Do you think Nora Springs Farm is a good investment?
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The Nora Springs Farm is a 115 acre corn and soybean farm in Floyd County, Iowa. This offering is the first Iowa farm offering for AcreTrader in over two years due to the competitive land market and valuations in the state. We believe Nora Springs Farm provides a favorable entry price in an excellent and productive region.
Terms
Min. Investment$15,000
Target IRR7.30%
Target Return7%
Property TypeFarmland
Target Hold Period8 - 10 years
Target Cash Yield2.9%
Target Raise$1,074,000
Close Date–
Benzinga's Take
Within 60 miles of the Nora Springs Farm are 5 ethanol plants and 2 soy crush facilities, in addition to the various local grain elevators as potential delivery points for the crops the farm produces. This infrastructure around the farm is expected to provide a receptive market for the crops grown on the property and supports a strong local crop basis.SUBSCRIBE TO BENZINGA ALT RATINGS
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What is the target raise?
Target raise is $1,074,000
What is the target cash yield?
Target cash yield is 2.9%
What is the minimum investment amount?
Min. investment is $15,000
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