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). 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 farmâ??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. Now only $1,396,928 total consideration or $9,200 per acre for 151.84± acres. Method & Terms of Sale: Exclusively listed agricultural property. 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.
Barnum is located in Iowa. Barnum, Iowa has a population of 289. Barnum is more family-centric than the surrounding county with 42.86% of the households containing married families with children. The county average for households married with children is 24.45%.
The median household income in Barnum, Iowa is $74,000. The median household income for the surrounding county is $56,934 compared to the national median of $69,021. The median age of people living in Barnum is 27.3 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 8.3 degrees. The average rainfall is approximately 34.1 inches per year, with 35.2 inches of snow per year.