Marshall County, Iowa 137.75 +/- Acres Farmland Auction | 2 Tracts

Marshall County Farmland auction – September 23rd, 2021

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is honored to represent this outstanding farm locally known as the “Humphreys Farm” in Northern Marshall County at a live public auction on September 23rd, 2021 @ 1pm. The farm has been in the same family for three generations and hasn’t been offered for sale for over 100 years! The farmland is located approximately four miles west of Liscomb, Iowa; one mile north of Bangor, Iowa; and eleven miles south of Eldora, Iowa.

Tract #1 is 88.37 taxable acres. This farm offers 84.15 FSA cropland acres that boosts an outstanding CSR2 of 92.8! This farm has an additional 4.15 +/- acres on the south side of the property that could easily be converted to additional tillable acres.

Tract #2 is 49.38 taxable acres and offers 44.51 FSA cropland acres which carries a CSR2 of 71.6. This is a this great opportunity to purchase a top tier farm located in Northern Marshall County less than one mile from the Hardin County line and only four miles southwest of the Grundy County line.

Call Land Broker Cody Skinner at 515-443-6343 or Land Broker Nick Skinner at 515-650-0974 for more information on this high quality Marshall County Land Auction.

 

Tract #1 – 88.37 +/- Taxable Acres

  • 84.15 +/- FSA Cropland Acres
  • 92.8 CSR2
  • Base Acres (Combined with Tract 2)
    • 75.46 Corn
    • 53.20 Soybean
  • PLC Yield
    • 153 Corn
    • 48 Soybeans

Tract #2 –  49.38 +/- Taxable Acres

  • 44.51 +/- FSA Cropland Acres
  • 71.6 CSR2
  • Base Acres (Combined with Tract 1)
    • 75.46 Corn
    • 53.20 Soybean
  • PLC Yield
    • 153 Corn
    • 48 Soybeans

Auction Date: September 23rd, 2021

Auction Time: 1:00 PM

Auction Location: Liscomb Community Building

Auction Address: 114 Main St, Liscomb, IA 50148

Sale Method: The farm will be sold on live public auction with online bidding offered as two individual tracts. 

Farm Lease: Farm is leased for 2021. Full possession March 1st, 2022. The sellers will retain the entire 2021 farm income.

Survey: No survey will be provided; we are selling taxable acres. The multiplier will be 88.37 +/- acres and 49.38 +/- 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(s) will receive full possession March 1st, 2022  

Farm Closing: October 27th, 2021

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

Tract 1
88.37 +/- net acres located in Marshall County, Iowa; Bangor Township, Section 5. Exact legal description will come from the abstract.

Tract 2
49.38 +/- net acres located in Marshall County, Iowa; Bangor Township, Section 8. Exact legal description will come from the abstract.

Taxes

Tract 1 – $3,392 est.
Tract 2 – $1,410 est.

From Liscomb, Iowa

  • Head west out of town on Bangor Street heading into Marble Road for 3 miles
  • Turn right (north) on Ingram Ave for 1/2 mile
  • Turn left (west) on 110th Street and continue for 1/2 mile
  • Farms will be on the north and south side of the road
  • See Signs
PROPERTY AERIAL

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