Adair County land auction – SOLD
PROPERTY DESCRIPTION
***AUCTION UPDATE*** Due to the COVID-19 situation, the auction will be held ON-SITE and not at the Casey Community Center. The farm auction will begin at 1PM and not 12PM, as previously stated. We will have someone at the Casey Community Center directing traffic towards the farm location.
Iowa Land Company is honored to represent the Dailey Family farm sale in Adair County, Iowa. The farm consists of 79 total acres, located just 6 miles south of Casey, Iowa. This is HIGH quality, WELL improved farmland for Adair County. Iowa. The farm will be offered at a public auction on April 9th at 1PM, ON-SITE. The farm will be offered in one tract (See farm details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! The farm consists of 79 +/- acres, with 75.91 +/- acres considered cropland acres. 5.28 acres of the cropland acres are currently in CRP. The CSR2 weighted average is 77.9, with Sharpsburg silty clay loam, Nira silty clay loam and Macksburg silty clay loam. Open lease for the 2020 farming season or option to continue a 50% / 50% share crop agreement with current tenant. Fertilizer has been applied to the farm in 2020 the new buyer will not have to reimburse the sellers for that cost, it will be included into the sale. Over $50,000 worth of tile and terraces have been worked into this farm in recent years. Possession will be day of auction. See you at this Adair County Land Auction!
Call Land broker Matt Skinner at 515-443-5004 or Land Broker/ Auctioneer Luke Skinner at 515-468-3610 for more information on this Adair County Land Auction.
79 +/- Acres
- 75.91 +/- Cropland Acres
- 77.9 CSR2
- Gently rolling farmland
- Well maintained farm
- 5.28 +/- CRP Acres
Base Acres
Corn – 37.80
Soybeans – 26.40
PLC Yield
125 Corn
37 Soybeans
Auction Location: ON-SITE
Auction Address: Corner of Fontanelle Road and 160th St
Sale Method: The farm will be sold as 1 tract at live public auction.
Farm Lease: Open lease for the 2020 farming season or option to continue a 50% / 50% share crop agreement with current tenant.
Survey: Final will be sold using 79 +/- Acre multiplier.
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 the day of auction.
Farm Closing: May 28th 2020, or before.
FSA Information: 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 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.
Brief Legal Description
79 +/- taxable acres located in Adair County, Iowa Walnut Township, Section 31. Exact legal description will come from the deed.
Taxes – $2,000 +/- Annually
From Casey, Iowa
- Go west White Pole Road Ave 2.7 miles
- Turn south on Juniper Ave and continue for 1 mile
- Continue straight on Fontanelle Road for 5.7 Miles
- Farm will be on the west side of the road
