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Jasper County, IA
1183.97 Acres M/L

S. 48th Avenue W.
Newton, IA 50208

Price	Click to Bid Online
Listing	#16680

LAND AGENT

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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PRESIDENT

Steve Bruere

Office: 515.222.1347
Steve@PeoplesCompany.com

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Description

Major Jasper County, Iowa Land Auction – Mark your calendar for Thursday, May 25th, 2023 at 10:00 AM! Peoples Company is pleased to represent the Healy Family in the sale of 1,183.97 total acres m/l of prime Jasper County, Iowa farmland through 11 different tracts ranging in size from 30.87 acres m/l to 316.07 acres m/l.

Of the total 1,183.97 acres m/l in this portfolio, the Healy Family farmland includes 844 FSA cropland acres with an estimated 733.33 acres currently in row crop production carrying CSR2 ratings in the mid 60's to high-80's. The remaining 110.67 FSA cropland acres currently enrolled in the Conservation Reserve Program (CRP) with contracts expiring between 2026-2032. The remaining balance of the acres consists of quality timber and excellent recreation along the South Skunk River. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these highly-tillable, contiguous tracts of farmland would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. This excellent land portfolio has been proudly owned by the Healy Family for many years with a long term tenant that has taken excellent care of the farm.

Over the years, the Healy Farm has been well operated and managed resulting in optimal soil fertility and yields well above the county averages. Recent soil analysis completed in November of 2022 shows the farm containing optimal PH levels and Phosphorous, Potassium and Organic Matter levels well above average. Farm approved APH yields for corn range from 217 to 244 and soybeans range from 58 to 67, well above the county T-yields of 199 and 57 respectively.

Tract 1: 124.31 acres m/l with an estimated 121.67 FSA cropland acres carrying a CSR2 soil rating of 74.1.
Tract 2: 30.87 surveyed acres m/l with an estimated 28.51 FSA cropland acres carrying a CSR2 soil rating of 89.5.
Tract 3: 99.46 acres m/l with an estimated 96.79 FSA cropland acres carrying a CSR2 soil rating of 83.3.
Tract 4: 33.27 acres m/l with an estimated 21.97 FSA cropland acres carrying a CSR2 soil rating of 61.1.
Tract 5: 59.90 surveyed acres m/l with an estimated 53.08 FSA cropland acres carrying a CSR2 soil rating of 74.2.
Tract 6: 40 acres m/l with an estimated 35.76 FSA cropland acres and a CSR2 rating of 87.
Tract 7: 103.74 surveyed acres m/l with an estimated 105.81 FSA cropland acres and a CSR2 rating of 70.6. Of the 105.81 acres m/l 1.81 acres are enrolled into the Conservation Reserve Program (CRP) until 2032 with an annual payment of $438.22 ($242.11/acre).
Tract 8: 156.66 surveyed acres m/l with an estimated 142.02 FSA cropland acres and a CSR2 rating of 71.7.
Tract 9: 140.23 surveyed acres m/l with an estimated 129.53 FSA cropland acres and a CSR2 rating of 59.8.
Tract 10: 316.07 acres m/l with 45.43 FSA cropland acres. Currently, the 45.43 FSA cropland acres are enrolled into the Conservation Reserve Program (CRP) with 42.72 acres enrolled in CP31 until 2026 with an annual payment of $11,583 ($271.13/acre), additionally, .63 acres are enrolled in CP21 until 2029 with an annual payment of $131 ($208/acre), and 2.08 acres enrolled in CP9 until 2032 with an annual payment of $503.58 ($242.11/acre). The overall annual CRP payment is $12,217.58.
Tract 11: 79.46 acres m/l with 63.43 FSA cropland acres. Currently, the 63.43 FSA cropland acres are enrolled into the Conservation Reserve Program (CRP) with 61.42 acres enrolled in CP38E-2 until 2032 with an annual payment of $15,012 ($244.42/acre). Additionally, 2.01 acres are enrolled in CP21 until 2031 with an annual payment of $603 ($300/acre). The overall annual CRP payment is $15,615.

The eleven tracts will be offered via Public Auction and will take place at 10:00 AM at the Jasper County Fair Grounds, Exhibit Hall, 359 N. Walnut Street, Colfax, IA 50054. The farmland tracts will be sold as eleven individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all eleven tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Legal Description

Long legal description on file. See abstract for full legal description.

