august 13th, 2024 – for sale
PROPERTY DESCRIPTION
Located in Floyd County, this quality farm is located between Nora Springs and Rudd, Iowa in Rock Grove Township Section 22. These 184.07 +/- acres of farmland will be offered for sale at live public auction with online bidding available. The auction will be on August 13th, 2024 at 1:00pm at the Rockford Iowa Community Center. Online bidding and phone bidding is available at bidders’ request.
Iowa Land Company is honored to represent and offer this great quality farmland for sale owned by Wendt Farms Inc. The farm will be offered as 184.07 +/- gross acres on August 13th, 2024. Farm agricultural information is listed below. The farm offers 155.71 +/- FSA cropland acres per the FSA documents currently planted to corn. An additional 24.69 acres are enrolled in CRP (CREP) program paying $403.81 / acre or $9,970 annually through 9/30/2029. The farm offers a 86.1 CSR2 weighted average. The tillable acres are leased for the 2024 farming season, the seller will retain the 2024 farm income. Full possession will be March 1st, 2025.
Floyd County farmland doesn’t come available often! Here is your chance to acquire a farm that is well taken care of, with an excellent CSR2 average in a strong farming community, located off HWY 18. Join us and name your price August 13th at 1:00pm. For more information call Land Broker Cody Skinner or Land Agent Nick Skinner today.
Farm Details
- 184.07 +/- gross acres
- 155.71 +/- FSA Cropland Acres
- An additional 24.69 acres are enrolled in CRP (CREP) program paying $403.81 / acre or $9,970 annually through 9/30/2029.
- Seller will retain the entire 2024 CRP payment
- Buyer will receive the 2025 CRP payment and beyond
- 86.1 CSR2 average – see soil map above
- Field entrances off HWY 18, Dancer Ave, and 160th St
- Nice laying farm in a great area
- Established waterways and drainage tile throughout the farm
- Nicely located near HWY 18 making grain transportation travel highly desirable
Auction Date: August 13th, 2024
Auction Time: 1:00 PM
Auction Location: Rockford Community Center
Auction Address: 206 W Main St Rockford, IA
Sale Method: The farm will be sold as one tract at live public auction with online bidding and phone bidding available.
Farm Lease: The farm is currently leased for the 2024 agriculture season. Full possession is March 1st, 2025 per tenant’s rights. Open lease for 2025.
Survey: A survey will not be completed. We are selling the farm using the multiplier of 184.07 gross +/- acres.
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: Buyer will receive partial possession at closing and full possession March 1st, 2025.
Farm Closing: September 25th, 2024
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 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 Agent Nick Skinner or Land Broker Cody 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.
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
184.07 +/- gross acres located in Floyd County, Iowa, Rock Grove Township, Section 22. Exact legal description will come from the abstract.
NW1/4 EX N1/2 NW NW & SW NE & W1/2 NW SE EX PAR & HY 22-96-18 22-96-18
Taxes:
$5,344 Annually Estimated
From Rudd, Iowa
- Take 160th St 2.5 miles west
- The north part of the farm is located on the south side of the road
- Auction signs are located on the farm
