Tract 2: 31.33 acres m/l, estimated 30.39 FSA NHEL cropland acres with CSR2 of 87.7

Tract 3: 20.21 surveyed acres, 20.01 FSA NHEL cropland acres with CSR2 of 78.5

The auction will take place on Wednesday, November 12th, at 10:00 AM at the American Legion in Oelwein, and the property will be sold through the "Buyers' Choice Auction Method," as three tracts on a price-per-acre basis. Tracts will not be offered in their entirety at the conclusion of the auction. The live auction will be available for viewing and bidding through our mobile bidding app for those who are unable to attend. Don't miss the chance to bid on this land that has not been available to the general public for well over 50 years. The farm is located in Sections 32 and 33 of Jefferson Township, Fayette County, Iowa.

Auction Details & Terms

Auction Location Map

Fayette County Land Auction | Offered with NO RESERVE

170.29 Acres M/L (Offered in Three Tracts)

Wednesday, November 12th, 2025 at 10:00 AM

Auction Location:

Oelwein American Legion Post 9

108 1st Street SW

Oelwein, Iowa 50662

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.

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 Oelwein, Iowa. The three farmland tracts will be sold on a per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, two, or any combination of 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 after the auction. This auction can also be viewed through a Virtual Online Auction option with online bidding available. The tracts will be offered with NO RESERVE.

Farm Program Information: Farm Program Information is provided by the Fayette County Farm Service Agencies. 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 Fayette 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 the Roberts & Eddy, PC Trust Account.

Closing: Closing will occur on or before Wednesday, December 17th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer. Closing will be facilitated by Roberts & Eddy, PC.

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

Farm Lease: The lease has been terminated, and the farms are open to farm for the 2026 crop season.

Improvements/Buildings/Personal Property: All improvements will be conveyed in their current "As is - Where is" condition. The new owner will be responsible for removing any personal property left on the premises at closing, with the exception of the farm tenant's grain and equipment.

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, which can accept or reject any and all bids. 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. The 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.