Peoples Company is pleased to represent the Larry L. Rasmussen Trust in the sale of 213.44 acres m/l located just northeast of Independence in Buchanan County, Iowa! A farmland auction will be held on Wednesday, November 5, at 10:00 AM at the VFW Post 2440 in Independence, Iowa. The land will be offered in two individual tracts using the Buyer's Choice sale method, where the high bidder will be able to choose either or both tracts after the bidding. This land will be sold with NO RESERVE, and all of the proceeds of this sale will be generously gifted to local non-profit organizations.
Tract 1 consists of 133.44 acres m/l with 119.51 FSA Cropland acres carrying a CSR2 of 85.3, as well as a 12-acre m/l building site with a nice Morton building and pasture. The cropland is comprised of 25.13 tillable acres m/l carrying a CSR2 of 88.4 and 94.38 acres with an average CSR2 of 84.5, currently en...
Tract 1 consists of 133.44 acres m/l with 119.51 FSA Cropland acres carrying a CSR2 of 85.3, as well as a 12-acre m/l building site with a nice Morton building and pasture. The cropland is comprised of 25.13 tillable acres m/l carrying a CSR2 of 88.4 and 94.38 acres with an average CSR2 of 84.5, currently enrolled in CRP contracts, paying $30,484.74 annually, and expiring in 2027.
Tract 2 consists of 80 acres m/l with 58.97 FSA Cropland acres carrying a CSR2 of 71.4, as well as 14.19 acres m/l of pastureland. All of the cropland acres are currently enrolled in CRP contracts, paying $18,839.34 annually, and expiring in 2027 and 2031.
The excellent location just off Nathen Bethel Avenue, northeast of Independence, is in the heart of a prime land ownership area with ethanol plants, the Mississippi River, and Cedar Rapids grain markets all less than an hour away. Interested parties will be able to bid in-person or online using the Peoples Company bidding app. The farm can be found in Sections 5 & 6 of Byron Township, Buchanan County, Iowa.
About Larry Rasmussen and the Rasmussen Farm:
Larry Rasmussen was born in 1948 to Emmett and Wylmarie Rasmussen. Larry and his parents, along with help from his sisters Karen and Diane, worked hard on the farm growing grain and cattle to make ends meet. After the passing of Emmett and Wylmarie, Larry inherited the farm and took over all of the day-to-day farming responsibilities. Larry passed away in 2020, generously leaving the farm in a trust to be sold and divided among five local non-profit organizations that held a special place in his heart. The worthy causes receiving proceeds are The Mustang Foundation/Independence Agriculture Education, Inc., Buchanan County Conservation Board, Buchanan County Health Trust, Bechter-Boies VFW Post #2440, and Sheehan-Tidball American Legion Post #0030.
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationFrom Downtown Independence, IA: Travel east on 1st Street/220th Street for 3 miles to Nathen Bethel Avenue. Head north on Nathen Bethel Avenue for 5.25 miles, and the land is located on each side of the road.