OWNER
Calgaard Estate
AUCTION LOCATION
LandProz.com
or
In-Person at AuctionCast Studios:
1800 Roscoe Avenue, Zumbrota MN
PROPERTY DESCRIPTION
LandProz is pleased to present the Calgaard Estate Auction in Worth County, IA. This 180.65 +/- Acres will be offered to the public to bid their price via AuctionCast at LandProz.com
Online Bidding will open August 12, 2026.
Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Agent/Auctioneer JJ Wise at 641-420-7355 for more information regarding this auction.
WHOLE FARM
Rarely does an opportunity arise to acquire a large, highly productive tract of North Iowa farmland that combines premium soils, strong farm income, wind energy revenue, excellent accessibility, and long-term investment potential. This exceptional offering consists of 180.65 +/- deeded acres located in a highly regarded farming area Northeast of Joice, Iowa and Southeast of Lake Mills, Iowa. The property includes approximately 170.09 +/- tillable acres, providing a substantial amount of highly productive cropland suitable for today's modern farming operations. With a weighted average CSR2 of approximately 80.5, this farm ranks among the area's high-quality agricultural assets. The predominant soil types are Clarion loam and Webster-Nicollet complex, both well-known throughout Iowa for their fertility, productivity, and ability to consistently produce strong yields. In addition to its outstanding crop-producing capabilities, the farm offers diversified income through three wind turbines, generating annual wind lease payments and providing an attractive supplemental revenue stream. Combined with crop income, the property has historically generated approximately $56,296.00 in annual farm income, creating a compelling investment opportunity for both operators and absentee landowners. The farm includes approximately 3.7 +/- acres enrolled into CRP. Of those acres, approximately 2.6 +/- acres are enrolled through September 30, 2027, and 1.1 +/- acres remain enrolled through September 30, 2029, providing additional conservation income while maintaining the property's overall productivity. Drain tile improvements are in place throughout the farm, supporting efficient water management and helping maximize crop performance. The property's layout has been designed for efficiency, featuring large field configurations, multiple access points, and the added benefit of established wind turbine roads that provide excellent access for farm equipment. These features contribute to streamlined planting, spraying, and harvesting operations while minimizing time and operational costs. The farm is currently subject to crop leases for the 2026 growing season, allowing buyers to receive income immediately upon ownership. Beginning with the 2027 crop year, the property will be open for owner operation, offering flexibility for farmers looking to expand their operations or investors seeking future leasing opportunities. Beyond its agricultural productivity, this fertile farmland may qualify for significant Section 180 nutrient application deductions, creating additional tax planning advantages for qualified buyers and operators. Situated in a strong agricultural region with excellent access to local grain markets and farming infrastructure, this property represents a unique opportunity to acquire a large-scale tract of premium Iowa farmland with proven income history, excellent soils, and long-term appreciation potential. This is an outstanding opportunity to acquire a large, contiguous, income-producing Iowa farm that offers the rare combination of superior soils, strong historical income, renewable energy revenue, operational efficiency, and long-term investment value. For additional information regarding wind lease agreements and annual income, please contact the auction manager.
