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Marshall County, IA
898.83 Acres M/L

Liberty Township
Clemons, IA 50051

Listing

#16904

PRESIDENT

Steve Bruere

Office: 515.222.1347
Steve@PeoplesCompany.com

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LAND AGENT

Chase Duesenberg

Office: 515.222.1347
Mobile: 641.529.0562
Chase@PeoplesCompany.com

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Property Info

Description

Major Marshall County, Iowa Land Auction – Mark your calendar for Thursday, July 27th, 2023 at 10:00 AM! Peoples Company is pleased to represent 898.83 total acres m/l of prime Marshall County, Iowa farmland through 10 different tracts ranging in size from 40 acres m/l to 230 acres m/l. These tracts will be offered via the multi-parcel auction format where tracts can be purchased individually or in any combination. Of the total 898.83 acres m/l in this portfolio, the farmland includes 844.29 FSA cropland acres carrying an outstanding CSR2 value of 89.7. The remaining 14.97 FSA cropland acres are currently enrolled in the Conservation Reserve Program (CRP) with contracts expiring in 2025.

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 high-quality land portfolio has been proudly owned for many years with a long-term tenant that has taken excellent care of each tract. Farm-approved APH yields for corn range from 215 to 260 and soybeans range from 50 to 67.

Tract 1: 64.85 acres m/l with an estimated 61.91 FSA cropland acres carrying a CSR2 value of 93.5.
Tract 2: 80 acres m/l with an estimated 76.86 FSA cropland acres carrying a CSR2 value of 90.1.
Tract 3: 80 acres m/l with an estimated 78.15 FSA cropland acres carrying a CSR2 value of 92.3.
Tract 4: 80 acres m/l with an estimated 78.09 FSA cropland acres carrying a CSR2 value of 92.5.
Tract 5: 80 acres m/l with an estimated 79.04 FSA cropland acres carrying a CSR2 value of 91.
Tract 6: 40 acres m/l with 38.16 FSA cropland acres carrying a CSR2 value of 81.3. Of the 38.16 FSA cropland acres m/l, 2.83 acres are enrolled in CRP expiring in 2025 with an annual payment of $1,006 ($355.43 per acre).
Tract 7: 230 acres m/l to be surveyed with an estimated 221.1 FSA cropland acres carrying a CSR2 value of 91. Of the 221.1 FSA cropland acres m/l, 7.8 acres are enrolled in CRP expiring in 2025 with an annual payment of $2,772 ($355.43 per acre).
Tract 8: 80 acres m/l with 69.93 FSA cropland acres carrying a CSR2 value of 78.4. Of the 69.93 FSA cropland acres, 4.34 acres are enrolled in CRP expiring in 2025 with an annual payment of $1,543 ($355.43 per acre).
Tract 9: 87 acres m/l to be surveyed with 81.63 FSA cropland acres carrying a CSR2 value of 90.8.
Tract 10: 76.98 acres m/l with 73.96 FSA cropland acres carrying a CSR2 value of 85.8.

The ten tracts will be offered via a Multi-Parcel Public Auction and will take place at 10:00 AM on July 27th at the City Hall Building, 118 E Main Street, State Center, IA 50247.

Details

Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted per the default method when the farm is reconstituted by the Marshall County FSA Office.

Directions

From Clemons, Iowa: Travel north out of Clemons on Eastman Avenue for 3 miles until reaching Marble Road. Turn left (west) on Marble Road for 1/2 mile until reaching Durham Avenue. Turn right (north) on Durham Avenue for 2 miles and the farmland will be marked with Peoples Company signs.

From Zearing, Iowa: Travel east out of Zearing on 130th/Marble Road for 6.5 miles until reaching Durham Avenue. Turn left (north) on Durham Avenue for 2 miles and the farmland will be marked with Peoples Company signs.

Sign On Property: Yes
MLS Number: 675930
School District: West Marshall Community School District
General Area: North of Clemons, Iowa
Zoning: Ag

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Marketing Brochure

Multi-Par Auction Method Sheet

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Tracts

Tract 1 - Durham Avenue & 105th Street, Clemons, IA 50051

Tract Photos

Description

Tract 1 consists of 64.85 acres m/l with 61.91 FSA cropland acres carrying a CSR2 value of 93.5. The primary soil types on this tract are some of the best in Iowa, including Tama & Garwin Silty Clay Loam.

