Warren County, Iowa - Farmland Auction 72.85 +/- Acres


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Farm Description

Iowa Land Company is honored to represent the Henry Staubus and Mary Lou Staubus Administrative Trust, located in Warren County. 72.85 +/- acres located in Otter TWP. This a rare chance to purchase a farm that hasn’t been offered to the public since 1984. The entire farm will be offered in three tracts (This is Tract 3) at live public auction on September 5th 2018 at 12 pm Noon. The farm is located 6 miles West of Milo, IA in central Warren County. This tract is a great ridge farm with great terrace contour and tile in places. Multiple water intakes are present on this tract. A 1.75 +/- acre pond that sits in the center of the farm.  There is also an active grain bin built in 1982 that holds 10,500 bushels, with a new dryer installed in October 2016 along with a new 200 amp pedestal meter that was installed in April 2017. Also included is a 45 x 24 corn crib, and 63 x 25 livestock barn. This farm carries a 64.8 CSR2 on the cropland acres. There are currently 68.18 cropland acres. There are multiple grain facilities nearby with South Central Co-op with the closest being in Milo, IA. Check back in the coming weeks for updated farm/ auction information.  Contact Land Agents Nick Skinner or Luke Skinner to set up a private showing.

Price Loss Coverage

Corn: 35.70

Soybeans: 30.70

Bases Acres

Corn: 114

Soybeans: 41

Agriculture Information

CSR II 64.8

Productive farmland 

Auction Date: September 5th, 2018

Auction Time: 12 PM

Auction Location: American Legion Post 165

Auction Address: 105 W 1st Ave, Indianola, IA 50125

Sale Method: The farm will be sold as tract 3 of 3 by live public auction.

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: Full possession be obtained once the current crop is harvested. Subject to tenants rights.

Farm Closing: October 20th, 2018

FSA Information: Call Land Agent Nick Skinner or Luke Skinner for any FSA information questions prior to auction. Note all FSA information is estimated to the best knowledge of both seller and Iowa Land Company. All information is subject to change.

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.

Farm Lease: Farm is currently leased for the 2018 farming season. 2019 farming season will be open for 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 makes 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 conclusion. 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.

72.85 +/- acres located in Union TWP section 21. Exact legal description to be pulled from farm deed.

$1,466 taxes yearly

From Milo, IA take G58 West for 3 miles. The farm sits North of 160th Ave. or HWY 65, just Northwest of the intersection of G58 and HWY 65.


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