Franklin and Butler County, Iowa Land Auction - Mark your calendar for Friday, November 11th, 2022 at 10:00 AM! Peoples Company is pleased to represent Brower Farms in the sale of 257.68 acres m/l of prime Butler & Franklin County, Iowa farmland with top-producing clay loam soils! Situated near Geneva, Iowa, these two nearly 100% tillable tracts carry superior CSR2 soils ratings (CSR2 soil rating of 93) compared to the Franklin County average of 79.4 and Butler County average of 74.6. Either or both properties would make for an outstanding add-on unit to an existing farm operation or investment-grade quality land purchase. These tracts have extensive improvements including well-maintained waterways and substantial amounts of drainage tile. A drainage tile map for each tract is in the process of being created, please reach out to the listing agent for a copy. Don't miss this opportunity to own some premier north central Iowa farmland!

Tract 1: 158.34 acres m/l with 144.99 FSA NHEL cropland acres carrying a soil rating of 93 CSR2. The balance includes 7.01 acres enrolled in CRP practice CP-21 until 2024 with an annual payment of $2,569 ($366.49/acre).

Tract 2: 99.34 acres m/l with 95.96 FSA NHEL cropland acres carrying a soil rating of 92.3 CSR2.

These premier, highly-tillable Franklin, and Butler County, Iowa farmland tracts would make for a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their investments. The farmland portfolio will be offered in two tracts via the "Buyer's Choice" method on a price per acre basis at public auction at Maynes Grove Lodge on Friday, November 11th, 2022 in Hampton, Iowa. The high bidder can take, in any order, one or both tracts for their high bid, and auctioning will continue until both 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.

AUCTION DETAILS

Franklin & Butler County, Iowa Land Auction

257.68 Acres M/L (Offered in two tracts)

Friday, November 11th, 2022 at 10:00 AM

Auction Location:

Maynes Grove Lodge

946 U.S. Highway 65

Hampton, IA 50441

Seller: Stephen H. Brower, DeAnne Petts, and Mary Jo Bosteels

Online Bidding: Register to bid online. 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 two tracts will be offered via Public Auction and will take place at 10:00 AM at Maynes Grove Lodge in Hampton, Iowa. The two 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 of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Tract 1: 158.34 Acres M/L

Tract 2: 99.34 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 Franklin 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 Franklin 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 21st, 2022. 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 properties are open for the 2023 farm year.

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. 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.

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.