Grundy County, Iowa 200.44 +/- Acres Farmland Auction

Farm Information

• Location location location! Located on Highway 20 and Highway 14 in the heart of Grundy County, Iowa
• The farm offers mile-long rows and some tile throughout the farm. Tile maps will be available soon.
• 200.44 +/- Acres
• Century farm, been owned by the same family for 120+ years
• 194.13 +/- FSA NHEL Cropland Acres
  • There is an additional 3.62 +/- acres that could be converted to cropland acres that currently is in trees. This area is an old building site located on the northeast side of the farm. There is a well located in the woods that one could utilize if they wanted to build at the desired location.  
• 92.3 CSR2 across all acres!
• Dinsdale silty clay loam 94 CSR2 is the majority soil type located across nearly the entire length of this farm. 
• The farm is leased for the 2022 growing season. Full possession will be March 1st, 2023. 
• Base Acres (On entire farm including some acres that’s being retained by the Schroeder family south of the acreage)
  • 121.60 Corn
  • 72.30 Soybean
• PLC Yield
  • 164 Corn
  • 48  Soybeans

Sellers: Tom & Nancy Flood and Gary & Susan Schroeder

Auction Date: September 21st, 2022

Auction Time: 1:00 PM

Auction Location: Dike, Iowa at Fox Ridge Golf Course

Auction Address: 355 Country Club Ln, Dike, IA 50624

Sale Method: The farm will be sold as one tract at live public auction with online and phone bidding available.

Farm Lease: Full possession is March 1st, 2023.

Survey: The acreage will be surveyed at the sellers expense prior to closing. The acreage will be retained by the sellers. The acreage address being referred to is 16319 N Ave Holland, IA 50642. Call with any questions regarding this survey.

Purchase Agreement: Immediately upon conclusion of the auction, if the seller’s reserve amount has been met, 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 full possession March 1st, 2023.

Farm Closing:  November 2nd, 2022

FSA Information: Call Land Broker Cody Skinner or Land Broker Nick Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller 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. Call Land Broker Cody Skinner or Land Broker 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, it’s 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.