• 180.65 +/- Deeded Acres
• 170.09 +/- Tillable Acres
• 3.7 +/- CRP Acres, Expiring on 9/30/27 and 9/30/29
• CSR2 of 80.5
• Prominent Soil Types: Clarion Loam & Webster-Nicollet Complex
• 3 Wind Turbines with Annual Wind Payment/Income
• Historic Annual Farm Income of $56,296.00
• Prime Iowa Farmland
• Crop Lease in Place for 2026, Open to Farm in 2027
• Drain Tile in Place
• Fertile Farmland That May Qualify for Large Section 180 Legacy Tax Nutrient Deductions
• Large Access Points Throughout the Farm with Use of the Wind Turbine Road
• Excellent Layout for Efficient Farm Operations
• Great Location Northeast of Joice, IA and Southeast of Lake Mills, IA
• For More Information Regarding Wind Lease and Income, Please Contact Auction Manager
• Real Estate Taxes: $5,864
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TRACT 1
Presenting a premier tract of highly productive North Iowa farmland consisting of 116.65 +/- deeded acres, located in a desirable agricultural region Northeast of Joice, Iowa and Southeast of Lake Mills, Iowa. This outstanding farm offers an exceptional combination of strong productivity, income generation, operational efficiency, and long-term investment value. The property features 108.93 +/- tillable acres with an impressive CSR2 rating of 78.9, highlighting the farm's excellent agricultural capability and consistent yield potential. The dominant soil types include highly regarded Clarion loam and Webster-Nicollet complex, both known throughout Iowa for their fertility, moisture-holding capacity, and productivity. Adding to the property's excellent income profile, the farm includes two wind turbines that provide annual wind lease income, creating an additional revenue stream beyond traditional crop production. The tract also includes approximately 1.1 +/- acres enrolled into CRP, with the current contract expiring on September 30, 2029. Drain tile improvements are already in place, helping maximize field performance and supporting efficient water management across the farm. Operationally, this property is designed for efficiency. Large access points throughout the farm, combined with the use of the established wind turbine roadway system, provide excellent accessibility for modern farm equipment. The farm's layout allows for highly efficient field operations, reducing time and costs associated with planting, spraying, and harvesting activities. For buyers seeking tax advantages, this fertile farmland may qualify for substantial Section 180 nutrient application deductions, presenting an additional financial benefit for farming operations and long-term ownership planning. The farm is currently subject to a 2026 crop lease, providing near-term income while offering the flexibility for a buyer to farm the property beginning with the 2027 crop season. Located in a strong agricultural area of Worth County, this property represents a rare opportunity to acquire high-quality Iowa farmland with excellent soils, strong income potential, wind energy revenue, proven productivity, and outstanding access. For additional information regarding the annual income, please contact the auction manager. This is a rare opportunity to invest in a highly productive and income-producing Iowa farm with exceptional long-term value.
• 116.65 +/- Deeded Acres
• 108.93 +/- Tillable Acres
• 1.1 +/- CRP Acres, expiring on 9/30/29
• CSR2 of 78.9
• Prominent Soil Types: Clarion loam & Webster-Nicollet complex
• 2 Wind turbines with annual wind payment/income
• Historic annual farm income of $56,296.00
• Prime Iowa farmland
• Crop lease for 2026, open to farm in 2027
• Drain tile in place
• Fertile farmland that will qualify for large section 180 legacy tax nutrient deductions
• Large access points throughout the farm with use of the wind turbine road
• Excellent layout for very efficient farm operations
• Great location Northeast of Joice, IA and Southeast of Lake Mills, IA
• For more information regarding wind lease and income please contact auction manager
• Real Estate Taxes: $3330
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TRACT 2
Located in a highly desirable agricultural area of North Iowa, this exceptional 64 +/- deeded acre farm offers an outstanding opportunity to acquire a productive and income-generating tract of farmland. Situated Northeast of Joice, Iowa and Southeast of Lake Mills, Iowa, this property combines excellent soils, strong farmability, additional wind energy income, and long-term investment potential. The farm features approximately 61.16 +/- tillable acres with an outstanding CSR2 rating of 83.4, reflecting the property's exceptional productivity and agricultural value. The predominant soil types consist of highly sought-after Clarion loam and Webster-Nicollet complex, both recognized for their fertility, consistency, and ability to support strong crop yields. Adding to the property's appeal is the presence of one wind turbine, providing annual wind lease income and creating an additional revenue source beyond traditional crop production. Combined with its productive farmland base, this tract offers an attractive balance of operational and investment benefits. Approximately 2.6 +/- acres are enrolled into CRP, with the current contract scheduled to expire on September 30, 2027. The property also benefits from an established drain tile system, enhancing drainage and supporting maximum field performance during varying weather conditions. The farm is currently leased for the 2026 crop season, providing immediate income for investors while allowing the new owner the opportunity to operate the farm beginning with the 2027 crop year. The tract's efficient field configuration and excellent accessibility make it well-suited for modern farming practices. Multiple access points throughout the property, along with the use of the wind turbine roadway system, allow for convenient equipment movement and highly efficient field operations. In addition to its productive capabilities, the farm may qualify for significant Section 180 nutrient application deductions, providing potential tax advantages for agricultural operators and investors alike. Whether you're seeking a high-quality addition to an existing farming operation, a strong agricultural investment, or a productive tract with supplemental wind income, this farm presents an excellent opportunity in one of Iowa's premier farming regions. For additional information regarding annual income, please contact the auction manager. Opportunities to acquire productive, high-CSR2 farmland with supplemental wind revenue and excellent operational characteristics are increasingly rare, making this an outstanding offering for both investors and operators.
