Iowa Land Company is honored to represent the Wauters farm in Northeast Poweshiek County near Brooklyn, Iowa. The farm consists of 72.35 +/- taxable acres and is located 4 miles northeast of Brooklyn and 7 miles northwest of Victor, Iowa in Warren Township Section 5. The farm will be offered at public auction on October 6th, 2022 at the Manatt Community Center in Brooklyn, Iowa at 1:00pm. This is a great opportunity for a local farmer to expand their current farming operation and gives farmland investors the ability to buy a well taken care of farmland acres in an area where farmland does not come available to the public often! The farm consists of 72.35 +/-with 62.44 +/- acres considered cropland acres with a CSR2 of 71.7 with downs silt loam being the majority of the soil. The farm has had extensive tiling completed in 2019. There is a pond on the farm and is a good area for upland game. The farm is leased for the 2022 farm season and full possession will be on March 1, 2023.

Farm Information

72.35 +/- Taxable Acres

62.44 +/- Cropland Acres

71.7 CSR2

Extensive Tiling

Rolling Farm

Less than 1 to Hard Surface Road

4 Miles to Brooklyn

7 Miles to Victor

Auction Date: October 6th, 2022

Auction Time: 1:00 PM

Auction Location: Manatt Community Center

Auction Address: 105 Jackson St. Brooklyn Iowa 52211

Sale Method: The farm will be sold as 1 tract at live public auction with online bidding and phone bidding opportunities.

Farm Lease: Farm tillable ground is leased for the 2022 season. The farm lease for the 2023 season is open to the new buyer.

Survey: We are selling the farm via taxable acres measured per county assessor.

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: Buyer will receive full possession March 1st, 2023.

Farm Closing: November 17th, 2022

FSA Information: Call Land Agent Jim Davis or Land Agent Nick 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 Agent Jim Davis or Land Agent Nick 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.