Calhoun County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Poremba farm sale in far Northeast Calhoun County, Iowa. The farm consists of 55.05 +/- acres, located just 2 miles west of Somer, Iowa situated in Section 4 of Cedar Township. The farm will be offered at a public auction on November 22th, 2022 at 1:00PM at the Callender Community Center located in Callender, Iowa. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 55.05 +/- deeded acres, with 53.33 +/- acres considered cropland acres. The CSR2 weighted average is outstanding, well above county average of 88.3, with Clarion, Webster, and Nicollet Clay Loam making up the entirety of the farm. Excellent grain sale outlets are present in Somers, Knierim, and Farnhamville, IA. The farm is leased for the 2023 growing season, and the buyer will receive a cash rent credit of $375 per tillable acre at closing.
Call Land Broker/Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Calhoun County Land Auction.
Farm Information
- 55.05 +/- Acres
- 53.22 +/- Cropland Acres
- 88.2 CSR2
- Flat productive farmland
- Strong farming area
- Highly tillable farmland
- Nice all one field
Base Acres
- Corn – 39.75
- Soybeans – 13.25
PLC Yield
- Corn – 159
- Soybeans – 45
Auction Date: November 22nd, 2022
Auction Time: 1:00 PM
Auction Location: Callender, IA – Callender Community Center
Auction Address: 505 Thomas St, Callendar, IA 50523
Sale Method: The farm 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. Buyer to receive a $375 per cropland acre rent credit.
Survey: No survey will be required.
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 real estate possession at closing subject to tenants rights.
Farm Closing: January 6th, 2023.
FSA Information: Call Land Broker 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 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 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. 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.
Brief Legal Description
55.05 +/- acres located in Calhoun County, Iowa Cedar Township, Section 4. Exact legal description will come from the deed.
Taxes:
$1,492.27 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Somers, Iowa
- Take 6th Ave out of town for .5 miles
- Turn west onto 280th Street and continue for 2 miles
- Farm will be on the south side of the road
- See signs
