Auction Details

Date: Tuesday, February 23, 2016
Time: 11:00 AM
Auction Type: Land/Real Estate Auction

160 M/L Selling in 2 Tracts in Montgomery County! 

Public Land Auction

Scott & Grant Township, Montgomery County, Iowa

Tuesday – February 23rd 2016 – 11AM

Auction to be held at the Red Coach Inn 1200 Senate Ave Red Oak, IA

Tract 1

Taxable Acres: 119.00

Tract 1 Legal: SE 1/4, N 1/2 and SW 1/4, NE 1/4 Section 12-T-71-N, R-38W

Cropland: 113.65

DCP: 113.65

Corn Base: 52.28   Bean Base: 55.28

CSR2: 65.3   CSR: 54.3

PLC Yield: Corn 124   Beans: 42

Tract 2

FSA Information: Farm #1483

Taxable Acres: 38.79

Tract 2 Legal: SW 1/4, SW 1/4 Section 20 T-71-N, R-37W

Cropland: 33.27

DCP: 33.27

Corn Base: 17.3   Oat Base: 3.7    Wheat Base: 4.8

CSR2: 60   CSR: 53.5

PLC Yield: Corn 102, Wheat 37, & Oats 49

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 auction with balance due at closing on March 18, 2016. 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 March 18, 2016. Full farming possession for the 2016 crop year.

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

OWNER: MARJORIE ERICKSON ESTATE

Items to be auctioned