AUCTION OF 320 +/- ACRES

MIDLAND TOWNSHIP, LYON COUNTY, IOWA FARM LAND

 

Tuesday, January 20, 2009

 

Sale starts at 9:30 A.M.

at the Town and Country Building located in Little Rock, Iowa

 

The farm is ½ mile south of the intersection of 100th Street and Kennedy Avenue, or ½ mile south of the intersection of 100th Street and Kingbird Avenue; approximately 3 miles southeast of Ellsworth, Minnesota or 7 miles northwest of Little Rock, Iowa.  Auction signs will be posted at the farm.

 

Farm #1 – Western farm

ABBREVIATED LEGAL: “The Northwest Quarter of Section Thirteen, Midland Township, Lyon County, Iowa.”

FARM INFORMATION:  Selling will be 160 acres, more or less.  This farm is combined with other property for current FSA programs.  FSA maps show this parcel to be all tillable except for a small creek in the farm and road easement.  CSR rating is 70.28 for entire tract according to County Assessor.  Current taxes are $3,540 per year.

 

Farm #2 – Eastern farm

ABBREVIATED LEGAL: “The Northeast Quarter of Section Thirteen, Midland Township, Lyon County, Iowa.”

FARM INFORMATION:  Selling will be 160 acres, more or less.  This farm is combined with other property for current FSA programs.  FSA maps show this parcel to be all tillable except for a small creek in the farm and road easement.  CSR rating is 67.42 for entire tract according to County Assessor.  Current taxes are $3,234 per year.

 

METHOD OF SALE

TRACT #1:  Description of 160 acres (more or less) of farm land.

TRACT #2:  Description of 160 acres (more or less) of farm land.

 

FSA FARM INFORMATION:  Current FSA information shows 315.6 total tillable acres in the combined descriptions.  For entire tract, current corn base is 157 acres with 113 DY and 152 CC yields.  Soybean base is 157.3 acres with 40 DY and 48 CC yields.  Splits of bases and yields will be responsibility of buyers and FSA County Committee.

TERMS:  Ten percent earnest money on day of auction.  Buyers will enter written agreements for purchase immediately following the close of bidding.  All final bids are subject to acceptance or rejection by Sellers.  Balance due on or before February 24, 2009 when deeds and abstracts will be delivered and possession given subject to remaining rights of current tenant.  Sellers will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2009 and all prior taxes.  Seller will provide deeds and abstracts to buyers in the manner that is most cost effective for the seller.  In the event one buyer purchases multiple tracts separately, sellers may furnish one deed and abstract.  For inspection of the property please contact the auctioneers.

NOTE:  There are few farms available or sold in Midland Township and this is your opportunity to purchase some of the better land in the area at this auction.  Soils are predominately Primghar and Galva, excellent producers.  Also, this is an “inside” tract of land allowing you to purchase either inside quarter or the entire inside half, one of the most difficult to find in NW Iowa.

DISCLAIMER:  All information contained in this advertisement and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied concerning the property is made by the Sellers or the Auction Company.  Each potential bidder is responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property.  The information contained in this advertisement is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company.  Conduct of the auction and increments of bidding are at the discretion of the auctioneers.  All decisions of the auctioneers are final.  Any announcements made the day of the sale take precedence over printed material or any other oral statements made.   Please contact auctioneers for additional information on the farm.

 

Wheatley Trusts

Klay, Veldhuizen, Bindner, De Jong, De Jong & Halverson – Attorneys for Sellers

Klaassen Realty, Broker: Klaassen Realty is an agent for and is representing the Sellers for this auction.

Kevin T. Klaassen: 712-754-3500 or 800-672-3500 & Norman D. Klaassen: 712-754-2005 – Auctioneers

 

 

See full bill & pictures also at www.klaassenrealty.com