The balance of acres on this tract is currently being used as a feedlot and working area for cattle and sheep. There are two machine sheds on this tract that could be used for housing livestock or equipment. The farm does have a lease in place for the 2024 crop year. The Winning Bidder will receive a cash rent credit at closing in the amount of $300 per tillable acre.

The farm will be sold as one individual tract using the auction method of marketing on a price-per-acre basis. This auction can also be viewed through our Virtual Online Auction option and online bidding will be available.

This highly tillable farmland tract is located in Section 4 of Richland Township, Wapello County, Iowa, and Section 33 of Cedar Township in Mahaska County, Iowa.

Reserved Items: The personal property of the farm tenant will be removed before the end of the farm lease which is to conclude on March 1st, 2025. The tenant has a list of reserved items that will be taken off of the farm. Please contact the Listing Agent for a list of these items.

Auction Details

Premium Mahaska and Wapello County, Iowa Farmland Auction

231.09 Acres M/L - Offered in One Tract

Friday, April 5th, 2024 at 10:00 AM

Seller: Sharon L. Fisher

Representing Attorneys: The Belcher Law Firm Gus Belcher in Fort Myers, Florida & Broerman, Lindgren & Denny Law Firm - Mike Broerman in Oskaloosa, Iowa

Closing Agent: Five Star Title & Escrow - Danyel Willhour in Oskaloosa, Iowa

Auction Location:

Fremont Community Center

215 E Main St

Fremont, IA 52561

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 farm will be sold as one individual tract via the auction method of marketing. The tract will be sold via Public Auction on Friday, April 5th, 2024 at 10:00 AM at the Fremont Community Center in Fremont, Iowa. 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.

Farm Program Information: Farm Program Information is currently provided by the Mahaska 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 Mahaska and/or Wapello County FSA and NRCS offices. Bidders should note that while the farm is located in both Mahaska and Wapello County, the Mahaska County FSA office is where all FSA and NRCS information on the farm is currently housed.

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 Peoples Company Trust Account.

Closing: Closing will occur on or before Wednesday, May 8th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

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

Farm Lease: There is an active farm lease in place for the 2024 crop year. The Winning Bidder will recieve a cash rent credit at closing in the amount of $300 per tillable acre.

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.

Financing: Buyers obligation to purchase the Real Estate is unconditional and is not contingent upon Buyer obtaining financing. All financial arrangements are to have been made prior to bidding at the auction.

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.

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. 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.