Sign On Property: Yes
MLS Number: 671454
School District: Newton Public Schools
General Area: South of Newton, Iowa
Zoning: Agriculture

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Tracts

Tract 1 - W 54th Street S, Newton, IA 50208

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Description

Tract 1 consists of 124.31 acres m/l with an estimated 121.67 FSA cropland acres carrying a CSR2 rating of 74.1. Primary soil types include the highly productive Nevin silty clay loam and Bremer silty clay loam. Located on the west side of W 54th Street S, this tract is situated in Section 12 and 13 of Mound Prairie Township.

A wetland determination has been completed on this tract and has been deemed Prior Converted. Please see attached wetland determination map for more information.

Tract 1 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $15,208.75 at closing.

Legal Description

West ½ of SE ¼ South of RR in Section 12, Township 79, Range 20; West ½ of NE ¼ in Section 13, Township 79, Range 20, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 124.31 Acres M/L
Parcel Number: 1212400002; 1213200001; 1213200002; 1213200003
CSR2: 74.10

Directions

From Interstate 80/Highway 14 Exit (Tract 1): Travel south on Highway 14 for approximately 1 mile, turn right (west) onto S 36th Avenue W. Continue west for 2.5 miles, turn left (south) onto W 54th Street S. Travel south for .25 miles and Tract 1 will be located on the west side of the road. Look for the Peoples Company sign.

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Tract 2 - S 36th Avenue W & W 54th Street S, Newton, IA 50208

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Description

Tract 2 consists of 30.87 surveyed acres m/l with an estimated 28.51 FSA cropland acres carrying a CSR2 rating of 89.5. The primary soil type is the highly productive Tama silty clay loam. This highly tillable farmland tract is located on the southeast corner of W 54th Street S and S 36th Avenue W and is situated within the Southeast Quarter of Section 12 in Mound Prairie Township.

Tract 2 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $3,563.75 at closing.

Legal Description

East ½ of SE ¼ North of RR in Section 12, Township 79, Range 20, Jasper County, Iowa. Exact legal description to be taken from Abstract

Details

Acres: 30.87 Acres M/L
Parcel Number: *Part of 1212400003
CSR2: 89.50

Directions

From Interstate 80/Highway 14 Exit (Tract 2): Travel south on Highway 14 for approximately 1 mile, turn right (west) onto S 36th Avenue W. Continue west for 2.25 miles and Tract 1 will be located on the south side of the road. Look for the Peoples Company sign.

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Tract 3 - W 54th Street S & S 48th Avenue W, Newton, IA 50208

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Description

Tract 3 consists of 99.46 acres m/l with an estimated 96.79 FSA cropland acres carrying a CSR2 rating of 83.3. Primary soil types include the highly productive Judson silty loam, Nevin silty clay loam, and Judson silty clay loam. This nearly 100% tillable farmland tract is located within parts of Section 12, 13, and 18 of Mound Prairie Township. Tract 3 is situated along both W 54th Street S and S 48th Avenue W with accessible driveways along both roads.

Tract 3 contains a 40' wide perpetual ingress/egress easement to benefit the adjoining landowner. Please see attached easement for more details.

Tract 3 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $12,098.75 at closing.

Legal Description

East ½ of SE ¼ South of RR in Section 12, Township 79, Range 20; SW ¼ of NW ¼ Excluding Tract 208.71' X 208.71' Beginning at 430.51' East of SW Corner & Excluding Parcel A, From center of creek West in Section 18, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 99.46 Acres M/L
Parcel Number: Part of 1212400003; 1212400004; 1213200007; 1213200008; 1318100009

Directions

From Interstate 80/Highway 14 Exit (Tract 3): Travel south on Highway 14 for approximately 1 mile, turn right (west) onto S 36th Avenue W. Continue west for 2.5 miles, turn left (south) onto W 54th Street S. Travel south for .25 miles and Tract 3 will be located on the east side of the road. Look for the Peoples Company sign. Tract 3 can also be accessed from the south side along S 48th Avenue W.

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Tract 4 - West 36th Street S. / Meadow Avenue, Newton, IA 50208

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Description

Tract 4 consists of 33.27 acres m/l with an estimated 21.97 FSA cropland acres carrying a CSR2 rating of 61.1. The remaining balance of the tract consists of heavily-wooded timber draws offering ample recreational opportunities with Cherry Creek bordering the west side of the tract. Primary soil types include Downs silt loam and Judson silty clay loam. Located on the northwest corner of Meadow Avenue and W 36th Street S, Tract 3 is situated within the northeast quarter of Section 7 of Palo Alto Township.

Tract 4 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $2,746.25 at closing.

