september 25th, 2025 at 1:00PM – for sale
PROPERTY DESCRIPTION
Iowa Land Company is pleased to represent the Frank L Sackett Revocable Trust farmland sale in south central Adair County, Iowa. The farms consist of 114.5 +/- acres, 64.19 acres and 156 acres located just 7 miles South of Greenfield, Iowa and is situated in Section 3,10, and 15 of Richland 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 farm will be offered via live public auction on Thursday, September 25th, 2025 . The sale will start at 1 PM at the Adair County Fairgrounds. Online bidding will be available for anyone looking to bid remotely. Tract 1 consists of 114.5 +/- acres with a 72.2 CSR2 112.56 +/- acres are considered FSA Cropland. Tract 2 consists of 64.19 +/- acres with a 58.8 CSR2 63.26 +/- acres are considered FSA Cropland. Tract 3 consists of 156 +/- acres with a CSR2 of 64.2 148.37 +/- acres are considered FSA Cropland. Tract 3 has a wind turbine located on the east side of the farm. The farm is leased for the 2025 growing season, and the buyer will receive a cash rent credit of $100 per cropland acre at closing. Multiple grain sale opportunities are available throughout the region.
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 Adair County Land Auction.
Farm Information
Tract 1
- 114.5 +/- Acres
- 112.56 +/- Cropland Acres (Per FSA)
- 72.2 CSR2
- Rolling Productive Farmland
- Strong Farming Area
- Highly Tillable Farmland
Tract 2
- 64.19 +/- Acres
- 63.26 +/- Cropland Acres (Per FSA)
- 58.8 CSR2
- Rolling Productive Farmland
- Strong Farming Area
- Highly Tillable Farmland
Tract 3
- 156 +/- Acres
- 148.37 +/- Cropland Acres (Per FSA)
- 64.2 CSR2
- Rolling Productive Farmland
- Strong Farming Area
- Wind ROI (Call Broker for Details
Base Acres
Corn – See attached 156EZ
Soybeans – See attached 156EZ
PLC Yield
142 – Corn
42 – Soybeans
Auction Date: Thursday September 25th, 2025
Auction Time: 1:00PM
Auction Location: – Adair County Fair Ground – 900 NE Elm St, Greenfield, IA 50849
Sale Method: Farms will be offered on CHOICE.
Farm Lease: The farm is currently leased for 2025. Buyer to receive a $100 per cropland credit at closing.
Survey: No survey will be completed.
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. The remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing subject to tenants rights.
Farm Closing: November 13th, 2025.
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 of seller and Iowa Land Company ability. All information is subject to change. The farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
Bidder Registration:. All bidders must have a bid card to bid on the farm. If you plan to register online to bid online please do so ahead of time. If you have any questions on registration please call land broker Luke or Matt Skinner.
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
Tract 1 – 114.5 +/- acres located in Adair County, Iowa Richland Township, Section 3. Exact legal description will come from the farm abstract.
Tract 2 – 64.19 +/- acres located in Adair County, Iowa Richland Township, Section 10. Exact legal description will come from the farm abstract.
Tract 3 – 156 +/- acres located in Adair County, Iowa Richland Township, Section 15. Exact legal description will come from the farm abstract.
Taxes:
T1 – $3,170 +/- Annually Estimated. Taxes to be prorated on the date of closing.
T2 – $1,462 +/- Annually Estimated. Taxes to be prorated on the date of closing.
T3 – $3,860 +/- Annually Estimated. Taxes to be prorated on the date of closing.
Farm Directions:
6-7 miles southwest of Greenfield, IA – 5 miles west of Orient, IA
