New Hartford, IA 50660(Grundy County)

11.02 are in CRP paying $3,961 annually

Contract #1 pays $329.00 / acre through 9/30/2025

Contract #2 pays $394.80 / acre through 9/30/2026

88.22 CSR2 on cropland acres

1.5 miles Southwest of New Hartford, Iowa

Improvements include established waterways where needed throughout the farm.

Great natural drainage farm

Base Acres

Corn 86.5

Soybeans 52.41

PLC Yield

Corn 149

Soybeans 44

Auction Date: April 11th, 2022

Auction Time: 1:00 PM

Auction Location: New Hartford Community Center

Auction Address: 303 Broadway St, New Hartford, IA 50660

Sale Method: The farm will be sold at live public auction as one tract.

Farm Lease: The farm is leased for the 2022 agriculture season. The buyer will receive 100% of the 2022 cash rent which is $300 an acre. The 2023 agricultural lease will remain open. CRP payment will be prorated to the day of closing.

Survey: Final purchase price will be sold using taxable acres as the multiplier.

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: The farm is leased for the 2022 agricultural season, The buyer will The buyer will receive 100% of the 2022 cash rent and receive full possession March 1, 2023.

Farm Closing: May 18th, 2022

FSA Information: Call Land Broker Cody Skinner or Land Agent Nick 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 Cody Skinner or Land Agent Nick 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.