Dallas County, IA
141.13 Acres M/L

210th Street & 220th Street |
Linden, IA 50146 |
Listing #14788

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Property Info

Description

Peoples Company is pleased to be representing the Hand Family in the sale of their family’s farmland located in Dallas County! The land consists of 141.13 acres m/l and will be sold as two individual tracts. The auction will take place at the Yale Community Building in Yale, Iowa on Wednesday, January 22nd, 2020 at 10:00 AM. The soil types on this farmland portfolio are high producing with CSR2 values well above the county average of 76.6.

Tract 1: 75.31 acres m/l with 68.72 FSA cropland acres carrying a CSR2 value of 87.6.
Tract 2: 65.82 acres m/l with 59.89 FSA cropland acres carrying a CSR2 value of 87.3.

Private and county drainage tile has been installed with several intakes located on and near the farm (See Attached Tile Map for known tile location). County Drainage Ditch #4 meanders through the property allowing unparalleled drainage from all corners of the farm. Any and all farm leases have been terminated and the tracts are open for the 2020 crop year. These tracts would be a great add-on to an existing farm operation and/or a smart investment for the Buyer looking to diversify their portfolio. Grain markets are close with options between Flint Hills Ethanol Plant, POET Biorefining – Coon Rapids, Louis Dreyfus Company, and a variety of grain elevators to utilize as well. The farms are located just northeast of Panora, Iowa in Section 21 of Lincoln Township. Mark your calendars to be with us for this opportunity to own Iowa farmland!

The land will be sold as two individual tracts using the "Buyers Choice" auction method. Tracts 1 & 2 will be sold on a price per acre basis, and the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased. The two tracts will not be offered in their entirety at the conclusion the auction.

Legal Description

Tract 1 (75.31 Acres M/L): The West One-half of the Northwest One-quarter (W ½ NW ¼) EXCEPT Parcel “AA” in the Northwest One-quarter of the Northwest One-quarter (NW ¼ NW ¼) as shown on plat of survey recorded in Book 2016, Page 909, in the office of the Dallas County Recorder in Section Twenty-one (21), Township Eighty (80) North, Range Twenty-nine (29) West of the 5th P.M., Dallas County, Iowa. Exact legal description to be taken from Abstract.

Tract 2 (65.82 Acres M/L): The West 65 acres of the East One-half of the Southwest One-quarter (E ½ SW ¼) of Section Twenty-one (21), Township Eighty (80) North, Range Twenty-nine (29) West of the 5th P.M., Dallas County, Iowa. Exact legal description to be taken from Abstract.

Directions

Tract 1 (From Panora, Iowa): Travel east on Iowa Highway 44 for 7 miles, turn left (north) on D Ave/County Hwy P46 for 3 miles until reaching 210th Street. Turn left (west) on 210th Street for 1 mile and property will be located on the south side of the road. Look for a Peoples Company sign.

Tract 2 (From Panora, Iowa): Travel east on Iowa Highway 44 for 7 miles, turn left (north) on D Ave/County Hwy P46 for 2 miles until reaching 220th Street. Turn left (west) on 220th Street for 0.75 mile and property will be located on the north side of the road. Look for a Peoples Company sign.

Sign On Property: Yes
Parcel Number: 0521100003, 0521100005; 0521300004, 0521300005
School District: Panorama Community School District
General Area: Linden
Net Taxes: $3,220.00
Online Bidding: Yes
Auction Date: Jan 22, 2020
Possession: At Closing, Subject to Farm Tenant's Rights
Terms: Cash/Conventional

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Auction Details

Dallas County Land Auction
141.13 Acres M/L
Offered in Two Separate Tracts
Wednesday, January 22nd, 2020
10:00 AM

Attorney:
Finneseth, Dalen & Powell: Scott C. Finneseth - Perry, Iowa

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

Auction Method: Tracts 1 and 2 will be sold on a price per acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of 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 before Wednesday, March 4th, 2020. 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.

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.

Location

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Tract 1 - 210th Street, Linden, IA 50146

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Attachments

Description

Tract 1 will be sold as 75.31 acres m/l and consists of 67.82 FSA tillable acres with a weighted CSR2 value of 87.6. Primary soil types include highly productive Canisteo clay loam, Clarion loam, and Nicollet loam. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 21 of Lincoln Township, Dallas County and is located on the south side of 210th Street.

*Tract 1 contains a 30' wide ingress/egress easement located on the northeast corner of the tract extending to the gravel road (210th Street). For additional information, please contact Agent.

Farm Details
Estimated FSA Cropland Acres: 68.72
Corn: 35.42 Estimated Base Acres with a PLC Yield of 137
Soybeans: 33.3 Estimated Base Acres with a PLC Yield of 44

*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.

Legal Description

The West One-half of the Northwest One-quarter (W ½ NW ¼) EXCEPT Parcel “AA” in the Northwest One-quarter of the Northwest One-quarter (NW ¼ NW ¼) as shown on plat of survey recorded in Book 2016, Page 909, in the office of the Dallas County Recorder in Section Twenty-one (21), Township Eighty (80) North, Range Twenty-nine (29) West of the 5th P.M., Dallas County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 75.31 Acres M/L
Parcel Number: 0521100003, 0521100005
Net Taxes: $1,726.00
CSR2: 87.60

Directions

From Panora, Iowa: Travel east on Iowa Highway 44 for 7 miles, turn left (north) on D Ave/County Hwy P46 for 3 miles until reaching 210th Street. Turn left (west) on 210th Street for 1 mile and property will be located on the south side of the road. Look for a Peoples Company sign.

Tract 2 - 220th Street, Linden, IA 50146

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Attachments

Description

Tract 2 will be sold as 65.82 acres m/l and consists of 59.89 FSA tillable acres with a weighted CSR2 value of 87.3. Primary soil types include highly productive Canisteo clay loam, Clarion loam, and Nicollet loam. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 21 of Lincoln Township, Dallas County and is located on the north side of 220th Street.

Farm Details
FSA Cropland Acres: 59.89
Corn: 31.2 Base Acres with a PLC Yield of 137
Soybeans: 28.6 Base Acres with a PLC Yield of 44

Legal Description

The West 65 acres of the East One-half of the Southwest One-quarter (E ½ SW ¼) of Section Twenty-one (21), Township Eighty (80) North, Range Twenty-nine (29) West of the 5th P.M., Dallas County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 65.82 Acres M/L
Parcel Number: 0521300004, 0521300005
Net Taxes: $1,494.00
CSR2: 87.30

Directions

From Panora, Iowa: Travel east on Iowa Highway 44 for 7 miles, turn left (north) on D Ave/County Hwy P46 for 2 miles until reaching 220th Street. Turn left (west) on 220th Street for 0.75 mile and property will be located on the north side of the road. Look for a Peoples Company sign.