This farm will be offered via an online-only timed auction, providing bidders the flexibility to participate from anywhere. The auction will end at 1 P.M. on February 19th 2026.

Bidders must register prior to the auction. For assistance registering for online bidding, or for questions regarding this property, contact Listing Agents, Mike Tegels at 515-229-1611 & Colin Ortmeier at 515-298-5029.

Property & Farm Details

USDA / FSA Information

Gross Acres: 152.05 Acres

FSA Cropland Acres: 150.33 Acres

Average CSR2: 50.18

DCP Crop Data PLC Yield (Corn 163 & Soybeans 47)

Primary Soil Types: Spillville Loam, Nicollet Clay Loam

A perpetual ingress and egress easement exists in favor of the adjoining acreage owner (Mark & Ann Tendall). Maintenance of this easement is the responsibility of the acreage owner, and the easement will transfer with the sale of the property.

General Information

Location: Madison Township, Section 25, Hancock County, Iowa

Seller: Roger Tendall Family Trust

Farm Tenancy: Open for 2026 crop year

Sign on Property: Yes

Estimated Taxes: $3,882

Auction Details

Hancock County, Iowa Land Auction

152.05 Gross Acres

Auction Type: Reserve Online-Only Timed Auction

Auction Date & Time: February 19 bidding ends at 1 P.M

Auction Method: The property will be offered as a single tract and sold on a per-acre basis through an online-only timed auction format.

Earnest Money: 10% of the purchase price due the day of the auction from the winning bidder.

Terms: Cash or conventional financing only. Sale is not contingent upon buyer financing.

Abstract & Closing: Seller to provide an abstract continued to the date of sale. Closing to occur on or before March 20, 2026.

Possession: Possession will be given at closing. Farm tenancy is open for the 2026 growing season.

Directions: From Forest City, Iowa head south on Highway 69 for 4 miles, turn east on 290th Street for ¾ of a mile. The farm will be on the North side of the road - see signs.

Seller’s Attorney: David J. Siegrist - SJLB Law Office

94 Main Avenue North Britt, IA 50423

Agency Disclosure: KILOTERRA and its agents are exclusive representatives of the seller.

Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder.

Auction Method: The property will be offered in One Tract on a price-per-acre basis. Participants may view the auction on our Virtual platform, where Online bidding will be available.

Bidder Registration: Online bidders must register with KILOTERRA and receive prior authorization 24 hours prior to the auction in order to participate.

Earnest Money Deposit: A deposit in the amount of 10% of the gross sale price is required on the day of auction. Earnest money must be made in form of cash or check, payable to KILOTERRA Trust and will be held by KILOTERRA’s Trust Account until the day of closing.

Farm Lease and Possession: The winning bidder(s) will have immediate possession, upon closing of the property, subject to tenant’s rights.

Closing and Possession: Closing will occur on or before March 20th, 2026, as agreed by the buyer and seller. The balance of the purchase price is due at closing, in the form of cash, certified check or electronic wire transfer. Closing will be performed by Seller’s Attorney. Possession will be immediate upon closing, subject to tenant’s rights.

Agency Acknowledgement & Purchase Agreement: Immediately upon conclusion of the Auction, Winning Bidder(s) will sign an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Seller’s and Winning Bidder is representing themselves.

Contract and Title: Winning Bidder(s) will enter a Real Estate Sales Contract with the seller, which detail the terms of the sale as outlined herein. Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit. This sale is not contingent upon Buyer Financing Approval and will be considered a Cash Transaction. The seller will provide a current abstract at their expense.

Full legal descriptions will come from the abstract, and gross sales prices will be calculated based on Price Per Acre X 152.05 Gross Taxable Acres.

Improvements: Improvements, such as but not limited to fences, buildings, terraces, tiling, etc. are in “as-is condition” and will not be further improved, updated, or replaced by the sellers prior to closing. Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer.

Disclosures: This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist. All property is sold on an “As is – Where is” basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRA’s agents, or the Seller. Any announcements made the day of Auction by the Auctioneer or Listing Agent(s) will take precedence over any previously published public marketing information. Bidding increments are at the discretion of the Auctioneer and all decisions of the Auctioneer are final.

Disclaimers: Farm Program Information is provided by the United States Department of Agriculture (USDA) offices. All field boundaries are taken from these and other sources believed by the seller and KILOTERRA to be accurate. Values included in statements and or published marketing including but not limited to the conservation plan, gross acres, total crop acres, FSA acres, base acres, and CSR2 ratings, are believed to be reliable and are estimates by the seller and KILOTERRA. However, it is expressed that this information is subject to change if/when the farm is reconstituted by the Hancock County FSA and NRCS offices and prospective bidders acknowledge that these values may vary from figures stated within marketing material or day of auction.

Prospective Bidders shall perform their own inspection of the property prior to bidding at the auction.