Calhoun County, Iowa - Farmland Auction 40 +/- Acres

September 28th, 2018 : SOLD

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Farm Description

Iowa Land Company is honored to represent the Marge DeLong Estate, located in Calhoun County. The farm consists of 40 +/- acres of highly productive West central Iowa farmland. The farm will be offered as one tract at live public auction on September 28th 2018 at 12 pm Noon at the Lake City, IA American Legion Hall. The farm is located 5 miles Northeast of Yetter, IA in Western Calhoun County. Webster clay loam and Nicollet clay loam make up the majority of the farm. The farm carries a 87.2 CSR2 which is above the county average. A farm of this caliber does not trade hands often in this region. There are currently 38.9 NHEL cropland acres in a corn/bean rotation according to FSA documents. There are multiple grain facilities nearby with Landus Cooperative in Rockwell City and, Farmers Co-op in Lake City, IA.  Check back in the coming weeks for updated farm/ auction information. Contact Land Agents Matt Skinner 515-443-5004 or Luke Skinner 515-468-3610 to set up a private showing for more information.

PLC Yield

Corn: 145

Soybeans: 42

Base Acres

Corn: 19.60

Soybeans: 19.30

Agriculture Information

38.90 Effective Cropland Acres

87.2 CSR II

Open lease for 2019

Auction Date: September 28th, 2018

Auction Time: 12 PM

Auction Location: American Legion Post 31

Auction Address: 218 E Washington St Lake City, IA

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

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: Full possession be obtained once the current crop is harvested. Subject to tenants rights.

Farm Closing: November 14th, 2018

FSA Information: Call Land Agent Matt Skinner or Luke Skinner for any FSA information questions prior to auction. Note all FSA information is estimated to the best knowledge of both seller and Iowa Land Company. All information is subject to change.

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.

Farm Lease: Farm is currently leased for the 2018 farming season. 2019 farming season will be open for the buyer.

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 makes 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 conclusion. 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.

Farm is located in Elm Grove TWP        10-87-34 E 1/2 NE 1/4 SW ¼

Exact legal description to be pulled from farm deed.

From Yetter, IA go north on Durant Ave for 2 ½ miles. Go east on 300th St for 2 ½ miles the farm is north of 300th St.


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