Iowa Farmland For Sale
Whitaker Marketing Group is honored to present this 115.96 +/-acre of 2 tracts of land in Boone County.
Both of these tracts boast high production, great investment, and easy farming. The Auction is composed of two tracts of land totaling 115.96 acres, more or less.
- High CSR2
- Investment Potential
- High Productivity
Location of Land (Directions to the farm):
Tract 1: Travel north from Madrid, IA on Hwy 17 for 4 miles. Then turn east onto 290th Street and drive 0.6 miles. The farm is located on the south side of the road.
Tract 2: Travel north from Madrid, IA on Hwy 17 for 4 miles. Then turn east onto 290th Street and drive 0.6 miles. The farm is located on the north side of the road.
Location of Auction: Madrid Community Room at 303 S Water St, Madrid, IA 50156 on June 7th, 2022, at 10 am.
Tract 1: - NW1/4 NE1/4 of the Sec 7, Twp 82N, Range 25W, Boone County, Iowa
Tract 2: - NW1/4 SE1/4 of the Sec 6, Twp 82N, Range 25W, Boone County, Iowa
Selling Multiplier: 115.96 +/-
Tract 1: 40 +/- acres
Tract 2: 75.96 +/- acres
Taxable Acres: 113.56 +/-
Tract 1 (Parcel ID #'s: 088225071200001)
Tract 2 (Parcel ID #'s: 088225064200001, 088225064300001)
Taxes: $2,846 Estimated
Tillable Acres: 113.54 +/- acres (Surety Maps)
Tract 1: 39.04 +/- acres
Tract 2: 74.50 +/- acres
CSR2: 87.25 Average
Tract 1: 87.7 CSR2
Tract 2: 86.8 CSR2
Zoning: A-1 Ag
Farm Tenancy: The farm is currently rented for the 2022 crop season.
Seller 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.
Seller 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.
FSA Information (156 Farm Record):
*Found in the documents tab
FSA Number: # 814
FSA Tract Number: 7742
FSA Farmland Acres: 39.04 +/-
FSA Cropland Acres: 39.04 +/-
HEL & WETLANDS: NHEL
Total Base Acres: 39.03
Corn Base: 22.87 PLC Yield: 158
Bean Base: 16.16 PLC Yield: 43
Auction Sales Method: The real estate will be offered as 2 tract(s) utilizing the high bidder's choice.
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).
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 July 22nd, 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 farm is currently rented for the 2022 crop season. The 2022 cash rent will be credited to the seller.
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. The 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): Carlson Estate
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