Tract 1 of 1

Tract 1 of 1

Description

Tract 1 Description:

The 115.75± acres Tract 1 has approximately 116.42± cropland acres with an average CSR2 of 90.36. Tama Silty Clay Loam, Sawmill Silty Clay Loam, Muscatine Silty Clay Loam, and Judson Silty Clay Loam are the predominant soils. Access is from QQ Avenue with direct road frontage. This farm has gently sloping terrain with natural drainage into waterways. This will make an attractive addition to any local producer’s operation. It would also be an attractive investment for the vacant landowner with a cash rent agreement. The nearest grain elevator is only 2 miles away. The farm is leased through the 2026 growing season but will be free and clear with full possession as of March 1, 2027.

Deeded Acres:     115.75±

FSA Farmland Acres:     116.42±

Soil Types:     Tama Silty Clay Loam, Sawmill Silty Clay Loam, Muscatine Silty Clay Loam, Judson Silty Clay Loam

Soil PI/NCCPI/CSR2:     90.36 CSR2

CRP Acres/Payment:    NA

Taxes:     $5,751 in 2025

Lease Status:     Rented for 2026 but open tenancy for the 2027 crop year

Possession:     March 1, 2027

Survey Needed?:     No survey needed

Brief Legal:     115.75± acres located pt S ½ NE ¼ and N ½ NW SE N ½ NE SE S2 T85N R14W Tama Co Iowa

PIDs:     07.02.200.007, 07.02.200.005, 07.02.400.001, 07.02.400.005

Lat/Lon:     42.204/-92.441

Zip Code:    50675

Terms of Sale

BUYERS PREMIUM: No buyer's premiums or internet fees

TAXES: Prorated to date of close

TENANCY: Open tenancy for 2027

RENTS: Seller to retain 2026 rents

MINERALS: Seller-owned rights will convey

CLOSING COSTS: Seller pays for abstract continuation/creation, transfer documents, transfer tax, 1/2 closing fee/ Buyer pays for title opinion, transfer document recording fees, 1/2 closing fee

CLOSING DATE: On or before 30 days from seller acceptance

DOWN PAYMENT: 10%

POSSESSION DATE: At closing

SURVEY: None needed

SELLER: Jamatara Trust and the DF Wolfgram Marital Trust

SALE ORDER: By the acre

SALE METHOD: Sells Subject to seller acceptance

Licensing

Ranch & Farm Auctions is a licensed trade name of Whitetail Properties Real Estate LLC

Richard F Baugh, Iowa Broker License # B57515100

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332                                                                                                           

Ben Harshyne, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 319.853.1162

Mitch Dellamuth, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 319.432.3420

Cody Lowderman, IA Auctioneer, B64012000