The farm is located at the top of Drainage District #16, which includes over 3,300 acres and is one of the first to drain. The 6 to 15" drainage tile located through the farm (See Tile Map) flows into a 22" drainage tile outletting approximately 1.50 miles to the east into Beaver Creek in Boone County, Iowa. This farm would make for an outstanding add-on unit to an existing farm operation or investment-grade quality land purchase with several competing grain marketing options, including grain elevators and ethanol plants nearby to merchandise crops. The farm is available for the 2023 cropping season and has been operated by a reputable local farm tenant that has served the Sudderberg Family as an outstanding steward of the land.

The single tract will be offered on a price per acre basis via Public Auction and will take place on December 16th, 2022 at 10:00 AM at the Rippey Public Library - Large Conference Room in Rippey, Iowa. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. This property is located east of Rippey, Iowa in the southeast quarter of Section 1 in Washington Township, Greene County, Iowa. Don't miss out on this tremendous opportunity to own Iowa farmland!

AUCTION DETAILS

Greene County, Iowa Land Auction

120 Acres M/L

Friday, December 16th, 2022 at 10:00 AM

Seller: Corine A. Sudderberg Revocable Trust - Mark Sudderberg, Trustee

Auction Location:

Rippey Public Library - Large Conference Room

224 Main Street

Rippey, Iowa 50235

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the Rippey Public Library - Large Conference Room in Rippey, Iowa. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Greene County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Greene County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Companys Trust Account.

Closing: Closing will occur on or before Friday, January 27th, 2023. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farm is open for the 2023 cropping season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Surveys: No additional surveying or staking will be provided by the Seller.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.