Aurelia, IA 51005(Cherokee County)

Iowa Land Company is pleased to represent the Reilly farm sale in Southeastern Cherokee County, Iowa. The farm consists of 40 +/- acres located just 2 1/2 miles southwest of Aurelia, Iowa and is situated in Section 17 of Pritcher Township. The farm will be offered on online auction only with bidding ending on September 8th, 2022 at 12 PM noon. The farm will be offered at one unit. This is a great opportunity for local producers to expand their current farming operation and give investors the ability to purchase quality farmland acres in a well known Northwest Iowa. With many potential operators using modern equipment in their farming operations. Nearby grain outlets located in Aurelia, Alta, and Little Sioux Corn Processors in Marcus provide opportunities for competitive grain sales. The farm consists of 40 +/- gross acres, with 36.53+/- acres considered cropland acres. The CSR2 weighted average is 89, with Galva and Colo Silty Clay loam making up the majority soil classes on the farm. The farm is leased for the 2022 farm season, the 2023 farming year will be open tenancy.

Farm Information

40 +/- Acres

36.53 +/- Cropland Acres

89 CSR2

Flat productive farmland

Strong farming area

Highly tillable farmland

Base Acres

Corn 25.6

Soybeans 6.9

PLC Yield

160 Corn

47 Soybeans

Auction Date: September 8th, 2022

Auction Time: 12 PM Bidding Ends/Extended Bidding

Auction Location: Online Only. Click on Bid Now to bid.

Auction Address: Online Only

Sale Method: The farm will be sold online only.

Farm Lease: Farm is leased for the 2022 growing season. Open 2023 farm lease.

Survey: No survey will be done. 40 +/- acres gross acres.

Purchase Agreement: Immediately upon conclusion of the auction, if the sellers reserve amount has been met, 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 full possession March 1st, 2023.

Farm Closing: Wednesday October 19th, 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.