April 8TH, 2025 AT 1:00PM – FOR SALE
PROPERTY DESCRIPTION
Located in western Mills County, 1 mile south of HWY 34 and less than 1 mile west of HWY 275 southeast of Glenwood, Iowa sits this quality farm consisting of 238.10 +/- net acres. These 238.10 +/- acres of farmland will be offered for sale at live public auction with online bidding available! The auction will be on April 8th, 2025 at 1:00pm at the American Legion located in Glenwood, Iowa.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Buffington Family Farms, LLC. This farm has been in the family for over 70 years and has been very well taken care of over the years. The farm will be offered for sale in one tract; the farm’s agricultural information is listed below. The farm is leased for the 2025 farming season, the buyer will receive the full 2025 cash rent income. The real estate possession will be at closing; full possession will be March 1st, 2026 per tenant rights. Quality Mills County farmland doesn’t come available often, don’t miss your chance to acquire a farm that is well taken care of and is a proven producer. Join us and name your price on April 8th, 2025 at 1:00pm. For more information, call Land Agent Nick Skinner or Land Broker Cody Skinner.
Farm Details
- 238.10 +/- Taxable Acres
- 230.09 +/- FSA Cropland Acres
- 75.8 CSR2 Weighted Average
- Located 1 mile south of HWY 34 and less than 1 mile west of HWY 275
- Leased for 2025 farming season
- Buyer will receive 2025 cash rent income in the amount of $81,750 ($375 x 218 acres)
- Great laying farm with natural drainage toward the west and southeast portions of the farm.
- Terraces where needed throughout the farm
- The farm has been in the family for over 70 years
- The farm was pastured from the 1960 – early 2000’s so the fertility is very strong
- Nice ridges that run from the north end towards the south portion of the farm.
- Great farm option for a buyer looking to expand their farm acres or an investor looking for an attractive return.
- Very well cared for over the years
- Some opportunity to add cropland acres around the old homestead
Auction Date: April 8th, 2025
Auction Time: 1:00 PM
Auction Location: Glenwood American Legion located in Glenwood, Iowa
Auction Address: 104 N Vine St, Glenwood, IA 51534
Sale Method: The farm will be sold as one tract at live public auction with online bidding available.
Farm Lease: The farm is leased for the 2025 agriculture season. The buyer will receive full farm income of $81,750 ($375 per acre x 218 acres).
Survey: A survey will not be conducted, we are selling the farm 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(s) 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 per tenants rights.
Farm Closing: May 22nd, 2025
FSA Information: Call Land Agent 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 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.
Brief Legal Description
238.10 +/- Taxable Acres located in Mills County, Center township, sections 28 and 29.
Section 28 – SW ¼ NW ¼, NW ¼ NW ¼
Section 29 – NW ¼ NE ¼, SE ¼ NE ¼, SW ¼ NE ¼, NE ¼ NW ¼
Taxes:
$9,112 +/- Annually Estimated
From Glenwood, Iowa
- Head south on South Locust Street for .5 mile
- Turn right onto Hwy 34 East for 2.4 miles
- Turn right onto Kidd Rd for 1.1 miles
- Turn left onto Kane Ave for 0.4 miles
- Auction signs are located on the farm (south side of Kane Ave.)
