Johnson County, Iowa - Farmland Auction 38.5 +/- Acres

AUGUST 31ST, 2018 : LAND AUCTION | SOLD
Farm Description

Iowa Land Company is honored to represent 38.5 acres of very productive Johnson County farmland, located in Lincoln Township, Section 14. This a rare chance to purchase a farm in an area that doesn’t usually see many public sales. The farm will be offered in one tract at live public auction on August 31st 2018 at 1 pm. The farm is located 7.6 miles East of Hills, IA in Southeast Johnson County. Downs silt loam, Tama silt loam, and Colo-Ely complex soils make up this tract. The farm carries a 84.3 CSR2. There is currently 38.45 NHEL cropland acres in a corn/ bean rotation. 37.3 acres are currently being rented for the 2018 growing season bringing $10,257.50 annually. Currently over 96%  tillable. There are multiple grain facilities nearby with Gringer Properties LLC, Co-op with the closest being in Hills, IA. There is an appurtenant easement that runs along the east boundary of the farm that allows the farm to the north access. (See aerial and pictures). Check back in the coming weeks for updated farm/ auction information. Contact Land Agent Nick Skinner 515-650-0974 to setup a private showing or for more information.

 

 

Price Loss Yield

Corn: 158

Soybeans: 41

Base Acres

Corn: 36

Soybeans: 1.30

Agriculture Information

37.3 Acres in Production

38.45 FSA Cropland Acres

84.3 CSR II

Farm is currently planted in corn

Auction Date: August 31th, 2018

Auction Time: 1 PM

Auction Location: American Legion Post 457

Auction Address: 300 N Devoe Street Lone Tree, IA 52755

Sale Method: The farm will be sold as tract 1 by live public auction.

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 be obtained once the current crop is harvested. Subject to tenants rights.

Farm Closing: On or before October 15th, 2018

FSA Information: Call Land Agent Nick Skinner for any FSA information questions prior to auction. Note all FSA information is estimated to the best knowledge of both seller and Iowa Land Company. All information is subject to change.

Mineral Rights: All mineral rights 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.

Farm Lease: Farm is currently leased for the 2018 farming season. 2019 farming season will be open for the buyer.

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 makes 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 conclusion. 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.

Farm is located in Lincoln TWP, Section 14

Exact legal description to be pulled from farm deed.

Taxes – $1,068

From Hills, IA go east on F62 or 520th St. SE for 7.6 miles. Farm sits on the north side of the road. See auction signs

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