Agricultural Land for Auction in Rolfe, Iowa

AUCTION!! Located northwest of Rolfe, IA, this high-quality farmland boasts an impressive 86.3 CSR2 rating. It comes with a cash rent lease in place, generating $11,550 per year through 2027. This tract offers a fantastic opportunity for those seeking reliable returns on premium tillable ground. This farm offers an attractive rental rate combined with tax credit potential -- a great investment opportunity! The seller has received a tax credit certificate through the Beginning Farmer Tax Credit program. You may be eligible for this tax credit for the next three years; however, it will be your responsibility to apply for the tax credit certificate through the Iowa Agricultural Development Division Board and the Iowa Finance Authority. Legal Description: E 1/2 E 1/2 NW 1/4 Section 25-93-32 Possession Terms: Landlord possession until April 1, 2028. Closing Date: On or before February 21, 2025 Soil Productivity: 86.3 CSR2 FSA Farmland: 39.93 FSA Cropland: 38.53 Taxes: $1,270 Annual Real Estate Earnest Deposit: 10% due upon Seller's acceptance of your bid Tenancy: The farm is rented for the 2025, 2026 and 2027 season. Rent Proration: Buyer will receive all rent for 2025, 2026 and 2027 directly from the tenant on November 1 of each year, in the amount of $11,550, according to the existing lease. THIS PROPERTY WILL SELL AT AUCTION! THE PRICE SHOWN IS NOT REFLECTIVE OF THE ASKING/SALES PRICE!