Calhoun County, Iowa 160 +/- Acres Farmland Auction

Calhoun County land auction – December 7th, 2021

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is proud to represent the Thomas and Beverly Bruening farmland sale in Southwest Calhoun County, Iowa located in Section 36 of Jackson Township. The farm consists of 160 +/- total acres, located six miles south of Lake City, Iowa. The farm will be offered at public auction on Tuesday December 7th, 2021 at the Lake City Community Memorial Building in Lake City, Iowa at 1:00pm. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and gives farmland buyers the ability to buy well taken care of farmland acres! The farm consists of high quality Nicollet Loam,Webster Clay Loam, and Clarion Loam soil types, with good conservation practice in place currently. The farm will be sold with an open lease for 2022. 153.52 +/- acres are considered cropland acres.The tillable acres carry a great soil rating of 80.4 which is well above county average. Make plans to attend this outstanding Calhoun County, Iowa farmland auction!

Owner request – The sellers reserve the right to remove the walnut trees and larch trees on the East side of the property in the old homestead area, on or before September 1st, 2022. Areas around the seller reserved trees can be improved into farmland acres. The trees requested to be harvested by the sellers are to be undisturbed until harvested. 

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

Farm Info

  • 160 +/- Acres
  • 153.52 +/- Cropland Acres
  • 80.4 CSR2
  • Gently rolling farmland
  • Strong farming area
  • Highly tillable farmland
  • Nice tract of farmland

Base Acres

Corn – 85.50

Soybeans – 36.40

PLC Yield

Corn – 155

Soybeans – 41

Auction Date: December 7th, 2021

Auction Time: 1:00 PM

Auction Location: Lake City, Iowa Community Memorial Building

Auction Address: 126 E Washington St. Lake City, Iowa

Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.

Farm Lease: Farm has an open lease for 2022. 

Survey: No survey will be provided.

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: December 30th, 2021 subject to tenant’s rights. 

Farm Closing: December 30th, 2021

FSA Information: Call Land Broker Matt Skinner or Land Broker Luke 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 a 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 Matt Skinner or Land Broker Luke 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 48 hours before the sale. 

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  

160 +/- acres located in Calhoun County, Iowa Jackson Township, Section 36 . Exact legal description will come from the deed.

Taxes

$4,731.20 +/- Annually Estimated. Taxes to be prorated on the date of closing.

From Lake City, Iowa

  • Go west of of town on HWY 175 and continue for 1.5 miles
  • Take a sharp left on 365th St and go for .3 miles
  • Turn south on Iberia Ave and continue for 3.5 miles.
  • Farm will be on the west side of the road
  • See Signs
PROPERTY AERIAL
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Matt Skinner
Land Broker
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Luke Skinner
Land Broker / Auctioneer
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