Kossuth County, IA & Faribault County, MN ONLINE Land Auction
258.78 Acres M/L
Offered in Two Separate Tracts
Bidding is Live and will end Friday, April 3rd, 2020 at 11:00 AM
 

Auction Method: Tracts will be offered separately via ONLINE AUCTION BIDDING and sold on a price per acre basis. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Kossuth & Faribault 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 Kossuth & Faribault County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required within two business days after the auction close. 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, May 15th, 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 offered immediately once the 10% earnest deposit has been made and proof of liability insurance is provided to Peoples Company.

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:  All prospective bidders must register with Peoples Company through BidWrangler or directly with the Listing Agent in order to bid on 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 Listing Agents or changes on the bidding app will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of Peoples Company. No absentee or phone bids will be accepted at the auction without prior approval of the Listing Agent. All decisions of the Listing Agent are final.A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction. 

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.