Fonda, IA 50540(Calhoun County)

Iowa Land Company is honored to represent the Margaret E. Harms Estate farm sale in Calhoun County, Iowa. The farm consists of 77 +/- acres, located just 6 miles southwest of Fonda, Iowa situated in Section 7 of Williams Township. The farm will be offered at a public auction on May 17th, 2022 at 1:00PM at the Knights of Columbus Hall located Fonda, Iowa. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 77 +/- taxable acres, with 76.91 +/- acres considered cropland acres. The CSR2 weighted average is 83.3, with Canisteo Clay loam, Clarion loam being the majority soil types on the farm. The current CRP acres have been terminated and will be in production this year. There will be no existing CRP contracts in place when the farm transfers ownership. The farm is leased for the 2022 farm season, the new buyer will receive the second half of the current cash rent.

Farm Information

77 +/- Acres

76.91 +/- Cropland Acres

83.3 CSR2

Gently rolling farmland

Strong farming area

Highly tillable farmland

Nice tract of farmland

Base Acres

Corn 51.30

Soybeans 25.60

PLC Yield

177 Corn

45 Soybeans

Auction Date: May 17th, 2022

Auction Time: 1:00 PM

Auction Location: Knights of Columbus Hall

Auction Address: 105 N Main St Fonda, IA

Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.

Farm Lease: The farm is currently leased for 2022. The new buyer will receive the second half of the cash rent.

Survey: No survey will be done.

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

Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers attorney trust account. Remaining balance will be due at closing.

Farm Possession: Buyer will receive real estate possession at closing.

Farm Closing: June 30th, 2022.

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller will convey to the buyer.

Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company..

Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.

Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the persons credentials or fitness to bid.