Iowa Farmland For Sale
Whitaker Marketing Group is honored to present this 118.74+/-acre tract of land in Wright County.
This property boasts high production, great investment potential, and easy farming. The property is composed of one tract of land totaling 118.74 acres, more or less, in Sec 7-91N-26W.
- Investment Potential
- Highly tillable
- Great Drainage
Location of Land (Directions to the farm): Drive 1 mile north of Eagle Grove, Iowa on Hwy 17, then west 2 miles on 240th St, then turn north onto Buchanan Ave. The farm is located on the west side of the road.
Location of Auction: The Red Shed Event Center (908 2nd St. NW, Clarion, IA 50525) on February 22, 2022, at 10 am.
Legal Description: Sec 7-91N-26W
Selling Multiplier: 118.74
Taxable Acres: 116.87
Taxes: $2,694 Estimated
Tillable Acres: 117.50 (Surety Maps)
Zoning: A-1 Ag
Farm Tenancy: Subject to current lease for 2022. Buyers will assume the lease.
The lease is a two-part agreement. The first part pays $260 cash rent per acre (118.94 acres) to be paid in full March 1. The second part is a bonus cash rent calculation based on the grain market.
2021 cash rent totaled $46,148.72
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.
Seller agrees to provide yield and other required documentation to Buyer to fulfill the obligations of government programs if any.
FSA Information (156 Farm Record):
*Found in the documents tab
FSA Number: #4939
FSA Tract Number: #1565
FSA Farmland Acres: +/- 158.87
FSA Cropland Acres: +/- 118.94
HEL & WETLANDS: NHEL
Total Base Acres: 118.90
Corn Base: 68.5 PLC Yield: 129
Bean Base: 50.4 PLC Yield: 47
Auction Sales Method: The real estate will be offered as 1 tract(s) of land.
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.
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. 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 8th, 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.
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.
Seller(s): Ron Newcomb and David Newcomb
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