Clinton County, Iowa, Land Auction – Mark your calendar for August 23rd, 2022, at 10:00 AM in the Grand Mound Community Center, 510 Smith St, Grand Mound IA. Peoples Company is honored to represent the Traver Family, in the sale of 120 acres m/l (to be surveyed) of prime Clinton Co., Iowa, farmland, carrying a CSR2 of 77.2! Of the total 120 m/l acres in this complete portfolio, the Traver Family, farmland includes 113.63 FSA cropland acres. Located in a strong farming community near several competing grain markets, including both grain elevators and ethanol plants. This highly-tillable tract of farmland would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. Closing is to take place on December 1, 2022. Farm to be open for the 2023 crop year.
The Traver Family farmland will be offered via Public Auction and will take place at 10:00 AM in the Grand Mound Community Center, 510 Smith St, Grand Mound, IA, 52742. The farm will sell as one individual parcel on a "per acre" basis. This auction can also be viewed through a Virtual Online Auction option, and online bidding will be available.
120 Acres M/L being part of the East 1/2 of the Southwest 1/4 corner excluding part of the west 1/4 of the Southeast 1/4 in Section 12 of the DeWitt "N" Township, Clinton Co., Iowa.
DCP Cropland Acres: 113.63
Corn Base: 77.1 Acres with a PLC Yield of 150
Bean Base: 36.5 Acres with a PLC Yield of 52
From Dewitt head east out of town on Old Hwy 30 for 4 miles until the road stops at 330th Ave. Turn left on 330th Ave. and keep going for 1 mile until you turn right on 235th St. The farm will be 1/2 mile down the road on the right-hand side. Look for signs.
Clinton County, Iowa Land Auction
120 m/l (to be surveyed)
Tuesday, August 23rd, 2022 at 10:00 AM
Grand Mound Community Center
510 Smith Street
Grand Mound, Iowa 52742
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/
Auction Method: Farm will be offered in one tract. All bids will be on a price per acre amount.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
Farm Program Information: Farm Program Information is provided by the Clinton County Farm Service Agency. 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 Clinton 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 December 1, 2022 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 land will be given At Closing, Subject to Tenant's Rights.
Farm Lease: The farm is open for the 2023 Cropping year.
Contract & Title: Immediately upon the 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. The sale is not contingent upon Buyer financing.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. 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.
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. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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 the figures stated within the marketing material. The 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 the abstract.
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