Auction Details

Date: Thursday, January 19, 2017
Time: 10:30AM
Auction Type: Land/Real Estate Auction

This land has sold! Tract 1 sold for $3875.00 per acre and Tract 2 sold for $2100.00. Thank you to the Stackhouse family for letting us work for you. 

Public Land Auction 
Thursday Jan. 19th 2017 At 10:30AM
Location of Land Auction: Diagonal Community Center ~ 308 Broadway St. ~ Diagonal, IA
Tract 1 – 156 Acres ~ Mount Aye, Iowa ~ Liberty TWP
Tract 2 – 86.37 Acres ~ Diagonal, Iowa ~ Washington TWP
Location of Tract 1: MOUNT AYR, IA FARM: 156 Acres +/-, 4 mi N of Mount Ayr, IA on Hwy 169 then 4 mi E on J25 – located on the N side of the road. Liberty TWP, Sec 12, TWP 69 North, Range 29 West of the 5th PM, Ringgold County, IA.
Location of Tract 2: DIAGONAL, IA FARM: 86.37 Acres +/-, located on southeast edge of Diagonal, IA on the south side of 165th St. Washington TWP, Sec 5, TWP 69 North, Range 30 West of the 5th PM, Ringgold County, IA.
FSA INFORMATION
Tract 1

Farm# 3819

Farmland: 154.24

Cropland: 138.17

Corn Base: 54.88

Bean Base: 52.97

CSR2: 54.8

Taxes: $14.15/ACRE

TOTAL BASE: 108.8
Tract 2

Farm# 3846

Farmland: 83.37

Cropland: 27.80

Corn Base: 5.7

Bean Base: 2.6

CSR2: 53.1

Taxes: $13.04/ACRE

TOTAL BASE: 8.5

Auctioneer’s Note:
Tract 1: Mount Ayr, IA – Approximately 75% quality bottom land and 25% rolling hill farm land

Tract 2: Diagonal, IA – Pasture & bottom land combination farm

FULL FARMING POSSESSION FOR THE 2017 CROP YEAR!
Method of Auction: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres per tract.

Terms: 10% down day of auction with balance due at closing on or before 2/28/2017. Abstract to be continued prior to the Auction. Real estate taxes paid in full and pro-rated to 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: Full farming possession for the 2017 crop year.

Agency: Auctioneers Rice Auction Company, Al Hughes & Jim Hughes Real Estate are agents for and represent the sellers. All bidders will be considered customers, not clients.
JAKE RICE: AGENT & AUCTIONEER, 641-202-3315

AL HUGHES: AGENT & AUCTIONEER, 402-672-3621

JIM HUGHES: AGENT & BROKER, 712-520-7300

Items to be auctioned