Fayette County, Iowa 73.58 +/- Acre Sealed Bid Farmland Sale

Farm Details 

• 73.58 +/- Taxable Acres
• 67.77 +/- FSA Cropland Acres
• 84.1 CSR2 Average
• Tile in place (see maps in attachments below property photos)
• Great quality tillable acres – Kenyon, Clyde and Floyd, Loam soils
• 5.61 cropland acres are currently in CRP paying $1,737 annually combined
  • 1.96 CRP acres pay $326 / acre through 9/30/2026
  • 3.66 CRP acres pay $300 / acre through 9/30/2032
  • The CRP income shall be prorated to day of closing 
• The farm is leased for the 2025 agricultural season. The seller will retain the full 2025 cash rent income.
• The buyer will receive 2026 agricultural possession March 1, 2026
• PLC Yield and Base Acres (see 156ez document above)
• A field entrance along Willow road is used to access this farm
• 3.5 miles west of Westgate, Iowa
• Fremont Township, Section 17

Sealed Bid Due Date and Time: August 26th, 2025 at 3:00 PM CST

Sale Method: Farm will be offered as one tract via sealed bid sale. Contact Land Broker Nick Skinner or Cody Skinner to request a bid packet. Seller has the right to reject, accept, or counter any and all bids. It’s important to understand, if the seller doesn’t accept the highest dollar amount bid the seller will likely counter offer the highest bid. You should be aware of this while making your bid so you are aware how important it is to be the highest bid August 26th, 2025 at 3pm CST.

Bid Submission Process and Earnest Money: All interested parties are required to make a sealed bid on the purchase agreement form provided by Iowa Land Company. Please print the bid packet per tract above to submit a bid. To be considered, all sealed bids should be delivered to Iowa Land Company Grundy Center, Iowa office or emailed to Nick Skinner or Cody Skinner on or before August 26th, 2025 at 3pm CST. Iowa Land Company will notify the winning bidder. The winning bidder will be required to submit a 10% earnest money check within 24 hours after acceptance. All funds will be held in the seller’s attorney trust account prior to closing. The remaining purchase price balance will be due at closing. Unsuccessful bidder(s) will be notified their bid was not accepted.

Obtaining A Bid Packet: You can print a bid packet above per tract on our website or reach out to Nick Skinner or Cody Skinner to request one to be mailed to you. 

Farm Lease: The farm is leased for 2025 per a cash rent agreement. Seller will retain the entire 2025 farm cash rent income. 

Survey: No survey will be needed. We are selling taxable acres.

Earnest Money: The winning bidder will be required to submit a 10% earnest money check within 24 hours after acceptance. All funds will be held in the seller’s attorney trust account prior to closing. The remaining purchase price balance will be due at closing. 

Farm Possession: Buyer will receive real estate possession at closing and full possession March 1st, 2026.  

Farm Closing: October 9th, 2025

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: All mineral rights owned by the seller if any will be conveyed to the buyer at closing.

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.