Pending

Greene County, IA
156.04 Acres M/L

Iowa Highway 144 & 185th Street
Grand Junction, IA 50107

Price	Click to Bid Online
Listing	#18085

LAND AGENT

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Property Info

Description

Greene County, Iowa Online Only Farmland Auction – Mark your calendar for Thursday, February 20th, 2025! Peoples Company is pleased to represent the Abbey Brianne Paulson Revocable Trust in the sale of 156.04 acres m/l of Greene County, Iowa farmland with additional income from a MidAmerican Wind Turbine lease! The farmland is located in eastern Greene County and just south of Dana, Iowa. The farmland will be sold as two individual farmland tracts with all bidding to take place through Peoples Company’s Online Bidding platform. Last chance to add acres for the upcoming farm year with an open farm lease for the 2025 farm year!

Tract 1: 101.25 Acres M/L with 95.57 tillable acres carrying a CSR2 of 77.1. Tract 1 is included in the Beaver Creek Wind Project and has a single wind turbine on the property.
Tract 2: 54.79 Acres M/L with 53.48 tillable acres carrying a CSR2 of 62.5. Tract 2 is included in the Beaver Creek Wind Project and does not have a wind turbine on the property but receives a per acre payment as part of the wind lease.
*The farmland tracts will be surveyed prior to the conclusion of the auction and final acres are subject to change*

The farmland tracts are located north of Grand Junction, Iowa on or in close proximity to paved Iowa Highway 144 and in Sections 16 & 21 of Junction Township. These farms are located in a strong agricultural area with several grain marketing outlets located nearby, including multiple grain elevators and ethanol plants, with the Louis Dreyfus ethanol plant located just half a mile south of the two farmland tracts. Greene County Drainage District No. 169 contains both tracts and includes an open drainage ditch that enters Tract 1 on the southwest corner, allowing installed drainage tile to outlet to “daylight” rather flow through an underground drainage tile system.

Both of these tracts have been certified organic and have been farmed organically in recent years, which would allow a new buyer or farm operator the opportunity to continue to operate the farm as organic farmland. Please note a Buyer would need to confirm the organic certification prior to bidding at the auction. Contact agent for more information or an introduction to the most recent farm operator.

The current farm lease has been terminated, and farming rights are available for the 2025 growing season.

Beaver Creek Wind Project
These two tracts are enrolled in a Windpark Easement Agreement with Mid-American offering an additional income stream beyond commercial farming. Tract 1 (101.25 Acres) receives an annual payment for the wind turbine, as well as an annual payment on the underground collection wires and hardware, the land, and the road installed on the property. Tract 2 (54.79 Acres) receives an annual payment on the land only. The annual payment for both tracts is scheduled to grow at 2% annually and the Buyer/Winning Bidder will receive the 2025 payment at Closing and all future lease payments. The Windpark Easement Agreement will be transferred with the farmland. A report documenting certain details and proposed values of the remaining payments of the Wind Lease can be found as an Attachment / Download or by contacting the listing agent, Matt Adams.

The 2025 estimated payment for Tract 1 (101.25 Acres) is $10,197.31 and the 2025 estimated payment for Tract 2 (54.79 Acres) is $642.13. *Please note that these are estimated acres and are subject to change as the ownership of the parcels included in the Wind Lease Agreement change. Also, Peoples Company does not warrant or guarantee any part of the Wind Lease Agreement and any interested potential buyer or bidder should be aware of any potential risks of the Wind Lease Agreement*

These two tracts will be offered through an ONLINE ONLY auction. Bidding is currently LIVE and will remain open until Thursday, February 20th, 2025 at 3:00 PM Central Time Zone (CST). If you are unable to bid online, accommodations can be made to participate in the auction by contacting the listing agent.

