Carroll County, IA, Greene County, IA, Guthrie County, IA, Audubon County, IA,
1998.04 Acres M/L
Coon Rapids, IA 50058
Listing | #15612 |


Property Info
Description
- Sign On Property: Yes
- MLS Number: 633412
- Parcel Number: Multiple
- School District: Various
- General Area: Surrounding Coon Rapids, Iowa
- Zoning: Agricultural
Interactive Map
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Tracts
Description
Legal Description
Details
- Acres: 160.00 Acres M/L
- Parcel Number: 16-09-400-001; 16-09-400-002; 16-09-400-003; 16-09-400-004; 16-09-400-005
- CSR2: 88.20
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Description
Legal Description
Details
- Acres: 240.00 Acres M/L
- Parcel Number: 1333400002; 1333400004; 1333300002; 1333300004; 1333400001; 1333400003
- CSR2: 88.70
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Description
Legal Description
Details
- Acres: 80.00 Acres M/L
- Parcel Number: 1333300001; 1333300003
- CSR2: 78.80
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Downloads
Description
Legal Description
Details
- Acres: 80.00 Acres M/L
- Parcel Number: 1332400003; 1332400004
- CSR2: 79.30
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Description
Legal Description
Details
- Acres: 51.00 Acres M/L
- Parcel Number: 0000555400
- CSR2: 56.80
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Description
Legal Description
Details
- Acres: 429.88 Acres M/L
- Parcel Number: 05-01-36-220-000; 05-01-36-210-990; 05-01-36-120-920; 05-01-36-110-911; 05-01-36-230-010; 05-01-36-240-020; 05-01-36-130-930; 05-01-36-140-941; 05-01-36-320-040; 05-01-36-310-030; 05-01-36-420-961; 05-01-36-330-051; 05-01-36-340-061; 05-01-36-430-971
- CSR2: 70.00
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Description
Legal Description
Details
- Acres: 494.22 Acres M/L
- Parcel Number: 05-06-11-110-750; 05-06-11-120-760; 05-06-11-210-790; 05-06-11-220-800; 05-06-11-230-810; 05-06-11-240-820; 05-06-11-130-770; 05-06-11-140-780; 05-06-11-410-870; 05-06-11-420-880; 05-06-11-310-830; 05-06-11-320-840; 05-06-11-330-850; 05-06-11-340-860; 05-06-11-430-890; 05-06-11-440-900
- CSR2: 81.30
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Description
Legal Description
Details
- Acres: 462.94 Acres M/L
- Parcel Number: 05-06-10-120-610; 05-06-10-110-590; 05-06-11-220-800; 05-06-11-210-790; 05-06-11-230-810; 05-06-10-140-600; 05-06-10-130-620; 05-06-10-420-640; 05-06-10-410-630; 05-06-11-320-840; 05-06-11-330-850; 05-06-10-440-740; 05-06-10-430-730
- CSR2: 81.50
Directions
Downloads
Auction Details & Terms
Live Auction Location: Sealed-Bid Delivery Locations (Mail or Drop Off to Either) - August 6th at 5:00PM:
Tuesday, August 17th, 2021 Peoples Company Community Insurance Agency
Raccoon River Social Club c/o Matt Adams c/o Chris Eddy
513 Main Street 12119 Stratford Drive P.O. Box 147
Coon Rapids, Iowa Suite B 110 5th Avenue
10:00 AM (CST) Clive, Iowa 50325 Coon Rapids, Iowa 50058
Seller(s): Garst Supply Company / Bonneyland Inc.
Sealed Bid Auction Deadline: 5:00 P.M. CST, Friday, August 6th, 2021
Deliver, Mail, or Email Bids To: Peoples Company, Attn: Matt Adams, 12119 Stratford Drive, Suite B, Clive, Iowa 50325 Matt@PeoplesCompany.com
OR
Mail or Email Bids to: Community Insurance Agency, Attn: Chris Eddy, P.O. Box 147, Coon Rapids, Iowa 50058 chris.eddy@commins.net or hand deliver to Chris Eddy at 110 5th Ave, Coon Rapids, Iowa 50058.
*Broker will confirm receipt of all emailed bids within 24 hours.
Live Auction: 10:00 A.M. CST, Tuesday, August 17th, 2021 at Raccoon River Social Club, 513 Main Street, Coon Rapids, Iowa 50058.
