Grundy County, Iowa 75.7 +/- Acres Absolute Farmland Auction

Grundy County Farmland auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Join us August 27th, 2021 at 1pm at the community building in Grundy Center, Iowa where we will be selling a total of 75.7 acres at public auction! The farm is located on hard surface F Ave in West Central Grundy County, Iowa two miles south of Wellsburg, Iowa and 7 miles west of Grundy Center, Iowa. Of the 75.7 taxable acres there are 75.36 FSA NHEL cropland acres which boasts a 90.6 CSR2.

This farm is located in the heart of seed corn country and offers a windmill easement agreement with Wellsburg Wind Farm (MidAmerican Energy Company). The easement expires in January 2044 and has an additional 25-year extension option. Buse Living Trust will retain the entire 2021 windmill lease payment and cash rent lease payment.

The winning bidder the day of the sale will be assigned the windmill lease at closing. The buyer will receive the entire 2022 lease payment of $21,121.99 and receive all future windmill lease payments. The windmill payment increases 2% +/- annually. The January 2044 annual windmill lease is $36,363.01. To view the entire Wellsburg Wind Farm Agreement and future annual windmill lease contact Land Broker Cody Skinner.

This is an absolute sale with no reserve, name your price Friday August 27th @1pm at the Community Building located in Grundy Center, Iowa! Call Land Broker Cody Skinner (515) 443-6343 or Nick Skinner (515) 650-0974 if you have any questions prior to the sale or to request any additional information.

  • 75.7 +/- Taxable Acres
  • 75.36 +/- FSA NHEL cropland acres (windmill easement acres are included in “FSA cropland acres” reference FSA map)
  • 90.6 CSR2
  • Base Acres
    • 38.5 Corn
    • 36.86 Soybean
  • PLC Yield
    • 192 Corn
    • 60 Soybeans

Auction Date: August 27th, 2021

Auction Time: 1:00 PM

Auction Location: Grundy Center Community Center

Auction Address: 705 F Ave, Grundy Center, IA 50638

Sale Method: The farm will be sold at live public auction with no reserve. The farm will be offered as one tract and online bidding will be available.

Farm Lease: The farm has an agricultural lease through February 28th, 2022. Buse Living Trust will retain the entire 2021 cash rent payment. A windmill easement agreement with Wellsburg Wind Farm (MidAmerican Energy Company) exists through January 2044 with an additional 25 year extension option. Buse Living Trust will retain the entire 2021 windmill lease payment. The winning bidder the day of the sale will be assigned the windmill lease at closing.

Survey: No survey will be provided; we are selling taxable 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: Full possession will be March 1, 2022

Farm Closing: October 5th, 2021

FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of both 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 Matt Skinner or Land Broker Luke 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 48 hours before the sale. 

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.

Brief Legal Description  

75.7 +/- net acres located in Grundy County, Iowa; Shiloh Township, Section 34. Exact legal description will come from the deed.

Taxes – Estimated $2,330 Estimated Annually

From Wellsburg, Iowa

  • Travel south on F Ave 2 miles
  • Turn right or go west on 220th St
  • The southeast corner of the farm is located on the north side of 220th St immediately following the right turn off F Ave
  • Upcoming auction signs are located on the property
PROPERTY AERIAL

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