TBD Benson Street , Weldon, IA 50264(Clarke County)

The property has been well maintained in a corn and soybean crop rotation and is offered in two individual tracts featuring solid tillable percentages and competitive CSR2 ratings. Tract 1 consists of 36 ± tillable acres with an average CSR2 of 52 and has seen tile improvement in the northwest corner, enhancing drainage and overall productivity. Tract 2 offers 120 ± tillable acres carrying an average CSR2 of 50. Farms with this combination of productivity, management history, and tract flexibility are rarely available in Clarke County, making this an excellent opportunity to expand an operation or add a quality investment tract.

This farm will be offered via an online-only timed auction, providing bidders the flexibility to participate from anywhere. Bidding will conclude at 1:00 P.M. on February 20, 2026.

Bidders must register prior to the auction. For assistance registering for online bidding, or for questions regarding this property, contact Listing Agent Colin Ortmeier at 515-298-5029.

Property & Farm Details

Tract 1: 39.00 Gross Acres

36 ± FSA Acres

Average CSR2: 52

Tile improvement located in the northwest corner

Tract 2: 152.27 Gross Acres

120 ± FSA Acres

Average CSR2: 50

Total Acres: 191.27 Gross Acres

USDA / FSA Information

FSA Cropland Acres: 157.22

Primary Soil Types: Arispe silty clay loam, Grundy silty clay loam

PLC Yield: Corn 123 / Soybeans 37

General Information

Location: Franklin Township, Sections 26 & 27, Clarke County, Iowa

Seller: Rheta Sponsler Estate

Farm Tenancy: Open for 2026 crop year

Sign on Property: Yes

Estimated Taxes: Tract 1 – $756 / Tract 2 – $2,708

Auction Details

Clarke County, Iowa Land Auction

191.27 Gross Acres | 2 Tracts

Auction Type: Online-Only Timed Auction

Auction Date & Time: February 20, 2026 — bidding ends at 1:00 P.M.

Auction Method: The property will be offered in two individual tracts and sold on a per-acre basis through an online-only timed auction format.

Earnest Money: 10% of the purchase price due the day of the auction from the winning bidder(s).

Terms: Cash or conventional financing only. Sale is not contingent upon buyer financing.

Abstract & Closing: Seller to provide an abstract continued to the date of sale. Closing to occur approximately 30 days following the auction date.

Possession: Possession will be given at closing.

Directions: From Weldon, IA head east on HWY J12 (Clarke-Decatur Street) for approx 7 ¼ miles then turn north on 320th Ave for 1 mile, Tract One is on the West side of the road – Tract Two is on the East side of the road. – See signs

Seller’s Attorney: Verle W. Norris Law Office

300 W Marion St, Corydon, IA 50060

Agency Disclosure: KILOTERRA and its agents are exclusive representatives of the seller. Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder.

Auction Method: The property will be offered in Two (2) Tracts on a price-per-acre basis, via an ONLINE ONLY AUCTION. Bidding will open Monday January 12th, 2026 at 12 PM (CST) and will end on Friday February 20th, at 1 PM (CST). A bid placed within 3 minutes of the scheduled closing time will automatically extend the bidding by 3 minutes, until all bidding is completed.

Online bidders may have access to KILOTERRA’s online auction platform via the internet. Bidders acknowledge that internet service can be unpredictable and may, from time to time, limit or prevent access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that KILOTERRA, nor its affiliates, members, agents, clients, or vendors shall not be held liable for any interference or connectivity issues that bidder may experience when utilizing the KILOTERRA Auction platform, and that no claim shall be made if the internet service fails to work properly before or during the auction.

Bidder Registration: If you plan to bid, please register 24 hours prior to the close of the auction so one of our team members can reach out to assist you in answering any questions you may have on the bidding platform or about the property.

Earnest Money Deposit: A deposit in the amount of 10% of the gross sale price is required on the day of auction. Earnest money must be made in form of cash or check, payable to KILOTERRA Trust and will be held by KILOTERRA’s Trust Account until the day of closing.

Farm Lease and Possession: The winning bidder(s) will have immediate possession, upon closing of the property, subject to tenant’s rights.

Closing and Possession: Closing will occur on or before March 24th, 2026, as agreed by the buyer and seller. The balance of the purchase price is due at closing, in the form of cash, certified check or electronic wire transfer. Closing will be performed by Seller’s Attorney. Possession will be immediate upon closing, subject to tenant’s rights.

Agency Acknowledgement: Immediately upon conclusion of the Auction, Winning Bidder(s) will sign an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Seller’s and Winning Bidder is representing themselves

Contract and Title: Winning Bidder(s) will enter a Farm and Land – Offer For Real Estate Sales Contract with the seller, which detail the terms of the sale as outlined herein. Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit. This sale is not contingent upon Buyer Financing Approval and will be considered a Cash Transaction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the contract, and shall be held to these terms.

Full legal descriptions will come from the updated abstract, and gross sales prices will be calculated based on Price Per Acre X (39 Acres – Tract 1) (152.27 – Tract 2) Gross Taxable Acres. The seller will provide a current abstract at their expense. No mineral title opinion will be provided and no guarantee is made as to the mineral interests. All mineral rights of record will transfer to the buyer(s). Property taxes shall be pro-rated to the date of closing.

Improvements: Improvements, such as but not limited to fences, buildings, terraces, tiling, etc. are in “as-is condition” and will not be further improved, updated, or replaced by the sellers prior to closing. Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer.

Disclosures: This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist. All property is sold on an “As is – Where is” basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRA’s agents, or the Seller. Any announcements made the day of Auction by the Auctioneer or Listing Agent(s) will take precedence over any previously published public marketing information. Bidding increments are at the discretion of the Auctioneer and all decisions of the Auctioneer are final. The seller shall have the right to accept or reject any and all bids

Disclaimers: Farm Program Information is provided by the United States Department of Agriculture (USDA) offices. All field boundaries are taken from these and other sources believed by the seller and KILOTERRA to be accurate. Values included in statements and or published marketing including but not limited to the conservation plan, gross acres, total crop acres, FSA acres, base acres, and CSR2 ratings, are believed to be reliable and are estimates by the seller and KILOTERRA. However, it is expressed that this information is subject to change if/when the farm is reconstituted by the Clarke County FSA and NRCS offices and prospective bidders acknowledge that these values may vary from figures stated within marketing material or day of auction.

Prospective Bidders shall perform their own inspection of the property prior to bidding at the auction.