Larchwood, IA 51241(Lyon County)

Auctioneers Note: Our company is honored to have been selected by the Cain family to offer this excellent farmland and pastureland for sale at live public auction after the recent passing of Rita. Make plans today to attend this auction! This land offers great opportunity to start your land portfolio or add to your current operation!! The property presents a great investment potential! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

Legal Description of Tract 1: Parcel E in the W 1/2 of Section 13-100-48, Lyon County, IAsubject to all public roads and easements of record.

General Description of Tract 1: According to the survey, this property contains 134.63 gross acres. This farm contains approx. 128.37 tillable acres with the balance in road/ditch and waterways. This farm has a corn base that is combined with Tract 2 and has a PLC yield of 176 bu. On corn and has a soybean base combined with Tract 2 with a PLC yield of 51 bu. This farm will be reconstituted by FSA due to recent survey. This farm is classified as HEL and NHEL. This farm is enrolled in the ARC County Program. The predominant soil types include: 410B, 410C2, T410-Moody, 411B, 411C2-Egan, 430-Ackmore, 910, 910B-Trent, 733-Calco, 33D-Steinauer and 401D2-Crofton. The average CSR1 is 59.4 and the average CSR2 is 68.9. This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Legal Description of Tract 2: Parcel G in the W 1/2 of Section 13-100-48, Lyon County, IA.subject to public roads and easements of record.

General Description of Tract 2: According to the survey, this property contains 98.81 gross acres. This farm contains approx. 95.44 tillable acres with the balance in road/ditch and waterway. This farm has a corn base that is combined with Tract 2 and has a PLC yield of 176 bu. On corn and has a soybean base combined with Tract 2 with a PLC yield of 51 bu. This farm will be reconstituted by FSA due to recent survey. This farm is classified as HEL. This farm is enrolled in the ARC County Program. This farm is contour farmed with terraces. The predominant soil types include: 411B, 411C2-Egan, 33D-Steinauer, 733-Calco and 410B, 410B2, 410C2-Moody and 430-Ackmore. The average CSR1 is 53.6 and the average CSR2 is 65.1 . This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!

Legal Description of Tract 3: Parcel F in the W 1/2 of Section 13-100-48, Lyon County, IA.subject to public roads and easements of record.

General Description of Tract 3-PASTURELAND: According to the survey, this pastureland contains 83.50 gross acres. This pasture has some excellent established grasses. This pasture also has a natural creek running through the pasture for water. Pastures of this size and quality are hard to find. This pasture is currently fenced and has been used for livestock grazing. This pasture is nestled Northwest of Larchwood, IA. If you are looking for a productive pasture you will want to make plans to attend this auction. Note: Corral system belongs to current tenant. This pasture is available for the 2022 Season. If you would like a personal UTV tour of this pasture-please contact one of the auctioneers. This pasture has some excellent soil types including Moody, Crofton, Dempster and Calco and has a CSR2 of 74.2. This pastureland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Method of sale: The tracts will be sold with the final bid price x the gross surveyed acres. Auction will be held at the site of the Land. Tract 1 will be sold, then Tract 2, then Tract 3. Farms will not be combined.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $2,942.00 per year on Tract 1, $2,156.00 per year on Tract 2, $1,820.00 per year on Tract 3. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2022.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 20, 2021 when the buyer shall receive a clear and merchantable title to the property. These properties are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Paul KippleyAttorney for Seller.

Cain Family Living Trust- Owner