Iowa Land Company is honored to represent the Heithoff Family Revocable Trust / Esther Sprecher farmland sale in Boone County, Iowa. The farm consists of 80 +/- acres, located just 5 miles northeast of Boone, Iowa. The farm will be offered at a public auction on December 14th, 2022 at 1:00PM at the Central Iowa Expo Administration Building. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 80 +/- acres, with 78.50 +/- acres considered cropland acres. The farm carries an 85.2 CSR2 value throughout the cropland acres. The farm is leased for the 2023 growing season. The new buyer will receive the 2023 cropland rent. The new buyer is to assume the current cropland lease at closing. The cropland is rented per a one year term. Possession will be granted to the new buyer at closing subject to tenants rights. The farm is to be sold with a 5 year inability to construct a livestock facility.

Farm Information

80 +/- Acres

78.50 +/- Cropland Acres

85.2 CSR2

Gently rolling farmland

Strong farming area

Some tile in place

Base Acres

Corn TBD

Soybeans TBD

PLC Yield

Corn TBD

Soybeans TBD

Auction Date: December 14th, 2022

Auction Time: 1:00 PM

Auction Location: Central Iowa Expo Administration Building

Auction Address: 1827 217th Rd. Boone, Iowa 50036

Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.

Farm Lease: The cropland is leased for the 2023 season.

Survey: Completed on 7/7/2022. Survey PDF Provided per the bidders request.

Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the sellers attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.

Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers attorney trust account. Remaining balance will be due at closing.

Farm Possession: Buyer will receive real estate possession at closing, subject to tenant rights.

Farm Closing: January 30th, 2023.

FSA Information: Call Land Broker Matt Skinner or Land Broker/ Auctioneer Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller will convey to the buyer.

Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker Matt Skinner or Land Broker Luke Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available. You must sign up for online bidding at least 48 hours before the sale.

Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.

Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the persons credentials or fitness to bid.