Auction Method Overview: Peoples Company will be offering this property in eight tracts which can be purchased individually or in combinations. The sale process will begin with a sealed-bid auction followed by a live auction. To be eligible to bid at the live auction, bidders must submit a sealed bid on an individual tract or combination of tracts. Sealed bids must be received before 5:00 P.M. (CST) on Friday, August 6th, 2021. Successful bidders in the sealed bid auction will be invited to the live auction on Tuesday, August 17th, 2021, at the Raccoon River Social Club in Coon Rapids, Iowa.
Tract 1: 160 acres m/l, Carroll County
Tract 2: 80 acres m/l, Greene County
Tract 3: 80 acres m/l, Greene County
Tract 4: 240 acres m/l, Greene County
Tract 5: 494.22 acres m/l, Audubon County
Tract 6: 462.94 acres m/l, Audubon County
Tract 7: 429.88 acres m/l, Audubon County
Tract 8: 51 acres m/l, Guthrie County
Combinations: Combination bids will not be accepted on Tracts 1, 7, & 8. Combination bids may be submitted on any sequence of Tracts 2, 3, & 4 or Tracts 5 & 6.
Successful Bidders: A successful bidder is defined as an individual who submits one of the seven highest bids on an individual tract or combination of tracts during the sealed bid auction. Successful bidders invited to attend the live auction will be eligible to bid on all tracts, individually or in combination, regardless of their sealed bid offer.
Live Auction: A traditional live auction will be held for Tracts 1, 7, & 8. The opening bid for each of these tracts will be the highest bid received during the sealed bid auction process.
For Tracts 2, 3, & 4, if the sealed bid auction results in the highest bid on an individual tract basis, then the live auction will proceed as a traditional live auction that opens with the highest bid from the sealed bid process on each individual tract. However, in the event that the sealed bid auction results in the highest bid on a combination basis, then the live auction will proceed as a “buyer’s choice” auction that opens with the highest average dollar per acre offer from the sealed bid process. If the “buyer’s choice” auction prevails, bidders with the highest sealed bid will need to have the winning bid via the live auction to own the tract(s). After first round of “choice” bidding, auctioneer will proceed with an opening bid at their discretion for the duration of the “buyer’s choice” auction.
For Tracts 5 & 6, if the sealed bid auction results in the highest bid on an individual tract basis, then the live auction will proceed as a traditional live auction that opens with the highest bid from the sealed bid process on each individual tract. However, in the event that the sealed bid auction results in the highest bid on a combination basis, then the live auction will proceed as a “buyer’s choice” auction that opens with the highest average dollar per acre offer from the sealed bid process. If the “buyer’s choice” auction prevails, bidders with the highest sealed bid will need to have the winning bid via the live auction to own the tract(s). After first round of “choice” bidding, the auctioneer will proceed with an opening bid at their discretion for the duration of the “buyer’s choice” auction.
If no additional bids are received via the tradition live auction, the highest sealed bid will be the winning bid. If no additional bids are received via the “buyer’s choice” auction, the highest combination sealed bid(s) will be the winning bid.
Auctioneer Discretion: Auctioneer retains the discretion to invite additional bidders in the event of a tie during the sealed bid auction process. In addition, the auctioneer may establish opening bids throughout the live auction.
Access to Data Room: The Auction Company has set up an electronic data room (the “Data Room”) where prospective bidders may examine documents pertaining to the sale. The documents will include but not limited to the farm program information, soil tests, fertility history, preliminary title reports, copies of the conservation easements and the form of the contract that each successful bidder will be required to sign immediately upon acceptance of the winning bid. If you wish to obtain access to the online Data Room, please contact the Auction Company.
Conservation Easement: All tracts will be subject to a permanent conservation easement that will be recorded against the property at Closing. The conservation easement will be available for review via the electronic “Data Room” at the Auction website GarstFarmsAuction.com. The conservation easement will be subject to change prior to the sealed-bid deadline and all updated drafts will be posted in the “Data Room”. Three information webinars have been scheduled to inform and update potential bidders about the permanent conservation easement and to answer any questions that may exist. The dates of these three webinars are:
Tuesday, July 27th from 2:00 PM to 3:00 PM
Thursday, August 5th from 2:00 PM to 3:00 PM
Friday, August 13th from 2:00 PM to 3:00 PM
Agency: The Auction Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge that they are representing themselves in completing the auction sales transaction.
