Iowa Land Company is pleased to represent the Jordan/Hanson farm sale in Eastern Kossuth County, Iowa. The farm consists of 80 +/- acres located just 1 mile west of Corwith, Iowa situated in Section 36 of Prairie Township. The farm will be offered at a public auction on July 19th, 2022 at 4:00PM at the Corwith Community Center located in Corwith, Iowa. The farm will be offered in one tract. This is a great opportunity for local producers to expand their current farming operation and give investors the ability to purchase quality farmland acres in a strong farming area with many potential operators using modern equipment in their farming operations. Nearby grain outlets located in Lu Verne, Kanawha, Corwith provide opportunities for competitive grain sales. The farm consists of 80 +/- gross acres, per the government survey with 75.6+/- acres considered cropland acres. The CSR2 weighted average is 82.3, with Canisteo Clay loam being the majority soil class on the farm. The farm is leased for the 2022 farm season, the new buyer will receive the second half of the current cash rent received December 1st 2022.

Farm Information

80 +/- Acres

75.6 +/- Cropland Acres

82.3 CSR2

Flat productive farmland

Strong farming area

Highly tillable farmland

Base Acres

Corn 37.5

Soybeans 37.4

PLC Yield

Corn 159

Soybeans 48

Auction Date: July 19th, 2022

Auction Time: 4:00 PM

Auction Location: Corwith Community Center

Auction Address: 110 Wayne St. Corwith, IA 50430

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

Farm Lease: The farm is currently leased for 2022. The new buyer will receive the second half of the cash rent paid on December 1st, 2022.

Survey: No survey will be done. 80 +/- acres based on the government survey.

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.

Farm Closing: August 18th, 2022.

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt 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/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. 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.