• 64 +/- Deeded Acres
• 61.16 +/- Tillable Acres
• 2.6 +/- CRP Acres, expiring on 9/30/27
• CSR2 of 83.4
• Prominent Soil Types: Clarion loam & Webster-Nicollet complex
• 1 Wind turbine with annual wind payment/income
• Historic annual farm income of $56,296.00
• Prime Iowa farmland
• Crop lease for 2026, open to farm in 2027
• Drain tile in place
• Fertile farmland that will qualify for large section 180 legacy tax nutrient deductions
• Large access points throughout the farm with use of the wind turbine road
• Excellent layout for very efficient farm operations
• Great location Northeast of Joice, IA and Southeast of Lake Mills, IA
• For more information regarding wind lease and income please contact auction manager
• Real Estate Taxes: $2534
TERMS
10% [non-refundable] of earnest money down on the day of the auction or mailed to LandProz Real Estate Trust: 111 East Clark St, Albert Lea, MN 56007 within 3 business days. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid. This is being advertised as a reserve sale, and sellers may choose to accept or reject any and or all bids. Sellers may choose at sellers’ sole discretion during or after the auction sale to deem the reserve lifted on the tract offered and at that point the tract will be confirmed by the auctioneer. Buyers will need to provide a letter of credit or proof of funds to the auction manager or auction company prior to being approved for bidding. The closing will be on October 1, 2026, subject to title. There will be no financing contingencies. Bidding will be dollars per deeded acres of Tract 1 [116.65 +/- acres] and Tract 2 [64 +/- Acres] multiplied by the bid price. There will be a 2% buyer’s premium added to the purchase price. Possession will be at closing subject to current tenant’s rights that terminate March 1, 2027, unless other arrangements are made. The property is subject to all recorded easements and options, contact auction manager for more information. Buyers to perform their own due diligence and sellers or seller’s agent do not guarantee building or homesites as the property is being sold as-is where-is with all faults, and that seller or seller's representative is not making any warranties or representations of any nature, whether express or implied nor do any agents of seller make any warranties or representations of any nature, whether express or implied with no guarantees. Any statement made on the day of the auction takes precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee its accuracy.
CONFIDENTIALITY OF DUE DILIGENCE MATERIALS
As a condition of becoming a Registered Bidder and receiving access to due diligence materials concerning the Property, Bidder acknowledges and agrees that all due diligence materials furnished by Seller, Seller’s representatives, Auction Company, Broker, or their agents (the “Confidential Information”), including but not limited to wind energy agreements, easement agreements, lease agreements, payment histories, revenue information, operating information, surveys, title materials, financial records, maps, reports, correspondence, and other property-related documents, are confidential and proprietary.
Bidder shall use the Confidential Information solely for the purpose of evaluating the Property and determining whether to participate in the auction and purchase the Property.
Bidder shall not disclose, distribute, copy, reproduce, publish, transmit, or otherwise make available any Confidential Information to any person or entity except Bidder’s attorneys, accountants, lenders, financial advisors, consultants, and agents who have a legitimate need to review such information for purposes of evaluating the Property and who agree to maintain the confidentiality of such information.
Bidder shall not post, publish, or distribute any Confidential Information through any public medium, including social media, websites, marketing materials, electronic communications, or industry publications.
If Bidder elects not to purchase the Property, or upon request by Seller or Auction Company, Bidder shall promptly destroy or delete all Confidential Information and any copies thereof, except as required to be retained by law or in the ordinary course of professional recordkeeping.
Seller and Auction Company make no representation that disclosure of the Confidential Information is authorized by any third party. Bidder acknowledges that certain materials may contain confidential information belonging to third parties and agrees to maintain the confidentiality of such information.
The obligations contained in this provision shall survive the conclusion of the auction regardless of whether Bidder submits a bid or purchases the Property.
Bidder specifically agrees that any wind energy easement agreements, amendments, payment schedules, revenue statements, annual payment information, operator correspondence, and related documents provided during due diligence shall be treated as confidential information and shall not be disclosed to any third party except as expressly permitted herein.
