CALHOUN County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Willam R. Buckley Living Trust and John & Olga Haub Iowa Farms Trust farmland auction located in Eastern Calhoun County, Iowa. Two outstanding tracts of quality farmland will be offered on live public auction Tuesday, December 19th at 1:00 PM. The farm consists of 183.9 +/- taxable acres and will be offered as “choice” as a west farm and a east farm or one could purchase as a unit. These tracts are located just 3 miles northwest of Rinard, Iowa and are situated in Section 14 of Logan Township. This is a great opportunity for local farmers to expand their current farming operation and to give investors the ability to purchase quality farmland acres in the heart of flat farm country. The land auction will be held at the Calhoun County Expo Center located in Rockwell City at the fairgrounds.
Tract 1 consists of 112 +/- acres, with 110.99 +/- acres considered cropland acres. The CSR2 weighted average is above county average rated 85.2, with Webster, Nicolette, Clarion, soils making up the majority of the farm. Tract 2 consists of 71.9 +/- acres, with 70.09 +/- acres considered cropland.The CSR2 weighted average is above county average rated 84.6, with Webster, Coland, Clarion, and Nicollet soils making up the majority of the farm. Excellent cash crop grain sale outlets are present in multiple towns within 20 miles of the farm. The farm is leased for the 2023 growing season. It will be an open lease for the 2024 operating year. Tile improvements have been made throughout the years contract brokers for more information.
Call Land Broker/Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this excellent Calhoun County Land Auction.
Farm Information
- Two tracts option to purchase the unit
- Strong Farming Area
- Highly Tillable Farmland
- Compact Quick Farm
- Tile improvements
- Tract 1 – 3.10 +/- acres in CRP Tract 2 4.11 +/- acres in CRP paying $2,164 annually
- 2 bins built on tract 2 totaling 34,000 BU.
Base Acres
Tract 1 & Tract 2 Combined
Corn – 89.4
Soybeans – 84.47
PLC Yield
151 – Corn
42 – Soybeans
Auction Date: December 19th, 2023
Auction Time: 1:00PM
Auction Location: Rockwell City, IA – Calhoun County Expo Center
Auction Address: 400 High St. Rockwell City, IA 50579
Sale Method: The farms will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The farm is currently leased for 2023.
Survey: survey will be completed only if the farms sell separately to two separate buyers.
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: Buyer will receive real estate possession at closing subject to tenants rights.
Farm Closing: February 6th, 2024.
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 of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
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 or phone bidding. If you choose to bid online please register well in advance.
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
Tract #1: 112 +/- acres located in Calhoun County, Iowa Logan Township, Section 14. Exact legal description will come from the deed.
Tract #2: 71.9 +/- acres located in Calhoun County, Iowa Logan Township, Section 14. Exact legal description will come from the deed.
Taxes:
Combined Total: $5,632 +/- Annually Estimated. Taxes to be prorated on the date of closing. $30.62 per acre average.
From Rinard, Iowa
- Go west on 310th St. for 2 miles.
- Turn back north on Traer Ave. for ½ miles the farm is on the west side of the road.
- To get to tract 1 continue on Traer Ave for ½ miles and turn back west on 300th St. for ½ mile the farm runs along the south side of the road.
