Palo Alto County, Iowa Farmland Auction

106 +/- Acres

Monday December 10th, 2018 @ 11am

Iowa Land Company is honored to represent the Betty Mincer Farmland Estate located in Palo Alto County, Iowa. Located in Section 2 of Highland Township this farm will be offered as one tract on live public auction Monday, December 10th at 11 AM. The sale will be held in Emmetsburg, IA at The Shores at 5 Island. The farm boast a 84.5 CSR2 on the 100 +/- cropland acres. The majority of the farm consist of Clarion loam and Nicollet Clay Loam. Slopes ranging for zero to sixteen give this farm great natural drainage, allowing great yields year after year. The farm is located three miles Northeast of Ruthven, IA North of 340th Street. Multiple grain outlets are located within this region. Pro Cooperative in Ruthven and MaxYeild Cooperative and Poet Biorefining in Emmetsburg, IA provide easy farm to market opportunities. This tract offers a great long term investment for the local operators or investor looking into the future. There will be for sale information added in the coming weeks. If you are interest in a private tour or more information on this farm contact Land Agent/ Auctioneer Luke Skinner 515-468-3610 or Land Broker Matt Skinner 515-443-5004 today.

PLC Yield 

Corn: 154

Soybeans: 40

Base Acres

Corn: 51

Soybeans: 49

Agriculture Information

100 FSA Cropland Acres

Farm is currently leased for 2018

Auction Date: December 10th, 2018

Auction Time: 11 AM

Auction Location: The Shores at 5 Island in Emmetsburg, IA

Auction Address: 14 N Lawler Street, Emmetsburg, IA

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: After the current crop is harvested subject to tenant’s rights.

Farm Closing: January 25th, 2018

FSA Information: Call Land Agent Luke 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 is currently leased for the 2018 farming season. Lease has been terminated and is open for 2019.

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.