Legal Description

NE of NE ¼ East of Cherry Creek in Section 7, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 33.27 Acres M/L
Parcel Number: 1307200003
CSR2: 61.10

Directions

From Interstate 80/Highway 14 Exit (Tract 4): Travel south on Highway 14 for approximately 1 mile, turn right (west) onto S 36th Avenue W. Continue west for 1 mile and Tract 4 will be located on the north side of the road. Look for the Peoples Company sign.

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Tract 5 - S. 48th Avenue W., Newton, IA 50208

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Description

Tract 5 consists of 59.90 surveyed acres m/l with an estimated 53.08 FSA cropland acres carrying a CSR2 rating of 74.2. Primary soil types include the highly productive Judson silty loam and Colo silt loam. Tract 5 is improved with five grain bins and the capacity to hold approximately 107,000 bushels of grain. The bin site consists of two Brock grain bins built in the late 90's, each with a capacity of approximately 8,500 bushels. The three Conrad American bins built in 2019 each have a capacity of 30,000 bushels and are equipped with fans and low temperature dryers. The grain bin site also includes two - 1,000 gallon LP tanks. Tract 5 is situated along S 48th Avenue W and is located within Section 18 of Palo Alto Township.

Tract 5 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $6,635 at closing. Possession of the grain bins will be given to the new buyer on June 1, 2024.

Legal Description

East ½ of NW ¼, From center of creek East in Section 18, Township 79, Range 19; SE ¼ of NW ¼ of Section 18, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 59.90 Acres M/L
Parcel Number: 1318100008

Directions

From Interstate 80/Highway 14 Exit (Tract 5): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 1.5 miles and Tract 5 will be located on the north side of the road. Look for the Peoples Company sign.

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Tract 6 - Easement Access, Newton, IA 50208

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Description

Tract 6 consists of 40 acres m/l with an estimated 35.76 FSA cropland acres carrying a CSR2 rating of 87. Primary soil types include the highly productive Nevin silty clay loam and Nodaway silt loam. This highly tillable farmland tract is located within Section 13 of Mound Prairie Township. Access to Tract 6 is provided via an easement from the corner of S. 48th Avenue W. & W. 54th Street S. running straight west to the eastern edge of this tract. Please contact agents for more details.

A wetland determination has been completed on this farm and 0.4 Acres are deemed to be a wetland. Please see attached wetland determination map.

Tract 6 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $4,470 at closing.

Legal Description

NE ¼ of SW ¼ from center of creek East in Section 13, Township 79, Range 20, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 1213300002
CSR2: 87.00

Directions

From Interstate 80/Highway 14 Exit (Tract 6): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 2.25 miles to where the county road turns into a private road. Continue west on the private road for .25 miles and Tract 6 will be located on the west side of the private road. Look for the Peoples Company sign.

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Tract 7 - S. 48th Avenue W., Newton, IA 50208

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Description

Tract 7 consists of 103.74 surveyed acres m/l with an estimated 105.81 FSA cropland acres. The current tillable acres is approximately 104 acres with a CSR2 rating of 70.6. Primary soil types include the highly productive Nevin silty clay loam and Wabash silty clay. There are an additional 1.81 acres enrolled into the Conservation Reserve Program (CRP) until 2032. The CRP practice is CP-9 and has an annual payment of $438.22 ($242.11/Acre). Tract 7 is located on the south side of S 48th Avenue W and is situated in Section 13 of Mound Prairie Township.

This tract is levee protected from the South Skunk River along the southern border. A wetland determination has been completed on this farm. Please see attached map.

Tract 7 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $13,000 at closing. 2023 CRP Income will be prorated between the Buyer and Seller to the date of Closing.

Legal Description

SE ¼ North of Timber Excluding East ¼ of whole SE ¼ in Section 13, Township 79, Range 20, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 103.74 Acres M/L
Parcel Number: Part of 1213400001; Part of 1213400002; Part of 1213400003; Part of 1213400004

Directions

From Interstate 80/Highway 14 Exit (Tract 7): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 2.1 miles and Tract 7 will be located on the south side of the road. Look for the Peoples Company sign.

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Tract 8 - S. 48th Avenue W., Newton, IA 50208

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Description

Tract 8 consists of 156.66 surveyed acres m/l with an estimated 142.02 FSA cropland acres carrying a CSR2 rating of 71.7. Primary soil types include the highly productive Bremer silty clay loam, Nevin silty clay loam, and Coland clay loam. This highly tillable farmland tract is located within parts of Sections 13, 18, and 19 in Palo Township, Jasper County, Iowa.

This tract is levee protected from the South Skunk River along the southern border. A wetland determination has been completed on this farm. Please see attached map.

Tract 8 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $17,752.50 at closing.

