U.S. 63 , Lime Springs, IA 52155(Howard County)

The farm has been deemed prior converted and has gentle rolling slopes that allow water to navigate off of the property and also contains substantial 5", 12", or 15" pattern tiling on the west two-thirds of the farm (see attached Tile Map). The farm is leased for the 2024 cropping season.

The balance of the FSA cropland acres includes a total of 9.40 NHEL acres enrolled in four CRP (Conservation Reserve Program) contracts paying $2,599 annually, which include 2.30 acres of CP21 (Filter Strips) expiring in 2028 with an annual payment of $545 ($237/acre), 1.20 acres of CP8A (Grassed Waterway) expiring in 2029 with an annual payment of $284 ($237/acre) and 4.10 acres of CP8A (Grassed Waterway) expiring in 2031 with an annual payment of $1,230 ($300/acre), and 1.80 acres of CP15A (Contour Grass Strips) expiring in 2032 with an annual payment of $540 ($300/acre; see attached CRP Map).

Situated eight miles directly west of Cresco, Iowa, and immediately northeast of the U.S. Highway 63 and Iowa Highway 9 intersection, this highly tillable farm would make for an outstanding add-on unit to an existing farm operation or investment-grade quality land purchase. In addition, there are several competing grain marketing options located nearby with a variety of grain elevators to merchandise crops.

The single tract will be offered on a price-per-acre basis via Public Auction and will take place on Wednesday, February 28th, 2024, at 10:00 AM at the Howard County Fairgrounds - Featherlite Center, 220 7th Street W, Cresco, Iowa 52136. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. This property is located within the south half of Section 20 in Howard Center Township, Howard County, Iowa.

*This auction is being co-listed with 1 Stop Realty. Please contact Kirk Swenson at 507.254.5468 and Wendy Forthun, ALC at 507.251.1637 for more information on this auction.

Auction Details

Howard County, Iowa Land Auction

196.38 Acres M/L

Wednesday, February 28th, 2024 at 10:00 AM

Auction Location:

Howard County Fairgrounds - Featherlite Center

220 7th Street W

Cresco, Iowa 52136

Seller: Nancy J. Dietz

Bidder Registration: All prospective bidders must register with Peoples Company and/or 1 Stop Realty, Inc. (the "Auction Company") to receive a bidder number to bid at the auction. The Auction Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Auction Company's online auction platform via the Internet. By using Auction Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Auction Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the Howard County Fairgrounds - Featherlite Center, 220 7th Street W

Cresco, Iowa, 52136. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. 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.

Farm Program Information: Farm Program Information is provided by the Howard County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Auction Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Howard 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, April 5th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession of the land will be given At Closing, Subject to the Tenant's Rights.

Farm Lease: The farm is leased for the 2024 cropping season and the cropping lease will be assigned to the Buyer at Closing. All 2024 farm income will be credited to the Buyer at Closing.

Property Taxes: All real estate taxes for 2024 will be prorated between the Seller and Buyer to the date of Closing.

CRP Payments: The tract is subject to multiple Conservation Reserve Program contracts ("CRP Contract"). Seller and any other participants listed in the CRP Contracts will assign the CRP Contracts to Buyer as of the Closing Date, and Buyer shall assume all obligations of the CRP Contract. All payments for the current CRP Contract year shall be prorated to the Closing Date.

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

Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.

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.

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, Auction Company, or Seller. All bids will be on a per-acre basis. The Auction Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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 Auction Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before 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 the abstract.