Lennon Farm

General Description: This farm is 151.84± acres of quality farmland northwest of Barnum, Iowa. Past yields have been as high as 220 for corn and 68 for soybeans. This farm offers an outstanding return on investment! Secure a high price for your corn just down the highway a few miles at the local ethanol plant. Receive a huge, guaranteed payment every year for the acres in the conservation reserve program (CRP). Driving Directions: From the intersection at Highway 7 north of Barnum, go one mile north on Easter Avenue and then two miles west on 180th street to arrive at the farm’s southeast corner. Approximate Legal Description: Fr. SE1/4, except 8.16 acre building site, Section 8-T89N-R30W of the 5th P.M. in Johnson Township, Webster County, Iowa, containing 151.84± acres. Price: Price reduced! Now only $1,396,928 total consideration or $9,200 per acre for 151.84± acres. Method & Terms of Sale: Exclusively listed agricultural property. Interested buyers should contact Brent Larson (515-571-3704) at Sunderman Farm Management Co. to submit offers. Earnest money will be ten percent (10%) of the total sale consideration at the time a purchase agreement is signed. Balance due via wire transfer at time of closing with delivery of warranty deed and abstract showing merchantable title. Real estate taxes prorated to date of closing. Rental Status: Sale is subject to the crop share lease with the current operator through March 1, 2025. CRP Contracts: 14.81 acres through 9/30/2026 at $386.089 per acre, or $5,718 annually 56.92 acres through 9/30/2026 at $326.44 per acre, or $18,582 annually 11.44 acres through 9/30/2031 at $300.00 per acre, or $3,432 annually