Keokuk County, Iowa 294.70 +/- Acres 2 Tract High Quality Farmland Auction

Located in northwest Keokuk County, north of Gibson, Iowa sits these two farms consisting of 128.00 +/- net acres and 166.70 net +/- acres. These 294.70 +/- acres of farmland will be offered for sale at live public auction with online bidding available! The auction will be on October 30th, 2025 at 1:00pm at the What Cheer, Iowa Fairgrounds.

Iowa Land Company is honored to represent and offer this quality farmland for sale owned by the James C. Piersel Family Trust or the What Cheer, LLC. The farms will be offered for sale in two separate tracts; Tract 1 – 128.00 +/- acres and Tract 2 – 166.70 +/- acres. Per tract agricultural information is listed below. The farms are leased for the 2025 farming season, the Seller’s will retain the 2025 cash rent income. Real estate possession will be at closing, agriculture possession will be at closing or once the current crop has been harvested. These farms have been in the Piersel Family for many decades and have been very well taken care of for many years. Here is your chance to acquire a farm that is well taken care of in a location where land doesn’t come for sale often! Join us and name your price October 30th at 1:00pm. Call Land Agent Nick Skinner or  Land Broker Cody Skinner today to learn more about these Keokuk County, Iowa farms for sale.

Farm Details 

Tract 1 

• 128.00 +/- Taxable Acres
• 125.83 +/- FSA Cropland Acres
• 71.4 CSR2 Average
• Outstanding soil ratings 
  • Otley and Colo Silty Clay loam soils make up the majority soil types – 78 & 82 CSR2 average!
• 49.76 +/- Acres of Fertile Cropland
• Located 1.5 miles north of Gibson, Iowa and 3.3 miles east of Barnes City in Prairie township, section 6 
• The farm is leased for the 2025 farming season, the 2025 farm lease has been terminated 
• The buyer will receive real estate possession at closing or when the current crop is harvested 
• Great laying farm with natural drainage toward the South English River in the southern part of the farm
• Great farm option for a buyer looking to expand their farm acres or an investor looking for an attractive return in a strong agriculture area. 
• This farm has been well taken care of over the years by a very well respected tenant in the area 

Tract 2 

• 166.70 +/- Taxable Acres
• 157.86 +/- FSA Cropland Acres
• 60.2 CSR2 Average
• 44.00 +/- Acres of Fertile Cropland
• Located 1 mile north of Gibson, Iowa and 3.5 miles east of Barnes City, Iowa in Prairie township, section 6 
• The farm is leased for the 2025 farming season, the 2025 farm lease has been terminated 
• The buyer will receive real estate possession at closing or when the current crop is harvested 
• Great laying farm with natural drainage toward the South English River in the northern part of the farm
• Great farm option for a buyer looking to expand their farm acres or an investor looking for an attractive return in a strong agricultural area. 
• This farm has been well taken care of over the years by a very well-respected tenant in the area 

Auction Date: October 30th, 2025

Auction Time: 1:00 PM 

Auction Location: What Cheer, Iowa Keokuk County Fairgrounds (Thomas Hall Building)

Auction Address: 13061 170th St, What Cheer, IA 50268

Sale Method: The farms will be sold at live public auction with online and phone bidding opportunities for all buyers. Tract’s #1 and Tract’s #2 will sell via the buyer’s choice method. 

Farm Lease: The farm is leased for the 2025 farming season, the 2025 farm lease has been terminated. The 2026 farm lease is open.

Survey: A survey will be conducted by the seller prior to closing for Tract 1. Tracts 2 will not be surveyed, the farms will be sold 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 seller’s attorney trust account. The remaining balance will be due at closing. 

Farm Possession: The buyer will receive real estate possession at closing or when the current crop is harvested.  

Farm Closing: December 16th, 2025

FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner or 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 owned by the seller if any will be conveyed to the buyer at closing.

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.