Jared Chambers, CAI
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Dallas County, Iowa Farmland Auction - Mark your calendars for Thursday, November 12th!
Peoples Company is honored to be representing the Noble K. Ezell Trust and Beulah J. Ezell Trust in the sale of 81.60 total acres m/l located just northeast of Redfield, Iowa and west of Adel, Iowa. The property will be offered via Public Auction as one tract and will take place at 10:00AM at the American Legion in Redfield, Iowa.
The farm includes 64.91 FSA tillable acres with a CSR2 of rating 82.1 and includes top producing soil types in Clarion loam, Nicollet loam, and Webster clay loam. The balance of the property includes 10.57 acres currently utilized as pasture. The property is located in a strong farming area and lies in Section 30 of Colfax Township. Good farmland option for an affordable land purchase by a beginning farmer, an add-on to an existing farming operation, or an investment for the Buyer looking to diversify their portfolio. Improvements include approximately 3,640 ft. of 5" drainage tile installed during spring 2011. Conservation practices have been applied with well-maintained waterways. There are several nearby grain marketing options including both ethanol plants and a variety of grain elevators offering competitive bidding. Farm lease has been terminated and farming rights will be available to the Winning Bidder for the 2021 farm year.
A short drive to Adel and the Des Moines Metro, prime building site locations included on this property with utilities located at the road including rural water through Xenia Rural Water (10" waterline along the west side of G Avenue and a 4" waterline along the north side of 290th Avenue) and electric service through Mid-American Energy. Internet, phone, or cable would be available through Mediacom or Windstream.
The South One-half of the Southwest Quarter (S½ SW¼) of Section 30, Township 79 North, Range 28 West of the 5th P.M., Dallas County, Iowa, EXCEPT Parcel "A" in the Southwest Quarter of the Southwest Quarter (SW¼ SW¼) of Section 30, Township 79 North, Range 28 West of the 5th P.M., Dallas County, Iowa, as shown by the survey recorded in Book 2001, Page 6767, in the Office of the Recorder of Dallas County, Iowa. Exact legal to be taken from abstract.
FSA Cropland Acres: 64.91
Base Acres: 57.8
Corn: 54.4 base acres with a PLC Yield of 128
Soybeans: 3.4 base acres with a PLC Yield of 36
From Des Moines Metro: Travel west on Interstate 80 to Exit 106, turn right (north) onto County Highway P58 for 5.6 miles, turn left (west) onto Old Highway 6/County Highway F60 for 5.0 miles, turn right (north) onto G Avenue for 1.25 miles, and the western boundary of the farm will be located adjacent to G Avenue. Look for the Peoples Company signs.
From Adel, Iowa: Travel west out of town on Old Highway 6/County Highway F60 for approximately 6.3 miles, turn right (north) onto G Avenue for 1.3 miles, and the farm will be located at the intersection of G Avenue and 290th Street. Look for the Peoples Company signs.
Dallas County Land Auction
81.60 Acres M/L
Thursday, November 12, 2020 at 10:00 AM
Seller: Noble K. Ezell Trust and Beulah J. Ezell Trust
American Legion Post 261 (Redfield)
1116 Thomas Street
Redfield, Iowa 50233
Important information regarding COVID-19: Auction will be held on location in a format that satisfies the guidelines and restrictions set forth by the Governor on auction day. In an effort to encourage social distancing and to accommodate those seeking to stay home, the auction will also be available on our Peoples Company online and mobile bidding app. Please visit PeoplesCompany.com or contact the Listing Agents prior to the auction for any update.
Auction Method: The land will be sold on a price per acre basis to the High Bidder.
Farm Program Information: Farm Program Information is provided by the Dallas 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 Dallas 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 Tuesday, December 22, 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 given At Closing, Subject to Farm Tenant's Rights.
Farm Lease: There is a farm lease in place for the 2020 farm year for the tillable acres and pasture ground.
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.
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