High quality farm located in strong farming area! Offering 79.67 acres m/l of productive Greene County farmland to be sold at public auction. The auction will take place on Friday, October 4th, 2019 at 10:00 AM and be held at the Jamaica Community Center in Jamaica, Iowa.
The farm consists of 72.04 FSA tillable acres with a CSR2 value of 84.2. Primary soil types include Clarion loam, Nicollet loam, and Webster Clay loam. There is an additional 5.44 Acres M/L with a CSR2 rating above 80 that has been mowed for grass hay but would have the potential to be converted for additional tillable acres. Several grain marketing options nearby with the Louis Dreyfus and POET ethanol plants located within 25 minutes and a variety of grain elevators. A wetlands determination has been completed on the farm and the tract has been deemed "prior converted" or PC which would allow for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions. (Contact agent for copy of Wetlands Determination). The current farm lease has been terminated and the farming rights will be open for the 2020 season. Also included is a 2,300 bushel grain bin built in 1966.
This property is located in Section 21 of Franklin Township, Greene County just south of Cooper, Iowa & northwest of Jamaica, Iowa with easy access to Iowa Highway 141 and Iowa Highway 4.
FSA Cropland Acres: 72.04
Corn: 31.20 Base Acres with a PLC Yield of 140
Soybeans: 28.70 Base Acres with a PLC Yield of 39
Oats: 2.50 Base Acres with a PLC Yield of 56
Farm is enrolled in ARC-CO.
The West Two Thirds of the North One Half of the Southwest One Quarter (W2/3 N1/2 SW1/4) AND the West Two Thirds of the South Quarter of the Northwest One Quarter (W2/3 S1/4 NW1/4), All in Section Twenty-one (21), Township Eighty-two (82) North, Range Thirty (30) West of the 5th P.M., Greene County, Iowa. Exact Legal Description to be taken from Abstract.
From Jamaica, Iowa: Travel north on County Road P30 / Wink Avenue for 1.2 miles continuing on Quest Avenue for an additional 2 miles. Turn left (west) on 320th Street for 2.4 miles until O Avenue. Turn right (north) on O Avenue for one half mile and the property will be located on the right (east) side of the road. Look for Peoples Company signs.
Greene County Land Auction
79.67 Acres M/L
Offered in One Tract
Friday, October 4th, 2019
Beverly A. Roberts Revocable Living Trust & Leroy “Pete” Peterson
Jamaica Community Center
NW Corner of Main Street & Van Nest Street
Jamaica, Iowa 50128
Auction Method: Property will be offered as one individual tract. All bids will be on a price per acre basis.
Farm Program Information: Farm Program Information is provided by the Greene County Farm Service Agencies.
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 Friday, November 15th, 2019. 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 given at Closing, Subject to Tenant's Rights.
Farm Lease: The current farm lease has been terminated. Farm will be open for the 2020 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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