Benton County, Iowa 56 +/- Acres Farmland Auction

Benton County land auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is honored to represent the Bohnsack Family Trust in Benton County, Iowa. The farm consists of 56 total acres, located just 6 miles southeast of Vinton, Iowa. The farm will be offered at public auction on November 14th, 2019 at 1PM at the American Legion Post 57 in Vinton, IA. The farm will be offered in one tract (See farm details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! The farm consists of 56 +/- acres, with 55.38 +/- acres considered cropland acres. The CSR2 weighted average is 79.2, with Colo silty loam, Bremer silty loam, Muscatine silty loam, and Colo Ely complex making up the majority of the soil. 1 +/- acre is in CRP which generate income to help offset taxes. The farm is rented for the 2019 growing season and will be open for the 2020 growing season. The farm is also located in short proximity to Shellsburg Grain Elevator. Possession will be granted at closing.

Call Land Agent Nick Skinner at 319-440-3176 or Land Broker Cody Skinner at 515-443-6343 for more information on this Benton County Land Auction.

 

56 +/- Acres

  • 55.38 +/- Cropland Acres | 79.2 CSR2
  • Gently rolling farmland
  • Ditch is used to drain water runs from north to south through the middle of the farm
  • Older tile is in place
  • Well maintained farm
  • 1 +/- CRP Acre

Base Acres

Corn – 50.30

Soybeans – N/A

PLC Yield

164 – Corn

N/A – Soybeans 

Auction Date: November 14th, 2019

Auction Time: 1PM 

Auction Location: American Legion Post 57  

Auction Address: 105 N. R Ave Vinton, IA 52349

Sale Method: The farm will be sold at live public auction

Farm Lease: Farm tillable ground is leased for the 2019 season. Farm lease for 2020 is open.

Survey: Final will be sold using 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 2019 farming season. Buyer will receive full possession at closing.    

Farm Closing: December 20th, 2019 

FSA Information: Call Land Agent Nick Skinner or Land Broker Cody 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. Farm will be subject to new FSA conservation plan.

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 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. 

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  

56 +/- taxable acres located in Benton County, Iowa Benton Township, Section 31. Exact legal description will come from the deed.

Taxes:

$1,684 +/- Annually

From Vinton, Iowa

  • Take HWY E24 southeast 4.6 miles
  • Turn south (right) on 29th Avenue for a half mile
  • Farm will be on the west side of the road
  • Property signage will be on the farm
PROPERTY AERIAL

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