Conveniently located within 25 miles of the Des Moines Metro in sections 22 and 27 of Pleasant Grove S Township, these high quality and nearly 100% tillable farmland tracts would make a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. The primary soil types on these tracts include top producing clay loam soils of Sharpsburg, Winterset, and Macksburg with average CSR2 values around 86, which is well above the Marion County average of 59. The farm has been crop shared by a local, reputable tenant for several years and APH (Actual Production History) yields for the last 10 years have averaged over 215 bushels per acre for corn and 59.5 bushels per acre for soybeans, far above the Marion County 10-year averages of 168 (corn) and 51.6 (soybeans). The farm lease will be terminated prior to closing and farming rights will be made available to the Winning Bidder/s for the 2022 crop season.

The farmland will be offered as four 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 will be available as well. The auction will take place at 10:00 AM at the Pleasantville Memorial Hall 101 N. Jefferson Street Pleasantville, Iowa. With the "Buyers Choice" auction method the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all four tillable 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.

Tract 1: 43.38 acres m/l with 39.08 FSA cropland acres carrying a CSR2 value of 88.2.

Tract 2: 89.14 acres m/l with an estimated 85.65 FSA cropland acres carrying a CSR2 value of 86.2. The Pleasantville FFA Livestock Teaching Farm will be sold separately and not included with this sale. A survey is being completed and the final gross acres for Tract 2 are subject to change prior to the day of the auction.

Tract 3: 74.17 surveyed acres m/l with an estimated 72.01 FSA cropland acres carrying a CSR2 value of 86.0.

Tract 4: 103.53 acres m/l with an estimated 100.92 FSA cropland acres carrying a CSR2 value of 86.2 and three steel MFS brand grain bins with an estimated 26,000-bushel capacity. One grain bin was built in 1980 and is complete with a drying fan and the other two were built in 2000. There is an ingress/egress easement that extends through the acreage site to access the grain bins.

Farm Details

Estimated FSA Cropland Acres: 297.64

Oats: 8.10 Base Acres with a PLC Yield of 57

Corn: 160.40 Base Acres with a PLC Yield of 180

Soybeans: 114.20 Base Acres with a PLC Yield of 51

*FSA Cropland and Base Acres are subject to adjust after the farm is reconstituted by the Marion County Farm Service Agency.

AUCTION DETAILS

Marion County Land Auction

310.18 Acres M/L

Offered in Four Tracts

Friday, August 6th, 2021

10:00 AM

Seller:

Howard "Pat" Myers Estate

Auction Location:

Pleasantville Memorial Hall

101 N Jefferson Street

Pleasantville, IA 50225

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

Tract 1: 43.38 Acres M/L

Tract 2: 89.14 Acres M/L

Tract 3: 74.17 Acres M/L

Tract 4: 103.53 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 Marion 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 Marion 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: As this sale is being sold by an Estate, the final sale will be subject and contingent upon receiving Court Approval. Closing will occur on or before Friday, September 17th, 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 and 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.