Mahaska County One Time Sealed Bid Auction – October 20th, 2021
Iowa Land Company is pleased to represent the Charles Shadrock Morgan Estate farm in Section 2 East Des Moines Township located in Mahaska County, Iowa. The farm consists of 124.97 +/- total acres and is located 2 miles southwest of Oskaloosa, Iowa. The farm will be offered on a one-time sealed bid sale. All bids must be received by Wednesday October 20th, 2021. Bids should be sent to Iowa Land Company’s office in Indianola, IA. Address will be labeled below. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation or a buyer looking to purchase a hobby farm with excellent building opportunities with the amenities of Oskaloosa just 5 minutes away. There is a 40×96 building built in 1991 on the northwest corner of the farm. The makeup of the farm is majority tillable farmland along with some nice recreational acres making the farm a nice combination farm. Currently 69 +/- acres are in production with 93.3 +/- acres considered cropland. In addition to the production acres there is an additional 20.4 +/- acres currently in CRP until 2023. The annual return on the CRP acres is $3,071 yearly. The farm is leased for the 2021 growing season full possession will be March 1st, 2022. This will be a one-time sealed bid auction. All bids must be sent to 909 E 2nd Avenue Suite G Indianola, IA 50125 Attn. Luke Skinner. There is a 10-day first right of refusal agreement in place on the farm with a local land owner. For additional details on the bidding process contact the broker.
Call Land Broker/Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Mahaska County Sealed Bid Auction
Farm Details – 124.97 +/- Acres
- 93.3 +/- Cropland Acres
- 60.9 CSR2
- 20.4 +/- CRP Acres
- PLC Yield
- Corn – 102
- Soybeans – 40
Auction Deadline Date: October 20th, 2021
Auction Time: 3:00 PM
Auction Location: Send bids to Iowa Land Company Attn. Luke Skinner
Auction Address: 909 E 2nd Ave. Suite G, Indianola, IA 50125
Sale Method: The farm will be sold as 1 tract via the one time sealed bid method.
Farm Lease: Farm is leased for 2021. Possession March 1st, 2022.
Survey: No survey will be provided, selling acres multiplier is 124.97 +/- 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: The farm is rented for the 2021 farming season. Buyer will receive full possession March 1st, 2022.
Farm Closing: November 30th, 2021
FSA Information: Call Land Broker Luke Skinner or Land Broker Matt 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 Luke Skinner or Land Broker Matt 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 48 hours before 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
Section 35 of Garfield Township and Section 2 of East Des Moines Township, Mahaska County, Iowa.
From Oskaloosa, Iowa
- Head south out of town on HWY 63 for 1.8 Miles
- Turn right (west) on 275th Street and continue for 1.3 miles
- Farm will be on the south side of the road
- See signs