Webster County, IA
120.00 Acres M/L

County Highway D68/390th Street & Kansas Avenue |
Lanyon, IA 50544 |
Listing #16751

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Property Info

Description

Webster County, Iowa Farmland Auction – Mark your calendar for Friday, June 23rd, 2023! Peoples Company is pleased to represent the Nyren Family Trust in the sale of 120 total acres m/l of prime Webster County, Iowa farmland. The family ownership of this farmland begins in 1920 when Carl Nyren purchased this farm shortly after his arrival to the United States from his home country Sweden. After a proud ownership period of over 100 years and the coveted Century Farm status, the Nyren farm will be publicly available for the first time in 3 generations.

The farmland is located immediately north of Lanyon, Iowa with frontage on paved County Highway D68 and in Sections 26 & 27 of Lost Grove Township. Of the 120 total acres m/l, there are 111.75 FSA cropland acres with an average CSR2 soil rating of 73.6. The farmland will be sold as two individual tracts using the “Buyer’s Choice” Auction Method where the High/Winning Bidder can elect to purchase an individual tract or both tracts.

Tract 1: 80 Acres m/l with 74.29 tillable acres carrying a CSR2 of 73.3. Tract 1 includes an MFS brand 7,500 Bushel Grain Bin equipped with a dryer and a stirator. The LP tank is owned by Star Energy. Power is supplied by Midland.
Tract 2: 40 Acres m/l with 37.46 tillable acres carrying a CSR2 of 74.1.

Both farmland tracts are located in Drainage District No. 37 and have been significantly improved with drainage tile by a reputable local contractor. Drainage tile records show 1,320 linear ft. of 6” drainage tile and a total of 9,120.87 linear ft. of 5” drainage tile; with several intakes and a county dredge ditch allowing water to outlet to daylight. The estimated location of the drainage tile can be seen by viewing the attachment “Drainage Tile Map”. The soil types located on these farmland tracts are consistent with the area and include Marna silty clay loam, Guckeen clay loam, Harps-Okoboji complex, and Clarion loam.

These tracts have been operated by a longtime local farmer under a 50/50 crop share lease which continues through the 2023 farm year. The farmland will be sold subject to the 2023 crop share lease and the Winning Bidder for each tract will assume the Landlord’s share of the crop and reimburse the Seller for crop inputs that have already been paid for this year’s crop. This will be paid to the Seller at Closing or otherwise agreed upon between Buyer and Seller. Please contact Listing Agent for additional information or view the attachment labeled “Crop Inputs Breakdown”.

Tract 1 (80 Acre m/l Tract) includes 74.29 FSA cropland acres with 18.4 acres planted to corn and 55.9 acres planted to soybeans for the 2023 crop year. The total reimbursement to the Seller for this tract is $8,660.77.
Tract 2 (40 Acre m/l Tract) includes 37.5 FSA cropland acres and is planted to corn for the 2023 crop year. The total reimbursement to the Seller for this tract is $10,331.22.

Both of these tracts have been consistent producers with Actual Production History (APH) and Approved Yields for Tract 1 (80 Acre Tract) of 202 bushel corn yield & 58 bushel soybean yield. The Approved Yields for Tract 2 (40 Acre Tract) are 199 bushel corn yield & 55 bushel soybean yield. Located in a strong farming community, these farmland tracts would be an ideal investment for anyone looking to expand their farming operation or diversify their portfolio by owning farmland. This is a strong grain marketing area with several nearby marketing options that consist of grain co-ops and multiple ethanol plants in Ft. Dodge, Gowrie, and Grand Junction.

The Two Tracts will be offered on a price per acre basis via Public Auction and will take place on Friday, June 23rd, 2023 at 10:00 AM at the 209 Main Restaurant located at 209 S. Main Street in Paton, Iowa 50217.

The farm will be sold as two individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyers Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Legal Description

East Half 1/2 of SE Quarter 1/4 of Section Twenty-seven (27), Lost Grove Township; SW Quarter 1/4 of SW Quarter 1/4 of Section Twenty-six (26), Lost Grove Township, Webster County, Iowa. Exact legal description to be taken by Abstract.

