State Highway 44 , Panora, IA 50216(Guthrie County)

The farm contains an estimated 115.96 FSA tillable acres carrying a CSR2 Rating of 69.9 with the primary soil types of Shelby clay loam and Nicollet loam. The farm is leased for the 2022 cropping season and has been operated by a reputable local farm tenant. This farm would make for a great add-on to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. There are several grain marketing options located nearby including the POET ethanol plant in Menlo and several competing grain elevators.

While this property is located just outside the eastern city limits of Panora, the northwest corner of this property is immediately adjacent to the current city limits and could potentially be annexed for future developmental opportunities. According to the 2016 Iowa DOT Traffic Survey, 3,440 cars pass by this property on State Highway 44 daily. City utilities within the area include a 2" waterline located south of State Highway 44 along the northern property boundary, approximately 1,150 feet of 3/4" waterline located on the northeast corner of the property, two branches of sewer located approximately 300 feet directly west of the property, and electric service through Panora Municipal (Please refer to the Utilities Map). Please contact the City of Panora for additional information on the available capacity to service this property. Please contact the Agent for a developmental concept of the property.

There is also an abundance of recreational opportunities associated with the southern half of this property - ranging from a mature stand of diverse hardwoods surrounding Bay Branch creek, a tributary of the Middle Raccoon River, to a one-acre pond located in the center of the property, and the Raccoon River Valley Trail is located along the southern property boundary. This recreational trail spans over 89 miles, is built on former railroad right-of-ways connecting Dallas, Greene, and Guthrie Counties, and is mostly flat with only 1 to 2% change in elevation.

The farmland will be offered as a single tract through a live in-person auction as well as a virtual live online auction option. The auction will take place at 10:00 AM at the Panora Community Center, 115 W. Main Street, Panora, Iowa 50216. This property offers prime farming, recreational, and excellent building site opportunities on a hard surface road.

AUCTION DETAILS

Guthrie County, Iowa Land Auction

151.64 Acres M/L

Tuesday, February 15th, 2021 at 10:00 AM

Seller: WDM Farms LLC

Auction Location:

Panora Community Center

115 W. Main Street

Panora, Iowa 50216

Online Bidding: Contact Agent

Auction Method: The 151.64-acre farmland tract will be offered via Public Auction and will take place at 10:00 PM at the Panora Community Center. The farmland tract will be sold on a per-acre basis. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Guthrie County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Guthrie County FSA and NRCS offices.

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 before Friday, March 25th, 2022. 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 land will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farm is currently leased for the upcoming 2022 cropping season and the Buyer/s will receive the prorated 2022 cash rent payment.

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 money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Surveys: A survey will be completed by the Seller for the northern property boundary around the buildings. The tract acres are subject to change prior to the auction. No additional surveying or staking will be provided by the Seller.

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, Peoples Company, 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 Agents 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.