Offering 101 acres m/l of productive Page County farmland to be sold “Absolute” to the highest bidder with no reserve at public auction on Tuesday, October 29, 2019 at 10:00 AM at the Elks Lodge in Shenandoah, Iowa. This tract consists of 101 acres m/l including approximately 87.09 FSA tillable acres carrying a 64.1 CSR2. Primary soil types on the tillable acres include Exira Silty Clay Loam, Shelby Clay Loam and Colo-Judson Silty Clay Loam. Extensive terracing and tile work has been completed over the years. Farm is located on the south side of 290th Street in Section 6 of Pierce Township.
FSA Cropland Acres: 87.09
Corn: 37.15 Base Acres with a PLC Yield of 95
Soybeans: 6.88 Base Acres with a PLC Yield of 39
Wheat: 2.5 Base Acres with a PLC Yield of 34
Oats: .43 Base Acres with a PLC Yield of 50
Farm is enrolled in ARC-CO
Part of Section Seventeen (17), Township Sixty-seven (67) North, Range Thirty-eight (38) West of 5th P.M., Page County, Iowa. Exact legal description to be taken from the abstract.
From Coin, Iowa: Travel south on Highway M48 for 2.25 miles before turning right and heading west on 290th Street. Travel west on 290th Street for .75 miles and property will be on the south side of the road. Look for Peoples Company signs.
Page County Land Auction
101 Acres M/L
Offered in One Tract
Tuesday, October 29th, 2019
701 S Fremont Street
Shenandoah, Iowa 51601
Auction Method: Farm will be offered in one tract. All bids will be on a price per acre basis. Tract will be sold absolute to the highest bidder and without any reserve.
Farm Program Information: Farm Program Information is provided by the Page 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 Page County FSA and NRCS offices.
Earnest Money Payment: A 15% 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 Tuesday, December 3rd, 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 Tenants 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. 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.
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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