Tama County, Iowa 155.95 +/- Acre High Quality Farmland Auction

Farm Details 

• 155.95 +/- taxable acres
• 150.59 +/- FSA cropland acres
• 89.8 CSR2 weighted average on FSA cropland acres
  • Tama silty clay loam makes up 120+/- acres of this farm!
• Located 2.4 miles north of Garwin in Spring Creek township, section 36.
• The farm is leased for 2025 farming season
• Buyer will receive 50% of the 2025 cash rent income. 50% of the 2025 cash rent income is $24,325. 
• Great laying farm with natural drainage toward the west. It appears this farm doesn’t take on any neighboring water. 
• Two very nice ridges that run from the east of the farm to the west 
• 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
• There is some tile throughout the farm, tile maps at this time are unavailable but may be available at a later date. 

Auction Date: August 14th, 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 agriculture season. Buyer will receive 50% of the 2025 cash rent income. 50% of the 2025 cash rent income is $24,325.  

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: September 18th, 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.