Jackson Hollow Drive , Postville, IA 52162(Allamakee County)

Major Northeast Iowa Land Auction! Peoples Company is pleased to introduce an exceptional opportunity to own 534.5 acres m/l of farmland located in Allamakee and Clayton Counties. The farms will be offered in four individual tracts through the "Buyer's Choice" auction method at 10:00 AM on Friday, April 1, 2022, at the Luana Savings Bank Meeting Hall in Luana, Iowa. These farms are made of mainly Fayette and Downs silt loams, which are exceptional soil types known to outperform their perspective CSR2 ratings. Tracts 1, 3, and 4 are a high percentage tillable for the area and Tract 2 offers an excellent blend of high quality soils and timberland. Tracts 3 and 4 offer the unique opportunity to own a highly profitable farm with added recreational value. These tracts would be great add-ons for existing farming operations or a rare opportunity for a land investor to put a large portfolio together within the area. The leases on each farm have been terminated and are open for the 2022 season. Extensive fall tillage work and fertility inputs have been applied and will be included within the sales price of each tract. Contact Agent(s) for details.

Tract 1: 73.50 acres m/l with 67.47 FSA tillable acres carrying a CSR2 of 58.7. Located southeast of Waukon, Iowa.

Tract 2: 203.07 acres m/l with 152.52 FSA tillable acres carrying a CSR2 of 55.7. Over 9.5 acres of pasture and 33 acres of timberland. Located northeast of Postville, Iowa.

Tract 3: 149.92 acres m/l with 137.69 FSA tillable acres carrying a CSR2 of 68.6. Located east of Postville, Iowa.

Tract 4: 108.01 acres m/l with 101.92 FSA tillable acres carrying a CSR2 of 30.5. Located northeast of Calmar, Iowa.

These farms will be offered via public auction as four individual tracts via the Buyers Choice auction method through a live in-person auction as well as a virtual live online auction bidding option. The auction will take place at 10:00 AM on Friday, April 1st at the Luana Savings Bank Meeting Hall - 100 Harvest Drive, Luana, Iowa 52156. With the "Buyers Choice" auction method the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety or any combination at the conclusion of the auction. Tracts 1-3 are located in Jefferson, Post, and Franklin Township, Allamakee County, Iowa, and Tract 4 is located in Giard Township, Clayton County, Iowa.

AUCTION DETAILS

Allamakee & Clayton County Land Auction

534.50 Acres M/L

Offered in Four Tracts

Friday, April 1st, 2022

10:00 AM

Auction Location:

Luana Savings Bank Meeting Hall

100 Harvest Drive

Luana, IA 52156

Online Bidding: Register to bid - Contact Agent or Visit our website.

Auction Method: All four tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, one, two, three, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 73.50 Acres M/L | Allamakee County

Tract 2: 203.07 Acres M/L | Allamakee County

Tract 3: 149.92 Acres M/L | Allamakee County

Tract 4: 108.01 Acres M/L | Clayton County

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Allamakee & Clayton County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Allamakee & Clayton County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the BrownWinick Trust Account.

Closing: Closing will occur on or before Thursday, May 5th, 2022. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Seller may grant buyer early possession to the property, at Sellers sole discretion. Prior to Seller granting early possession, the buyer will be required to execute and sign a valid lease agreement satisfactory to the Seller. The buyer will assume any and all liability and risk related to the buyers use of the property during the early possession period. In the event the buyer does not purchase the property, the Buyer will not be entitled to receive reimbursement for any expenses

Farm Lease: The farm is open for the 2022 cropping season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with BrownWinick the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Abstract.