Auction details

156 Net Taxable Acres, Fremont County, IA

TUESDAY, FEBRUARY 11, 2025 @ 10:30 AM

Location of Auction: Shenandoah Elks Lodge – 709 S Fremont St, Shenandoah, IA

Directions to Farm: Farm is 3 Miles Southeast of Imogene, Iowa or 5 Miles North of Shenandoah, Iowa on Hwy 59 and 1/2 Mile West on 150th St (J22). Signs will be posted!

Online bidding link: https://alhughesauction.hibid.com/catalog/611678/otto-family-trust-public-land-auction

FSA INFORMATION:
FARM #2192 – TRACT #871
FARMLAND: 154.71
CROPLAND: 142.04
DCP CROPLAND: 142.04
TAXABLE ACRES: 156
TAXES: $6,034 ANNUAL | $38.68 PER ACRE
CORN BASE ACREAGE: 134.40
PLC YIELD: 118
BEAN BASE ACREAGE: 2.40
PLC YIELD: 38
TOTAL BASE ACREAGE: 136.80
CSRII: 81.2
PART OF SEC. 25 – 70N – 40W, Fremont Co, Iowa

Seller: Otto Family Revocable Trust

Auctioneer’s Note: This farm has powerful soil types which is the main ingredient in obtaining top yields. The farm is rented for the 2025 crop year. Call for rental details. Excellent quality Fremont County, Iowa hill farm. Buyer to receive 2025 cash rent at closing.

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. Closing to be March 11, 2025. Abstract will be provided.
ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract 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. Farm is cash rented for the 2025 crop year.
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: https://alhughesauction.hibid.com/catalog/611678/otto-family-trust-public-land-auction