Auction Details

Date: Thursday, December 03, 2015
Time: 10:00 AM
Auction Type: Land/Real Estate Auction

FARM DID NOT EXCEED SELLER’S EXPECTATIONS AT AUCTION. PLEASE GO T O FARM LISTING AT WWW.JIMHUGHESREALESTATE.COM

Marjorie Barnes Estate Land Auction – 130.51 Net Acres Selling in 2 Tracts

Tract 1: 48.4 Net Acres

Tract 2: 82.11 Net Acres

Brief Legal: 130.51 acres in Section 23 Sidney East TWP Fremont County, IA

Taxes: $24.00 Per Acre

FSA Information: Farm #4585 Tract #1606

FSA Information to be Split

TRACT 1

Taxable Acres: 48.4

Cropland: 40.45

DCP: 40.45

Corn Base: 53.90 Bean Base: 54.20

CSR2: 77.6   CSR: 64.5

PLC Yield: Corn 99, Beans 30

TRACT 2

Taxable Acres: 82.11

Cropland: 68.75 EST.

DCP: 68.75

Corn Base: 53.90   Bean Base: 54.20

CSR2: 77.7    CSR 63.2

PLC Yield: Corn 99, Bean 30

AUCTIONEER’S NOTE: This farm has been in the family for many generations. The farms will be sold separately and not combined. Nice size tracts with income and recreational potential. See you at the auction in Sidney, Iowa.

METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by net taxable acres.

TERMS: 10% down day of the auction with balance sue at closing on December 29th, 2015. Sellers will provide abstract showing clear title at closing.

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 December 29th, 2015. Full farming possession for the 2016 crop year.

AGENCY: Auctioneer Al Hughes & Jim Hughes Real Estate are agents and represent the sellers. All bidders will be considered customers, not clients.

 

 

Items to be auctioned