16384 Iowa 56 Elkader, IA 52043
Estimated payment $13,667/month
About This Lot
Located in the heart of Clayton County, Iowa, 3.5 miles West of Elkader off of Highway 56, this 203.42-acre farm is an exceptional land investment opportunity that combines the beauty of nature with significant future timber potential. This property is truly one of a kind, with its combination of high-quality FSA-certified cropland, established tree planting acres, and an abundance of recreational opportunities. With its unique enrollment in the Conservation Reserve Program (CRP), abundant wildlife, and a diverse range of amenities, this farm stands out as an unparalleled investment for both recreational and long-term financial growth. Out of the total 203.42 acres, 179.19 acres are certified as cropland by the Farm Service Agency (FSA). Of these, 159.39 acres are currently enrolled in the Conservation Reserve Program, a government initiative designed to conserve environmentally sensitive land by planting trees and grasses. These acres are divided into two distinct CRP practices: CP3A and CP25. The predominant tree species is Black Walnut, creating the potential for a multi-million dollar future tree harvest plan. The CP3A practice, which includes 152.39 acres, focuses on tree planting. The vast majority of the trees on this farm were planted between 1996 and 1999, making them between 25 and 30 years old. The dominant tree species is Walnut, known for its high veneer quality, a rare and valuable feature that significantly enhances the farm's future timber value. This CRP contract is set to expire on September 30th, 2027, providing an opportunity for the new owner to explore various land-use options, including timber harvesting, further replanting, or transitioning into other uses after the expiration. In addition to the CP3A contract, the property includes 7 acres enrolled in the CP25 practice, which focuses on native warm-season grasses and a wildflower mix. This area offers unique environmental benefits, creating a haven for pollinators, birds, and other wildlife while contributing to the overall ecological health of the property. These 7 acres can be re-enrolled in September 2027. The CRP contracts pay $31,935 annually for solid income until the expiration in 2027. One of the most notable aspects of this farm is the substantial future timber value. The walnut trees planted in the 1990s are 20 years away from a potential harvest for high-quality veneer wood, which is in high demand in the lumber industry. As the trees continue to grow, their value exponentially increases, and the new owner will have the opportunity to manage and harvest the timber for significant financial return. In addition to the walnut trees, the property also contains a variety of other tree species that contribute to the farm's overall diversity and health. The current owners have worked diligently to maintain and improve the property, focusing on timber stand improvement projects that enhance the growth and efficiency of the walnut stands. These efforts, which include thinning and managing invasive species, have maximized the potential of the tree planting areas, ensuring that the farm will produce quality timber in the years to come. The farm is ideally located near regional sawmills and timber markets making harvest, transport and profitability all on your side. This property is not only an excellent investment for timber production, but it also serves as an oasis for wildlife. A year-round creek runs through the property, providing a reliable water source for local wildlife, including whitetail deer, turkeys, and various other species. The creek also adds to the property's aesthetic appeal, creating a peaceful and serene atmosphere ideal for outdoor recreation. The land offers a variety of recreational opportunities, including hiking, nature walks, horseback riding, birdwatching and of course, hunting. The property is home to an impressive population of whitetail deer and turkeys, making it an exceptional spot for hunting enthusiasts.
Property Details
Property Type
- Land
Lot Details
- 203.42 Acre Lot
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Price Changed | $2,075,000 | -15.0% | -- |
| 03/26/2025 03/26/25 | For Sale | $2,441,000 | -- | -- |
Source: My State MLS
MLS Number: 11458058
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