95.16 Productive Tillable Acres Guthrie Co, IA Selling Absolute - 95.16 Acres
95.16 Acres / Guthrie County, IA
Auction Venue Location:
Menlo Community Building, 417 Sherman Street, Menlo, IA 50164
9/13/22 at 11:00 AM CDT
Ranch & Farm Auctions, a division of Whitetail Properties Real Estate, is proud to represent the Wilson Family in the sale of their land holding in Stuart Township, Guthrie County, Iowa. This row crop farm has been owned and cared for by the Wilson Family for more than 80 years. Carrying a weighted average CSR2 of 65.6 across all acres, this farm will continue to be a producer and sound investment for the new owner. The primary soil types are Sharpsburg silty clay loam and Shelby-Adair clay loam. There are 55.16 acres with a CSR2 of 70.0 currently in production with a mix of corn and soybeans planted each season. The balance of the cropland acres have a CSR2 of 54.8 and were recently enrolled in a new CRP contract. The CP38-E2 contract pays $229.57 per acre on 22.87 acres or $5,250.00 annually. This contract expires 9.30.2032. With a combination of row crop and CRP acres, this farm would make for a great addition to an existing farming operation or a sound investment as a diversification to your portfolio. This farm will have open tenancy for the 2023 farming season
This tract has high quality tillable acres with a weighted average CSR2 of 70.0 on the tillable row crop acres and 54.8 on the CRP acres. This farm has gently rolling terrain with good drainage. The farm is a mix of row crop, CRP and pasture/recreational acres. Currently, the farm is planted in soybeans and corn has a 30' wide ingress/egress easement for field access for large ag equipment off of Victory Trail.
Property Location: From Stuart, head north 1/2 mile on P28 (Wagon Rd.) to N 10th St/340th St. Travel west 1 mile on 340th St. to Victory Trail. The farm is located 3/4 of a mile north on Victory Trail on the east side of the road. Signs will clearly identify the property location at the ingress/egress easement.
Farm Information: 95.16 acres m/l with 79.67 FSA cropland acres. 35.9 corn base acres with a PLC yield of 114. 18.59 soybean base acres with a PLC yield of 36.
Legal Description: SW NW EX PAR A, SE NW and W 7/8 SW NE 29-78-30. Exact legal description to come from abstract.
Taxes: 2020 property taxes were $2,314.00
Deeded acres: 95.16 deeded acres
FSA Farmland Acres: 93.26 Farmland acres
DCP Cropland Acres: 77.36 DCP acres (55.16 in production, 22.87 CRP)
Soil Types: Sharpsburg silty clay loam, Shelby-Adair clay loams
Soil PI/NCCPI/CSR2: CSR 2 65.6 across all acres
Base acres and Yield: Corn base acre 35.9/PLC yield 114, Soybean base acres 18.59/PLC yield 36
CRP Acres/payment: 22.87 acres CRP paying $229.574/acre
Lease Status: Open Tenancy for 2023 crop year
Possession: Immediate possession subject to current tenants rights for 2022
Survey needed?: No survey needed
Brief Legal: S29 T78N R30W in Guthrie Co, IA
Lat/Lon: 41.5222, -94.3302
Bump & Bump Law Office
211 SW 7th St
Stuart, IA 50250
Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction - cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
55.16 FSA acres with a weighted average CSR2 of 70.0
22.87 acres enrolled in CRP CP38-E2 paying $229.57/acre or $5,250 annully until 2032
Close to grain markets in Panora and Casey and the ethanol plant in Menlo
Great addition to an existing operation, the beginning farmer or to diversify your investment portfolio
30' wide ingress/egress easement off of Victory Trail.
Real Estate Auction Terms and Conditions
- Terms Of Sale
Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!
Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.
All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The broker and Auction Company represent the seller only and do not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.
Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are prorated through the day of closing as is customary. Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.
The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.
Tracts sold by the acre - The contract will indicate the current acreage , bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that results in a change to acreage, the contract will be adjusted to that acreage prior to closing and purchase price will reflect that change in acreage.
If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.
Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following auction to the Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent with the Purchase Agreement thru DocuSign. The balance of the purchase price and all closing costs are due within 30 days.
Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.
For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217)-922-0811 to reach customer service to register and bid by phone.
Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.
All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.
If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.
Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.
The information contained within is believed to be accurate but seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All sale day announcements will take precedence over any prior advertising or announcements.
LEGAL DESCRIPTIONS AND ACREAGE FIGURES:
All stated Measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more or less and obtained from sources to be considered reliable such as; government tax records, mapping software, assessors office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.
- Broker Participation
Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.
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
Garret Armstrong, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, (641) 757-9156
Cody Lowderman, IA Auctioneer, B64012000
- Auction Type
Selling Absolute by the acre