September 18th, 2025 at 1:00PM – for sale
PROPERTY DOCUMENTS
PROPERTY DESCRIPTION
Located in western Tama County, 3 miles west of Garwin, Iowa in Carlton Township, Section 8 on hard surface 240th Street sits this high-quality farm consisting of 155.38 +/- net acres. This farmland will be offered for sale at live public auction with online bidding available on September 18th, 2025 at 1:00pm at the American Legion located in Gladbrook, Iowa.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Thistlewood Farms LLC. This farm has been in the family for many many 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 $22,975 of the 2025 cash rent at closing. The buyer will receive real estate possession at closing and full possession March 1, 2026. Quality Tama 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 over the years! Join us and name your price on September 18th, 2025 at 1:00pm. For more information, call Land Broker Cody Skinner or Land Agent Nick Skinner.
Farm Details
- 155.38 +/- taxable acres
- 149.56 +/- FSA Cropland acres – See FSA map above
- 88.1 CSR2 weighted average on tillable acres
- Tama silty clay loam and Muscatine silty clay loam make up 107.34 acres of this farm!
- The farm has been targeted tiled, see tile maps above. The tenant that has farmed this farm for many decades says this farm drains extremely well.
- The approved APH yields are below –
- Corn APH yield is 247 bushel / acre
- (2024 corn crop was 274 bushel / acre)
- 2022 corn crop was 260 bushel / acre)
- Soybean APH yield is 64 bushel / acre
- Corn APH yield is 247 bushel / acre
- Located 3 miles west of Garwin in Carlton township, section 8 on hard surface 240th Street.
- The farm is leased for the 2025 farming season, the buyer will receive $22,975 of the 2025 cash rent at closing.
- Buyer will receive real estate possession at closing and full possession March 1, 2026
- Great laying farm with natural drainage toward the waterways and small ditch located in the southeast corner of of the farm
- The western part of this farm is as good of tillable as you’ll find in Tama county, 95 – 100 CSR2 farmland
- Great farm option for a buyer looking to expand their farm acres or an investor looking for an attractive return in a strong agriculture area.
- This farm has been well taken care of over the years, the current tenant has farmed the farm for many years.
Auction Date: September 18th, 2025
Auction Time: 1:00 PM
Auction Location: Gladbrook, Iowa American Legion Post
Auction Address: 429 Johnston St, Gladbrook, IA 50635
Sale Method: The farm will be sold as one tract at live public auction with online bidding available. Phone bidding can be available at your request.
Farm Lease: The farm is leased for the 2025 farming season, the buyer will receive $22,975 of the 2025 cash rent at closing. The buyer will receive real estate possession at closing and full possession March 1, 2026.
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: October 28th, 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 offer online bidding and phone bidding is available upon request.
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
155.38 +/- Taxable Acres located in Tama County, Carlton township, Section 8.
Taxes:
$7,778 +/- Annually Estimated
From Garwin, Iowa,
- Take Co 240th St 3.4 miles west of town
- The farm is located on the north side of 240th Street
- The west side of the farm is located on the east side of B Ave
- Auction signs are located on the farm (north side of 240th St.)