Boone County, IA
111.89 Acres M/L

F Avenue |
Pilot Mound, IA 50223 |
Listing #15473

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Property Info

Description

Boone County, Iowa Farmland Auction – Mark your calendar for Wednesday, June 30th! Peoples Company is pleased to be representing the Estate of Donald I. Brandt in the sale of 111.89 total acres m/l located in northwest Boone County between the towns of Boxholm and Pilot Mound. This farm has been a long-time family heirloom of the Brandt family. Originally homesteaded in 1873, this property will be made available for sale to the public after 148 years of family ownership.

The farmland will be offered via public auction on Wednesday, June 30th and as an individual tract. The auction will take place at 10:00 AM at the Leonard Good Community Center at 114 SW 8th Street in Ogden, Iowa. This auction can also be viewed through a Virtual Online Auction option. Online bidding will be available as well.

Located in a strong farming community, this nearly 100% tillable farm includes 109.02 FSA cropland acres carrying a CSR2 soil rating of 75. Farmland acres are considered NHEL (Non-Highly Erodible Land) and do not include a conservation plan. Most recent 5-year crop yields have been 206 for Corn and 55 for Soybeans (APH Production and Yields available). The farm is in the process of being soil sampled and results will be made available to interested bidders. Please contact Agent Matt Adams for more information.

Drainage Ditch #107 flows through the southwest corner of the farm and allows drainage tile to outlet to “daylight”. The open ditch permits water to flow freely and not be hindered by slower underground drainage tiles. Drainage tile maps aren’t available but current improvements include two drainage intakes and seven drainage tiles (two of which are 18" in diameter) that outlet into the drainage ditch.

This tract would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. There are several competing grain marketing options located nearby including ethanol plants and a variety of grain elevators with close proximity to US Highway 169. Additionally, the property lies just east of Boxholm, Iowa, directly northwest of Pilot Mound, Iowa, and within Section 12 of Grant Township.

Utilities have been extended to the area with rural water offered through Xenia Rural Water and electric service available through Alliant Energy. A fiber optic cable is located on the west side of F Avenue through Webster/Calhoun Co-op Telephone Association.

Legal Description

The South Half (S 1/2) of Southwest Quarter (SW 1/4) EXCEPT "Parcel A" AND the Southwest Quarter (SW 1/4) of Southeast Quarter (SE 1/4) of Section Twelve (12), Township Eighty-five (85) North, Range Twenty-eight (28), West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from Abstract.

Details

FSA Cropland Acres: 109.02
Base Acres: 74.70
Corn: 41.2 base acres with a PLC Yield of 147
Soybeans: 29.5 base acres with a PLC Yield of 41
Oats: 4.0 base acres with a PLC Yield of 69

Directions

From Boxholm, Iowa: Travel north on Beech Street to 120th Street, turn right (east) and continue for 2.0 miles. The farm is located northeast of the intersection of 120th Street and F Avenue. Look for the Peoples Company sign.

From Pilot Mound, Iowa: Travel west on County Highway E18 for 2.5 miles and turn right (north) onto F Avenue. Continue for 1 mile and the farm will be located on the east side of the road. Look for the Peoples Company sign.

Sign On Property: Yes
MLS Number: 629563
Parcel Number: 08852812300002; 088528123400001; 088528124300001
School District: Southeast Webster Grand Community School District
General Area: Northwest of Pilot Mound, Iowa & Northeast of Boxholm, Iowa
Gross Taxes: $2,578.00
Online Bidding: Yes
Auction Date: Jun 30, 2021
CSR2: 75.00
Possession: At Closing, Subject to Tenant's Rights
Terms: Cash/Conventional

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Auction Details

Boone County Land Auction
111.89 Acres M/L
Wednesday, June 30th, 2021 at 10:00 AM

Seller: Donald I. Brandt Estate

Auction Location:
Leonard Good Community Center
114 SW 8th Street
Ogden, Iowa 50212

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Auction Method: The farmland will be sold as one individual tract on a price per acre basis to the High Bidder.

Farm Program Information: Farm Program Information is provided by the Boone 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 Boone 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 Friday, August 13th, 2021. 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 Farm Tenant's Rights.

Farm Lease: There is a farm lease in place for the 2021 cropping 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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