Zearing, IA 50278(Marshall County)

Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Steven J Lane. The farms will be offered for sale as two tracts on April 17th, 2023 (see below for per tract details). The entire farm offers 193.09 FSA cropland acres and is open possession for the 2023 growing season. The buyer will have access to farming practices once the buyers earnest money has been deposited. Full possession will be at closing. 51 +/- acres are fenced pasture acres that offer grazing potential and water for livestock. A 3.5 +/- acre gravel pit is located on Tract 2 offering recreation opportunities. Primary soil types are Lawler loam 0-2% slope 73 CSR2 and Coland clay loam 0-2% slope 80 CSR2.

Marshall County farmland doesnt come available often. Here is your chance to acquire a productive row crop farm with additional pasture acres. Join us and name your price April 17th at 1:00pm. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.

Farm Information

Located 6 miles northeast of Zearing, Iowa

Located 10 miles west of Liscomb, Iowa

Liberty Township, Sections 5 & 8

263.70 +/- Acres 2 Tract Sale

193.09 +/- FSA Cropland Acres

51 +/- Pasture Acres in Tract 2

3.5 +/- Gravel Pit in Tract 2

Farm has an open lease for 2023 agricultural season

Tract 1 Information

142 +/- Acres

136.56 +/- FSA HEL Cropland Acres

67.7 CSR2

Base Acres

126.17 Corn

56.13 Soybean

PLC Yield (Entire Farm)

159 Corn

46 Soybeans

Tract 2 Information *This Tract Will No Longer Be Offered At Auction*

121.70 +/- Acres

55.13 +/- FSA NHEL & HEL Cropland Acres

62.7 CSR2

53 +/- Fenced Pasture Acres

3.5 +/- Acre Gravel Pit

Base Acres (Entire Farm)

126.17 Corn

56.13 Soybean

PLC Yield

159 Corn

46 Soybeans

Sellers: Steven J Lane

Auction Date: April 17th, 2023

Auction Time: 1:00 PM

Auction Location: Dakins Community Center

Auction Address: 105 East Main St. Zearing, IA 50278

Sale Method: The farm will be sold as two tracts at live public auction with online and phone bidding available.

Farm Lease: Open farm lease for 2023 agriculture season.

Survey: The seller at the sellers expense will have the tract separation line surveyed only if each tract is sold to two separate buyers.

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 at closing.

Farm Closing: On or before June 1st, 2023

FSA Information: Call Land Agent Nick Skinner or Land Broker Cody Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best seller and Iowa Land Company. All information is subject to change.

Mineral Rights: Mineral rights will be conveyed to the buyer at closing.

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.

Brief Legal Description

263.70 +/- Taxable acres located in Marshall County, Iowa Liberty Township, Sections 5 & 8. Exact legal description will come from the abstract.

Taxes:

$6,556 Estimated Annually