Farmland acres are designated as NHEL (Non-Highly Erodible Land) and the farm lease will be available for the 2024 crop season. Tract 1 is located in Section 3 of Liberty Township, Marshall County, Iowa.

Legal Description

The South Half of the Northeast Quarter, except the east 500' thereof, all in Section 3, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 64.85 Acres M/L
Parcel Number: 8520-03-200-003, 8520-03-200-004
Net Taxes: $2,674.00
CSR2: 93.50

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Tract 2 - Durham Avenue & 105th Street, Clemons, IA 50051

Tract Photos

Description

Tract 2 consists of 80 acres m/l with an estimated 76.86 FSA cropland acres carrying a CSR2 value of 90.1. The primary soil types on this tract are some of the best in Iowa, including Tama & Muscatine Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 2 is located in Section 3 of Liberty Township, Marshall County, Iowa.

Legal Description

The West Half of the Southwest Quarter in Section 3, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 8520-03-400-001, 8520-03-400-003
Net Taxes: $3,186.00
CSR2: 90.10

Downloads

Tract 3 - 105th Street, Clemons, IA 50051

Tract Photos

Description

Tract 3 consists of 80 acres m/l with an estimated 78.15 FSA cropland acres carrying a CSR2 value of 92.3. The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 3 is located in Section 3 of Liberty Township, Marshall County, Iowa.

Legal Description

The East Half of the Southwest Quarter in Section 3, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 8520-03-400-002,8520-03-400-004
Net Taxes: $3,354.00
CSR2: 92.30

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Tract 4 - 105th Street, Clemons, IA 50051

Tract Photos

Description

Tract 4 consists of 80 acres m/l with an estimated 78.09 FSA cropland acres carrying a CSR2 value of 92.5. The primary soil types on this tract are some of the best in Iowa, including Muscatine & Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 4 is located in Section 2 of Liberty Township, Marshall County, Iowa.

Legal Description

The West Half of the Southwest Quarter in Section 2, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 8520-02-300-001, 8520-02-300-003
Net Taxes: $3,360.00
CSR2: 92.50

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Tract 5 - 105th Street, Clemons, IA 50051

Tract Photos

Description

Tract 5 consists of 80 acres m/l with an estimated 79.04 FSA cropland acres carrying a CSR2 value of 91. The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 5 is located in Section 2 of Liberty Township, Marshall County, Iowa.

Legal Description

The East Half of the Southwest Quarter in Section 2, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. The exact legal description is to be taken from the Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 8520-02-300-002, 8520-02-300-004
Net Taxes: $3,130.00
CSR2: 91.00

Downloads

Tract 6 - Durham Avenue & 113th Street, Clemons, IA 50051

Tract Photos

Description

Tract 6 consists of 40 acres m/l with 38.16 FSA cropland acres carrying a CSR2 value of 81.3. Of the 38.16 FSA cropland acres m/l, 2.83 acres are enrolled in the Conservation Reserve Program (CRP). The CRP program practice includes CP21 & CP9 expiring in 2025 with an annual payment of $1,006 ($355.43 per acre). The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 6 is located in Section 10 of Liberty Township, Marshall County, Iowa.

Legal Description

The Northeast Quarter of the Northwest Quarter in Section 10, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 8520-10-100-002
Net Taxes: $1,372.00
CSR2: 81.30

Downloads

Tract 7 - Durham Avenue, Clemons, IA 50051

Tract Photos

Description

Tract 7 consists of 230 acres m/l to be surveyed with an estimated 221.1 FSA cropland acres carrying a CSR2 value of 91. Of the 221.1 FSA cropland acres m/l, 7.8 acres are enrolled in the Conservation Reserve Program (CRP). The CRP program practice includes CP21 expiring in 2025 with an annual payment of $2,772 ($355.43 per acre). The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

Farm improvements include a steel utility building with 2,400 sq/ft measuring 40' by 60' built in 1975 and two - 15,000-bushel grain bins. The farm lease has been terminated and will be available for the 2024 crop season. Tract 7 is located in Sections 10 & 11 of Liberty Township, Marshall County, Iowa.

