Kossuth County, Iowa 141.3 +/- Acres Farmland Auction | 2 Tracts

Kossuth County land auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is honored to public market 141.30+/- acres of farmland in Kossuth County for the Ulrich family. The farm is located in Section 13 and 18 of Seneca Township. The farm sits north of Hwy 15 and just three miles east of Ringsted, IA. The two tracts will be offered “buyer’s choice method of auction”.  Tract #1 has an 80.8 CSR2 average on the tillable acres and the entire farm has a 79.8 CSR2 average. Tract #2 has an 81.3 CSR2 average on the tillable acres and the entire farm has an 81.9 CSR2 average. Majority soil types on the farm are Canisteo Clay Loam and Nicollet Loam. This is a great opportunity for local producers to increase operation acres or an investment opportunity for folks looking to diversify their current investment position. The farm will trade as two tracts offered to the highest bidder at a live public auction on Tuesday March 10rd at 1 PM. Both tracts will be offered as a ” open lease for 2020 crop season” . The current operator/owner would have interest in leasing the farms in 2020. See you at this Kossuth County land auction!

Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/ Auctioneer Luke Skinner at 515-368-3610 for more information on this Kossuth County Land Auction.

Tract 169.8 +/- Acres

  • 68.04 +/- Cropland Acres | 79.8 CSR2
  • Gently rolling farmland
  • $1,188.99 taxes annually per county assessor website

Base Acres

Corn – 60.90

Soybeans – 0

PLC Yield

166 Corn

N/A Soybeans 

Tract 2 – 71.51 +/- Acres

  • 69.94 +/- Cropland Acres | 81.3 CSR2
  • Gently rolling farmland
  • $1,804.00 taxes annually per county assessor website

Base Acres

Corn – 60.90

Soybeans – 0

PLC Yield

166 Corn

N/A  Soybeans

Auction Date: March 10th, 2020

Auction Time: 1 PM

Auction Location: Ringsted American Legion

Auction Address: 5 W Maple St, Ringsted, Iowa

Sale Method: The farm will be sold as 2 tracts at live public auction as a “buyer’s choice method”. Online and phone bidding will be available for not attendee bidders.  

Farm Lease: Open Lease 2020 

Survey: Final bid multiplier will be based on taxable acres collected from the county assessor page.

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 at closing. 

Farm Closing: April 24th 2020, or before.

FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke 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. Farm will be subject to a new FSA conservation plan.

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 Broker Matt Skinner or Land Broker Luke 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, 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  

Located in Section 13 and 18 of Seneca TWP, Kossuth County, Iowa. Exact legal description will come from the deed.

Tract 1 Taxes – $1,189 Annually

Tract 2 Taxes – $1,804 Annually

From Ringsted, Iowa

  • Go east on Hwy 15 for 3 miles
  • Go north on 580th Ave ½ miles
  • The farm is on the east side of 580th ave
  • Property signage will be present
PROPERTY AERIAL

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