Legal Description

East 1/8 of East ½ of SE ¼ in Section 13, Township 79, Range 20; West ½ of SW ¼ Excluding 50.11 Acre Irregular Tract and 8.91 acres NE of Irregular Tract in Section 18, Township 79, Range 19; NW ¼ of NW ¼ Excluding 13.72 Acres of Timber in Section 19, Township 79, Range 19; East ½ of NW ¼ South of Easement in NE ¼ of NW ¼ and North of Easement in SW corner of SE ¼ in the NE ¼ in Section 19, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 156.66 Acres M/L
Parcel Number: Part of 1213400002; Part of 1213400004; Part of 1224200003; Part of 1318300002; Part of 1319100001; Part of 1319100003; Part of 1319100002; Part of 1319100004; Part of 1319300002

Directions

From Interstate 80/Highway 14 Exit (Tract 8): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 2 miles and Tract 8 will be located on the south side of the road. Look for the Peoples Company sign.

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Tract 9 - S. 48th Avenue W., Newton, IA 50208

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Description

Tract 9 consists of 140.23 surveyed acres m/l with an estimated 129.53 FSA cropland acres carrying a CSR2 rating of 59.8. Primary soil types include Zook silty clay loam and Wabash silty clay loam. This highly tillable farmland tract is located within parts of Sections 18 and 19 in Palo Township, Jasper County, Iowa.

Tract 9 is leased for the 2023 cropping season. The new buyer will receive a lease credit of $16,191.25 at closing.

Legal Description

NE Corner of NW ¼ of SW ¼ 8.91 acres NE of 50.11 acres Irregular Tract in Section 18, Township 79, Range 19, Including the NE ¼ of SW ¼ Excluding Parcel A ; SE ¼ of SW ¼ in Section 18, Township 79, Range 19; North ½ of NE ¼ of NW ¼ North of Easement in Section 19, Township 79, Range 19; SW ½ of SE ¼ East of Timber, Designated as Lot 3 in Section 18, Township 79, Range 19; NW ¼ of NE ¼ in Section 19, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 140.23 Acres M/L
Parcel Number: Part of 1318300002; 1318300005; 1318300004; Part of 1319100002; 1319200001
CSR2: 59.80

Directions

From Interstate 80/Highway 14 Exit (Tract 9): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 1.5 miles and Tract 9 will be located on the south side of the road. Look for the Peoples Company sign.

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Tract 10 - Easement Access, Newton, IA 50208

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Description

Tract 10 consists of an excellent opportunity to own a large recreational farm along the South Skunk River. Tract 10 totals 316.07 acres m/l with 45.43 FSA cropland acres carrying a CSR2 rating of 64.7. Currently, the 45.43 FSA cropland acres are enrolled into the Conservation Reserve Program (CRP) with 42.72 acres enrolled in CP31 until 2026 with an annual payment of $11,583 ($271.13/acre), additionally .63 acres are enrolled in CP21 until 2029 with an annual payment of $131 ($208/acre), and 2.08 acres enrolled in CP9 until 2032 with an annual payment of $503.58 ($242.11/acre). The overall annual CRP payment is $12,217.58.

The balance of the acres consists of quality timber and river frontage that offer plenty of recreational opportunities and spectacular views of hardwoods overlooking the South Skunk River. You’ll find abundant wildlife here and a variety of fish including bass, crappie, and catfish; and the blocks of hardwood timber should prove that land adjacent to river systems produce the largest whitetails and have exceptional turkey hunting.

Tract 10 contains two separate access points via easements. The first access point is provided by an easement from the intersection of S. 48th Avenue W. & W. 54th Street S. to access the timber and west side of the tract. The second access point is from an easement off S. 48th Avenue W that runs through the water treatment facility and provides access to the CRP and east side of the tract. The north boundary of Tract 10 contains the levee that protects the tillable land on Tract 7 and 8. This levee can provide means of access for the new owner to get from one side to the other, however access will be restricted to ATV's and UTV's.

