Buena Vista County, Iowa 72.26 +/- Acres Farmland Auction

Buena Vista County land auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is proud to market 72.26 +/- acres of farmland in Buena Vista County for the Ellrich Trust. The farm is an outside corner tract located in Section 34 of Fairfield TWP. The farm sits south of Hwy 3 just three miles Southwest of Albert City, IA. The farm is located in D.D #53 and has 6 inch and 8 inch county main access on the west side of the tract. The farm carries a 86.3 CSR2 average, soil types being Canisteo Clay Loam, Clarion Loam, and Nicollet Clay Loam. Productive farms of this caliber do not reach open markets often in the region, the opportunity is here for local producers to increase operation acres or an investment opportunity for folks looking to diversify the current investment position. Strong commodity markets near the farm consists of Valero Renewable Fuels ethanol plant and Ag Partners of Albert City. The farm will trade as one tract offered to the highest bidder at a live public auction on Friday February 28th at 1 PM. See you at this Buena Vista County land auction!

Call Land Broker Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Buena Vista County Land Auction.

Tract 172.26 +/- Acres

  • 72 +/- Cropland Acres | 86.3 CSR2
  • Near flat farmland
  • $939 Taxes Annually Per Beacon
  • Buyer to receive a $240 per acre credit at closing.

Base Acres

Corn – 36.7

Soybeans – 36.7

PLC Yield

140 Corn

50 Soybeans 

Auction Date: February 28th, 2020

Auction Time: 1 PM

Auction Location: Marathon Community Center

Auction Address: 306 W Attica St, Marathon, IA 50565

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

Farm Lease: Farm is leased for 2020 the new owner will receive a cash rent credit of $240 per tillable acre.

Survey: Final bid multiplier will be based on taxable acres collected from the county assessor page.

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 possession will once the current crop is harvested. 

Farm Closing: April 15th 2020, or before.

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker 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. 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  

Located in Section 34 of Fairfield TWP,  Buena Vista County, Iowa. Exact legal description will come from the deed.

Taxes – $939 Annually

From Albert City, Iowa

  • Go south on 230th Ave 2 miles
  • Go west on HWY 3 for 1 mile
  • The farm is on the corner of 220th ave and HWY3
PROPERTY AERIAL

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