Scott County, Iowa, Land Auction
78.995 Acre M/L
Tuesday, November 1, 2022 
10:00 AM

Seller: Traver

Auction Location: Blue Grass Community Hall, 232 East Orphed Street, Blue Grass, IA 52726

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

Auction Method: The Traver farm will be offered via Public Auction and will take place at 10:00 AM on 11-1-2022. 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.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Scott 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 a check or wire transfer. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before January 15, 2023. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Closing Attorney: Closing will be overseen by Atty. Daniel Condon.

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. Open for the 2023 crop year. 

Easement: There is a powerline easement that runs through a portion of the property.

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 Traver the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

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.