Calhoun County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Doster farm sale in far Northeast Calhoun County, Iowa. The farm consists of 114.57 +/- acres, located just 2 miles north of Knierim, Iowa situated in Section 25 of Lincoln Township. The farm will be offered at a public auction on October 20th, 2022 at 1:00PM at the MAC Center located in Manson, Iowa. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 114.57 +/- taxable acres, with 111.88 +/- acres considered cropland acres. The CSR2 weighted average is 82.7, with Canisteo, Clarion, and Nicollet Clay loam carrying the majority soil types on the farm. There are currently 2.8 +/- acres in a CRP program along the drainage ditch on the north side of the farm.
Recent drain tile work throughout the southeast corner of the farm was completed in 2021 with just under 9,500 feet of 5 inch plastic and 8 inch flex as the main. Convenient grain sales are presented at the New Cooperative just south in Knierim, IA. The farm is leased for the 2022 farm season, the lease has been terminated and the new buyer will receive possession for the 2023 farming season.
Call Land Broker/ Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Calhoun County Land Auction.
Farm Information
- 114.57 +/- Acres
- 111.88 +/- Cropland Acres
- 2.80 Acres currently in CRP paying $658 Annually contract expires 9/30/28.
- 82.7 CSR2
- Flat productive farmland
- Strong farming area
- Highly tillable farmland
- Nice all one field
Base Acres
- Corn – 54.70 Ac
- Soybeans – 54.20 Ac
PLC Yield
- 175 – Corn
- 52 – Soybeans
Auction Date: October 20th, 2022
Auction Time: 1:00 PM
Auction Location: MACC Center
Auction Address: 1227 16th St, Manson, IA 50563
Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The farm is currently leased for 2022. Open lease for 2023.
Survey: No survey will be done. 114.57 +/- acres will be the multiplier.
Purchase Agreement: Immediately upon conclusion of the auction, if the seller’s reserve amount has been met, 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: January 4th, 2023.
FSA Information: Call Land Broker 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 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 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. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company.
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
114.57 +/- acres located in Calhoun County, Iowa Lincoln Township, Section 25. Exact legal description will come from the deed.
Taxes:
$3,107.51 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Knierim, Iowa
- Head north on Xenia Ave for 1 mile
- Turn west onto 220th Street for .3 Miles
- Turn north on Xavier Ave and continue for 1 mile
- Farm will be on the east side of the road.
- See signs
