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1,689 acres Tillable Farmland Auction

Monona County, Iowa

03-02-2017 3:00 PM

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Monona County Farmland Rent Auction

Auction Location

This auction will be held online only.

Date: 03-02-2017
Time: 3:00 PM

Bidding Online Only

Bid Online

Directions to Farm

The farms are located in Monona County in different locations. For directions to the farms contact the Farm Manager.

Auction Details

Farmland Lease Auction

To bid, click the green button at the top right of this page.

Robert Glace will offer his 1689.43 Acres of farmland in Monona County Iowa for lease for a 3 year period in 4 tracts.  The terms of the lease shall remain the same from year to year with the exception of cash rent which will be negotiable each year based on current commodity markets and agreement of the tenant and landlord.  The rate of rent sent by this auction will be effective for 2017 only.  Landlord is open to re-negotiating rents for 2018 and 2019 rents. All other terms of the lease will remain the same for future years.

Terms of the lease will include

Tenant to provide the results of soil samples in year 2 of the lease for the landlord.  Tenant will be agreeable to soil amendments based on results of soil samples and cooperate with the landlord to determine appropriate amendments and fertility requirements for the farms.

Tenant will be responsible for all weed control on the farms.

If grain bins exist on a farm leased the operator may use the bins with no additional charge and shall be responsible for all repairs necessary to use the bins.

Where water wells are present on the farm the tenant may use the water wells and shall be responsible for any repairs or maintenance costs associated with the wells during the term of the lease.

Any irrigation pivots on the farms today are not owned by the landlord and are not a part of this lease.  The tenant will not be responsbile for moving the pivots.

Tenant shall be responsible for insuring their equipment and operation against liability and casualty events.

No hunting will be allowed on the farms without written permission from the landlord.

Tenant will be prohibited from using the farms for any livestock holding or grazing.

All bids will be made on a per acre basis based on the following multipliers

Tract 1 multiplier 322.78

Tract 2 multiplier 480.74

Tract 3 multiplier 313.83

Tract 4 multiplier 572.07

In 2017 rents will be due on March 10th and in subsequent years rent will be due on March 1 of each year.

 

Agent Comments

Bob is offering his farms for lease via online auction.  There will not be any live event for this auction, it will happen online only and will end on March 2nd, 2017 at 3PM.  Bob enjoys owning farmland and has owned farmland all of his entire adult life as an investment.  He enjoys visiting about the land and takes interest in your farming methods.  You will find him to be the type of landlord that you enjoy renting from.  His desire is to establish a long term relationship with his tenants and this is the reason he is offering a 3 year lease, he understands that the promise of a long term relationship means you will treat his farms the way he desires for them to be taken care of.  He does not want to have to change tenants frequently so bid with confidence that you won't have to hassle on a yearly basis to know if you'll have the ground.  

Sale Method

This auction will be based on a multiplier of acres in the Auction Details clause.  All bids will be multiplied by the appropriate multiplier.  This is an online only auction, there will not be a live event.  All bids should be placed on our website.  You can also download the DreamDirt Auction app on your smartphone or tablet and place bids using the App.  While Bob has no intention of doing such he does reserve the right to cancel this auction at anytime for any reason including the acceptance of an acceptable offer of rent prior to the end of the auction.

Home Description

There are no homes on the farms

Building Description

There are no buildings on the farms

Other Improvements

There are grain bins present on Tracts 1 and 4.  Water wells are present on Tracts 1 and 4

Legal Description

Multiple locations. Legal descriptions are available by contacting the Farm Manager Jason Smith at 712-592-8965

Possession

If you are the successful bidder you will receive possession of the farms upon the payment of applicable rents.

Closing

You will sign a written lease agreement with the landlord on or before March 10th.

FSA Information

FSA Maps and Soil Maps are attached to this listing

Soil Productivity

Soil maps are attached for the individual tracts

Earnest Money

No earnest money will be due. Rent will be collected on or before March 10, 2017.

View Associated Files

CONTRACT AND TITLE

Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC the proper non refundable earnest deposit. The Seller(s) will provide a current abstract at their own expense. Sale is not contingent upon buyer financing, all bids are cash bids. This sale is subject to all easements, covenants, leases and restrictions of record. Buyers must do their due diligence prior to bidding. All property is sold on an "As is – Where is" basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller unless specifically stated. Seller reserves the right to accept or reject any and all bids. DreamDirt Farm and Ranch Real Estate LLC and its representatives are agents of the Seller. Winning bidder(s) acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. The Auctioneer may accept absentee or phone bids from bidders who can not attend the auction or bid on half of the seller. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask your to leave if your behavior is not in the best interest of the seller.


 

Contact

Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (712) 592-8965

Email: Jason@DreamDirt.com

©2016 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warranty or guarantee any information. It is possible that information has been omitted or reported in error. All lines drawn on maps are approximate. All acreages are stated as more or less. Representatives of DreamDirt Farm and Ranch Real Estate LLC may offer opinions based on the best information available at the time using assumptions and estimates but this does not guarantee any performance financial or otherwise. It is imperative that you rely on professional advice from legal, tax, financial or other advisors to make any decisions based on your own investigation.


Tract 1

322.78 Acres
Sold For

$320 per acre or $103,289.60

Tract Detail

This tract is located southeast of Blencoe Iowa in Sioux Township.  From Onawa go south on K-45 to Blencoe, then east on E60 to Maple Ave.  The farm is near the Harrison County line.

Agent Comments

This is an auction for rental lease price.  This property is NOT for sale.

Other Improvements

There are 2 irrigation wells on this property.

Soil Productivity

CSR2 58


Tract 2

480.74 Acres
Sold For

$310 per acre or $149,029.40

Tract Detail

Located south and east of Blencoe Iowa in Sioux Township.  

Agent Comments

This is an auction to set rental rate for this farm for 2017 crop year.  This farm is not for sale.

Soil Productivity

CSR2 59.1


Tract 3

313.83 Acres
Sold For

$325 per acre or $101,994.75

Tract Detail

This tract is located northeast of Onawa Iowa in Ashton Township.  

Agent Comments

This farm is not for sale, this is a lease auction to set the land lease rental rate for 2017.

Soil Productivity

CSR2 58


Tract 4

572.07 Acres
Sold For

$305 per acre or $174,481.35

Tract Detail

This tract is located north east of Onawa Iowa in West Fork Township

Agent Comments

This farmland is for rent and the rental rate for 2017 will be set for this auction.  

Other Improvements

There are 2 irrigation wells on this farm

Soil Productivity

CSR2 57.1