Hwy. 30 , DeWitt, IA 52742(Clinton County)

Tract 2 consists of 80 total acres m/l of productive Clinton County farmland containing approximately 77.08 tillable acres carrying a CSR2 of 83.7 (82.2 of CSR). Primary soil types include Atterberry, Dinsdale, and Colo silty clay loam. This parcel is located in Section 26 of DeWitt Township in Clinton County.

Taxes: $2,880

Directions: From DeWitt, head west on US-30 for 3.5 miles. Turn south on 320th Avenue for a half of a mile. Head east on 260th Street for a half of a mile and the farm is located on the south side of the road.

FSA Information

Cropland: 78.91 acres

Corn: 36.2 base acres with a PLC Yield of 180

Beans: 41.6 base acres with a PLC Yield of 48

Tract 3 consists of 77 acres m/l of high quality Scott County farmland in a strong area. Farm is nearly 100% tillable consisting of approximately 76.4 tillable acres carrying a CSR2 of 77.4 (CSR of 93.3). Primary soil types include Rowley and Richwood. The farm is located south of McCausland in Section 24 of Butler Township.

Directions: From McCausland, head west on W 1st Street until you hit 230th Avenue. Travel south on 230th Street for a mile and a half. Farm is on the east side of the road.

Taxes: $1,804

FSA Information (Estimated*)

Cropland: 76.4 acres

Corn: 64.4 base acres with a PLC Yield of 154

Beans: 9.68 base acres with a PLC Yield of 56

Tract 4 consists of 78 acres m/l of high quality Scott County farmland in a strong area. Farm is nearly 100% tillable consisting of approximately 77.69 tillable acres carrying a CSR2 of 81.1 (CSR of 93.1). Primary soil types include Rowley and Richwood. Farm is located south of McCausland in Section 23 of Butler Township.

Taxes: $1,954

Directions: From McCausland, head west on W 1st Street until you hit 230th Avenue. Travel south on 230th Street for 1.4 miles. Farm is on the west side of the road.

FSA Information

Cropland: 77.69 acres

Corn: 66 base acres with a PLC Yield of 154

Beans: 9.92 base acres with a PLC Yield of 56

Listing Agents

Doug Yegge: 563.320.9900

Auction Terms & Conditions

Sale Method: Tracts 1, 2, 3 and 4 will be offered via Buyers Choice. After the first round of bidding is complete, the high bidder will have his/her choice of either or any combination of Tracts 1, 2, 3 and 4. Additional rounds of bidding will take place until all tracts are sold. The farm will not be combined nor offered in its entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Clinton and Scott 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, tillable acres, etc. are subject to change when the farms are reconstituted by the Clinton and Scott County Farm Service Agencies.

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 Peoples Companys Trust Account.

Closing: Closing will occur on or about December 1, 2017. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be granted at closing, subject to tenants rights.

Farm Lease: Farm is leased through February 28, 2018. Seller will retain all income from the 2017 crop year. Closing will take place on or before December 1, 2017. Buyer will receive full tenancy for the 2018 crop year.

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

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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 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 Agent 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.