Tama County Sealed Bid auction – Under Contract
Located in northern Tama County near Buckingham, Iowa sits this 252.63 +/- acres of high quality farmland that is offered for sale via sealed bid! All sealed bids shall be submitted to Land Broker Cody Skinner or Nick Skinner by November 3rd, 2022 at 1:00pm CST.
Iowa Land Company is honored to represent the farmland owned by The Calvin W. Dinsdale Trust and The Marilyn Dinsdale Jellings Trust. A total of three tracts of land are available; 79.13 +/- gross acres, 135.92 +/- gross acres, and 37.58 net +/- acres. These great farms offer tillable CSR2 values ranging from 91.4 – 85.9. Some tile exists throughout the land, see tile maps above for reference. These farms are growers, review per tract climate fieldview 2021 crop history reports in attached documents above!
Here is a great opportunity to purchase multiple different farm sizes located on hard surface road HWY 63 and County Rd D65 in an area where farmland doesn’t come for sale often. The farms are located just west of Buckingham Cooperative grain storage facility. If you’re wanting to expand your farming operation, increase your investment portfolio, or buy your first farm take a look at these high quality farms!
Call Land Broker Cody Skinner at 515-443-6343 or Land Agent Nick Skinner at 515-650-0974 to request a bid packet or to ask any questions about this sealed bid offering.
Tract 1 – 79.13 +/- Gross Acres
- 76.61 +/- FSA cropland acres
- 91.4 CSR2
- HWY 63 road access
- Road access on two sides of this property
- Acreage and driveway leading to old acreage located on this property was removed prior to the 2022 planting season. Most recent aerial imagery does not show this recent improvement but drone photos above do.
- 2021 corn yield average for this farm was 245 bu/ac, see Climate Fieldview crop report document above.
- PLC Yield (see 156ez)
- 178 Corn
- 51 Soybeans
Tract 2 – 135.92 +/- Gross Acres
- 111.48 +/- FSA cropland acres
- 87.3 CSR2
- 2021 corn yield average for this farm was 246 bu/ac and soybeans yield average was 82 bu/ac, see Climate Fieldview crop report document above.
- PLC Yield (see 156ez)
- 178 Corn
- 51 Soybeans PLC Yield (see 156ez)
Tract 3 – 37.58 +/- Net Acres
- 37.58 +/- FSA Cropland Acres
- 86.1 CSR2
- 2021 soybean yield average for this farm was 78 bu/ac, see Climate Fieldview crop report document above.
- HWY 63 road frontage
- PLC yield (see 156ez)
- 178 Corn
- 51 Soybeans
Sealed Bid Due Date and Time: November 3rd, 2022 1:00 PM CST
Sale Method: Parcels will be offered individually and/or combination via Sealed Bid Sale. Contact Land Broker Cody Skinner or Nick Skinner to request a bid packet. Seller has the right to reject, accept, or counter any and all bids. It is important to understand, if the seller does not accept the highest dollar amount bid per tract, the seller will then likely counter offer the high bid of each tract. You should be aware of this while making your bid so you are aware how important it is to be the highest bid per tract prior to November 3rd at 1:00pm CST.
Bid Submission Process and Earnest Money: All interested parties are required to make Sealed Bids on purchase agreement forms provided by Iowa Land Company. Please print the bid packet per tract above to submit a bid. To be considered, all sealed bids should be delivered to Iowa Land Company Urbandale, Iowa office at 2540 106th Street Suite 201 Urbandale, IA 50322. Bids can also be emailed to Cody Skinner at Cody@IowaLandCompany.com or Nick Skinner at Nick@IowaLandCompany.com on or before November 3rd, 2022. 10% earnest money payment is required with all bids. Winning bidder(s) earnest money check will be deposited in the seller’s attorney trust account within three business days of being notified their bid was accepted. All funds will be held in the seller’s attorney trust account prior to closing. Remaining purchase price balance will be due at closing. Unsuccessful bidder(s) will be notified their bid was not accepted and their earnest money will be shredded immediately following.
Obtaining A Bid Packet: You can print a bid packet above per tract or reach out to Cody Skinner or Nick Skinner to request one to be mailed to you.
Farm Lease: Farm is leased for the 2022 agriculture season. Seller to retain the entire 2022 agriculture lease income. Buyer(s) to receive full possession March 1, 2023.
Survey: No surveys will be conducted prior to closing. Tracts 2 and 3 were surveyed recently, see recent survey above
Farm Possession: Buyer will receive full possession March 1st, 2023.
Farm Closing: December 8th, 2022
FSA Information: Call Land Broker Cody Skinner or Land Broker Nick Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights owned by the seller will convey to the buyer.
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
Tract 1 – 79.13 +/- gross acres located in Tama County, Iowa; Buckingham TWP, section 14. Exact legal description will come from the abstract.
Tract 2 – 135.92 +/- gross acres located in Tama County, Iowa; Buckingham TWP, section 14 & 15. Exact legal description will come from the abstract.
Tract 3 – 37.58 +/- net acres located in Tama County, Iowa; Buckingham TWP, section 15. Exact legal description will come from the abstract.
Tract 1 – $2,894.00 +/- annually est.
Tract 2 – $36 / acre +/- annually est. (Estimated because of recent parcel survey split)
Tract 3 – $36 / acre +/- annually est. (Estimated because of recent parcel survey split)
From Buckingham, Iowa
- Tracts 1 & 2 are located 1/4 mile west of Buckingham.
- Tract 3, head south on HWY 63 for 1/4 miles and the farm is on the east side of the road.
- See Signs