Tract 2: 34.25 Acres m/l with 20.2 FSA cropland acres and a CSR2 soil rating of 82.2.

Tract 3: 54.5 Acres m/l with 21 FSA cropland acres and a CSR2 soil rating of 87.

The farmland tracts have a convenient location between Linden and Redfield, Iowa, and are just over 10 miles west of Adel, Iowa. Located in a strong farming community with great access to several competing grain markets including both grain elevators and ethanol plants, these highly tillable tracts of farmland would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. Sections 27 & 28 of Linn Township, Dallas County, Iowa.

The farmland will be sold as three individual tracts using the Buyers Choice Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. The auction will be held at 10:00 a.m. CST on Thursday, March 28th, 2024, at the American Legion in Redfield, Iowa. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Auction Details

Dallas County, Iowa Land Auction

168.75 Acres M/L

Thursday, March 28th, 2024 at 10:00 AM

Seller: The Beverly A. Cluts Trust

Auction Location:

American Legion

1116 Thomas Street

Redfield, Iowa 50233

Tract 1: 80 Acres M/L

Tract 2: 34.25 Acres M/L

Tract 3: 54.5 Acres M/L

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 a 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 three tracts will be offered via Public Auction and will take place at 10:00 AM at the American Legion in Redfield, Iowa. The three farmland tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one or both tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. 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 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 Dallas 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 Dallas 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 Monday, May 13th, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given At Closing.

Farm Lease: The farm is leased for the 2024 crop year, the 2024 cash rent will be prorated to the new Buyer(s). Contact the listing agent for more details.

Contract & Title: Immediately upon the 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. The 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. The 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 investigation of the property before 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 the abstract.