Manson, IA 50563(Pocahontas County)

Iowa Land Company is honored to represent the Kjarsgaard LLC farm sale in Pocahontas County, Iowa. The farm consists of 78.50 +/- acres, located 5 miles northeast of Manson, Iowa. The farm will be offered at a public auction on May 19th, 2022 at 12:00PM at the Manson Area Community Center located Manson, Iowa. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 78.50 +/- acres, with 76.30 +/- acres considered cropland acres. The CSR2 weighted average is 86.6, with Webster Clay loam, Clarion loam and Nicollet Clay loam being the majority soil types on the farm. The farm has a lease in place until Feb 24th, 2024 at $261.09 per cropland acre or $20,000.00 annually. The new buyer will recieve the second half of the rent for 2022 crop season. Payment for the second half of the rent is issued Sept. 1st, 2022. The new buyer will assume the current lease on the farm. Possession will be granted to the new buyer at closing subject to tenants rights.

Farm Information

78.50 +/- Acres

76.30 +/- Cropland Acres

86.6 CSR2

Gently rolling farmland

Strong farming area

Highly tillable farmland

Nice tract of farmland

Base Acres

Corn 37.80

Soybeans 38.50

PLC Yield

139 Corn

38 Soybeans

Auction Date: May 19th, 2022

Auction Time: 12:00 PM

Auction Location: Manson Area Community Center

Auction Address: 1227 16th St. Manson, Iowa 50563

Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.

Farm Lease: The cropland has a lease 3 year lease, expiring in 2024.

Survey: No survey will be done.

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 real estate possession at closing.

Farm Closing: June 30th, 2022.

FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller will convey to the buyer.

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 Matt Skinner or Land Broker/Auctioneer Luke 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.