Legal Description

Part of the Northeast Quarter of Section 10 and the West Half of the Northwest Quarter of Section 11, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 230.00 Acres M/L
Parcel Number: 8520-10-200-001, 8520-10-200-002, 8520-11-100-001, 8520-11-100-002, 8520-10-200-004, Part of 8520-10-200-003
Net Taxes: $9,537.00
CSR2: 91.00

Downloads

Tract 8 - Durham Avenue & 113th Street, Clemons, IA 50051

Tract Photos

Description

Tract 8 consists of 80 acres m/l to be surveyed with an estimated 69.63 FSA cropland acres carrying a CSR2 value of 78.4. Of the 69.63 FSA cropland acres m/l, 4.34 acres are enrolled in the Conservation Reserve Program (CRP). The CRP program practice includes CP21 expiring in 2025 with an annual payment of $1,543 ($355.43 per acre). The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 8 is located in Section 10 of Liberty Township, Marshall County, Iowa.

Legal Description

The Southeast Quarter of the Northwest Quarter AND the Northeast Quarter of the Southwest Quarter in Section 10, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 8520-10-100-004, 8520-10-300-002
Net Taxes: $2,540.00
CSR2: 78.40

Downloads

Tract 9 - Durham Avenue & 120th Street, Clemons, IA 50051

Tract Photos

Description

Tract 9 consists of 87 acres m/l to be surveyed with 81.63 FSA cropland acres carrying a CSR2 value of 90.8. The primary soil types on this tract are some of the best in Iowa, including Tama & Muscatine Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 9 is located in Section 10 of Liberty Township, Marshall County, Iowa.

Legal Description

The West Half of the Southeast Quarter and part of the Southwest Quarter of the Northeast Quarter in Section 10, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 87.00 Acres M/L
Parcel Number: 8520-10-400-003, 8520-10-400-001, Part of 8520-10-200-003
Net Taxes: $3,544.00
CSR2: 90.80

Downloads

Tract 10 - Durham Avenue & 120th Street, Clemons, IA 50051

Tract Photos

Description

Tract 10 consists of 76.98 acres m/l with 73.96 FSA cropland acres carrying a CSR2 value of 85.8. The primary soil type on this tract is the highly productive Tama Silty Clay Loam.

The farm lease has been terminated and will be available for the 2024 crop season. Tract 10 is located in Section 15 of Liberty Township, Marshall County, Iowa.

Legal Description

The East Half of the Northwest Quarter in Section 15, Township 85 North, Range 20 West of the 5th P.M., Marshall County, Iowa. Exact legal description to be taken from the Abstract.

Details

Acres: 76.98 Acres M/L
Parcel Number: 8520-15-100-005, 8520-15-100-004
Net Taxes: $2,926.00
CSR2: 85.80

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Auction Details & Terms

Auction Location Map

Major Marshall County, Iowa Land Auction
898.83 Acres M/L
Offered in Ten Tracts
Thursday, July 27th, 2023
10:00 AM

Auction Location:
City Hall Building
118 E Main Street
State Center, IA 50247

Tract 1: 64.85 acres m/l
Tract 2: 80 acres m/l
Tract 3: 80 acres m/l
Tract 4: 80 acres m/l
Tract 5: 80 acres m/l
Tract 6: 40 acres m/l
Tract 7: 230 acres m/l, to be surveyed
Tract 8: 80 acres m/l
Tract 9: 87 acres m/l, to be surveyed
Tract 10: 76.98 acres m/l

Auction Method: The Farm will be offered in 10 individual tracts via the Multi-Parcel Auction Method where tracts will be able to be purchased individually or in any combination. All tracts will be offered in "whole dollar" amounts.

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.

Agency: 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 Marshall 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 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 Belin McCormick Trust Account.

Closing: Closing will occur on or before Thursday, September 7th, 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 lease has been terminated and will be available for the 2024 crop season.

CRP Contracts: Buyer will assume any and all contracts related to participation in the Conservation Reserve Program (CRP). 2023 CRP Income will be retained by the Seller. All 2024 income will be the new Buyer(s). Contact agent for details.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Belin McCormick the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Financing: Purchaser’s obligation to purchase the Property is unconditional and is not contingent upon Purchaser obtaining financing. Any and all financial arrangements are to have been made prior to bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

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: Surveys will be provided for Tracts 7&9. In addition, boundary lines will be established and staked for Tracts 2,3,4 & 5. 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 "Whole Dollar" amount. Peoples Company and its representatives are agents of the Seller. The 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 Abstract.