Directions

From Harcourt, Iowa: Travel west out of town on Iowa Highway 175 for approximately 1.25 miles to Kansas Avenue. Turn left (south) and continue for approximately 3 miles where Kansas Avenue meets County Highway D68 / 390th Street. Tract 1 is located on the right (west) and Tract 2 is located on the left (east). Look for the Peoples Company signs.

Sign On Property: Yes
MLS Number: 673056
Parcel Number: 1827400002; 1827400004; 1826300003
School District: Prairie Valley Community School District
Online Bidding: Yes
Auction Date: Jun 23, 2023
CSR2: 73.60
Possession: Possession of the land will be given at Closing, Subject to Tenant's Rights.
Terms: Cash/Conventional

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Auction Details

Webster County, Iowa Land Auction
120 Acres M/L
Friday, June 23rd, 2023 at 10:00 AM

Seller: Nyren Family Trust c/o Jeanne Kent, Trustee

Representing Attorney: Johnson Law Office – Lee Johnson in Ogden, Iowa

Auction Location:
209 Main Restaurant
209 Main Street
Paton, IA 50217

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The tracts will be offered via Public Auction and will take place at 10:00 AM at 209 Main in Paton, Iowa. The farmland tracts will be sold on a per-acre basis through a traditional auction method. 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. 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 Webster 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 Webster 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, August 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 is leased for the 2023 cropping season under a 50/50 crop share lease. Winning Bidder / Buyer will assume Landlord’s share of lease and reimburse Seller for crop inputs.

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.

Surveys: 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 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 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.

Location

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Tract 1 - County Highway D68 / 390th Street & Kansas Avenue, Lanyon, IA 50544

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Description

Tract 1 consists of 80 acres m/l with 74.29 FSA cropland acres and a CSR2 value of 73.3, consisting of top-producing soil types of Marna silty clay loam and Guckeen clay loam. The farmland tract is located on the northwest corner where County Highway D68 / 390th Street & Kansas Avenue intersect, making it easily accessible from both the east and south side of the farm. Additionally, the farm features an MFS brand 7,500 bushel Grain Bin equipped with a dryer and a stirator. The LP tank is owned by Star Energy. Power is supplied by Midland. Also included is a 24' x 40' storage shed located on the northern end of the farm.

The farm is leased for the 2023 cropping season under a 50/50 crop share lease. The winning bidder will receive half of the crop and be responsible for half of the inputs. Of the 74.29 FSA cropland acres, 18.4 acres planted to corn, and 55.9 acres planted to soybeans for the 2023 crop year. The total reimbursement to the Seller for this tract is $8,660.77.For more information on input costs and additional lease details, contact the listing agent. This highly tillable farmland tract is located within the east half of the southeast quarter of Section 27 in Lost Grove Township, Webster County, Iowa.

For more information on input costs and additional lease details, contact the Listing Agent. This highly tillable farmland tract is located within the southwest quarter of the southwest quarter of Section 26 in Lost Grove Township, Webster County, Iowa

Legal Description

The East One-half of the Southeast 1/4 of Section 27 (E 1/2 SE 1/4); The Southwest 1/4 of the Southwest 1/4 of Section 26, Lost Grove Township, Webster County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 1827400002; 1827400004
Net Taxes: $1,962.00
CSR2: 73.30

Tract 2 - County Highway D68 / 390th Street & Kansas Avenue, Lanyon, IA 50544

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Description

Tract 2 consists of 40 acres m/l with 37.46 FSA cropland acres and a CSR2 value of 74.1, consisting of top-producing soil types of Marna silty clay loam, Brownton silty clay loam, and Guckeen clay loam. Located on the northwest corner where County Highway D68 / 390th Street & Kansas Avenue intersect, making it easily accessible from both the west and south side of the farm.

The farm is leased for the 2023 cropping season under a 50/50 crop share lease. The winning bidder will receive half of the crop and be responsible for half of the inputs. The Approved Yields for Tract 2 (40 Acre Tract) are 199 bushel corn yield & 55 bushel soybean yield. The 37.5 FSA cropland acres are planted to corn for the 2023 crop year. The total reimbursement to the Seller for this tract is $10,331.22.

For more information on input costs and additional lease details, contact the listing agent. This highly tillable farmland tract is located within the southwest quarter of the southwest quarter of Section 26 in Lost Grove Township, Webster County, Iowa