Peoples Company is proud to represent the Hadley family in selling 190 acres m/l located in Section 27 of Eden Township in Marshall County, IA to be sold at auction on Thursday, March 5th at 10:00 AM at the Baxter Community Center. It's no secret that pasture is difficult to come by that is already equipped with excellent water, good fence and corral area for easy rotation and loading/unloading.
This farm has approximately 118 acres currently in pasture and 65.9 acres in CRP that expires on 10/1/2020. The current CRP payment is $138.31 per acre and the new buyer will have the option to get out of the contract or assume the existing contract and receive 100% of the payment. There is a total of 120.63 acres considered FSA tillable carrying a CSR2 of 61.3 and could be put into row crop production.
The Northwest Quarter (NW 1/4) EXCEPT N 594' of W 734' and the Northwest Quarter (NW 1/4) of the Northeast Quarter (NE 1/4) in Section 27 Township 82 North Range 20 West of the 5th PM in Marshall County, IA. Exact legal will be taken from the abstract.
FSA Cropland Acres: 120.63
Corn: 22.8 Base Acres with a PLC Yield of 107
Soybeans: 6.5 Base Acres with a PLC Yield of 30
Oats: 7.3 Base Acres with a PLC Yield of 55
65.9 acres enrolled CP4D
$138.31 per acre and an annual payment of $9,115
Contract expires 10/1/2020
From Marshalltown head West on Madison Street and continue on Highway 330 for approximately 17 miles. Then, turn left onto Davidson Avenue and the property is located 1.3 miles South on the East side of the road.
Marshall County Land Auction
190 acres m/l
Thursday, March 5, 2020
Baxter Community Center
203 S. Main St.
Baxter, IA 50028
Sale Method: The property will be offered in one individual tract. The tract will be sold on a price per acre basis.
Farm Program Information: Farm Program Information is provided by the Marshall 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 Marshall 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 April 2, 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 granted at closing. Farm is open for the 2020 season.
Farm Lease: The current farm lease has been terminated. Farm is 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 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.
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.
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