Keokuk County, Iowa 223.26 +/- Acres Farmland Auction | 3 Tracts

Keokuk County Farmland auction – October 21st, 2022

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Located in Keokuk County, this quality farm is located just 1 mile east of What Cheer, Iowa in Washington Township Section 10. These 223.26 +/- acres of farmland will be offered for sale at live public auction! The auction will be on October 21st, 2022 at 12:00pm at the Keokuk County Extension Office. Lunch will be provided at 11:00am, on behalf of the seller’s free of charge to all attendees.  Online bidding is available at bidders’ request.   

Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Barbara E Walters Revocable Trust. The farm will be offered for sale in three separate tracts; Tract 1 – 96.68 +/- acres, Tract 2 – 114.58 +/- acres, and 8 +/- acres on October 21st, 2022. Per tract agricultural information is listed below. The farm is leased for the 2022 farming season and will be open for the 2023 farming season. Full possession will be March 1st, 2023. Primary soil types are Ladoga loam and Otley loam, and Olmitz-Zook-Vesser complex soils. Tract 1 and 2 offer a combined 206.57 +/- FSA cropland acres and 3.77 +/- acres are enrolled in CRP, see CRP contracts provided.

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 October 21st at 12:00pm. For more information call Land Agent Nick Skinner today.

Tract 1 

  • 96.68 +/- Taxable Acres
  • 88.77 +/- FSA Cropland Acres
  • 70.2 CSR2 Average
  • 1.74 +/- CRP Acres, Expiring 9-30-2027, 
    • Paying $522.00 Annually

Tract 2

  • 119 +/- Taxable Acres
  • 117.80  +/- FSA Cropland Acres
  • 68.4 CSR2 Average
  • 2.03 +/- CRP Acres, Expiring 9-30-2027 & Expiring 9-30-2029, 
    • Paying $553.00 Annually 
  • One 10,000 bushel grain bin built in 1980
  • Two 8,000 bushel grain bins built in 1978 & 1979

Tract 3

  • 8.00 +/- Acres (Multiplier will come from survey)
  • Timber acres
  • Secluded building site 
  • Electric and water at the road
  • Hunting opportunities

Auction Date: October 21st, 2022

Auction Time: 12:00 PM | Lunch will be provided at 11:00am, on behalf of the seller’s free of charge to all attendees.

Auction Location: Keokuk County Extension Office

Auction Address: 400 220th Ave Suite A, Sigourney, IA 52591

Sale Method: The farm will be sold as three tracts at live public auction with online bidding per buyer’s choice method on Tracts 1 & 2, Tract 3 will be sold individually. 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, then Tract 3 individually.

Farm Lease: Full possession is March 1st, 2023. Seller will be keeping the full 2022 cash rent. 2023 agricultural tenancy is open.

Survey: A survey will be conducted to identify Tract 3 boundary prior to closing. We are selling taxable +/- acres on Tract 1 & 2. Tract 3 will be sold subject to a completed 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:  December 6th, 2022

FSA Information: Call Land Agent Nick Skinner or  Land Broker Cody 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 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. 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.

Brief Legal Description  

223.26 +/- taxable acres located in Keokuk County, Iowa, Washington Township, Section 10. Exact legal description will come from the abstracts.

Taxes:

Tract 1 – $2,724 Annually Estimated

Tract 2 – $3,374 Annually Estimated

Tract 3 – TBD 

From What Cheer, Iowa

  • From the corner of HWY 21 and Briney Street, head east for 1 mile
  • Farms will be on the north and south side of the road
  • See signs
PROPERTY AERIAL
LAND AGENT
Nick White shirt profile pic
Nick Skinner
Land Agent
Cody White shirt profile pic
Cody Skinner
Land Broker
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