Major Greene & Guthrie County, Iowa Land Auction – Mark your calendar for Thursday, November 4th, 2021 at 10:00 AM! Peoples Company is honored to represent the members of Meinecke Farms Corporation in the sale of 481.51 total acres m/l located around Jamaica, Iowa.
Of the total 481.51 acres m/l, the Meinecke Farms Corporation farmland includes 437.83 FSA cropland acres with 382.15 acres currently in row crop production. There are 53.90 acres currently enrolled in five Conservation Reserve Program (CRP) contracts that expire from 2025 through 2035. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these tracts would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. The farmland has been proudly owned and operated by the Meinecke family for over 60 years.
Tract 1: 90 acres m/l with 86.12 FSA cropland acres carrying a CSR2 soil rating of 83.9. There are currently 66.12 being farmed with a CSR2 soil rating of 85 with an additional 20 acres enrolled into CRP CP-27/28 (Farmable Wetlands Program) through 2026 with an annual payment of $7,080 ($353.99/acre).
Tract 2: 160 acres m/l with 150.98 FSA cropland acres carrying a CSR2 soil rating of 78.8. Currently, 141.43 acres are being farmed with 7.90 acres enrolled in CRP CP-8A (Grass Waterways) until 2025 with an annual payment of $2,860 ($362/acre). This tract also contains five steel grain bins (nearly 9,000-bushel dryer bin built in 1981, 3,660-bushel grain bin built in 1960, and three 3,250-bushel grain bins built in 1960) with approximately 22,500-bushel capacity.
Tract 3: 41.21 acres m/l with 18.30 FSA Cropland acres carrying a CSR2 soil rating of 82.6. The tillable acres are enrolled in CRP CP38E-25 (Rare & Declining Habitat - Prairie Restoration) through 2035 and an annual payment of $3,243 (177.22/acre).
Tract 4: 105.17 acres m/l with 102.31 FSA cropland acres carrying a CSR2 soil rating of 79.2. There are currently 98.91 acres being farmed with an additional 3.40 acres enrolled in the CRP CP-8A & 25 (Grass Waterways & Filter Strips) until 2025 with an annual payment of $1,216 ($357.60/acre). In addition, there are two steel grain bins in an estimated 8,000-bushel capacity.
Tract 5: 40 acres m/l with 37.16 FSA cropland acres carrying a CSR2 soil rating of 77.5. Currently, there are 35.02 acres being farmed on this tract.
Tract 6: 45.13 acres m/l with an estimated 42.96 FSA cropland acres boasting a CSR2 soil rating of 87.4. There are 38.66 acres being farmed with an additional 4.30 acres enrolled in the CRP CP-8A (Grass Waterways) through 2029 with an annual payment of $761 ($177/acre).
The six tracts will be offered via Public Auction and will take place at 10:00 AM at the Jamaica Community Center, NW Corner of Main Street and Van Nest Street, Jamaica, Iowa 50128. The farmland tracts will be sold as six individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until all six tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.
Farm Details
Est. FSA Cropland Acres: 437.83
Est. Effective Cropland Acres: 382.15
Base Acres: 372.0
Corn: 272.30 base acres with a PLC Yield of 148
Soybeans: 99.7 base acres with a PLC Yield of 43
Farm is enrolled in ARC-CO for Corn & Soybeans
*Farm program Information is for the six tracts. Base Acres will be adjusted per the default method when the Farm is reconstituted by the Greene & Guthrie County FSA offices.
Tract 6 - 45.13 Acres M/L
Tract 6 consists of 45.13 acres m/l with an estimated 42.96 FSA Cropland acres boasting a CSR2 value of 87.4. The primary soil types include highly productive Clarion and Nicollet loams. There are currently 38.66 acres being farmed with an additional 4.30 acres enrolled in the Conservation Reserve Program (CRP) until 2029. The CRP practice is CP-8A (Grass Waterways) and has an annual payment of $761 ($177/acre). Located east of the intersection of S. Main Avenue and Ellis Street, this tract offers many possibilities as an affordable farm for a beginning farmer, add-on to an existing farming operation, or a smart investment for the Buyer looking to diversify their portfolio. This nearly 100% tillable farmland tract is located within the city limits of Jamaica, Iowa in Sections 11 and 12 in Richardson Township, Guthrie County, Iowa. Ellis Street provides the legal access for this farmland tract. The Guthrie County Auditor is confirming ownership of an additional 3.30 acres m/l north of Ellis Street and acres may be adjusted prior to the auction.
Estimated FSA Cropland Acres: 42.96
Base Acres: 35.3
Corn: 20.2 base acres with a PLC Yield of 148
Soybeans: 15.1 base acres with a PLC Yield of 43
