Decatur County, Iowa 60 +/- Acres Farmland Auction

Farmland auction april 18th, 2019 @ 3pm

PROPERTY DESCRIPTION

Iowa Land Company is honored to represent the Maurice Barnett Farmland Auction located in Decatur County, Iowa. Located in Section 16 of Fayette Township this farm will be offered as one tract on live public auction Thursday, April 18th at 3 PM. The sale will be held in Lamoni , IA at The Lamoni Community Center. The farm has a 56.3 CSR2 on the 48.36 +/- cropland acres. . Most of this farm lays very well and drains very well allowing great yields year after year. The farm is located a short mile and a half  Southwest of Lamoni, IA on the West side of, Elk Chapel Rd. The farm offers a great building site and has a older wooden barn established on the property. This tract offers a great long term investment for the local operators, investor, or a area settler looking into the future. If you are interest in a private tour or more information on this farm contact Land Broker / Cody Skinner 515-443-6343 or Land Broker Matt Skinner 515-443-5004 today.

PLC Yield 

Corn: 33

 Soybeans: 

Base Acres

Soybeans: 48.5

Agriculture Information

TBD- FSA Cropland Acres

Farm has a open lease for 2019 

Auction Date: April 18th, 2019

Auction Time: 3 PM

Auction Location: The Lamoni Community Center 

Auction Address: 108 S Chestnut St. Lamoni, IA 50140

Sale Method: The farm will be sold as 1 tract at 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: Farm lease is open for 2019. Buyer shall receive full possession at closing. Once 10% Earnest money has been deposited the buyer has possession to farm the farm. Full possession will be conveyed at closing. 

Farm Closing: April 18th, 2019

FSA Information: Call Land Broker Cody Skinner or Matt 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 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.

Farm Lease: Farm has a open lease for 2019. The new buyer will be able too farm the farm after the 10% Earnest money is deposited. 

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 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 Highlights

  • Tillable Acres 48.5
  • Good Building Site Location
  • Short Distant from Lamoni

Brief Legal Description  

60 +/- acres located in Decatur County, Iowa; Fayette Township, Section 16. Exact legal will come from the deed.

Taxes $1204 +/- annually

From Lamoni, Iowa

  • Travel West on J55 1 Mile
  • Take left and head south on Elk Chapel Rd 1 Mile
  • The property sign will be on the West side of Elk Chapel Rd.
PROPERTY AERIAL

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