Howard County, IA
188.00 Acres M/L

Dale Avenue |
Riceville, IA 50466 |
Listing #16318

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Property Info

Description

Howard County, Iowa Land Auction – Mark your calendar for Thursday, September 8th, 2022! Farmland is a tightly held asset with ownership often transferring from generation to generation and rarely coming up for sale. Peoples Company is pleased to announce that a farm owned by the Haley family will be made available and sold via public auction. The auction will consist of 188 acres m/l to be sold in two separate tracts on Thursday, September 8th, 2022 at 10:00 AM at the Riceville Community Center in Riceville, Iowa.

Tract 1 consists of 104 acres m/l with 100.19 FSA cropland acres, which includes 94.95 acres of row crop acres and a CSR2 value of 83.3. The balance of the FSA cropland acres includes 5.24 estimated acres enrolled in CRP (Conservation Reserve Program)
Tract 2 consists of 84 acres m/l with 64.9 FSA cropland acres, which includes 52.7 acres of row crop acres and a CSR2 value of 84.6. The balance of the FSA cropland acres includes 12.2 acres enrolled in CRP (Conservation Reserve Program)

These tracts would be a great add-on to an existing farm operation, an affordable tract for a beginning farmer, or a smart investment for the buyer looking to diversify their portfolio. Both tracts have great access off paved Dale Avenue with several competing grain marketing options located nearby. Private drainage tile has been installed and conservation practices have been actively applied with CRP waterways/filter strips. The current farm lease has been terminated and the farming rights are available for the upcoming 2023 season. These tracts are located northeast of Riceville, Iowa in Section 16 of Jamestown Township.

Mark your calendars to be with us Thursday, September 8th for this opportunity to own Iowa farmland! The land will be sold as two individual tracts on a price per acre basis.

Legal Description

Tract 1: 104 acres m/l in the North Half (N1/2) of the Northeast Quarter (NE1/4), the Southeast Quarter (SE1/4) of the Northeast Quarter (NE1/4) in Section 16, Township 99 North, Range 14 West of the 5th P.M., Howard County, Iowa. Exact legal description is to be taken from Abstract.

Tract 2: 84 acres m/l in the East Half (E1/2) of the Southeast Quarter (SE1/4) in Section 16, Township 99 North, Range 14 West of the 5th P.M., Howard County, Iowa. Exact legal description is to be taken from Abstract.

Directions

From Riceville, Iowa: Travel east on Iowa Highway 9 for 3 miles until reaching Dale Avenue. Turn left (north) on Dale Avenue for 2 miles and the property will be located on the left (west) side of the road marked with Peoples Company signs.

Sign On Property: Yes
MLS Number: 657070
Parcel Number: 070160512000000, 070160511000000, 070160514000000, 070160541000000, 070160544000000
School District: Riceville Community School District
General Area: Northeast of Riceville, Iowa
Online Bidding: Yes
Auction Date: September 8, 2022
Possession: At Closing, Subject to Tenant's Rights
Terms: Cash, Conventional

Additional Info

Tracts 1 & 2 have been recently surveyed and the final acres will be adjusted on the sale date.
Tract 1: 105.89 Acres M/L
Tract 2: 84.37 Acres M/L

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Auction Details

Howard County Land Auction
188 Acres M/L
Offered in Two Separate Tracts
Thursday, September 8th, 2022 at 10:00 AM

Auction Location:
Riceville Community Center
119 West Main Street
Riceville, IA 50466

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Auction Method: Tract 1 and Tract 2 will be offered separately and will not be combined at any point during the auction.

Farm Program Information: Farm Program Information is provided by the Howard 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 Howard 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 SettleUP Trust Account.

Closing: Closing will occur on or before Thursday, October 20th, 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 farm will be given at closing, subject to farm tenant's rights.

Farm Lease: The farm lease has been terminated and is open for the 2023 crop season.

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.

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 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 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 the Abstract.

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Tract 1 - Dale Avenue, Riceville, IA 50466

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Attachments

Description

Tract 1 consists of 104 acres m/l with approximately 100.19 FSA tillable acres carrying a CSR2 of 83.3. Primary soil types include Oran, Clyde, and Floyd loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and private drainage tile has been installed.

Conservation practices have been actively applied to Tract 1 with CRP waterways/filter strips consisting of 5.24 estimated acres. The contracts include CRP practices CP8A and CP21 with an estimated annual payment of $1,077 (See Attached CRP Map). The current farm lease has been terminated and the farming rights are available for the upcoming 2023 season. Tract 1 is located northeast of Riceville in Section 16 of Jamestown Township, Howard County, Iowa.

Legal Description

104 acres m/l in the North Half (N1/2) of the Northeast Quarter (NE1/4), the Southeast Quarter (SE1/4) of the Northeast Quarter (NE1/4) in Section 16, Township 99 North, Range 14 West of the 5th P.M., Howard County, Iowa. Exact legal description is to be taken from Abstract.

Details

Acres: 104.00 Acres M/L
Parcel Number: 070160512000000, 070160511000000, Part of 070160514000000,
Net Taxes: $2,375.00
CSR2: 83.30

Directions

Tract 2 - Dale Avenue, Riceville, IA 50466

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Description

Tract 2 consists of 84 acres m/l with approximately 64.9 FSA tillable acres carrying a CSR2 of 84.6. Primary soil types include Floyd, Oran, and Bassett loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and private drainage tile has been installed.

Conservation practices have been actively applied to Tract 2 with CRP filter strips consisting of 12.2 acres. The contract includes CP21 with an annual payment of $2,342 (See Attached CRP Map). The current farm lease has been terminated and the farming rights are available for the upcoming 2023 season. Tract 2 is located northeast of Riceville in Section 16 of Jamestown Township, Howard County, Iowa.

Legal Description

84 acres m/l in the East Half (E1/2) of the Southeast Quarter (SE1/4) in Section 16, Township 99 North, Range 14 West of the 5th P.M., Howard County, Iowa. Exact legal description is to be taken from Abstract.