Auction Details

Date: Thursday, August 20, 2015
Time: 11AM
Auction Type: Land/Real Estate Auction

THIS FARM LAND HAS SOLD! TRACT 1 SOLD FOR $7,000.00 PER ACRE AND TRACT 2 SOLD FOR $8,250.00 PER ACRE. 

Public Land Auction! Tract 1 – 59.73 Net Acres & Tract 2 – 76.30 Net Acres

Thursday, August 20th, 2015 at 11AM 

Auction held at Al Hughes Auction Facility: 21929 S. 221st St. Glenwood, IA 51534

Lyons Township, Mills County, IA

Tract 1

Location of Land: 28-71N-43W

Legal Description: A tract of land of about 7 acres in the (SE 1/4 NW 1/4) of sec 28, also (NW1/4 SW1/4) of sec 28, lying E of the railroad, all of said real estate being in TWN71N-R43-W of the 5thPM Mills County, Iowa

Net Taxable Acres: 59.73

Taxes: $33.75 / per acre

FSA Information  

Cropland: 63.55

Corn Base: 34.4

Bean Base: 29.1

CSR2: 88.1

FSA Cropland Acres: 63.55

Tract 2

Location of Land: 33-71N-43W

Legal Description: The S1/2 of the NE1/4, EXCEPT the West 62.64 acres of Section 33, TWN 71N-R43-W of the 5thPM Mills County, Iowa

Net Taxable Acres: 76.3

Taxes: $33.75 / Per acre

FSA Information  

Cropland: 76.42

Corn Base: 40.9

Bean Base: 34.4

CSR2: 92.4

FSA Cropland Acres: 76.42

Auctioneer’s Note: These two farms have very high quality soil types and are 100% tillable. Full farming possession for 2016 crop year. 

 Method of Auction: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres.

Terms: 10% down day of auction with balance due at closing on or before 10/1/15. Abstract to be continued prior to the auction.

Acceptance of Bids: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction.

Possession: At closing, 10-1-15, subject to the 2015 farm lease. Farm is not rented for the 2016 crop year. Full farming possession will be 3/1/16.

Sellers and Tennant retain the 2015 Crop  

Items to be auctioned