Humboldt County Farm - 109.67 +/- Acres
Auction Wednesday, August 24, 2016 at 10:00 AM
Humboldt County Fairgrounds
The farm is located just inside the northeast city limits of Humboldt, Iowa. The south border is Highway 3, the east border is an old abandoned railroad right-of-way, the west border is Jerry Hatcher Road, and the north border is 215th Street.
APPROXIMATE LEGAL DESCRIPTION
SE1/4 of Section 36–T92N–R29W of the 5th P.M. in Rutland Township, Humboldt County, Iowa, west of the Chicago & Northwestern Railroad right of way, and except the Chicago & Northwestern Railroad right of way bisecting the tract, and except multiple tracts along the south and west boundaries. Approximately 1.2± acres along the east border of the SW1/4 of Section 36–T92N–R29W of the 5th P.M. in Rutland Township, Humboldt County, Iowa. Entire parcel contains approximately 109.67± taxable acres.
FSA Farm Number 916
Taxable Acres 109.67± acres
Approximate Tillable Acres 85.5± acres
Corn Base 55.6 acres
PLC Corn Yield Index 169 bu/acre
Soybean Base 31.2 acres
PLC Soybean Yield Index 40 bu/acre
Corn Suitability Rating 2 (CSR2) 80.9
Timber and Grass Acres 24± acres
No Highly Erodible Land
A Valid Wetland Determination is Available - PC/NW
No Conservation Reserve Program (CRP) Acres
METHOD & TERMS OF SALE
109.67± acres will be sold at public auction to be held at 10:00 A.M. on August 24, 2016 at the Humboldt County Fairgrounds, 311 6th Avenue North, Humboldt, Iowa, 50548. The farm will be offered in three separate parcels based on the zoning boundaries, then will be combined and offered as one full unit. Final sale is subject to Seller’s approval. A standard purchase agreement will be signed immediately following the auction, and Buyer will immediately provide earnest money in the amount of ten percent (10%) of the total sales consideration. Earnest money will be kept in the trust account of Sunderman Farm Management Co. Buyer financing must be secured before the auction. No Buyer contingencies will be allowed. Buyer must agree to a ‘cash sale’ with no contingencies. Balance due via wire transfer at closing with delivery of a warranty deed and abstract showing merchantable title. Real estate taxes prorated to date of closing. Closing will be between October 17th and October 21st, 2016, at the Seller’s discretion. Landlord’s possession will be granted at closing, subject to tenant’s rights through March 1, 2017. Buyer understands that Seller will be participating in a Section 1031 tax-deferred exchange and Buyer agrees to complete the necessary forms and comply with the necessary actions associated with this transaction, at no additional cost to Buyer. Sale is subject to all restrictions of record, covenants, easements, and leases.
The farmland lease has been terminated effective March 1, 2017. Buyer will not be permitted to perform any fall farming operations until after harvest and closing, and is subject to the approval of the Seller and Seller’s current operator. The 2016 crops belong to the Seller and the Seller’s current operator.
REAL ESTATE TAXES
$2,584.00 Total taxes or $23.56 per acre
Clarion, Nicollet, Webster, and other soils.
This farm consists of approximately 109.67± taxable acres of farmland and timber. It is in the heart of Iowa’s corn production country and it is within a short drive of great corn markets such as grain cooperatives, ethanol production facilities, and ethanol co-product facilities. The needs of the farm are easily met by local agricultural supply companies with quick access to crop inputs such as fertilizer, seed, and chemicals.
*More Zoning Information Available in The Farm Booklet Here.
Sunderman Farm Management Co. is pleased to have the opportunity to exclusively offering this property. It is located in the heart of north central Iowa’s prime farming region. This property offers an excellent opportunity for an individual or a group of investors seeking farmland.
The information provided here is thought to be accurate. However, it is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice or approval. Seller reserves the right to reject any and all bids. All inquiries, inspections, and appointments should be channeled through the broker, Sunderman Farm Management Co. Plat maps used with permission: www.farmandhomepublishers.com
1309 1st Avenue S, Suite 5
Fort Dodge, IA 50501
(515) 576-3671 phone
(515) 576-3296 fax
Copyright 2016 Sunderman Farm Management Co. All rights reserved.
Sunderman Farm Management Co. 1309 1st Avenue S, Suite 5, Fort Dodge, IA 50501 Licensed real estate brokerage in the state of Iowa