Located in a strong farming community, these tracts would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. The entire farm includes 196.65 FSA cropland acres with an overall CSR2 soil rating of 76.2. Improvements include several terraces and grassed waterways that prevent erosion and slows the flow or water leaving the farm. There are several competing grain marketing options located nearby including Heartland Coop in Sidney, Iowa, Green Plains ethanol plant in Shenandoah, Iowa, Bartlett Grain Company in Hamburg, Iowa, and Gavilon Grain in Nebraska City, Nebraska. Both farmland tracts have immediate access to paved road U.S. Highway 275 and are found within Sections 27 and 34 of Green Township.

Tract 1: 197.99 Acres M/L with 158.68 FSA cropland acres, which includes 13.38 acres of terraces and a CSR2 value of 78.6. The planted acres for 2021 (per FSA-578 form) are 145.30 acres. The primary soil types include Monona silt loam, Marshall silty clay loam, and Napier silt loam. Approximately a 30-acre block of mature timber with a creek flowing through serves as a haven for deer and turkey. This tract is located along the east side of U.S. Highway 275 and immediately north of 150th Street in Section 27 of Green Township.

Tract 2: 50.00 Acres M/L with 37.97 FSA cropland acres, which includes 2.13 acres of terraces and a CSR2 value of 68.4. The planted acres for 2021 (per FSA-578 form) are 35.84 acres. The primary soil types include Monona silt loam, Napier silt loam, and Marshall silty clay loam. This tract is located east of U.S. Highway 275 and directly south of 150th Street in Section 34 of Green Township.

The farmland will be offered via public auction as two individual tracts via the Buyers Choice auction method through a live in-person auction as well as a virtual live online auction option. Online bidding is available as well. The auction will take place at 10:00 AM at Fremont County Fairgrounds - McElroy Building, 1004 Legion Park Road, Sidney, Iowa 51652. With the "Buyers Choice" auction method the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety or any combination at the conclusion the auction.

Farm Details

FSA Cropland Acres: 196.65, which includes 15.51 acres of terraces

Base Acres: 189.30

Corn: 101.80 Base Acres with a PLC Yield of 113

Soybeans: 87.50 Base Acres with a PLC Yield of 34

Farm is enrolled in ARC-CO for Soybeans & PLC for Corn

*Farm program information is for both tracts. FSA Cropland and Base Acres will be adjusted per the default method when the farm is reconstituted by the Fremont County Farm Service Agency office.

AUCTION DETAILS

Fremont County Land Auction

247.99 Acres M/L

Offered in Two Tracts

Wednesday, October 20th, 2021

10:00 AM

Seller: Hirschberg Revocable Trust

Auction Location:

Fremont County Fairgrounds - McElroy Building

1004 Legion Park Rd.

Sidney, IA 51652

Online Bidding: Visit our website to register to bid.

Auction Method: Both 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, in any order, one or both tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 197.99 Acres M/L

Tract 2: 50.00 Acres M/L

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 Fremont 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 Fremont 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 Wednesday, December 1st, 2021. 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 currently leased for the 2021 cropping season, but will be open for the 2022 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.

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 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.