Iowa Farmer’s Legacy: Local Charities Benefit from $2.3 Million Land Sale
- Dave Price
- 41 minutes ago
- 2 min read
When a 213-acre farm in Buchanan County, Iowa, went up for auction, it seemed like a typical land sale in the northeast part of the state. But what made it extraordinary was what longtime owner Larry Rasmussen decided to do with the proceeds.
Rasmussen, who passed away in 2020, had no living children. Instead, he left his farmland in a trust to be sold, with all profits going to five Buchanan County charities close to his heart:
The sale brought in $2,293,280, with each organization receiving a share.
“This kind of sale — where local charities are the beneficiaries — doesn’t happen very often,” said Travis Smock, the Peoples Company agent who handled the auction. “It’s a meaningful way to give back to the community.”
Where the Money Will Be Used
One recipient, the Buchanan County Health Trust, helps fund the local hospital, schools, and emergency services, among other organizations. Treasurer Michelle McBride said the donation will have a lasting impact.
“There’s always a need in small rural communities,” McBride said. “Volunteer organizations like fire departments often have limited funds. Gifts like this make it possible to provide better equipment and care for our residents.”
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The Independence Agriculture Education program will also benefit. The organization supports Independence High School’s ag education program and FFA chapter.
“There’s a deep sense of appreciation for Larry’s generosity,” said Michael Haden, FFA advisor and agriculture teacher. “His gift will open doors for students — giving them opportunities they might not have had otherwise.”
The funds, Haden said, will likely support a variety of programs, not just one project. He said that it’s important for his students to be trained – both in technical ways and leadership skills – for future careers in agriculture.
Those jobs might not be in farming, but there are lots of high-demand careers within agriculture-based companies. This money can help those students get work after high school and have a lasting impact on their lives.
Landowner’s Background Leads to Gift
Rasmussen grew up farming with his parents and sisters, raising cattle and growing corn and soybeans. When his parents passed away, he took over the operation, later deciding to leave his land to benefit the community he loved.
(Larry Rasmussen farm in Buchanan County, Iowa. Image courtesy: Travis Smock, Peoples Company.)
At the auction, interest came from across Iowa. But in the end, two young local farmers purchased the tracts. Smock said the sale price matched expectations for the land’s strong soil ratings.
“Larry’s generosity will keep paying dividends right here in Buchanan County,” Smock said. “It’s a lasting legacy for a man who cared deeply about his community.”
