HANCOCK County Farmland auction – sold
PROPERTY DESCRIPTION
Iowa Land Company is honored to market and present the R&W Schonhorst inc. farmland auction in central Hancock County, Iowa. The farm consists of 147.94 +/- acres, located just 8 miles north of Kanawha, Iowa situated in Section 30 of Liberty Township. The farm will be offered at a public auction on November 28th, 2023 at 1:00PM at the Duncan Community Hall in Duncan, IA. The farm will be offered as a stand alone one tract option. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in the heart of Iowa farm country. The farm consists of 147.94 +/- acres, offering 146.24 +/- acres considered FSA cropland acres. The CSR2 weighted average is 60.04 with a CSR1 of 63.1. Yield data plays an important role in purchase power, recent yields provide a strong track record for this farm. Mile long rows, yield data, and access to drainage position this farm as an excellent investment. The farm is leased for the 2023 farm season, the 2024 crop year is open for the new buyer.
Call Land Broker/ Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this outstanding Hancock County Land Auction. Make plans to attend!
Farm Information
- 147.94 +/- Acres
- 146.24 +/- Cropland Acres
- 60.3 CSR2/63.1 CSR1
- Mile long rows
- Strong farming area
- Highly tillable farmland
Base Acres
Corn – 77.7
Soybeans – 67.3
Recent yield data CORN
2020 – 198
2021 – 229
2022 – 217
2023 – 214
Recent yield data SOYBEANS
2020 – 53
2021 – 52
2022 – 62
PLC Yield
156 – Corn
40 – Soybeans
Auction Date: November 28th, 2023
Auction Time: 1:00PM
Auction Location: Duncan Community Hall
Auction Address: 2337 Nation Ave Britt (Duncan) IA, 50423
Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The farm is currently leased for 2023. Open lease 2024.
Survey: No survey will be conducted.
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 real estate possession at closing. Subject to tenants rights.
Farm Closing: January 11th, 2024.
FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
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 Luke Skinner or Land Broker Matt 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 or phone bidding.
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
147.94 +/- acres located in Hancock County, Iowa Liberty Township, Section 30. Exact legal description will come from the deed.
Taxes:
$2,714 +/- Annually Estimated. Taxes to be prorated on the date of closing.
Hancock County, Iowa
Farm is located 8 miles northeast of Kanawha and 8 miles southeast of Britt, IA. Call brokers for directions signs are on the farm.
