Tama County land auction – August 21st, 2020
Iowa Land Company will be offering a tremendous 77-acre farm at public auction August 21st at 1:00 PM at the Memorial Building located in Traer, IA. The farm offers 75.76 cropland acres that carries a CSR2 of 87.4. Buyer will receive $50 per tillable acre ($3,788) cash rent at closing for their portion of the 2020 farm income. This is a great opportunity to buy a well taken care of farm located on Highway 63 north of Traer, Iowa 6 miles. The farm is open for the 2021 agriculture season!
Call Land Broker Cody Skinner at 515-443-6343 or Land Agent Nick Skinner at 515-650-0974 for more information on this Tama County Land Auction.
77 +/- Acres | 75.76 Cropland Acres | 87.4 CSR2
Farm Drainage: Natural plus some tile – call Land Broker Cody Skinner for details
Auction Date: August 21st, 2020
Auction Time: 1:00 PM
Auction Location: Memorial Building Traer, Iowa
Auction Address: 414 2nd Street Traer, Iowa 50675
Sale Method: The farm will be sold as 1 tract at live public auction. The farm will sell to the highest bidder subject to meeting the seller’s reserve.
Farm Lease: Farm tillable ground is leased for the 2020 season. Buyer(s) to receive $50 of the cash rent income per tillable acre.
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: The farm is rented for the 2020 farming season. Buyer will receive $50 per tillable acre ($3,788) cash rent at closing for 2020 farm income. The farm is open for 2021 farming rights.
Farm Closing: September 23rd, 2020, or before.
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 and to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to new FSA conservation plan.
Mineral Rights: All mineral rights will convey to the buyer.
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 at 515-443-6343 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.
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
77 +/- taxable acres located in Tama County, Iowa Buckingham Township, Section 11. Exact legal will come from the deed.
Taxes: $2,214 +/- Annually (estimated)
From Traer, Iowa
- Travel north on HWY 63 six miles
- The farm is located on the east side of the road
- (Northwest corner of the farm is located where gravel road 110th St meets HWY 63)