Peoples Company is pleased to represent the Kuehl Family in this auction of 160 acres m/l located in Scott County Iowa. The property consists of 154.58 FSA Cropland acres of which 14.47 are in CRP. The farm carries a CSR2 of 80.9 with primary soil types of Colo silty clay and Tama silty clay loam. There are two steel grain bins on the farm, one bin is 16'x20' and the other is 30'x17'. The farm lease has been terminated and will be open for the 2023 cropping season. The property will be offered as one tract through a live public auction slated for Tuesday, August 2, 2022. The public auction will be held at the Community Center in Durant, Iowa, at 10:00 AM. Bidders will have the ability to participate at the live auction or through our virtual bidding option via the Peoples Company app. Contact the listing agent for more details on our online bidding option. The property is situated in Section 7 of Cleona Township, Scott County, Iowa.
The Northwest 1/4, of Section 7, excluding acreage, Township 79 North, Range 1 East of the 5th P.M., Scott County, IA.
Farm Land Acres: 163.97
DCP Cropland Acres: 140.11
Corn Base: 102.32 Acres with a PLC Yield of 152
Soybean Base: 35.58 Acres with a PLC Yield of 56
CRP Acres: 14.47
10.03 acres enrolled in the CP 27 and CP 28 paying $345.57 per acre for a total of $3,466 expiring 9/30/2032
4.44 acres enrolled in the CP 21 paying $300 per acre for a total of $1,332 expiring 9/30/2036
*Buyer to assume existing CRP contracts.
From Durant head North on 1st Avenue for four miles until reaching the farm. Farm is located on the east side of the road. Look for Peoples Company signs.
Scott County Land Auction
160 Acres M/L
Offered in One Tract
Tuesday, August 2nd, 2022
10:00 AM Central
Sellers: Kuehl Family
606 5th Avenue
Durant, Iowa 52747
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/
Auction Method: The 160 will be offered via Public Auction and will take place at 10 AM in the Durant. The farmland will be sold as one individual tract on a price per acre basis to the High Bidder. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.
Farm Program Information: Farm Program Information is provided by the Scott County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company.
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 a check or wire transfer. All funds will be held in the Peoples Company Iowa Trust Account.
Closing: Closing will occur on or about Wednesday, Tuesday, September 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 tenant's rights.
Farm Lease: The farm is leased for the 2022 cropping season. A second-half lease payment will be paid to the Buyer. Contact Agent for details.
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.
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 Iowa Trust Acct. the required earnest money payment. The Seller will provide a current abstract at their expense. 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. 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 the figures stated within the marketing material. The 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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