POCAHONTAS COUNTY, IA CEDAR TOWNSHIP FARMS
To Be Sold At
Public Auction
Friday, May 31, 2024 at: 10:00 A.M.
Sale conducted in the KC Hall, Main Street, Fonda, IA.
Farm # 1: (in Section 2) 3 ½ miles north on N28, 1 mile east on 585th St.; Farm # 2: (in Section 4) From Fonda, IA., 3 ½ miles north on N28; Farm #3: (in Section 1):From Fonda, IA.(Int. #7 & N28), 2 miles east on #7, 2 miles north on 150th Ave., 1 mile east on 600th St., 1 ½ miles north on 160th Ave.; Farm # 4: (in Section 5) From Fonda, IA., 3 ½ miles north on N28, 2 miles west on 585th Street.
►FARM # 1: SECTION 2, CEDAR TOWNSHIP◄
Legal: SW1/4, Section 2, T90N, R34W 5th P.M., Pocahontas County, IA
A 160.95 acre farm which will be offered as two parcels. PARCEL 1A: The East 80.43 acres and PARCEL 1B: The West 80.52 acres. CSR2: 84.6 : Parcel 1A: 84 , PARCEL 1B: 84.9; FSA: Cropland acres: 155.46. There are two small areas (that total 0.78 acres enrolled in a CRP program. The successful high bidder may select either or both parcels. In the event the high bidder selects both parcels, the sale of this farm is over. In the event the high bidder selects one parcel, the remaining parcel will then be offered. There is a cash rent lease in place which will be assigned to the Buyer at closing. Buyer to receive the first installment of the cash rent at closing and collect the second half when due.
►FARM # 2: SECTION 4, CEDAR TOWNSHIP◄
Legal: NE1/4 SE1/4,Ex. pt. & S1/2 SE1/4, all in Section 4, T90N, R34W 5th P.M., Pocahontas County, IA.
A 116.36 acre farm which will be offered as two parcels: PARCEL 2A: The NE 37.07 acre parcel and PARCEL 2B: The South 79.29+/- acre parcel.CSR2: Parcel 2A: approx. 86.6, Parcel 2B: approx. 60.6
FSA: This farm is currently combined with other land, but cropland is estimated to be approx. 112+/-.There is a 6.00 acre buffer strip along the south boundary of Parcel B that is enrolled in a CRP program, which expires on September 30, 2030. The successful high bidder may select either or both parcels. In the event the high bidder selects both parcels, the sale of this farm is over.
There is a cash rent lease in place which will be assigned to the Buyer at closing. Buyer to receive the first installment of the cash rent at closing and collect the second half when due.
►FARM # 3: SECTION 1, CEDAR TOWNSHIP◄
Legal: N1/2, SE1/4, Section 1, T90N, R34W 5th P.M., Pocahontas County, IA.
An 80 acre parcel which will be offered as one parcel. CSR2 of 86.1
FSA: Cropland: 78.48 of which there is a small waterway (0.40 acres @ $ 300./ac) enrolled in a CRP program which expires on 9-30-2027. There is a 50-50 crop share lease in place which will be assigned to the Buyer at closing. All crop inputs (seed, fertilizer, chemicals, etc.) up to the date of the land auction will be included with the farm at no charge to the Buyer!
►FARM # 4: SECTION 5, CEDAR TOWNSHIP◄
Legal: W1/2SW1/4, Ex. pt., Section 5, T90N, R3W 5th P.M., Pocahontas County, IA
A 78 acre parcel. FSA: Cropland: 75.14; CSR2 of 84.1 There is a 50-50 crop share lease in place which will be assigned to the Buyer at closing. All crop inputs (seed, fertilizer, chemicals, etc.) up to the date of the land auction will be included with the farm at no charge to the Buyer!
TERMS OF SALE
Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance on or before July 31, 2024. Possession given upon closing, subject to the current farm leases. Real Estate Taxes will be pro-rated to the date of closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers, as Iowa licensed Real Estate Brokers represent the Seller in this real estate auction. Any announcements made on the day of sale will supersede any advertising.
LIVE SIMULCAST INTERNET BIDDING will be available in addition to the Live Auction. To Register to Bid AT LEAST 48 HRS. PRIOR TO THE SALE, visit our website and/or contact the Auctioneers.
Trio Company; Coletta Ann Wernimont Estate; & Leo W. Wernimont Testamentary Trust, Owners
Attorney for Sellers: Gary W. Armstrong, Storm Lake, IA
Sale Arranged & Conducted By:
Green Real Estate & Auction Co.
Mike Green & Jim Green, Auctioneers
Sac City, IA., ph. 712-662-4442
website: greenrealestate-auction.com
