Cedar County Farmland auction – October 16th,2023
PROPERTY DESCRIPTION
Located in East Central Cedar County, Iowa sits this productive tillable farm. The farm lies in a great agricultural area, only 3.5 miles west of Bennett, Iowa and 7 miles southeast of Tipton, Iowa and is situated in Section 13 of Center Township. These outstanding 195.23 +/- taxable acres of farmland will be offered for sale at a live public auction on October 16th, 2023 at 1:00pm in Tipton, Iowa. The land auction will be held at the Cedar County Fairgrounds in the Mathews Building.
Iowa Land Company is honored to represent the Donald R. Kallenberger Estate farmland auction. The farm will be offered for sale as one tract on October 16th, 2023. The entire farm offers 186.50 FSA cropland acres and is leased for the 2023 growing season. The buyer will have partial possession at closing and full possession March 1, 2024. The CSR2 weighted average for the cropland acres is 77.
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 an area where farmland does not come available to the public often. Here is your chance to acquire a productive row crop farm in a strong farming community. Join us and name your price October 16th at 1:00pm in Tipton, Iowa at the Cedar County Fairgrounds in the Mathews Building. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.
Farm Information
- Located 3.5 miles west of Bennett, Iowa
- Located 7 miles southeast of Tipton, Iowa
- Center Township, Sections 13
- 195.23 +/- Taxable (net) Acres
- 186.50 +/- FSA Cropland Acres
- 77 CSR2 Average on the Cropland Acres
- Rolling topography allows for natural drainage
- Farm is lease for 2023 agricultural season
- Farm will have an open lease to the buyer for the 2024 agricultural season
Base Acres
107.20 Corn
70.90 Soybean
PLC Yield (Entire Farm)
181 Corn
51 Soybeans
Sellers: Donald R. Kallenberger Estate
Auction Date: October 16th, 2023
Auction Time: 1:00 PM
Auction Location: Cedar County Fairgrounds in the Mathews Building
Auction Address: 1195 210th Street Tipton, IA 52772
Sale Method: The farm will be sold as one tract at live public auction with online and phone bidding available.
Farm Lease: Farm is leased for 2023 agriculture season.
Survey: No survey will be needed for this property/sale.
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: The buyer will have partial possession at closing and full possession March 1, 2024.
Farm Closing: On or before November 28th, 2023.
FSA Information: Call Land Agent Nick Skinner or Land Broker Cody 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.
Mineral Rights: Mineral rights will be conveyed to the buyer at closing.
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 Cody Skinner or Land Agent Nick 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, its 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
195.23 +/- Taxable (net) acres located in Cedar County, Iowa – Center Township, Section 13. Exact legal description will come from the abstract.
Taxes:
$5,952 Estimated Annually (2021)
From Bennett, Iowa
- Head south out of town on Cedar Street/ Union Avenue for .7 miles
- Turn right onto 250th Street for 2.8 miles
- Farm will be on the north side (right side) of the road
- See auction signs
