5640 180th Street , Sibley, IA 51249(Osceola County)

Tract 2: 80.00 acres m/l with an estimated 76.81 FSA cropland acres m/l carrying an average CSR2 soil rating of 89.3

Tract 3: 78.98 acres m/l with an estimated 74.41 FSA cropland acres m/l carrying an average CSR2 soil rating of 89.7

Tract 4: 78.97 acres m/l with an estimated 78.31 FSA cropland acres m/l carrying an average CSR2 soil rating of 90.7

Tracts 5 and 6 present as a contiguous parcel comprised of 118.71 gross acres m/l located in Section 30 of Goewey Township in Osceola County, Iowa.

Tract 5: 39.74 acres m/l with an estimated 39.61 FSA cropland acres m/l carrying an average CSR2 soil rating of 99.2

Tract 6: 78.97 acres m/l with an estimated 77.79 FSA cropland acres m/l carrying an average CSR2 soil rating of 96.7

As a whole, the farm consists of 426.18 FSA cropland acres with prominent soil types of highly productive Primghar silty clay loam, Everly clay loam, and Galva silty clay loam. The farm boasts an average CSR2 soil rating of 92.1, well above the Osceola County average CSR2 soil rating of 86.3. The FSA cropland acres are certified as NHEL (Non-Highly Erodible Land). These high-quality tracts would make great add-ons to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. This is a rare opportunity to own large, contiguous farms in a strong farming area.

The six tracts will be offered on a price-per-acre basis using the Buyers Choice Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. The Public Auction will be held on Wednesday, April 10th, at 10:00 AM CST at the Sibley American Legion, 817 3rd Avenue, located in Sibley, Iowa 51249. The sale can also be viewed through a Virtual Online Auction option with online bidding available.

Auction Details & Terms

Osceola County, Iowa - Land Auction

436.66 Acres M/L (Offered in Six Tracts)

Thursday, April 10th, 2025 at 10:00 AM

Seller: The Gordon & Joan Jettie Trust

Representing Attorney:

Auction Location:

Sibley American Legion

817 3rd Avenue

Sibley, Iowa 51249

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 tracts will be offered via Public Auction and will take place at 10:00 AM at the Sibley American Legion, 817 3rd Avenue in Sibley, Iowa. 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 Osceola 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 Osceola 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 the Peoples Company Trust Account.

Closing: Closing will occur on or before Wednesday, May 14th, 2025. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Surveys: Surveys for all parcels will be completed following the sale of the farms on April 10th, 2025. Final marking/posting of surveyed parcels will be completed after crop harvest, in the late fall of 2025.

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

Showings: Please contact Agents prior to entering the property for inspection.

Farm Lease: The farms are leased for the 2025 on a crop share basis. The new Buyer(s) will receive a credit at closing in the amount of $300/Cropland Acre for consideration of the 2025 lease. The lease has been terminated and the farms will be open for the 2026 crop season.

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 the Property. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.

Improvements/Buildings/Personal Property: All dwellings and improvements will be conveyed in their current "As is - Where is" condition. The new owner will be responsible for removing any personal property left on the premises at closing.

Septic: The buyer will be required to sign a binding agreement with Osceola County at Closing as part of the "Time of Transfer" requirement with the Ground Water Hazard Statement. This is an acknowledgment by the Buyer to either vacate/demolish or improve/update the current septic system per Iowa Law. Contact Agent for further details.

Pipeline Easement: A Birthmark RNG Origination Gas Line Easement runs along the Southern border of Tract 6. See Easement attachment document and contact the listing agents for more information.

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.

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, 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.