Iowa Farmland For Sale in Greene County 

March 28th, 2025 at 10 AM

Whitaker Marketing Group proudly presents this 255.26+/- acre property in Iowa, comprising of 3 tracts. With great investment potential and an average CSR of 83.4, this land will be selling to the highest bidder(s) of each individual tract. 

Highlights:

• Investment Potential
• Wind Turbine Income on Tract 3 
• 83.4 Average CSR

Location of Auction: Grand Junction Community Center, 212 Main Street East, Grand Junction, IA, 50107

Date of Auction: Friday, March 28th, 2025, 10:00 AM

Directions to the Farm: 
Tract 1: From Grand Junction, head North on IA-144 N for 3.1 miles. Then turn left onto 190th St for 1 mile. Turn right onto T Ave for 0.6 miles. The farm will be on the East side of the road. 
Tract 2: From Grand Junction, head North on IA-144 N for 3.1 miles. Then turn left onto 190th St for 1 mile. Turn right onto T Ave for 0.6 miles. The farm will be on the West side of the road. 
Tract 3: From Grand Junction, head North on IA-144 N for 5.1 miles. Then turn left onto 170th St for 1 mile. Turn right onto T Ave for 0.6 miles. The farm will be on the West side of the road. 

Location of Land: 
Tract 1: Located 3.79 miles North of Grand Junction, Iowa
Tract 2: Located 3.71 miles North of Grand Junction, Iowa
Tract 3: Located 5.21 miles North of Grand Junction, Iowa

Legal Description:
Tract 1: Sec 17-84N-29W  Parcel ID (0817100003)
Tract 2: Sec 18-84N-29W  Parcel ID (0818200004) 
Tract 3: Sec 6-84N-29W Parcel ID (0806200004, 0806200005, 0806200006, 0806400002, 0806400005)

Selling Multiplier: 255.26 +/- acres 
Tract 1: 40 +/- acres 
Tract 2: 40 +/- acres
Tract 3: 175.26 +/- acres 

Taxable Acres: 247.07 +/- acres 
Tract 1: 39.25 +/- acres 
Tract 2: 39.25 +/- acres
Tract 3: 168.57 +/- acres 

Taxes: $9,450.00 in Total
Tract 1: $1,634.00 Estimated 
Tract 2: $1,658.00 Estimated
Tract 3: $6,158.00 Estimated

Tillable Acres:  218+/- acres 
Tract 1: 39+/- acres 
Tract 2: 39+/- acres
Tract 3: 140+/- acres

CSR2: 83.4 (Average) On Tillable Acres 
Tract 1: 85.2 CSR2 On Tillable Acres 
Tract 2: 86.2 CSR2 On Tillable Acres 
Tract 3: 78.8 CSR2 On Tillable Acres 

Zoning: A-1 Ag

Farm Tenancy: All three farms are rented for the 2025 season. The first half of the rent payment will be made to the buyer at closing, and the second half will be paid on October 1st 2025. 
Tract 1: Payments: $10,569 in Total 
Tract 2: Payments: $10,569 in Total 
Tract 3: Payments: $37,940 in Total 

Wind Turbine: Tract 3 includes a MidAmerican Wind Turbine, generating an annual payment of $11,000. There is a 2% increase on payment per year. The contract remains in effect until 2058. First payment to the buyer will be made in 2026. Contract available upon request. 

Tract 3 Building and Grain Bin:
Steel Utility Building built in 1972: 38ft W x 72ft L
Steel Grain Bin Storage built in 1986: 30 ft W x 21ft L

Yields: See full Yield Records in Documents Tab (does include another farm that is not for sale) 

FSA Information (156 Farm Record):  

*Found in the documents tab. 

Description: Sec 17-84N-29W (Tract 1), Sec 18-84N-29W (Tract 2), Sec 6-84N-29W (Tract 3)

FSA Number: : #5922 (Tract 1, 2),  #4419 (Tract 3)

FSA Tract Number:  #3048 (Tract 1), #24758 (Tract 2), #24222 (Tract 3)

FSA Farmland Acres: 38.93 +/- (Tract 1), 39.16 +/- (Tract 2), 168.85 +/- (Tract 3)

FSA Cropland Acres: 38.61 +/- (Tract 1), 38.36 +/- (Tract 2), 139.67 +/- (Tract 3)

HEL & WETLANDS:  NHEL (Tract1,2), HEL (Tract 3)

Total Base Acres:  37.62 (Tract 1), 37.38 (Tract 2), 132 (Tract 3)

   Corn Base: 18.89 (Tract 1), 18.77 (Tract 2), 66 (Tract 3)

   PLC Yield: 155 (Tract 1), 155 (Tract 2), 143 (Tract 3)

   Soybean Base: 18.73 (Tract 1), 18.61 (Tract 2), 66 (Tract 3)

   PLC Yield: 47 (Tract 1), 47 (Tract 2), 43 (Tract 3)

Auction Sales Method: The real estate will be offered as 3 tract(s) of land, selling to the highest bidder(s) of each tract. 

Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres. 

Easement: There is an Easement for MidAmerican for the Wind Turbine. See documents tab for the Easement. 

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). 

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. 

Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Mumma & Pedersen IOLTA/Lawyer Trust Account. 

Closing: Rita Pedersen, attorney at Mumma & Pedersen, will be the closing attorney. The sale closing is on May 12th, 2025. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing. 

Possession: Possession will be granted at closing, or such other date agreed to by both parties, subject to the current farm lease. 

Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. 

Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.

Online Bidding: Please visit our website to register for online bidding. Server, Software, and Phone Technical Issues: In the event there are technical difficulties related to the server, software, phone, or any other online auction-related technologies, Whitaker Marketing Group reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Whitaker Marketing Group shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Whitaker Marketing Group.

Seller(s):  Gerald A. Kennedy Estate 

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