Sign On Property: Yes
MLS Number: 710236
School District: Greene County Community School District
General Area: North of Grand Junction, Iowa
Zoning: Agricultural

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Wind Turbine Report & Income Valuation

Marketing Brochure

Tracts

Tract 1 - 01 185th Street, Grand Junction, IA 50107

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Description

Tract 1 consists of 101.25 acres m/l (acres subject to change after survey is completed) with 95.57 FSA cropland acres and a CSR2 soil rating of 77.1. The cropland acres are certified as Non-Highly Erodible Land (NHEL). Prominent soil types include Webster clay loam, Coland clay loam, and Clarion loam with over 60% of the farm boasting a CSR2 soil rating of 83 or above. Access is from the north off of 185th Street with close proximity to Iowa Highway 144 just west. The Union Pacific Railroad tracks make up the western border of the farm.

The tract is located within Drainage District #169 and has an open ditch south of the farm that carries water off the farm and outlets into the West Beaver Creek in Section 34 of Junction Township. See the attached 'Tile Map' for approximate location.

This tract is located in the southwest Quarter of Section 16 in Junction Township, Greene County, Iowa.

Legal Description

Exact Legal description to be taken from Abstract.

Details

Acres: 101.25 Acres M/L
Parcel Number: 0816300003, 0816300004, Portion of 0816300002
Net Taxes: $3,275.00
CSR2: 77.00

Directions

From Grand Junction, Iowa: Head north on Iowa Highway 144 for three miles. Then, turn right (east) onto 185th Street. Cross the railroad road tracts, and the farm will be on the right-hand (south) side of the road. Look for Peoples Company signage.

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Tract 2 - 02 Iowa Highway 144, Grand Junction, IA 50107

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Description

Tract 2 consists of 54.79 acres m/l (acres subject to change after survey is completed) with 53.48 FSA cropland acres and a CSR2 soil rating of 62.5. The cropland is certified as Non-Highly Erodible Land (NHEL) and the prominent soil types include Mayer loam, Webster clay loam, and Wadena loam. Access is from the west off Iowa Highway 144. The Union Pacific Railroad tracks make up the eastern boundary of the farm.

A Wetland Determination was completed by the Greene County NRCS Office in 2016 that certified the cropland acres as Prior Converted / Non-Wetland (PC/NW) with no drainage restrictions on the tract.

This tract is located within the southwest Quarter of Section 16 and the northwest Quarter of Section 21 in Junction Township, Greene County, Iowa.

Legal Description

Exact Legal description to be taken from Abstract.

Details

Acres: 54.79 Acres M/L
Parcel Number: 0821100001, Portion of 0816300002
Net Taxes: $1,772.00
CSR2: 62.50

Directions

From Grand Junction, Iowa: Head north on Iowa Highway 144 for two and a half miles. The farm will be on the right-hand (east) side of the road. Look for Peoples Company signage.

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Auction Details & Terms

Greene County, Iowa Online Only Auction
156.04 Acres M/L
Offered as Two Tracts
Bidding Ends: Thursday, February 20th, 2025 at 3:00 PM
The Bidding is Currently LIVE and remains open until 3:00 PM

Seller: The Abbey Brianne Paulson Revocable Trust

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.

Offering Greene County, Iowa farmland through a TIMED ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding is currently LIVE and will remain open until Thursday, February 20th, 2025 at 3:00 PM Central Time Zone (CST) with closing taking place on or before Friday, March 28th, 2025. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the internet service fails to work correctly before or during the auction.

Earnest Money Payment: A 10% earnest money payment is required upon conclusion of the auction. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in Peoples Company's Trust Account.

Possession: Possession of the land will be given At Closing.

Farm Lease: The Farm Lease has been terminated with farming rights available for the 2025 growing season.

Closing: Closing will occur on or about Friday, March 28th, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

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.

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

Fences: Existing fences, if any, are in as-in condition and will not be updated or replaced by the Seller. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fences lines may not fall directly on the legal boundary.

Surveys: A survey will be provided for both tracts. 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. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics 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.