Iowa Land Company is honored to offer for sale the James & Helen Goodell Revocable Trust farmland auction in Humboldt County, Iowa located southwest of Humboldt, Iowa. The farm will be offered at public auction on October 18th, 2022 at the Humboldt County, Iowa fairgrounds at 12:00pm. We will offer the farm in 3 tracts on the day of sale. This is a great opportunity for local farmers to expand their current farming operation and gives farmland investors the ability to buy well taken care of farmland acres! Tract 1 will be offered as 76.79 acres, with 74.50 +/- acres considered cropland acres, which are currently in row crop production. This tract consists of gently rolling farmland with great natural water drainage. The CSR2 average is 84 which is above the county average. Canisteo clay loam and Nicollet soils make up the majority of the soil on tract 1. Tract 2 consists of 154.87 +/- acres, with 142.72 +/- acres considered cropland acres which are currently in row crop production. The average CSR2 is 78.8 with Webster clay loam and Clarion loam soils making up the majority of the tillable acres. Tract 3 consists of 64.79 acres, with 63.5 +/- acres considered cropland acres which are currently in row crop production. The CSR2 average is 79.5. Canisteo clay loam and Clarion loam soils making up the majority of the tillable acres. The farm currently has an open tenancy for the 2023 cropland season; full possession will be March 1st, 2023.

Tract #1 76.79 +/- Acres

74.50 +/- Cropland

84 CSR2

PLC Yield

154 Corn

47 Soybeans

Taxes $2,504 est.

Tract #2 154.87 +/- Acres

142.72 +/- Cropland

78.8 CSR2

PLC Yield

154 Corn

47 Soybeans

Taxes $5,101.95 est.

Tract #3 64.79 +/- Acres

63.5 +/- Cropland/Grass Acres (per surety mapping software)

79.5 CSR2

PLC Yield

154 Corn

47 Soybeans

Taxes $2,113.69 est.

Auction Date: October 18th, 2022

Auction Time: 12:00 PM

Auction Location: Humboldt County, Iowa Fairgrounds

Auction Address: 311 6th Ave N, Humboldt, Iowa 50548

Sale Method: The farm will be sold as 3 tracts at live public auction with online bidding and phone bidding opportunities. All tracts will be sold per the buyers choice method of sale.

Farm Lease: Farm is leased for 2022. Cropland tenancy is open for 2023. Full Possession March 1st, 2023

Survey: No survey will be provided; we are selling net acres on all tracts auction date.

Purchase Agreement: Immediately upon conclusion of the auction, if the sellers reserve amount has been met, 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: The farm is rented for the 2022 farming season. Buyer will receive full possession March 1st, 2023.

Farm Closing: November 22nd, 2022

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/Auctioneer 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 24 hours before the sale unless special arrangements have been made with Iowa Land Company.

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.