Keokuk County FARMLAND AUCTION – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Merle Gatton Farm in Keokuk County, Iowa. The farm consists of 87.76 more or less taxable acres, located just 3 miles west of What Cheer, Iowa. The farm will be offered via public auction on April 13th at 12PM. The farm will be offered in one tract (See farm details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! The farm consists of 87.76 +/- taxable acres, with 87.5 +/- acres considered cropland acres. The CSR2 weighted average is 85.3, with Mahaska, Otley, Nira clay loam soils, making up the majority of the farm. The farm is rented for the 2021 growing season and the option for the 2022 growing season to be open is available. This farm is very well maintained and drains well with tile in place where needed. Farms of this caliber don’t come to the market in this area often, you won’t want to miss this one April 13th @12pm at the Thomas Hall Fairgrounds Building in What Cheer, Iowa.
Call Land Agent Nick Skinner at 515-650-0974 or Land Broker Cody Skinner at 515-443-6343 for more information on this Keokuk County Land Auction.
87.76 +/- Acres
87.50 +/- Cropland Acres | 87.50 +/- Tillable Acres | 85.3 CSR2
- Ridge Top Farm
- Well maintained farm
- Older tile in place
- Strong Farming Community
- Been in the family for over 90 years.
- 3 miles West of What Cheer, Iowa
- 7 miles Northeast of Rose Hill, Iowa
- 14 miles Northwest of Sigourney, Iowa
Base Acres
- Corn – 48.20
- Soybeans – 30.80
- Wheat – 8.50
PLC Yield
- Corn – 193
- Soybeans – 58
- Wheat – 42
Auction Location: Thomas Building (What Cheer Fairgrounds)
Sale Method: The farm will be sold at live public auction as one tract.
Farm Lease: Farm tillable ground is leased for the 2021 season. Buyer(s) to receive 50% of the cash rent income.
Survey: Final purchase price 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 sellers’ attorney trust account. Remaining balance will be due at closing.
Farm Possession: Farm possession will be on March 1st, 2022. Subject to change.
Farm Closing: June 1st, 2021
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 of seller and Iowa Land Company ability. 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. Call Land Agent Nick Skinner at 515-650-0974 prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have phone bidding and online bidding available, ask agents for details. To participate in online bidding, you must register to bid online 48 hours prior to the sale and contact the Land Agent of the sale.
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
87.76 +/- taxable acres located in Keokuk County, Iowa, Washington Township, Section 7. Exact legal description will come from the deed.
Taxes:
Estimated $3,222 Estimated Annually
Class – Agriculture
From What Cheer, Iowa
- Go south on Hwy 21 one half mile
- Turn right onto West Section Street (180th) for 2.5 miles
- Farm will be on the North (right) side of the road
- Property signage will be on the farm
