G Avenue, Madrid IA, 50220

Property Description

High-Quality Farm in Strong Farming Neighborhood Offered for Sale through the Sealed Bid Auction Method – Representing the beneficiaries of the Alice L. Hoffman Revocable Trust in the sale of 157.30 acres m/l of Boone County, Iowa farmland. The ‘Hoffman Trust Farmland’ heritage began in 1951 with the purchase of this farm by Harold & Opal Hoffman; having provided returns for three generations and now being available to the public for the first time in 73 years. The farmland will be offered through a Sealed Bid Auction with all bids for the property due before 4:00 PM (CST) on Wednesday, September 4th, 2024. Bidders will have a single opportunity to bid on this farmland and a live auction will not follow the Sealed Bid Auction. Please contact the Listing Agent for a copy of the form to submit your bid. The farm is located 4 miles northeast of Perry, Iowa at the intersection of 335th Street and G Avenue on the Boone County side of the Boone / Dallas County line and in Section 31 of Peoples Township. Of the total 157.3 gross acres m/l, there are 144.40 NHEL FSA cropland acres with a CSR2 soil rating of 88, compared to the Boone County, Iowa average CSR2 soil rating of 75.5. Primary soil types include highly productive Clarion loam, Webster clay loam, and Nicollet loam. The farm has been leased by a local operator for several years. The farm lease will be terminated and the 2025 farming rights will be made available to the Buyer. Visit our website for more info!