Pocahontas County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Gene and Myrtis Allen Revocable Trust farmland auction in Western Pocahontas County, Iowa. Two outstanding tracts of quality farmland will be offered on live public auction Tuesday, August 22nd at 1:00 PM. The farms consists of 75.63 +/- acres and a nice outside short quarter totaling 140 +/- acres. These tracts are located just 3 miles southeast of Albert City, Iowa and are situated in Section 29 and 31 of Marshall 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 Laurens Golf and Country Club located on the west side of Laurens, Iowa.
Tract 1 consists of 140 +/- acres, with 129.91 +/- acres considered cropland acres. The CSR2 weighted average is above county average rated 85.1, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. Tract 2 consists of 75.63 +/- acres, with 74.5 +/- acres considered cropland.The CSR2 weighted average is above county average rated 84.5, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. ** Navigator CO2 pipeline is proposed to go through tract 1 see documents for details. Excellent cash crop grain sale outlets are present in Albert City, Fonda, and soon to be state of the art soybean crushing plant in Storm Lake, IA. The farm is leased for the 2023 growing season. It will be an open lease for the 2024 operating year. There is a 18 inch tile main that runs through the southeast corner of the farm. *See documents for details.
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 Pocahontas County Land Auction.
Farm Information
- Two tracts in close proximity
- Strong Farming Area
- Highly Tillable Farmland
- Compact, Quick Farms
- Tract 1 CRP and Tract 2 CRP are attached in the documents
Base Acres
Tract 1
- Corn – 66.2
- Soybeans – 51.66
Tract 2
- Corn – 39.9
- Soybeans – 25.36
PLC Yield
- 158 – Corn
- 46 – Soybeans
Seller: Gene and Myrtis Allen Revocable Trust
Auction Date: August 22nd, 2023
Auction Time: 1:00 PM
Auction Location: Laurens, IA – Laurens Golf & Country Club
Auction Address: 12582 Highway 10, Laurens, IA 50554
Sale Method: The farms will be sold at live public auction via “Bidder’s Choice” with online and phone bidding opportunities for all buyers
Farm Lease: The farm is currently leased for 2023. The sellers will retain the 2023 cash rent payments.
Survey: No survey will be needed for this property/sale.
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 tenant rights. The sellers will retain the 2023 cash rent payments.
Farm Closing: On or before November 2nd, 2023.
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 seller and Iowa Land Company. All information is subject to change.
Mineral Rights: Mineral rights will be conveyed to the buyer at closing.
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/Auctioneer 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, its 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
140 +/- acres located in Pocahontas County, Iowa Marshall Township, Section 29. Exact legal description will come from the deed.
75.63 +/- acres located in Pocahontas County, Iowa Marshall Township, Section 31. Exact legal description will come from the deed.
Taxes:
Tract 1 – $4,018 +/- Annually Estimated. Taxes to be prorated on the date of closing.
Tract 2 – $2,221 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Albert City, Iowa
Tract 1
- Take 510th Street east out of town for 4 miles
- Turn right on 120th Street and continue for 1.75 miles
- Farm will be on the west side of the road
- See auction signs
Tract 2
- Take 230th Street south out of town for 2 miles
- Turn left on Highway 3 and continue for 2.5 miles
- Farm will be on the south side of the road
- See auction signs
