Montgomery County, Iowa 118.50 +/- Acres Farmland Auction

Farm Information

• 118.5 +/- Taxable Acres
• 105.73 +/- FSA Cropland Acres
  • 29.98 of the 105.73 FSA cropland acres are in CRP through 9/30/30 paying $5,164.00 annually.
  • Balance (75.75 +/- acres) has been cash rented on an annual basis
• 58.5 CSR2 across entire farm
• Rented for the 2023 agricultural season. Buyer to receive full possession March 1, 2024.
• CRP income will be prorated to date of closing
• 40’ x 84’ pole barn located on the property
• Three older grain bins located on the property 
• Located just 3 miles from Stanton, IA
• Located 7 miles east of Red Oak, IA
• East Central Montgomery County, IA
• Base Acres
  • 55 Corn
  • 20.75 Soybean
• PLC Yield
  • 130 Corn
  • 39 Soybeans

Seller: Lewis Family Farm

Auction Date: August 25th, 2023

Auction Time: 1:00 PM 

Auction Location: Stanton, Iowa Community Room

Auction Address: 205 Broad Street, Stanton, IA 51573

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.

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 real estate possession at closing. Full possession will be on March 1st, 2024.  

Farm Closing: On or before October 4th, 2023.

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 seller and Iowa Land Company. All information is subject to change. 

Mineral Rights: Mineral rights 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 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 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, 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.