19980 173rd Avenue , Sigourney, IA 52591(Keokuk County)

These farms are part of a true legacy, having been in the Herman Family for over 100 years and recognized as a Century Farm by the Iowa Department of Agriculture. Decades of care, stewardship, and investment have gone into building the quality of these farms and now, for the first time in over a century, they are being offered to the public. This is a rare opportunity to acquire one or more tracts of proven Iowa farmland in a tightly held area. Dont miss your chance to continue the legacy.

Farm Lease: Notice of Termination of the lease has been sent to the Tenants. The current lease will terminate on March 1, 2026 and will be open for the 2026 cropping season.

Tract 1: 78 Acres m/l containing 76.87 FSA Cropland acres m/l carrying a CSR2 of 82.

Tract 2: 79.25 Acres m/l containing 78.40 FSA Cropland acres m/l carrying a CSR2 of 89.3.

Tract 3: 40 Acres m/l containing 29.90 FSA Cropland acres m/l carrying a CSR2 of 43.6.

Tract 4: 80 Acres m/l containing 57.53 FSA Cropland Acres m/l carrying a CSR2 of 55.1.

Tract 5: 40 Acres m/l containing 38.92 FSA Cropland Acres m/l carrying a CSR2 of 83.7

Tract 6: 78.25 Acres m/l containing 66.15 FSA Cropland Acres m/l carrying a CSR2 of 62.

The farm will be sold using the Buyer's Choice auction method where the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all six tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of the auction.

Auction Details & Terms

Keokuk County Land Auction

395.50 Acres M/L (Offered in Six Tracts)

Thursday, November 6th, 2025 at 10:00 AM

Seller: MPTC Farms LLC - Herman Family

Representing Attorney: Grant Taylor - Victor Law Office.

Auction Location:

ISU Extension Office

400 220th Ave

Sigourney, IA 52591

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

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples 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 Peoples 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 Six farmland tracts will be sold on a per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, two, or any combination of tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option with online bidding available.

Farm Program Information: Farm Program Information is provided by the Keokuk 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, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Keokuk 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 or check or wire transfer. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Friday, December 12th, 2025. 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 farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farm lease has been terminated and will be open for the 2026 cropping season.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

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. 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 Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. The 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.