Pocahontas County Farmland auction – june 19th, 2024
PROPERTY DESCRIPTION
Iowa Land Company is honored to present Francis and Ell farm located in Southwestern Pocahontas County. This high quality farm is situated just 1/2 miles north of Palmer, IA . The farm consists of 75.93 +/- acres located in Section 2 of Bellville Township. The farm will be offered on a live public auction on June 19th, 2024 at 1PM. The farm will be offered as a stand alone one tract option. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in the heart of Iowa farm country. The farm offers a strong percentage of tillable acres boasting a well rounded 83.9 CSR2 average with Webster, Canisteo, and Nicollet soil making up the strong majority of the farm. Currently the farm offers 74.5 +/- FSA cropland acres. The farm is leased for the 2024 farm season, the new buyer will receive a $150 per cropland acre rent credit at closing. Many grain sale opportunities are presented within 20 miles of the farm.
Contact Land Broker/ Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this outstanding Pocahontas County offering. Make plans to attend and we look forward to your attendance!
Farm Information
- 74.5 +/- Cropland Acres
- 83.9 CSR2
- Well Cared For Farm
- County Main Available
- Highly Tillable Farmland
Base Acres
Corn – 47.01
Soybeans – 27.48
PLC Yield
175 – Corn
43 – Soybeans
Auction Date: June 19th, 2024
Auction Time: 1:00PM
Auction Location: Palmer Community Center
Auction Address: 415 Hansen Ave, Palmer, IA 50571
Sale Method: The farm will be sold at live public auction with online bidding and phone bidding available.
Farm Lease: The farm is currently leased for 2024. Open lease 2025.
Survey: A survey will not be conducted.
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. Subject to tenants rights.
Farm Closing: August 15th, 2024. In the event the seller needs to delay closing due to estate procedures the extended closing would be September 19th, 2024.
FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt 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 will be conveyed to the buyer if any.
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 Luke Skinner or Land Broker Matt 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 or phone bidding.
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
75.93 +/- acres located in Pocahontas County, Iowa Bellville Township, Section 2. Exact legal description will come from the deed.
Taxes:
$2,200 +/- Annually Estimated. Taxes to be prorated on the date of closing.
Farm is located 1/2 miles north of Palmer, IA on the east side of N57.
