Dike, IA 50624(Grundy County)

Iowa Land Company is honored to represent and offer this high quality farmland for sale owned by Joan and Michael Trebon & Janet Lockett. The two farms will be offered for sale; 120 +/- acres and 77.83 +/- acres on June 7th, 2022. Per tract agricultural information is listed below. These farms drain extremely well and have tile in place where needed, see tile maps above. The farms are leased for the 2022 growing season and full possession will be March 1st, 2023. Primary soil types are Dinsdale, Kenyon, Klinger, and Maxfield silty loam soils.

These farms are located between Parkersburg, Wellsburg, and Cleves making grain transportation routes extremely accessible and providing multiple options for the new buyer.

Grundy County farmland doesnt come available often. Here is your chance to acquire two well taken care of farms with 90 plus CSR2 averages, tile in place and with highly productive tillable acres. Join us and name your price June 7th at 1:00pm.

Tract 1 120 +/- Gross Acres

120 +/- FSA NHEL Cropland Acres

92.3 CSR2

Great amount of tile exists on this farm, tile maps coming soon

Tract 1 buyer will receive $18,000 September 1, 2022 for 2022 cash rent.

Base Acres

101.90 Corn

18.00 Soybean

PLC Yield

171 Corn

50 Soybeans

Tract 2 77.83 +/- Gross Acres

76.13 +/- FSA NHEL Cropland Acres

90.8 CSR2

Tile maps available in attached documents above for this farm

Tract 2 buyer will receive $11,400 for 2022 cash rent credit at closing.

Base Acres

38.10 Corn

38.00 Soybean

PLC Yield

184 Corn

54 Soybeans

Auction Date: June 7th, 2022

Auction Time: 1:00 PM

Auction Location: Fox Ridge Golf Course in Dike, IA

Auction Address: 355 Country Club Ln, Dike, IA 50624

Sale Method: The farm will be sold as two tracts at live public auction with online bidding per buyers choice method. Winning bidder has their CHOICE of which tract they desire, they also have the option to purchase multiple or all tracts.

Farm Lease: Full possession is March 1st, 2023. Buyer will receive 50% of the cash rent for each tract. Buyer will receive $18,000 September 1, 2022 for 2022 cash rent for tract 1. Buyer will receive $11,400 cash rent credit at closing for tract 2.

Survey: No surveys will be conducted prior to closing. We are selling gross +/- acres.

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 full possession March 1st, 2023.

Farm Closing: July 22nd, 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.