Listing #19718 - 349.09 acres in Wapello County, IA

Wapello County, Iowa Land Auction! - Peoples Company is pleased to present the sale of 349.09 acres m/l of tillable farmland located west of Ottumwa, Iowa. The farm will be offered as 3 individual tracts with both live and online bidding options available on October 30th, 2026, at the Bridge View Center in Ottumwa, Iowa at 10:00 A. M. (CST). Of the total 349.09 acres m/l in this portfolio, the farmland includes 280.17 FSA cropland acres carrying CSR2 ratings in the low-50s to mid-20s. All three tracts have previously been enrolled in CRP; however, all CRP contracts have been cancelled, allowing the new owners to put the farms back into production for the 2027 crop year. These farms are located in a strong farming community near several competing grain markets, which include both grain elevators and ethanol plants. These highly tillable tracts of farmland would make for a great add-on unit to an existing farm operation or an investment-grade land purchase. Tract 1: 195.61 Acres M/L with 155.21 FSA cropland acres, carrying a CSR2 value of 51.8. Located just north of Blakesburg, Iowa. Tract 2: 105.50 Acres M/L with 78.72 FSA cropland acres, carrying a CSR2 value of 38.2. The remainder of the farm is utilized as pasture. Located northwest of Ottumwa, Iowa. Tract 3: 47.98 Acres M/L with 46.24 FSA cropland acres, carrying a CSR2 value of 26.6. Located northwest of Ottumwa, Iowa. The farmland portfolio will be offered as three individual tracts on a price-per-acre basis using the "Buyer's Choice" Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. Both live, in-person bidding and live online bidding options will be available.