Keokuk County Farmland Auction – SOLD
Located in Keokuk County, this quality farm is located just 1 mile southeast of What Cheer, Iowa in Washington Township Section 14 and 15. These 220.13 +/- acres of farmland will be offered for sale at live public auction! The auction will be on February 20th, 2024 at 1:00pm at the Keokuk County Fairgrounds in the Thomas Hall Building. Online bidding is available at bidders’ request.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by What Cheer, LLC. The farm will be offered for sale in two separate tracts; Tract 1 – 181.88 +/- acres and Tract 2 – 38.25 +/- acres on February 20th, 2024. Per tract agricultural information is listed below. The farm is leased for the 2024 farming season, the Buyer(s) will retain the 2024 farm income. Full possession will be March 1st, 2025. Primary soil types are Nodaway-Ackmore-Vesser loam and Ladoga loam soils. Tract 1 and 2 offer a combined 207.38 +/- FSA cropland acres.
Keokuk County farmland doesn’t come available often. Here is your chance to acquire a farm that is well taken care of, with above average CSR2 averages in a sound farming community. Join us and name your price February 20th at 1:00pm. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.
Farm Details
Tract 1
- 181.88 +/- Taxable Acres
- 171.49 +/- FSA Cropland Acres
- 56.5 CSR2 Average
- Tile improvements have been added in 2020
- Two field entrances off 140th Avenue
- Nice laying farm with tile improvements
Tract 2
- 38.25 +/- Taxable Acres
- 35.89 +/- FSA Cropland Acres
- 50.6 CSR2 Average
- Field entrances off 140th Avenue
- Nice laying compact farm
Auction Date: February 20th, 2024
Auction Time: 1:00 PM
Auction Location: Keokuk County Fairgrounds in the Thomas Hall Building
Auction Address: 13061 170th St, What Cheer, IA 50268
Sale Method: The farm will be sold as two tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract(s) (Tract 1 or Tract 2) they desire, they also have the option to purchase Tract 1 & Tract 2 together.
Farm Lease: Full possession is March 1st, 2025 per tenants rights. Buyer(s) will be entitled to the full 2024 farm income. 2024 agricultural tenancy is leased.
Survey: A survey will not be completed. We are selling the farm using 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: Buyer will receive partial possession at closing and full possession March 1st, 2025.
Farm Closing: April 4th, 2024
FSA Information: Call Land Agent Nick Skinner or 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 will be conveyed 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 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
220.13 +/- taxable acres located in Keokuk County, Iowa, Washington Township, Section 14 & 15. Exact legal description will come from the abstracts.
Taxes:
Tract 1 – $4,338 Annually Estimated
Tract 2 – $826 Annually Estimated
From What Cheer, Iowa
- Take E Briney St/ 175th St. east out of town for 1 mile
- Turn south onto 140th ave and continue for 1/2 mile
- Farm will we on the west side of 140th Ave
- See signs
