Buchanan County, Iowa 195.27 +/- Acres Farmland Auction | 2 Tracts

Farm Information

Tract 1 

• 158.02 +/- Taxable Acres
• 136.59 +/- FSA Cropland Acres
• 12.49 +/- CRP Acres
• 85.9 CSR2
  • Base Acres
    • 122.00 Corn
    • 23.70 Soybean
  • PLC Yield
    • 141 Corn
    • 40  Soybeans

Tract 2

• 37.25 +/- Taxable Acres
• 33.57  +/- FSA Cropland Acres
• 9.72 +/- CRP Acres
• 85.8 CSR2
  • Base Acres
    • 122.00 Corn
    • 23.70 Soybean
  • PLC Yield
    • 141 Corn
    • 40  Soybeans

Auction Date: August 23rd, 2022

Auction Time: 1:00 PM

Auction Location: Oelwein American Legion Post 9

Auction Address: 108 1st St SW, Oelwein, IA 50662

Sale Method: The farm will be sold as two tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract they desire, they also have the option to purchase multiple or all tracts.

Farm Lease: Farm is leased for the 2022 season. Full possession is March 1st, 2023. Seller will be keeping the full 2022 cash rent.

Survey: No surveys will be conducted prior to closing. We are selling gross +/- acres.

Purchase Agreement: Immediately upon conclusion of the auction, if the seller’s reserve amount has been met, 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: Buyer will receive full possession March 1st, 2023.

Farm Closing:  September 30th, 2022

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 knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller 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 Agent Nick Skinner or Land Broker Cody 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. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company. 

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.