Marshall County Farmland auction – Sold
PROPERTY DESCRIPTION
Located in northern Marshall County, Iowa sits these phenomenal 464 +/- acres which will be sold on live public auction with online bidding available. These farms are located in a HIGHLY desired farmland community four miles south of Conrad, Iowa and seven miles north of Marshalltown, Iowa. The farms will be offered as five tracts the day of the sale but the buyer has the ability to pair the tracts (buyers choice) or purchase all tracts together during the opening round of bidding.
The entire farm boasts an average CSR2 of 86.6 and is 95.5% FSA cropland acres. Tract #2 offers ½ mile road frontage along HWY 14. The per tract details are listed below. This is a great opportunity to pick up a top tier farm in an area where farmland is extremely difficult to purchase due to its lack of availability. This is a great chance for a young farmer looking to purchase their first farm, an already existing operator looking to expand their farming operation, or an investor looking to purchase a highly sought after piece of America that has proven to increase in value year after year while collecting an agriculture cash rent check annually!
Call Land Broker Cody Skinner at 515-443-6343 or Land Broker Nick Skinner at 515-650-0974 for more information on this high quality Marshall County Land Auction.
Tract 1 – 91 +/- Taxable Acres
- 89.03 +/- FSA Cropland Acres
- 87.7 CSR2
- Base Acres
- 58.70 Corn
- 26.00 Soybean
- PLC Yield
- 165 Corn
- 53 Soybeans
Tract 2 – 149.57+/- Taxable Acres
- 139.65 +/- FSA Cropland Acres
- 83.3 CSR2
- Base Acres
- 111.9 Corn
- 53.9 Soybean
- PLC Yield
- 165 Corn
- 53 Soybeans
Tract 3 – 72.35 +/- Taxable Acres
- 66.83 +/- FSA Cropland Acres
- 81.5 CSR2
- Base Acres
- 44.4 Corn
- 21.5 Soybean
- PLC Yield
- 165 Corn
- 53 Soybeans
Tract 4 – 72.22+/- Taxable Acres
- 70.17 +/- FSA Cropland Acres
- 94 CSR2
- Base Acres
- 46.52 Corn
- 22.56 Soybean
- PLC Yield
- 164 Corn
- 53 Soybeans
Tract 5 – 79 +/- Taxable Acres
- 77.80 +/- FSA Cropland Acres
- 91.9 CSR2
- Base Acres
- 51.90 Corn
- 25.10 Soybean
- PLC Yield
- 164 Corn
- 53 Soybeans
Auction Date: September 3rd
Auction Time: 1:00 PM
Auction Location: Liscomb Community Building
Auction Address: 114 Main St, Liscomb, IA 50148
Sale Method: The farm will be sold as 5 tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract they desire, they also have the option to purchase multiple or all tracts.
Farm Lease: Farm is leased for 2021. Full possession March 1st, 2022.
Survey: No survey will be provided; we are selling taxable acres.
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: The farm is rented for the 2021 farming season. Buyer will receive full possession March 1st, 2022
Farm Closing: October 13th, 2021
FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the 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 owned by the seller 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 Cody Skinner or Land Agent Nick 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. You must sign up for online bidding at least 48 hours before the sale.
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
464.14 +/- deeded acres located in Marshall County, Iowa Liscomb Township, Section 24 & Vienna Township section 18 & 19. Exact legal description will come from the deeds.
Taxes
Tract 1 – $3,260 est.
Tract 2 – $5,012 est.
Tract 3 – $2,356 est.
Tract 4 – $2,806 est.
Tract 5 – $3,014 est.
From Marshalltown, Iowa
- Head north out of town on Hwy 14 for 7.5 miles
- Turn right (east) on 130th Street
- The farms will be on the north and south side of the road.
- See Signs
