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Brief Description

266+ acres of Prime Greene County, Iowa farmland to be sold at public auction.

Auction Schedule

Live On-Site Auction

Begins: Thursday, September 14, 2017 at 10:00 AM CDT

Location Scranton Community Center, Scranton, IA

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Details

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GREENE COUNTY, IOWA FARMLAND

266.39 Acres of Prime Greene County, Iowa Farmland to be sold at:

PUBLIC AUCTION

Thursday, September 14, 2017    at: 10:00 A.M.

Sale conducted at the Scranton Community Center, Scranton, Iowa

 Farm # 1 is located from the Intersection of Hwy. # 30 & # 25(E39) North edge of Ralston, IA., 2 3/4 miles east on E39 (Hwy. # 25), 1 1/2 miles north on N65; Farm # 2 adjoins Farm # 1 to the north;  Farm # 3 located at the Intersection of 195th Street & ‘C’ Avenue; Farm # 4 located at the Intersection of 185th Street & C Avenue)

 LEGAL DESCRIPTIONS

Farm # 1: NE 1/4, Section 21, T84N, R32W of 5th P.M., Greene County, IA., Except Lot 2

Farm # 2: E1/2 SE1/4, Except Lots 1,2 & 3 and Except 1 acre school house site, Section 16, T84N, R32W 5th P.M., Greene County, IA.

Farm # 3: SW1/4 NW1/4, Section 21, T84N, R32W 5th P.M., Greene County, Iowa

Farm # 4: SW1/4 NW1/4, Section 16, T84N, R32W 5th P.M., Greene County, IA.

GENERAL DESCRIPTION & METHOD OF SALE

FARM # 1 will be offered as a 146.84 acre parcel and FARM # 2 will be offered as a 39.55 acre parcel. FSA currently has Farm # 1 & Farm # 2 combined and indicates Cropland Acres of 182.15.  of which there are two very small waterways which include 0.48 acres in a CRP program included with Farm #1. (Estimated cropland acres for Farm # 1: 142.94 & estimated cropland acres for Farm # 2: 39.21) The remaining effective (active) cropland acres of 181.67 have a Corn Base of 90.87 with a PLC yield of 154 and a Soybean Base of 89.59 with a yield index of 50. The CRP contract in regard to the 2 small waterways included with Farm # 1 involve 0.48 acres @ $ 237.20/Acre ($ 114./annual payment) and this contract expires on September 30, 2022.

Surety Digital Soil Rating Service indicates:

FARM # 1: CSR(2) of 86.5 & CSR of 80.9.; FARM # 2: CSR(2) of 86.7 & CSR of 82.7.

Farm # 3 will be offered as a 40 acre parcel.  FSA indicates cropland acres of 37.64; Corn Base of 18.83 with a PLC yield index of 154; Soybean Base of 18.56 with a yield index of 50.

Surety Digital Soil Service indicates: CSR(2) of 85 & CSR of 79.7.

Farm # 4 will be offered as a 40 acre parcel. FSA indicates cropland acres of 37.86; Corn Base of 18.91 with a PLC yield index of 154; Soybean Base of 18.95 with a yield index of 50.

Surety Digital Soil Service indicates: CSR(2) of 87.8 & CSR of 84.

These farm parcels all appear to enjoy good farming practices.

 TERMS OF SALE

Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before December 1, 2017. Possession will be given at closing, subject to the existing farm lease which will expire on March 1, 2018. Lease has been terminated for the next crop year. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Sellers in this real estate auction. Any announcements made day of sale will supersede any advertising.

Nancy DiGiannantonio & Paul A. Spencer, Owners

Frank Comito, Carroll, IA., Attorney for Sellers

 Sale Arranged & Conducted By:

 Green Real Estate & Auction Co.

Mike Green & Jim Green, Auctioneers

Sac City, IA., ph. 712-662-4442

 

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Map

Green Real Estate & Auction Co.

http://greenrealestate-auction.com

420 Main Street Sac City, IA 50583

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