Peoples Company is pleased to be representing the Sam S. Weatherly Trust in the sale of 187 total acres m/l located in Clinton County just East of DeWitt, Iowa. The property will be offered in three separate tracts via Public Auction. The Public Auction will be held at the Grand Mound Community Center, 510 Smith St., Grand Mound, Iowa, and will begin at 10:00 AM on Thursday July 1, 2021. There will be the option of Live and Online bidding available. Don't miss your opportunity to acquire one tract or a whole portfolio of quality farms in a strong area. The three farms are situated in Section 28 of DeWitt Township, Clinton County, Iowa.
Farm Lease: The farm is leased for the remainder of the 2021 cropping season and will be open for 2022.
Of 187 acres m/l there are 185.07 FSA Cropland Acres.
Exact tract acres are subject to change from final survey. Purchase price will be adjusted to final acres.
All land in the NW 1/4 of Section 28 South of 262nd Street excluding the 27 acres in the Northwest 1/4 of Said property. All land south of 262nd Street in the W 1/2 of the NE 1/4. All lying in section 28 Township 81 North, range 4 East. Clinton Co. IA. Exact legal description to be taken from the Abstract.
Total Cropland Acres: 185.07
Corn Base: 172.10 Base Acres with a PLC Yield of 159
Bean Base: 70.02 Base Acres with a PLC Yield of 52
*Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted when the farm is reconstituted by the Clinton County FSA office.
From DeWitt, head East on Highway 30 for approximately 1.5 miles. Turn South on 300th Avenue follow 300th Avenue for .5 mile. Farm is on the East side of 300th Avenue. Look for Signs.
Clinton County Land Auction
187 Acres M/L
Thursday, July 1, 2021 at 10:00 AM
Seller: Sam S. Weatherly Trust
Grand Mound Community Center
510 Smith St.
Grand Mound, IA 52751
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/
Auction Method: The farmland will be sold in three individual tracts on a price per acre basis to the High Bidder. There will be the option of Live and Online bidding available.
Farm Program Information: Farm Program Information is provided by the Clinton 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 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 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. Seller to assign buyer 2nd half rent payment at closing.
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.
Tract 1 consists of 156 acres m/l with approximately 155 ESTIMATED Cropland acres carrying a CSR2 rating of 90.1. The primary soil types include Dinsdale & Atterberry Silt Loams. The farm is located just East of DeWitt along 262nd Street and 300th Avenue in Section 28 of DeWitt Township, Clinton County, Iowa. Not often does a farm of this caliber and magnitude come to the open market.
Tract 2 consists of 26 acres m/l with approximately 25 ESTIMATED FSA Cropland acres carrying a CSR2 rating of 61.2. The primary soil types include Tell and Garwin Silt Loams. The farm is located just East of DeWitt along 300th Avenue in Section 28 of DeWitt Township, Clinton County, Iowa.
Whether you are looking for that perfect place to call home, a secluded weekend getaway, or a year-round income property, this may be the one that you’ve been searching for.
Tract 3 consists of 5 acres m/l with approximately 5 ESTIMATED FSA Cropland acres carrying a CSR2 rating of 63.3. The primary soil types include Haig & Pershing Silt Loams. The farm is located just East of DeWitt along 300th Avenue in Section 28 of DeWitt Township, Clinton County, Iowa.
The South driveway along 300th Avenue will be included with this tract.