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Peoples Company is proud to represent the Estate of Carol J. Booth along with her daughters Barbara Hannum and Joan Peters in the sale of 225 acres of their family farm located 2 miles west of Corydon, Iowa in Wayne County. This farm has a little something for everyone with high quality tillable farmland, beautiful hardwood timber, and excellent building sites, all located on hard surface roads. The auction will take place on February 11th at 10:00 am at the Wayne County Fair Event Center. The farm will be sold in two tracts using buyers choice method of marketing, allowing the successful bidder to take either or both tracts with their high bid.
Tract 1 consists of 148 taxable acres located on the southwest corner of State Highway 2 and County Highway S26. This highly tillable tract has 131.42 FSA tillable acres carrying a CSR2 rating of 54.4 with primary soil types of Edina silt loam and Seymour Silt loam. The remainder of the farm consists of an older building/bin site and two ponds. The location would make it an ideal spot to build your dream home, or it could be cleaned up to add several additional acres of high quality farmland. Rural water and electric are at the road.
Tract 2 consists of 77 taxable acres located on the southeast corner of Liberty Highway (Old Highway 2) and 100th St. This tract has 49.85 FSA tillable acres carrying a CSR 2 of 47.1 with primary soil types of Shelby clay loam, Seymour silt loam, and Zook-Olmitz-Vesser. The remainder of the farm is in hardwood timber and creek bottoms that are loaded with deer and turkey. There are several excellent building sites located along Liberty Highway with electric and rural water at the road.
FSA Cropland Acres 182.88
Corn: 70.10 Base Acres with a PLC Yield of 101
Soybeans: 61 Base Acres with a PLC Yield of 36
Wheat: 6.80 Base Acres with a PLC Yield of 35
*** Farm program Information is based off whole farm figures. Base Acres will be adjusted per the default method when the Farm is reconstituted by the Wayne County FSA office.
From Corydon, IA head west on Highway 2 out of town. After roughly 2.5 miles you will arrive at the northeast corner on Tract 1. Continue for a half mile and take a left heading southwest on Liberty Rd. Tract 2 will be on the left.
Wayne County Land Auction
225 Acres M/L
Offered in Two Tracts
Friday, February 11th, 2022
The Estate of Carol Booth, Barbara Hannum, and Joan Peters
Wayne County Fair Event Center
800 2nd Avenue
Corydon, Iowa 50060
Auction Method: All tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, any or all tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.
Tract 1: 148 Acres M/L
Tract 2: 77 Acres M/L
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.
Farm Program Information: Farm Program Information is provided by the Wayne 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 Wayne 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 Peoples Company’s Trust Account.
Closing: Closing will occur on or before Monday, March 14th, 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 land will be given At Closing.
Farm Lease: The farmland will be open for the 2022 farming season.
Contract & Title: Immediately upon 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.
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.
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. 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.
Tract 1 consists of 148 acres of high quality tillable ground located just west of Corydon, Iowa. The property sits on the southwest corner of Highway 2 and State Highway 40. There are 131.42 tillable acres carrying a CSR 2 of 54.4 with Seymour and Edina being the primary soil types. The remainder of the farm is in ponds, waterways, and building sites. The existing building site would be the perfect spot for your dream home or could be cleaned up to add several additional tillable. This is a high quality farm with an excellent location. Rural water and electric are at the road.
The NE 1/4, South of Highway 2 and West of State Highway 26, of Section 27 Township 69M Range 22W. Exact Legal description to be taken From Abstract.
From Corydon, IA head west on Highway 2 out of town. After roughly 2.5 miles you will arrive at the northeast corner on Tract 1.
Tract 2 consists of 77 taxable acres located 2 1/2 miles west of Corydon, Iowa on the south side of Liberty Highway (Old Hwy 2). This property has everything you ever wanted for your dream acreage including paved access, excellent hunting, quality tillable ground, and tremendous views. The 49.85 tillable acres have a CSR2 of 47.1 with primary soil types of Shelby, Seymour, and Zook-Olmitz-Vesser. The remainder of the farm is in mature hardwood timber and creek bottoms that are loaded with deer and turkey. Rural water and electric are at the road.
N 1/2 of the NW 1/4, East of 100th St, Section 27 Township 69N Range 22W. Exact legal description to be taken from Abstract.
From Corydon, IA head west on Highway 2 out of town. After roughly 3 miles you will take a left heading southwest on Liberty Rd. Tract 2 will be on the left in just over a 1/4 mile.
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