Appanoose/Davis County, Iowa 469 +/- Acres Land Auction | 6 Tracts

PROPERTY DESCRIPTION

Iowa Land Company is honored to represent the Ron and Diane Mason Farm.  The 469 M/L acres are in Appanoose and Davis Counties in SE Iowa and with a mixture of tillable, pasture, hay and recreation ground, this farm will have something for everyone. Just 10 miles SW of Drakesville, 8 miles North of Moulton and 7 ½ miles South of Unionville, Iowa. Smith Fertilizer and Grain, Troy Elevator in Bloomfield and Blakesburg are all approximately 15-17 miles away.

The farm will be offered at public auction on Thursday, August 8 at 11:00am in the Fair Hall at the Bloomfield, Iowa Fairgrounds.  This is a great opportunity to buy good dirt in SE Iowa that does not come up for sale often.  This farm has been is the Mason family for 53 years.  The farm is rented for the 2019 growing season however the buyer will receive a pro-rated cash rent. Call Land Agent Jim Davis at 641-777-5484 for more information.

Tract 1 – 44.34 +/- Acres  (Breakdown of acres are below for this tract)

 41.12 +/- Cropland Acres  | 38 +/- Tillable Acres Currently  |  CSR2 46.6

• Buyer will receive $1530 of 2019 cash rent at closing. Call Jim for details
• Great starter farm for a young farmer, or for a local operator to add acres to their operation/portfolio.
• Seymour silt loam and Edina loam soils make up the majority of this farm.
• Pipeline runs through tract 1

Tract 2 – 59.25 +/- Acres (Breakdown of acres are below for this tract)

52.04 +/- Cropland Acres  | 45 +/- Tillable Acres  |  CSR2 39.1

• Buyer will receive $1,830.51 of the 2019 cash rent at closing. Call Jim for details
• Great starter farm for a young farmer, or for a local operator to add acres to their operation/portfolio.
• Well maintained farm and does offer building potential off 208th Street.
• Easement access for tract 5 from 208th Street (The South) goes along the East side of the boundary fence line. Call Jim Davis for details.
• Subject to survey if needed. Buyer and Seller split survey costs.

Tract 3 –  57 +/- Acres  (Breakdown of acres are below for this tract)

47.06 +/- Cropland Acres  |  14 +/- Tillable Acres  | 33 +/- Hay Acres  |   CSR2 27.4

• Buyer will receive $569.25 of the 2019 cash rent at closing. Call Jim for details
• This tract currently offers a combination of row crop and hay/alfalfa mix.
• This tract also offers a pond near 497th Street on the North side of the tract with good road access.
• This tract offers recreation possibilities that would be attractive to any hunting minded buyers. Wildlife are seen regularly.

Tract 4 –  42.25 +/- Acres  (Breakdown of acres are below for this tract)

37.26 +/- Cropland Acres  |   11 +/- Tillable Acres  | 26.26 +/- Hay Acres |   CSR2 36.5

• Buyer will receive $447.48 of the 2019 cash rent at closing. Call Jim for details
• Great starter farm for a young farmer, or for a local operator to add acres to their cattle operation.
• This tract currently offers a combination of row crop and hay.
• 40 x 100 hay barn, nice pond.
• Subject to survey if needed. Buyer and Seller split survey costs.

Tract 5 –  134.25 +/- Acres  (Breakdown of acres are below for this tract)

54.03 +/- Cropland Acres  |  18 +/- Tillable Acres  | 36.03 +/- Hay Acres  |   CSR2 37.8

• Buyer will receive $731.61 of the 2019 cash rent at closing. Call Jim for details
• Great tract for a buyer looking to add quality pasture and row crop/hay acres to their cattle operation.
• Combination farm that offers many possibilities for the recreation minded buyer. Secluded and is ready to be shaped into a great hunting farm.
• Newly built pond, good road access, quality pasture, good fence.
• Easement access from 208th Street (The South)
• Subject to survey if needed. Buyer and Seller split survey costs.

Tract 6 –  132.25 +/- Acres  (Breakdown of acres are below for this tract)

25.16 +/- Cropland Acres  |  25 +/- Tillable Acres  |   CSR2 42.1

• Buyer will receive $1,016.73 of the 2019 cash rent at closing. Call Jim for details
• Combination farm that offers many possibilities for the recreation minded buyer. Secluded and 25 row crop acres for foodplot possibilities make for a great hunting farm.
• Great tract for a buyer looking to add quality pasture and row crop/hay acres to their cattle operation.
• Quality pasture, good fence, pond, row crop acres.
• Subject to survey if needed. Buyer and Seller split survey costs.

Auction Date: August 8th

Auction Time: 11AM

Auction Location: Davis County Fairgrounds

Auction Address: 20471 Old HWY 2 Bloomfield, IA  52537

Sale Method: The tracts will be offered for sale via live public auction sold using “Bidders Choice” method.

Survey: Tracts will be surveyed split 50/50 between buyer and seller if tracts need to be surveyed.

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 seller’s attorney trust account. Remaining balance will be due at closing.

Farm Possession: The farm is rented for the 2019 farming season. Buyer(s) will receive  pro-rated cash rent income credit at closing.  2020 farming season will be open for the buyer(s)

Farm Closing: September 24th

FSA Information: Call Land Agent Jim Davis for any FSA information questions prior to auction. Note all FSA information is estimated to the best knowledge of both seller and Iowa Land Company. All information is subject to change.

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 Cody Skinner or Nick Skinner prior to the sale if you are unable to attend the sale but have interest in the farm.

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 makes 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 conclusion. 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.