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80 acres Tillable Farmland Auction

Guthrie County, Iowa

05-08-2019 2:00 PM

Ryan Reneau Farmland Auction

Auction Location

This is an online auction

Listing No.: DDA - 25142

Date: 05-08-2019
Bidding Ends: 2:00 PM

Buyer's Premium: 2.5%


Adair, IA 50115
Bidding Online Only

Bid Online

Directions to Farm

From Adair, head North on 5th St for 1 mile. Keep right and follow the road for 1.5 miles. Farm will be on your left, watch for signs.

Auction Details

This is a timed online auction.  ALL bidding will take place online. The multiplier for this farm will be 74.56 cropland acres x Bid.  If you are unable to bid online please contact Auctioneer Tom Bradley 515-202-7687 to make arrangements to place bids offline.

Agent Comments

This nice 80 acre tract is located on White Pole Road, a hard surface road just NE of Adair Iowa or west of Casey, IA.  The property is primarily tillable farmland with a small portion of the acres being enrolled in the CRP Program.  Hay is harvested from a part of the farm's grass waterways.

Sale Method

This will be a timed online auction with no live in person bidding.

Home Description

There is no home on this farm.

Building Description

There are no buildings on this farm

Legal Description

W 1/2 of the SE 1/4 Section 26, Twp 78N, Range 33W

Possession

You will receive landlord possession at closing.

Closing

On or before June 7, 2019

Soil Productivity

60 CSR2

Taxes

$1,186 Annual

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for 2019. The buyer will get a cash credit at closing of $168 per tilled acre on non-CRP Acres and the buyer will also receive a share of the 2019 CRP Payment prorated from the date of 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.

Contract

Contact


Tom Bradley, Land Broker l Auctioneer

Work: (855) 376-3478

Cell: (515) 202-7687

Email: Tom@DreamDirt.com


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633

Email: Jason@DreamDirt.com

©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

80 Acres
Sold For

5,150/acre

Legal Description

26-78N-33W

Soil Productivity

59.8 CSR2