Dallas County, IA
173.57 Acres M/L

Co Rd P46 / D Avenue & 190th Street |
Dawson, IA 50066 |
Listing #14049

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Property Info

Description

High quality farmland in strong farming area! Offering 173.57 NHEL acres of highly productive Dallas County farmland to be sold in two individual tracts at public auction on Wednesday, January 24th, 2018. The auction will take place at 10:00 AM and to be held at the Yale Community Building in Yale, Iowa. Both tracts are nearly 100% tillable or every acre is income producing. Tract 1 will be sold as 40 acres m/l and consists of 39.17 FSA tillable acres with a CSR2 of 87.8. Tract 2 will be sold as 133.57 acres m/l and consists of 115.06 FSA tillable acres with a CSR2 of 86.8. Property includes 16.8 acres m/l enrolled in the CRP (Conservation Reserve Program) until 2026 with an annual payment of $5,333 ($317.47 per Acre). The CRP practice includes the CP-27 and CP-28 farmable wetlands program. Farming rights for 2018 will be made available to winning bidder. Primary soil types include high producing loam soils of Canisteo, Nicollet, and Clarion. Farm has been well maintained over the years and improvements include both county and private drainage tile with several intakes located on the farm. Tracts are located just south of Dawson, Iowa, southeast of Yale, Iowa, and located in Section 4 of Lincoln Township.

Legal Description

Long Legal Descriptions on File. See attachments for full legal descriptions

Details

Total Base Acres: 153.4
Corn Base: 86.7 Base Acres with a PLC Yield of 163.
Bean Base: 66.7 Base Acres with a PLC Yield of 44.

Farmland has been enrolled in ARC-Co.
*Farm Program Information for both tracts 1 and 2 are currently combined under Farm #1187 and Tract #2094. Base Acres will be adjusted according to the Dallas County FSA Office after the farmland has been reconstituted.

Directions

Tract 1 (40 Acres M/L):
From Yale, Iowa - Travel east on Co Rd F25 (160th Road / 180th Street) for 6.5 miles until Co Rd P46 (D Avenue). Turn right (south) for one mile until 190th Street. Turn right (west) and travel 1/2 mile. Property is located on the north side of the road. Look for sign and driveway.

Tract 2 (133.57 Acres M/L):
From Yale, Iowa - Travel east on Co Rd F25 (160th Road / 180th Street) for 6.5 miles until Co Rd P46 (D Avenue). Turn right (south) for just over 1/2 mile. Property is located on the west side of the road. Look for sign and driveway.

Sign On Property: Yes
School District: Perry Community School District
General Area: South of Dawson, Iowa and east of Yale, Iowa
Online Bidding: Yes
Auction Date: Jan 24, 2018
Possession: At Closing, Subject to Tenants' Rights
Terms: Cash, Conventional

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Auction Details

Dallas County Land Auction
173.57 Acres M/L
Offered in Two Separate Tracts
Wednesday, January 24, 2018
10:00 AM

Sellers:
Summerson Farm Partnership – Attn: Albert M. Summerson, Elta Summerson & Eva Dobson

Auction Location:
Yale Community Building
North Main Street
Yale, Iowa 50277

Auction Method: Tract 1 and Tract 2 will be offered separately and will not be combined at any point during the auction.

Farm Program Information: Farm Program Information is provided by the Dallas County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Dallas County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or about Thursday, March 1, 2018. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be granted at closing, subject to tenant rights.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2018 season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.

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Tract 1 - 190th Street, Dawson, IA 50066

Price Per Acre: $10

Photos

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Attachments

Description

Tract 1 consists of 40 acres m/l of which 39.17 acres are FSA tillable and carry a CSR2 of 87.8. Soil types include Canisteo, Nicollet, and Clarion Loams. Farm is located in Sections 4 of Lincoln Township, Dallas County, Iowa.

Legal Description

Long Legal Descriptions on File. See attachments for full legal descriptions.

Details

Acres: 40.00 Acres M/L
Net Taxes: $1,180.00
CSR2: 87.00

Directions

From Yale, Iowa - Travel east on Co Rd F25 (160th Road / 180th Street) for 6.5 miles until Co Rd P46 (D Avenue). Turn right (south) for one mile until 190th Street. Turn right (west) and travel 1/2 mile. Property is located on the north side of the road. Look for sign and driveway.

Tract 2 - Co Rd P46 / D Avenue, Dawson, IA 50066

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Attachments

Description

Tract 2 consists of 133.57 acres m/l of which 115.06 acres are FSA tillable and carry a CSR2 of 86.8. Soil types include Canisteo, Clarion, and Nicollet Loams. Tract includes 16.8 acres m/l enrolled in the CRP (Conservation Reserve Program) until 2026 with an annual payment of $5,333 ($317.47 per Acre). The CRP practice includes the CP-27 and CP-28 farmable wetlands program. Farming rights for 2018 will be made available to winning bidder. Farm is located in Sections 4 of Lincoln Township, Dallas County, Iowa.

Legal Description

Long Legal Descriptions on File. See attachments for full legal descriptions.

Details

Acres: 133.00 Acres M/L
Net Taxes: $3,852.00
CSR2: 87.00

Directions

From Yale, Iowa - Travel east on Co Rd F25 (160th Road / 180th Street) for 6.5 miles until Co Rd P46 (D Avenue). Turn right (south) for just over 1/2 mile. Property is located on the west side of the road. Look for sign and driveway.