Tract 2 includes 74.2 acres m/l of productive Guthrie County farmland consisting of 64.54 FSA tillable acres with a CSR2 value of 74.1. Primary soil types include Colo, Zook, and Sharpsburg silty clay loam. Private drainage tile has been installed on the Tract 2 with several intakes outletting to the south and west into Middle River (See Attached Tile Map for known tile location). This property is located southeast of Casey, Iowa in Section 36 of Thompson Township with close proximity to Interstate 80.
In addition, Tract 2 contains two steel grain bins (10,000 bushel bin built in 1970 and 9,000 bushel bin built in 1977) located on the southeast corner of the property.
FARM DETAILS FSA Cropland Acres: 64.54 Corn: 44.1 Base Acres with a PLC Yield of 131 Soybeans: 17.2 Base Acres with a PLC Yield of 43
Guthrie & Adair County Land Auction 324.17 Acres M/L Offered in Three Separate Tracts Wednesday, December 11th, 2019 10:00 AM
Seller: Grace J. Anderson Trust
Attorney: Jungmann Law Office Attorney David L. Jungmann Greenfield, Iowa
Auction Location: Casey Community Center 104 W. Sherman Street Casey, Iowa 50048
Auction Method: Tracts 1, 2, and 3 will be sold on a price per acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all 3 tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of the auction.
Farm Program Information: Farm Program Information is provided by the Adair and Guthrie 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 Adair and Guthrie 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 about Friday, January 24th, 2020. 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 farm will be given at Closing, Subject to Tenant's Rights.
Farm Lease: The current farm lease has been terminated. Farm will be open for the 2020 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.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
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.
From Interstate 80 (Exit 83): Travel north on Antique Country Drive for 0.6 miles until reaching E. Sheridan Street / 350th Street. Turn right (east) on E. Sheridan / 350th Street for 1.0 miles. Tract 2 is located on the north side of 350th Street marked with a Peoples Company sign.