Auction details

PUBLIC LAND AUCTION – selling 324.11 net taxable acres in 3 separate tracts

Tuesday, March 19th at 10:30 am

Location of Auction: Al Hughes Auction Facility – 21929 221st St S, Pacific Junction, IA 51561

Directions to the farm: The farms are located 1/2 mile South of Bartlett, Iowa. Take the McPaul/Thurman exit 20 on Interstate 29. Drive 3.5 miles North on Western Ave. Signs will be posted!

ONLINE BIDDING LINK: http://alhughesauction.hibid.com/auctions/current

TRACT 1 – 131.83 ACRES
FARM #5531 | TRACT #4634
FARMLAND: 96.37
CROPLAND: 96.37
CORN BASE ACREAGE: 95.48
PLC YIELD: 160
TOTAL BASE ACREAGE: 95.48

FARM #5596 | TRACT #3112
FARMLAND: 34.45
CROPLAND: 34.45
CORN BASE ACREAGE: 34.12
PLC YIELD: 160
TOTAL BASE ACREAGE: 34.12

CSRII: 70.9
TAXES: $3,932 | $29.83 PER ACRE
PART OF SEC. 9-70N-43W, FREMONT CO

FARM HAS REINKE PIVOT IRRIGATION
***FSA to combine farms after closing

TRACT 2 – 156.21 ACRES
FARM #5531 TRACT #3653
FARMLAND: 156.13
CROPLAND: 149.29
EST. TAXES: $3,849 | $24.86/ACRE
CORN BASE ACREAGE: 88
PLC YIELD: 139
BEAN BASE ACREAGE: 30.20
PLC YIELD: 43
TOTAL BASE ACREAGE: 118.20
CSRII: 60.9
PART OF SEC. 9, 16-70N-43W, FREMONT CO

CRP INFO:
3.19 ACRES – CP21 @ $300/ACRE THRU 9-30-33
6.28 ACRES – CP21 @ $300/ACRE THRU 9-30-33
6.47 ACRES – CP21 @ $300/ACRE THRU 9-30-33

TRACT 3 – 36.07 ACRES
FARM #5596 | TRACT #1504
FARMLAND: 37.87
CROPLAND: 36.62
TAXES: $936 ANNUAL | $25.95/ACRE
CORN BASE ACREAGE: 30.70
PLC YIELD: 127
TOTAL BASE ACREAGE: 30.70
CSRII: 67.9
PART OF SEC. 16-70N-43W, FREMONT CO

CRP INFO:
2.60 ACRES – CP21 @ $300/ACRE THRU 9-30-33
2.50 ACRES – CP21 @ $300/ACRE THRU 9-30-33

Auctioneer’s Note: Here is a good opportunity to own Missouri River bottom land. Land tax on the farms is between $25 to $30 per acre. Everyone in the ag industry talks about speed and efficiency is the future of ag…well, these farms fit that narrative to a T. Tract 1 has a 2007 Reinke 6-tower pivot irrigation system. Seller willing to discuss the sale of the diesel power unit to the new buyer after the auction.

Sellers: D Double N Farms Inc. and Nancy Newlon Revocable Trust

METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable/surveyed acres.
TERMS: 10% down day of auction with balance due at closing on or before May 1, 2024. Abstracts will be provided.
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. Buyer(s) able to farm the properties once purchase agreement is signed.
AGENCY: Auctioneer Allan Hughes & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.

ONLINE BIDDING LINK: http://alhughesauction.hibid.com/auctions/current