2024. This payment is calculated based on $30 per acre for 75.52 acres and $0.25 per linear foot for collection lines that total 1,549.96 linear feet. The collection lines are located on the southwest side of the farm and a map is available showing where the lines were installed. The Buyer will receive the March 2024 payment and all future payments from this lease. Please contact agent for additional information or questions regarding the lease. Pipeline Easement:The Navigator CO2 pipeline project known as the Navigator Heartland Greenway is also located on this property. The Seller has entered into an easement agreement and received a partial payment for the proposed easement. The Buyer will assume the agreement and receive the balance of the payments owed related to the easement agreement which will be a lump sum of amount of $45,251. This amount will be paid when the project commences, and the easement is recorded. Buyer will receive any and all future crop loss payments as well. Buyer should acknowledge that these payments are not guaranteed and are subject to the Navigator Heartland Greenway project moving forward and being constructed. Please contact agent for details related to the project, easement agreement and projected payment amounts. Drainage District 229:This farmland tract is fortunate enough to have a 30 county drainage tile main running through the center of it; which would allow for the addition of private drainage tile to be installed and improve the drainage of the farm. There are 6, 10 12 and 30 county drainage tile that are located on this property. The farm is located in the middle of Drainage District 229. Water leaves this farm and Drainage District 229 through the county drainage tile until it eventually outlets through a 32 county main tile that drains northeast one mile into an open ditch. The open ditch is located within Drainage District 9 and in Section 16 of Marion Township. The Hamilton County Drainage Clerk was contacted and there are no repairs currently scheduled to be done in Drainage District 229. Please contact listing agent for additional information or see attachments for a drainage tile map showing the approximate locations of the county tile. The farmland will be sold as one individual tract, on a price-per-acre basis, to the highest bidder. Join us for the public auction at the Stanhope Community Center on Thursday, November 2nd, 2023, in Stanhope, Iowa. If you prefer to participate remotely, the farmland auction will include a Virtual Online Auction option with convenient online bidding.