Greene County, Iowa Farmland Auction – Mark your calendar for Friday, November 5th, 2021! Peoples Company is pleased to be representing the Estate of Dennis R. Graven in the sale of 80 total acres m/l located north of Jamaica in southeast Greene County, Iowa. Located in a strong farming community, this nearly 100% tillable farm includes 76.22 FSA cropland acres carrying a CSR2 soil rating of 85.6 with Webster clay loam and Clarion loam as the primary soil types. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and do not include a conservation plan.
The farmland will be offered as an individual tract via public auction at 10:00 AM at the Jamaica Community Center in Jamaica, Iowa. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available as well. This high-quality farmland 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 U.S. Highway 30. Additionally, the property lies within Section 11 of Franklin Township, Greene County, Iowa.
The South Half of the Northwest Quarter (S 1/2 NW 1/4) of Section Eleven (11), Township Eighty-two (82) North, Range Thirty (30) West of the 5th P.M., Greene County, Iowa. Exact legal description to be taken from Abstract.
FSA Cropland Acres: 76.22
Base Acres: 74.70
Corn: 52.70 base acres with a PLC Yield of 151
Soybeans: 22.00 base acres with a PLC Yield of 46
*Farm is enrolled in ARC-Corn and Soybean
From Jamaica, Iowa: Travel north out of town on County Highway P30 for 4.50 miles, turn left (west) onto County Highway E57 and continue for one-half mile. Turn right (north) onto Q Avenue and continue for 1 mile to the southwest corner of the property. The farmland is located immediately northeast of the intersection of Q Avenue and 295th Street. Look for the Peoples Company signs.
From Cooper, Iowa: Travel east out of town on 300th Street for 1.25 miles and turn left (north) onto Q Avenue. Continue for 1 mile to the southwest corner of the property. The farm is located northeast of the intersection of Q Avenue and 295th Street. Look for the Peoples Company signs.
Greene County Land Auction
80 Acres M/L
Friday, November 5th, 2021 at 10:00 AM
Seller: Dennis R. Graven Estate
Representing Attorney: DuWayne J. Dalen at Finneseth, Dalen & Powell, P.L.C
Jamaica Community Center
NW Corner of Main Street & Van Nest Street
Jamaica, Iowa 50128
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.
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 Greene 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 Greene 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, December 17th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. The sale of property will be subject to Court Approval, if needed.
Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights.
Farm Lease: The farm is currently leased for the 2021 cropping season and will be open for the 2022 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.
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. 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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