Kossuth County, Iowa 141.3 +/- Acres Farmland Auction | 2 Tracts

Tract 1 –69.8 +/- Acres

• 68.04 +/- Cropland Acres | 79.8 CSR2
• Gently rolling farmland
• $1,188.99 taxes annually per county assessor website

Base Acres

Corn – 60.90

Soybeans – 0

PLC Yield

166 Corn

N/A Soybeans 

Tract 2 – 71.51 +/- Acres

• 69.94 +/- Cropland Acres | 81.3 CSR2
• Gently rolling farmland
• $1,804.00 taxes annually per county assessor website

Base Acres

Corn – 60.90

Soybeans – 0

PLC Yield

166 Corn

N/A  Soybeans

Auction Location: Ringsted American Legion

Auction Address: 5 W Maple St, Ringsted, Iowa

Sale Method: The farm will be sold as 2 tracts at live public auction as a “buyer’s choice method”. Online and phone bidding will be available for not attendee bidders.  

Farm Lease: Open Lease 2020 

Survey: Final bid multiplier will be based on taxable acres collected from the county assessor page.

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: Farm possession will be at closing. 

Farm Closing: April 24th 2020, or before.

FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights will convey to the buyer.

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 Matt Skinner or Land Broker Luke 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. 

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.