High quality farm in strong farming area! Peoples Company is representing the sale of a single tract consisting of 101.01 surveyed acres of productive Jasper County, Iowa farmland. The farm will be sold at public auction at 10:00 AM on Tuesday, December 3rd, 2019 and the auction will be held at the Izaak Walton League in Newton, Iowa.
This tract lies along the west side of paved road IA Highway 14 approximately 2 miles north of Newton, Iowa and in Section 9 of Newton Township. The farm is considered 100% tillable with 102.22 FSA tillable acres with an average CSR2 rating of 77, compared to the average CSR2 rating for Jasper County of 68.5. Primary soil types on this tract include Ackmore-Colo Complex, Tama Silty Clay Loam and Killduff Silty Clay Loam. Other highlights include efficient farmability with three quarter mile rows and sufficient access for larger equipment by way of a wide driveway from IA Highway 14. Conservation practices have been actively applied with well established waterways to prevent soil erosion and move excess water away from the farmland. Several grain markets and grain elevators are located nearby allowing for competitive bidding for crops. Farm lease is open for the 2020 crop season.
FSA Cropland: 102.22 acres
Corn: 51.79 base acres with PLC Yield of 157
Soybeans: 42.57 base acres with PLC Yield of 44
Farm is enrolled in ARC-CO
Parcel B of the South Half of Section 9, Township 80 North, Range 19 West of the 5th P .M. in Jasper County, Iowa, as shown by Plat of Survey in Book 1157 at pages 210-211 in the office of the Recorder of said County; subject to: A perpetual nonexclusive easement for ingress and egress in favor of the owner of Parcel C of the South Half of Section 9, over the field entrance on Highway 14 at Sta.144+50, and over a strip of land 30 feet wide along the West line of Highway 14, extending from the North side of that field entrance to the Northerly line of Parcel A of the Southeast Quarter of said Section 9, as shown by Plat of Survey in Book 970 at page 556 in the office of the Recorder of said County, and continuing 30 feet wide along the Northerly line of said Parcel A and also extending 30 feet beyond the Westerly line of Parcel A, and continuing 30 feet wide along the Westerly line of Parcel A to the North line of said Parcel C. Exact legal will be taken from the abstract.
From the Interstate 80 / IA Highway 14 interchange, head north on IA Highway 14 for 5 miles and farm will be on the west side of the road. Look for signs.
Jasper County Land Auction
101.01 Acres M/L
Tuesday, December 3rd, 2019
Kent & Melissa Kiburz
Izaak Walton League
889 Highway F36 W
Newton, IA 50208
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 Jasper 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 Jasper 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 Wednesday, January 8th, 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.
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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