july 18th Auction – cancelled
PROPERTY DESCRIPTION
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Quist Brother farmland auction in northeastern Webster County, Iowa. Two outstanding tracts of quality farmland will be offered on live public auction Thursday, July 18th at 1:00 PM in Vincent, IA. The farms consist of 76.4 +/- acres and a nice compact 59.37 +/- acres. These tracts are located just 3 miles southeast of Vincent, Iowa and are situated in Section 1 and 2 of Colfax Township. This is a great opportunity for local farmers to expand their current farming operation and to give investors the ability to purchase quality farmland acres, in an area where farmland does not come available to the public often. The land auction will be held at the Vincent Community Hall.
Tract 1 consists of 76.4 +/- acres, with 76 +/- acres considered cropland acres. The CSR2 weighted average is above county average at 84.1, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. Tract 2 consists of 59.97 +/- acres, with 58.97 +/- acres considered cropland.The CSR2 weighted average is above county average rating of 87, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. Excellent cash crop grain sale outlets are present throughout the region, contact brokers for details. The farm is leased for the 2024 growing season. It will be an open lease for the 2025 operating year. The buyers will receive the last ⅓ of the cash rent for 2024.
Call Land Broker/Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this excellent Webster County Land Auction.
Farm Highlights
- Two tracts in close proximity
- Strong Farming Area
- Highly Tillable Farmland
- Compact Quick Farm
- CRP on tract 2
- Great access to drainage
- Some tile in place
Auction Date: July 18th, 2024
Auction Time: 1:00PM
Auction Location: Vincent Community Hall
Auction Address: 103 1st St Vincent, IA 50594
Sale Method: The farms will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The farm is currently leased for 2024.
Survey: No survey will be completed.
Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the seller’s attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.
Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers’ attorney trust account. Remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing subject to tenants rights.
Farm Closing: August 29th, 2024.
FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker Luke Skinner or Land Broker Matt Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available or phone bidding. If you choose to bid online please register well in advance.
Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, it’s condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the person’s credentials or fitness to bid.
Brief Legal Description
- 76.4 +/- acres located in Webster County, Iowa Colfax Township, Section 2. Exact legal description will come from the deed.
- 59.37 +/- acres located in Webster County, Iowa Colfax Township, Section 1. Exact legal description will come from the deed.
- 3 miles southeast of Vincent, IA
