Calhoun County Land Auction

Friday September 28th, 2018

Calhoun County, Iowa Farmland Auction

40 +/- Acres

Friday September 28th, 2018 @ 12pm

Iowa Land Company is honored to represent the Marge DeLong Estate, located in Calhoun County. The farm consist of 40 +/- acres of highly productive West central Iowa farmland. The farm will be offered as one tract at live public auction on September 28th 2018 at 12 pm Noon at the Lake City, IA American Legion Hall. The farm is located 5 miles Northeast of Yetter, IA in Western Calhoun County. Webster clay loam and Nicollet clay loam make up the majority of the farm. The farm carries a 87.2 CSR2 which is above county average. A farm of this caliber does not trade hands often in this region. There is currently 38.9 NHEL cropland acres in a corn/bean rotation according to FSA documents. There are multiple grain facilities nearby with Landus Cooperative in Rockwell City and, Farmers Co-op in Lake City, IA.  Check back in the coming weeks for updated farm/ auction information. Contact Land Agents Luke Skinner 515-468-3610 or Matt Skinner 515-443-5004 to setup a private showing for more information.

 

 

Agriculture Information

PLC Yeild

Corn: 145

Soybeans: 42

Base Acres

Corn: 19.60

Soybeans: 19.30

Agriculture Information

38.90 Effective Cropland Acres

87.2 CSR II

Auction Date: September 28th, 2018

Auction Time: 12 PM

Auction Location: American Legion Post 31

Auction Address: 218 E Washington St Lake City, IA

Sale Method: The farm will be sold as tract 1 by live public auction.

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: Full possession be obtained once the current crop is harvested. Subject to tenants rights.

Farm Closing: November 14th, 2018

FSA Information: Call Land Agent Matt Skinner or Luke Skinner 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.

Farm Lease: Farm is currently leased for the 2018 farming season. 2019 farming season will be open for the buyer.

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, inquires, 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 it’s 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 previous printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there is any questions as to the person’s credentials or fitness to bid.

 

 

Contact the Author
Luke hat and white shirt tight Team
Luke Skinner
Land Agent / Auctioneer
Contact via Form

What Is Your Iowa Farm Worth?

Are you considering selling your farm and want assistance on gauging what your Iowa land is worth? You’re now in the right hands. We at Iowa Land Company are here to help you determine what we believe is the value of your farm because we use much than a CSR2 point to determine the value of your farm. Iowa Land Company doesn’t rely on a computer program to determine your land value because we know that if you’re considering selling your farm, it’s one of the largest financial decisions of your lifetime and like any harvest, a lot of work comes first so we want to give you our one-on-one traditional farmland evaluations.

IOWA LAND COMPANY DIGS INTO THEIR OWN RESOURCES TO VALUE IOWA LAND

 

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Farm Location

Location can be the biggest variables when calculating land value so it’s important to not over look this step.
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CSR2 Value

Yes we certainly do consider your Corn Suitability Rating (CSR2) value when giving our traditional farm appraisal because it is very important.
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Improvements

We want to hear your story. How has the farm been taken care of? Who has farmed the farm? Etc…
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Current Market

We look at what is currently on the market, how long similar farms have been on the market, for what price and how that farm compares to yours.
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Recent Sales

We have access to our in house sales report that we file per county. We keep a close eye on recent farms located near your farm.
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