Bid Now! Wayne County Land Auction

02-15-2018SoldListing #14072

60th Street & Summit Road, Humeston, IA 50123
Wayne County, Iowa
80.00 acres m/l

Wayne County Land Auction
Listing #: 14072


Peoples Company is proud to offer 80 acres m/l of productive Wayne County farmland to be sold ‘Absolute’ to the highest bidder at a live public auction. Located just 2 miles east and south of Humeston, this farm represents productive tillable farmland and excellent hunting and recreational opportunities in south central Iowa. This farm includes 63.16 FSA Cropland Acres of which 5.96 acres are currently enrolled into a CP21 CRP contract that expires in 2025. The CSR2 on the tillable soils is 43.1 and the balance of the farm is in timbered draws and ditches. Farming rights for 2018 will be awarded to the winning bidder. Anhydrous was applied to this farm after the 2017 harvest. Farm is located in Section 24 of Richman Township.

12:00 Noon to 1:00 p.m.
Meal will be prepared by the Wayne County Cattlemen's Association


Legal Description

The SW1/4 of the SW1/4 and the NE1/4 of the SW1/4 all in Section 24 of Richman Township, Wayne County, Iowa.  T-70-N R-23-W (Exact legal description to come from abstract)

Farm Details

Tract #26
FSA Farmland:  78.13 Acres
FSA Cropland:  63.16
CRP Acres:  5.96 Acres of CP21 paying $237.01 per acre expiring in 2025
Corn Base:  28.10 Base Acres with a PLC Yield of 101
Soybean Base:  29.10 Base Acres with a PLC Yield of 32
Corn-Beans no-till rotation per updated Conservation Plan
Contact Auctioneer for more information on Conservation Plan


From Humeston, Iowa travel east on county Highway J22 approximately 1.5 miles to 60th Street. Travel south on 60th Street one mile to Summit Road. These two 40’s are situated to the northeast of the intersection of 60th Street and Summit Road. Watch for Peoples Company signs.

Auction Details

Wayne County ‘Absolute’ Land Auction
80 Acres M/L
Thursday, February 15, 2018 at 1:00 PM 

Sellers: ​Sponsler Family Farms, Inc.

Auction Location:
Humeston Community Center
111 North Eaton
Humeston, Iowa 50213

Auction Method:  Farm will be offered in one individual tract.  All bids will be on a price per acre amount.  Farm will sell to the highest bidder the day of the auction.

Farm Program Information:  Farm Program Information is provided by the Wayne 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 Wayne 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 the Verle Norris Law Firm Trust Account.

Closing:  Closing will occur on or about March 16, 2018. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer.  Closing will take place at the Verle Norris Law Firm in Corydon, Iowa.

Possession:  Full possession of the farm will be given at closing, subject to current tenant’s rights.

Farm Lease:  The current farm lease has been terminated.  Farm will be open for crop year 2018.  There are no current hunting leases in place.

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 of this farmland is not contingent upon Buyer obtaining 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 or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller.  Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent 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. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers.

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 in the marketing material and will be subject to change.  Buyer(s) should perform their 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.

Brokers Protected:  Clients must be registered with a listing broker at least 48 hours prior to start of auction.  Participating brokers please contact auctioneer for details and forms. 

Seller:  Sponsler Family Farms, Inc.


Property Map

Property Map

60th Street & Summit Road, Humeston, IA 50123
Wayne County, Iowa
80.00 acres m/l


MLS Number: 553088
Sign on Property: Yes
School District: Morman Trail
General Area: East & South of Humeston, Iowa
Gross Taxes: $712
Net Taxes: $712.00
CSR2: 43.1


Total Soils Map
Tillable Soils Map
Plat Map
Marketing Brochure
CRP Contract


Jared Chambers
Office: 515-222-1347
Cell: 641-414-0234

Jared Chambers

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Listing #14072 - 80.00 acres - Wayne, IA -
Listing #14072 - 80.00 acres - Wayne, IA -
Listing #14072 - 80.00 acres - Wayne, IA -
Listing #14072 - 80.00 acres - Wayne, IA -
Listing #14072 - 80.00 acres - Wayne, IA -