Marshall County, Iowa 233.32 +/- Acre 2 Tract High Quality Farmland Auction

Tract 1 

• 77.19 +/- Taxable Acres
• 74.85 +/- NHEL FSA Cropland Acres
• 92.7 CSR2 Average
• Outstanding soil ratings 
  • Tama Silty Clay loam is the majority soil type – 95 CSR2 average!
• Great farm option for a first time farm buyer looking for their first farm or anyone looking to expand their farm holdings
• Top quality farm that offers good natural water drainage

Tract 2 

• 156.13 +/- Taxable Acres
• 130.55 +/- NHEL FSA Cropland Acres with see corn history
• 94.3 CSR2 Average!
  • Muscatine Silty Clay loam and Tama Silty Clay loam is the majority soil type – 100 CSR2  – 95 CSR2 average!
  • This property offers 88 + acres of 95 – 100 CSR2 soils throughout the farm.
• An additional 27.33 acres that has been utilized for pasture in recent years
  • These pasture acres have an 89.9 CSR2 average, see soil map
• Extremely nice laying tillable acres 
• There is an old building site with several outbuildings and a grain bin located on the northern portion of this farm. These buildings will be sold in “AS IS-WHERE IS” basis
  • This building site would make for a great place to build a home or could fairly easily be cleaned up and farmed. 

Auction Date: June 10th, 2025

Auction Time: 1:00 PM 

Auction Location: Liscomb, Iowa Community Building

Auction Address: 114 Main St, Liscomb, IA 50148

Sale Method: The farm will be sold as two tracts at live public auction with online bidding per buyer’s choice method. The winning bidder has their CHOICE of which tract(s) they desire, tract 1 or tract 2. The winning bidder also has the CHOICE to take both tracts at the same time the opening round of bidding.

Farm Lease: The 2025 agricultural possession is leased. Buyer(s) will receive full possession March 1st, 2026 per tenant’s rights. Winning bidder(s) will receive the entire 2025 farm cash rent income, 50% of the 2025 cash rent will be paid at closing. The balance of the 2025 cash rent payment will be paid by the tenant in December 2025.

Survey: No survey will be conducted by the seller prior to closing, the farms 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 settlement company trust account. The remaining balance will be due at closing.

Farm Possession: Buyer will receive real estate possession at closing and full possession March 1st, 2026. Winning bidder(s) will receive the entire 2025 farm cash rent income, 50% of the 2025 cash rent will be paid at closing. The balance of the 2025 cash rent payment will be paid by the tenant in December 2025.  

Farm Closing: July 16, 2025

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

Mineral Rights: All mineral rights owned by the seller if any will be conveyed to the buyer at closing.

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. 

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, its 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.