Upcoming Auction

Tama County, IA

M Avenue - Crystal Township
Traer, IA 50675

160.54 Acres M/L
AUCTION

Listing #16314

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PROPERTY INFO

Description

Tama County, Iowa Land Auction - Mark your calendar for Thursday, September 8th, 2022!  Peoples Company is honored to offer 160.54 surveyed acres located in one of Iowa's highest producing counties. The auction will take place at 10:00 AM in the Traer Memorial Building located in Traer, Iowa.

The farm has 153.1 FSA cropland of which 152.04 acres are currently planted to corn carrying a CSR2 of 81. The primary soil types are Bremer Silty Clay Loam, Colo Silty Clay Loam, and Nevin Silty Clay Loam. The farm is open for the 2023 cropping season. The property is located southwest of Traer, Iowa along M Avenue, in Section 12 of Crystal Township.

The land auction can also be viewed through our Virtual Online Auction platform with online bidding, via the Peoples Company website or you can follow along live through our Facebook page on the day of the sale.

Legal Description

The North Half of the South Half of Section 12, Township 85 North, Range 15 West of the 5th P.M., Tama County, Iowa. Exact legal description will be taken from Abstract.

Farm Details

FSA Cropland Acres: 153.10
Corn: 100.90 Base Acres with a PLC Yield of 134
Soybeans: 52.20 Base Acres with a PLC Yield of 41

  • Sign On Property: Yes
  • MLS Number: 657369
  • Parcel Number: 0612300007, 0612300008, 0612300009, 0612300010, 0612400009, 0612400010, 0612400011, 0612400012
  • General Area: Southwest of Traer, Iowa
  • Net Taxes: $5,034.00
  • Online Bidding: Yes
  • Auction Date: Sep 8, 2022
  • CSR2: 81.00
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

US Highway 63 south out of Traer is closed for repaving. From Traer, Iowa: Travel west out of Traer on 180th Street for three miles until reaching M Avenue. Turn right (north) on M Avenue for a quarter mile. The farm is located on the west side of M Avenue. Look for Peoples Company sign.


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Auction Details

Tama County Land Auction
160.54 Acres M/L
Thursday, September 8th, 2022 
10:00 AM

Seller: Boca Grande Agricultural LLC

Auction Location:
Traer Memorial Building
414 2nd Street
Traer, Iowa 50675

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

Auction Method: The farmland will be sold as one individual tract on a price per acre basis to the High Bidder.

Farm Program Information: Farm Program Information is provided by the Tama 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 Tama 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 check or wire transfer. All funds will be held at SettleUp.

Closing: Closing will occur on or before Thursday, October 20th, 2022. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer.

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights. Farm is open for the 2023 cropping season.

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 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 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.

Location