Manson, IA 50563(Pocahontas County)

Iowa Land Company is proud to represent the Beth Ann Petti farmland auction in Pocahontas County, Iowa. The farm consists of 113.92 +/- net acres, located 3 miles east of Palmer, Iowa. The farm will be offered at a public auction on August 10th, 2023 at 1:00PM at the MAC Center in 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 to give investors the ability to purchase quality farmland acres in an area with strong tenants and competitive cash rental opportunities. The farm has 113.08 +/- acres considered FSA cropland acres. The farm carries an 83.8 CSR2 value throughout the cropland acres with good productive soils for the area. The farm will be sold with an open lease for the 2024 growing season. The new buyer will be able to obtain full possession and access to the cropland immediately after the current 2023 crop is harvested.

Farm Information

- 113.92 +/- Acres

- 113.08 +/- Cropland Acres

- 83.8 CSR2

- Gently rolling farmland

- Strong farming area

Seller: Beth Ann Petti

Auction Date: August 10th, 2023

Auction Time: 1:00 PM

Auction Location: MAC 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 will have an open lease for the 2024 season.

Survey: No survey will be needed for this property/sale.

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, subject to tenant rights. New buyer to obtain cropland possession immediately after the current crops are harvested.

Farm Closing: On or before October 3rd, 2023.

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 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 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.