TBD Dove Avenue, Joice, IA 50446 (MLS# 7097782)

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Property Description
This auction will be held on August 26th, 2026 at 3PM. The land will be offered in two different tracts or the whole farm option. Rarely does an opportunity arise to acquire a large, highly productive tract of North Iowa farmland that combines premium soils, strong farm income, wind energy revenue, excellent accessibility, and long-term investment potential. This exceptional offering consists of 180.65 +/- deeded acres located in a highly regarded farming area Northeast of Joice, Iowa and Southeast of Lake Mills, Iowa. The property includes approximately 170.09 +/- tillable acres, providing a substantial amount of highly productive cropland suitable for today's modern farming operations. With a weighted average CSR2 of approximately 80.5, this farm ranks among the area's high-quality agricultural assets. The predominant soil types are Clarion loam and Webster-Nicollet complex, both well-known throughout Iowa for their fertility, productivity, and ability to consistently produce strong yields. In addition to its outstanding crop-producing capabilities, the farm offers diversified income through three wind turbines, generating annual wind lease payments and providing an attractive supplemental revenue stream. Combined with crop income, the property has historically generated approximately $56,296.00 in annual farm income, creating a compelling investment opportunity for both operators and absentee landowners. The farm includes approximately 3.7 +/- acres enrolled into CRP. Of those acres, approximately 2.6 +/- acres are enrolled through September 30, 2027, and 1.1 +/- acres remain enrolled through September 30, 2029, providing additional conservation income while maintaining the property's overall productivity. Drain tile improvements are in place throughout the farm, supporting efficient water management and helping maximize crop performance. The property's layout has been designed for efficiency, featuring large field configurations, multiple access points, and the added benefit of established wind turbine roads that provide excellent access for farm equipment. These features contribute to streamlined planting, spraying, and harvesting operations while minimizing time and operational costs. The farm is currently subject to crop leases for the 2026 growing season, allowing buyers to receive income immediately upon ownership. Beginning with the 2027 crop year, the property will be open for owner operation, offering flexibility for farmers looking to expand their operations or investors seeking future leasing opportunities. Beyond its agricultural productivity, this fertile farmland may qualify for significant Section 180 nutrient application deductions, creating additional tax planning advantages for qualified buyers and operators. Situated in a strong agricultural region with excellent access to local grain markets and farming infrastructure, this property represents a unique opportunity to acquire a large-scale tract of premium Iowa farmland with proven income history, excellent soils, and long-term appreciation potential. This is an outstanding opportunity to acquire a large, contiguous, income-producing Iowa farm that offers the rare combination of superior soils, strong historical income, renewable energy revenue, operational efficiency, and long-term investment value. For additional information regarding wind lease agreements and annual income, please contact the auction manager.

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