Iowa Land Company is pleased to represent the Dawn Logelin & Patrick Blomgren farmland auction in Buena Vista County, Iowa. The farm consists of 119 +/- net acres, located 4 miles southwest of Albert City, Iowa. The farm will be offered at a public auction on September 26th, 2023 at 1:00PM at the Columbus Club Hall in Storm Lake, Iowa. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and to give investors the ability to purchase quality farmland acres in an area with strong tenants and competitive cash rental opportunities. The farm has 115.80 +/- acres considered FSA cropland acres. The farm carries an 84.9 CSR2 value throughout the cropland acres with good productive soils for the area. The farm will be sold with an open lease for the 2024 growing season. The home in the Northeast portion of the farm is to be sold with the farm. A small spring fed pond is located on the farm.

Farm Information

119 +/- Acres

115.80 +/- Cropland Acres

84.9 CSR2

Nearly level farmland

Strong farming area

Base Acres

Corn 57.80

Soybeans 57.90

PLC Yield

Corn 151

Soybeans 45

Auction Date: September 26th, 2023

Auction Time: 1:00PM

Auction Location: Columbus Club Hall

Auction Address: 1507 E Lakeshore Dr. Storm Lake, Iowa 50588

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

Farm Lease: The cropland will have an open lease for the 2024 season.

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. New buyer to obtain cropland possession immediately after the current crops are harvested.

Farm Closing: November, 9th 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 of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights will be conveyed 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/ Auctioneer Luke Skinner or Land Broker Matt 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 or phone bidding.

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.