Decatur County, Iowa Land Auction

Thursday, April 18th, 2019

Decatur County, Iowa Farmland Auction

60 +/- Acres

Thursday, April 18th, 2019 @ 3 pm 

 

 

Iowa Land Company is honored to represent the Maurice Barnett Farmland Auction located in Decatur County, Iowa. Located in Section 16 of Fayette Township this farm will be offered as one tract on live public auction Thursday, April 18th at 3 PM. The sale will be held in Lamoni , IA at The Lamoni Community Center. The farm has a 56.3 CSR2 on the 48.36 +/- cropland acres. . Most of this farm lays very well and drains very well allowing great yields year after year. The farm is located a short mile and a half  Southwest of Lamoni, IA on the West side of, Elk Chapel Rd. The farm offers a great building site and has an older wooden barn established on the property. This tract offers a great long term investment for the local operators, investor, or an area settler looking into the future. If you are interest in a private tour or more information on this farm contact Land Broker  Cody Skinner 515-443-6343 or Land Broker Matt Skinner 515-443-5004 today.

 

 

PLC Yield 

 

Corn: 96

 

Soybeans: 32

 

Base Acres

 

Soybeans: 48.5

 

Agriculture Information

 

TBD- FSA Cropland Acres

 

Farm has a open lease for 2019

 

Auction Date: April 18th, 2019

 

Auction Time: 3 PM

 

Auction Location: The Lamoni Community Center

 

Auction Address: 108 S Chestnut St. Lamoni, IA 50140

 

Sale Method: The farm will be sold as 1 tract at 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: Farm lease is open for 2019. Buyer shall receive full possession at closing. Once 10% Earnest money has been deposited the buyer has possession to farm the farm. Full possession will be conveyed at closing.

 

Farm Closing: April 18th, 2019

 

FSA Information: Call Land Broker Cody Skinner or 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. 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.

 

Farm Lease: Farm has an open lease for 2019. The new buyer will be able to farm the farm after the 10% Earnest money is deposited.

 

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 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.

 

 

 

 

Contact the Author
Luke hat and white shirt tight Team
Luke Skinner
Land Agent / Auctioneer
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Matt Skinner
Land Broker | Appraiser
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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