Peoples Company is pleased to represent the Estate of Paul Nardini in the sale of 189.29 m/l acres of high-quality farmland in Marshall County, Iowa. This farm will be sold at public auction Friday, December 3rd, 2021, at 10:00 AM at the Liscomb Community Hall in Liscomb, IA. There are 174.42 acres m/l considered FSA tillable with 172.2 acres currently in row crop production. The ground being farmed has a CSR2 value of 66.4. There is an additional 1.6 acres of CRP with an annual payment of $273. The primary soil types are Saude Loam, Waukee Loam, and Lawler Loam. The remainder of the farm is in timber along Middle Minerva Creek and provides amazing hunting opportunities. This farm has excellent access with frontage on both Hwy S52 and 155th Street. Peoples Company will also be selling 71.09 acres of Grundy County farmland at this auction (listing 15798).
W 10 Acres NW SE, NE SW, SE SW, NW SW, SW SW all in Section 35 Township 85N Range 20W. N 25 acres NW NW in Section 02 Township 84N Range 20W. Exact legal description to be taken from Abstract.
FSA Cropland Acres - 174.42
Corn - 115 base acres with a PLC Yield of 134
Soybeans - 56.6 base acres with a PLC Yield of 42
1.6 Acres of CRP Paying $170.40 per Acre or $273 annually through 2022.
From State Center, IA head north on County Rd S52 for 7.5 miles. Once you pass through Clemons, IA the farm will be on your right.
From Clemons Iowa head north on S52 one mile and farm will be on your right.
Marshall County, Iowa Land Auction
189.29 Net Acres M/L
Friday, December 3rd, 2021 at 10:00 AM
Grundy County Auction #15798 to immediately follow Marshall County Auction
The Estate of Paul Nardini
Liscomb Community Center
114 Main St.
Liscomb, IA 50148
December 3rd, 2021
Auction Method: Farm will be offered in one tract. All bids will be on a price per acre amount.
Farm Program Information: Farm Program Information is provided by the Marshall 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 Marshall 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 the Peoples Company Trust Account.
Closing: Closing will occur on or about March 1st, 2022. Subject to tenants rights. 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.
Farm Lease: None
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. Sale is not contingent upon the Buyer obtaining financing.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number 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 or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent 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. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers.
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 in the marketing material and will be subject to change. Buyer(s) should perform their 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.
Brokers Protected: Clients must be registered with a listing broker at least 48 hours prior to the start of the auction. Participating brokers please contact auctioneer for details and forms.
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