Marshall County, Iowa 165.06 +/- Acres Farmland Auction

Farm Information

• 165.06 +/- Taxable Acres
• 156.11 +/- FSA Cropland Acres
• 87.5 CSR2
• Rented for the 2023 agricultural season. Buyer to receive full possession March 1, 2024.
• Buyer receives the entire 2023 cash rent income which is $45,600
• Great farmability
• Strong farming community 
  • Located just 3.5 miles from Grundy County line
  • Located 4.5 miles south of Conrad and Beaman, Iowa
  • Located 1 mile east of HWY 14
• Primary soil type is Tama Silty Clay Loam 2 – 9% slope.
• Base Acres
  • 121.00 Corn
  • 20.50 Soybean
• PLC Yield
  • 186 Corn
  • 59 Soybeans

Auction Date: April 13th, 2023

Auction Time: 1:00 PM

Auction Location: Beaman, Iowa Memorial Hall

Auction Address: 215 Main Street, Beaman, IA 50609

Sale Method: The farm will be sold as one tract at live public auction with online and phone bidding available.

Farm Lease: Farm is leased for the 2023 season. Full possession is March 1st, 2024. Buyer will receive the entire 2023 cash rent income which is $45,600.

Survey: No surveys will be conducted prior to closing. We are selling 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: Buyer will receive full possession March 1st, 2024.

Farm Closing: May 18th, 2023

FSA Information: Call Land Broker 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. 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 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. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company.

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.