2023 CRP Income will be prorated between the Buyer and Seller to the date of Closing.

Legal Description

Easement along the East side of the NW ¼ of SE ¼ continuing into SW ½ of SW ¼ of SE ¼ from the Timber Easement South; SE ¼ of SE ¼ from the Timber Easement South in Section 13, Township 79, Range 20; West ½ of the NE ¼ North of the River; NE ¼ of NE 1/4; West 12 Acres of NW Corner of SE ¼ of the NE ¼ North of River; East 28 Acres in NE ¼ of NE ¼ Excluding SW of River; East 28 Acres of SE ¼ in NE ¼ Southwest of River in Section 24, Township 79, Range 20; SW Corner of NW ¼ of NW ¼ from Timber Easement SE; SW ¼ of NW ¼ Excluding 6.6 Acres in NE Corner; Timber Easement along East side of SE ¼ of NW ¼ Excluding farmland West of Timber Easement Except 6.7 Acres in SW Corner in Section 19, Township 79, Range 19; NE ½ of NW ¼ in SW ¼ Designated as Parcel A North of River; SW ½ of NW ¼ in SW ¼ Designated as Parcel A South of River; NE ¼ of SW 1/4; SE ¼ of SW ¼ North and South side of River, Parcel South of River designated as Parcel B in Section 19, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 316.07 Acres M/L
Parcel Number: Part of 1213400001; Part of 1213400003; 1224200001; Part of 1213400004; Part of 1224200003; 1224200004; 1224200006; 1224200007; Part of 1319100001; Part of 1319100003; 1319300005; 1319300006; Part of 1319100004; Part of 1319300002; 1319300008; 1319300007
CSR2: 64.80

Directions

From Interstate 80/Highway 14 Exit (Tract 10): Travel south on Highway 14 for approximately 2 miles, turn right (west) onto S 48th Avenue W. Continue west for 2 miles and Tract 10 will have two easement access points. The first easement is located on the south side of the road through a portion of the water treatment plant. The second easement is located at the west end of S. 48th Avenue W. where the road transitions. Look for the Peoples Company sign.

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Tract 11 - S. 64th Avenue W., Newton, IA 50208

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Description

Tract 11 consists of 79.46 acres m/l with an estimated 63.43 FSA cropland acres which are currently enrolled in two CRP contracts. 61.42 acres are enrolled in CP38E-2 practice (native grass) until 2032 with an annual payment of $15,012 ($244.42/Acre). The remaining 2.01 acres are enrolled in the CP21 practice (filter strips) until 2031 with an annual payment of $603 ($300/Acre). Primary soil types include Bremer silty clay loam, Colo silt loam and Nevin silty clay loam carrying an average CSR2 of 76.6 across all CRP acres. If a new buyer wishes, the CRP contracts could be bought out and the land returned to farm production. Estimated buyout costs are $27,208.16 for the 61.42 acres enrolled in CP38E-2 and $3,166.87 for the 2.01 acres enrolled in CP21. These amounts are subject to vary depending on the termination date of the contracts.

The remaining balance of Tract 11 consists of mature timber and river frontage, offering many recreational opportunities and abundant wildlife. This tract is situated on the north side of S 64th Avenue W and is located in Section 30 of Fairview Township.

2023 CRP Income will be prorated between the Buyer and Seller to the date of Closing.

Legal Description

NW ¼ of NE ¼ South of River; SW ¼ of NE ¼ in Section 30, Township 79, Range 19, Jasper County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 79.46 Acres M/L
Parcel Number: 1330200004; 1330200001
CSR2: 76.60

Directions

From Interstate 80/Highway 14 Exit (Tract 11): Travel south on Highway 14 for approximately 4.5 miles, turn right onto W 36th Street S. Follow West 36th Street S north for .25 miles before continuing west on S 64th Avenue W. Travel west on S 64th Avenue W for .25 miles and Tract 11 will be located on the north side of the road. Look for the Peoples Company sign.

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Auction Details & Terms

Auction Location Map

Major Jasper County, Iowa Land Auction
1,183.97 Acres M/L
Offered in Eleven Tracts
Thursday, May 25th, 2023
10:00 AM

Auction Location:
Jasper County Fair Grounds, Exhibit Hall
359 N. Walnut Street
Colfax, IA 50054

Seller: Healy Farm Trust & Cletus J Healy Trust

Auction Method: All tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, any or all tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all eleven tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 124.31 Acres M/L
Tract 2: 30.87 Acres M/L
Tract 3: 99.46 Acres M/L
Tract 4: 33.27 Acres M/L
Tract 5: 59.90 Acres M/L
Tract 6: 40 Acres M/L
Tract 7: 103.74 Acres M/L
Tract 8: 156.66 Acres M/L
Tract 9: 140.23 Acres M/L
Tract 10: 316.07 Acres M/L
Tract 11: 79.46 Acres M/L

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 Jasper 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 Jasper 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 Thursday, July 13th, 2023. 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 leased for the 2023 crop year. Contact agent for details.

CRP Contracts: Buyer will assume any and all contracts related to participation in the Conservation Reserve Program (CRP). 2023 CRP Income will be prorated between the Buyer and Seller to the date of Closing. Contact agent for details.

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.

Surveys: No additional surveying or staking will be provided by the Seller.

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.