Iowa Farmland For Sale

Hamilton County 

Whitaker Marketing Group is honored to present this 120+/-acre tract of farmland for sale in Iowa, located in Hamilton County, Iowa.

This property boasts high production, great investment potential, and easy farming. The property is composed of one tract of land totaling 120 acres, more or less, in Sec 36-88N-25W.

Highlights:

• Investment Potential
• Country Living
• Income Producing

Location of Land (Directions to the farm): Drive 1.35 miles east of Kamrar, Iowa on 270th and then South .36 miles on Olsen Ave the farm is located on the west side of the road. 2725 Olsen Ave  Kamrar, IA

Location of Auction: Briggs Woods Golf Course-Convention Center, 2501 Briggs Woods Trail, Webster City, Iowa 50595 on March 15th, at 10 am.
 
Legal Description: Sec 36, Twp 88N, Range 25W

Selling Multiplier: 120

Taxable Acres: 119

Taxes: $4600.00 Estimated

Tillable Acres: 107.52 (Surety Maps)

CSR2: 79.9

Zoning: A-1 Ag

Farm Tenancy:  Farm Tenancy: Termination has been served for 2022 

Government Programs:
Buyer will receive landowner’s share, if any, of annual government payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

Buyer will receive landowner’s share, if any, of conservation program (CRP) payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

CRP Information:  

*Found in the documents tab

Contract Number: 11367A

CRP Acres: 23.61

CRP Expiration: 9-30-2026

CRP Annual Payment: $9,383 ($397.40/AC)

FSA Information (156 Farm Record):  
*Found in the documents tab

FSA Number: 5050

FSA Tract Number: 2647

FSA Farmland Acres: 119.46

FSA Cropland Acres:   107.31

HEL & WETLANDS:  NHEL

Total Base Acres:   75.5

   Corn Base:  43.5        PLC Yield:  160
   Bean Base:  23.9        PLC Yield:  39
   Oats Base:   8.1          PLC Yield:  53

Auction Sales Method: The real estate will be offered as 1 individual tract(s). 

Survey:  At the buyer's option and expense, the buyer 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.

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

Zoning:  Property is classified as Agricultural.

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. The Seller reserves the right to reject any and all bids. 

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 Real Estate Trust Account of the Seller's attorney.

Closing: The sale closing is on April 29th, 2022 or such other date agreed to by both parties. 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. The lease termination has been executed for the 2022 crop season.

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. All bids will be on a whole dollar amount basis. 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.

Seller(s):  Norman Barth Estate

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