Farm Program Information: Farm Program Information is provided by the Audubon, Carroll, Greene, and Guthrie County Farm Service Agencies. The figures stated in the marketing materials are the present best estimates of the Seller and the Auction Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the tracts of land are reconstituted by the Audubon, Carroll, Greene, and Guthrie County FSA and NRCS offices.
Earnest Money: A 10% earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash, good check, or by wire transfer. All funds will be made payable to and held by Peoples Company Trust Account.
Contract & Title: Immediately upon conclusion of the auction, the winning bidder(s) must immediately enter into a purchase agreement contract and deposit the required earnest money payment.
The terms of the signed Contract shall govern the sale and shall supersede all prior communications, negotiations, discussions, representations, brochures, or information regarding the Real Estate, regardless of when the communication or material was made, including without limitation this marketing brochure and these Terms and Conditions.
The Seller has updated abstracts or created new abstracts prior to the sale. Seller will provide a current abstract at their expense to the Buyer.
Financing: Buyer’s obligation to purchase the Real Estate is unconditional and is not contingent upon Buyer obtaining financing. All financial arrangements are to have been made prior to bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.
Closings: Closings will occur on or before September 17th, 2021. The balance of the purchase price will be paid at closing in the form of a certified check or by wire transfer. Except as otherwise provided in the Contract, the closing costs will be split equally by Buyer and Seller at Closing.
Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date of closing.
Farm Lease: Seller will retain any and all planted crops for the 2021 farm year or farm income received or to be received from the 2021 farm year. No 2021 farm income will be prorated to the Buyer. Seller will terminate all farm leases prior to September 1, 2021.
Tract #7 (429.88 Acres m/l, Audubon County): There is an existing farm lease for approximately 25 acres that have been used for cover crops. This lease will be terminated prior to September 1st, 2021, however, the Buyer will be taking possession of the property subject to this farm lease.
Possession: Possession of the Audubon County and Guthrie County farmland trats will be given at Closing, Subject to Farm Tenants Rights. The Greene County and Carroll County farmland tracts are custom farmed and possession will be given after the Seller has removed the 2021 crops.
Tracts 5, 6, 7 (All Farmland Tracts in Audubon County): Possession will be given at Closing, Subject to Tenants Rights, however, Seller will be allowed to enter property post-closing and retains ability to access the property to perform minor compliance issues on the farms.
Cover Crops: All costs and responsibility associated with the seeding and establishing cover crops after the 2021 crop is removed will be the responsibility of the Seller. Buyer to allow Seller access to the property post-closing and allow Seller to enter the property in order to facilitate cover crop planting.
Conservation Reserve Program: Seller and any other participants listed in the CRP Contracts will assign the CRP Contracts to Buyer(s) as of the Closing Date, and Buyer shall assume all obligations of the CRP Contract. All payments for the current CRP Contract year shall be prorated as of the Closing Date.
Fences:
A. Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller.
B. All fences and fence lines shall be governed by Audubon, Carroll, Greene and Guthrie County, and State of Iowa fence line rules and regulations. No new fences will be installed by the Seller.
C. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
Survey/s:
A. Surveys will only be provided for Tracts 5 and 6. No additional survey or staking will be paid for by the Seller. Acres of Tracts 5 and 6 are subject to change prior to the sealed-bid deadline and the purchase price will be based upon the new surveyed acres.
B. It will be the responsibility of each Buyer to pay for any and all fees to survey property boundaries of purchased tracts if they choose to do so.
Disclaimer:
All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Auction 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.
Other Notes:
A. The sales are subject to all easements, covenants, leases, and restrictions of record in place. All Real Estate will be sold on an “As is-Where is With All Faults” basis with no warranties or guarantees, expressed or implied, made by the Auctioneer, the Auction Company, or the Seller.
B. No warranty, either express or implied, or arising by operation of law concerning the Real Estate is made by the Seller or the Auctioneers and are hereby expressly disclaimed.
C. Any announcements made auction day by the Auctioneer or Auction Company will take precedence over these Terms and Conditions and all previous marketing materials or oral statements.
D. Bidding increments are at the sole discretion of the Auctioneer.
E. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer.
F. All decisions of the Auctioneer are final.
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