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179 acres Tillable Farmland Auction

Humboldt County, Iowa

10-31-2018 10:00 AM

Dennis & Ann George Charles Hoveland Farmland Auction

Auction Location

310 S Gilmore St Gilmore City, IA 50541

Listing No.: DDA - 25103

Date: 10-31-2018
Bidding Starts: 10:00 AM

Buyer's Premium: 2%

Gilmore City, IA 50541
Bidding Onsite, Online

Bid Online

Directions to Farm

Tract 1 is located on the south edge of Gilmore City at the intersection of P19 and C44 and Tract 2 is located directly south of Gilmore City on the hard surface road P19 2 1/2 miles south of C44. Both farms western boundaries touch Pocahontas County so they are both located right on the county line between Humboldt and Pocahontas.

Auction Details

NOTICE:  This auction has been extended until November 2nd at 12:00PM.  All bidders may call in their bids or use our online platform to place bids.  Current high bids are available by calling 515-537-6633


A great opportunity on 2 tracts of land south of Gilmore City. The properties will be sold individually as 1 tract each.

If you wish to bid online please register as soon as possible.  Please do not register to bid online the morning of the auction unless you have made contact with us at 515-537-6633.  As we prepare for the auction on the morning of the auction our team is out of the office.

Agent Comments

This property will sell in 2 tracts.  Some of the grain bins located on Tract 1 are owned by another party that pays an annual payment for the bins on the property.  That payment is currently $200 annually paid in the fall.  There is no written agreement to govern this rent payment.  The owner of the bins has been notified of the sale of the property.  A photo of which bids are owned by the sellers and which are owned by the other party is included with this listing.  Look for the photo outlining the bins in green and yellow.

This farmland auction will be conducted in person at Gilmore City, Iowa and online bidding will be available.

Tract 2 has a CRP Contract on 22.8 acres which expires 9-30-2022.  There are 4 crop seasons left on the contract.  The contract rate is $245.21 per acre with an annual payment of $5,591.  Practices include CP27 and CP28.

Legal Description

Located in Sections 6 and 19 of Weaver Township Humboldt County Iowa


November 30, 2018

FSA Information

Tract 1 91.28 Farmland Acres 82.0 Cropland Acres. Corn Base 43.7 Bean Base 37.6. Tract 2 Farmland Acres 84.05 Cropland Acres 84.05 CRP Acres 22.9 Acres Corn Base 32.2 Bean Base 27.7

Soil Productivity

Tract 1 86.5 CSR2 Tract 2 84.2 CSR2

Earnest Money

5% earnest deposit required the day of the auction with the balance due at closing.

Terms and Conditions

Identification will be required to register to bid during this auction. Video and audio recording devices will be in use during the auction which may be broadcast via the Internet or used in other places. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. 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 or other approved holding account the proper non-refundable earnest deposit. The Seller(s) will provide a current abstract or other title conveyance instrument at their own expense unless otherwise noted. The 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. You agree by bidding that you will enroll any CRP acres in your name upon gaining ownership or abide by continuing requires of any government programs or conservation programs on the farm or pay any necessary penalties should you choose not to. The seller reserves the right to accept or reject any and all bids. The successful bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Any announcements made on auction day by the Auctioneer will take precedence over any previous material or oral statements. The Auctioneer may accept absentee, phone or Internet bids from bidders who can not attend the auction or bid on behalf of the seller to advance toward any reserve until the reserve is achieved. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask you to leave if your behavior is not in the best interest of the seller.



Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633


Tom Bradley, Land Broker l Auctioneer

Work: (855) 376-3478

Cell: (515) 202-7687


©2018 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warrant or guarantee any information. It is possible that information has been omitted or reported to us 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

93.46 Acres
82 Tillable Acres
Sold For


Agent Comments

Some of the grain bins located on Tract 1 are owned by a separate party that pays an annual payment for the bins on the property.

Legal Description


FSA Information

Corn Base Acres: 43.7 Beans Base Acres: 37.6

Soil Productivity

86.5 CSR2

Tract 2

84.05 Acres
84.05 Tillable Acres
Sold For


Legal Description


FSA Information

Corn Base Acres: 32.2 Beans Base Acres: 27.7

Soil Productivity

84.2 CSR2