Albert City, IA 50510(Pocahontas County)

Tract 1 consists of 140 +/- acres, with 129.91 +/- acres considered cropland acres. The CSR2 weighted average is above county average rated 85.1, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. Tract 2 consists of 75.63 +/- acres, with 74.5 +/- acres considered cropland.The CSR2 weighted average is above county average rated 84.5, with Webster, Canisteo, Clarion, and Nicollet soils making up the majority of the farm. Excellent cash crop grain sale outlets are present in Albert City, Fonda, and soon to be state of the art soybean crushing plant in Storm Lake, IA. The farm is leased for the 2023 growing season. It will be an open lease for the 2024 operating year.

Farm Information

- Two tracts in close proximity

- Strong Farming Area

- Highly Tillable Farmland

- Compact, Quick Farms

- Tract 1 CRP and Tract 2 are attached in the documents

Base Acres

Tract 1

Corn 66.2

Soybeans 51.66

Tract 2

Corn 39.9

Soybeans 25.38

PLC Yield

156 Corn

46 Soybeans

Seller: Gene and Myrtis Allen Revocable Trust

Auction Date: August 22nd, 2023

Auction Time: 1:00 PM

Auction Location: Laurens, IA Laurens Golf & Country Club

Auction Address: 12582 Highway 10, Laurens, IA 50554

Sale Method: The farms will be sold at live public auction via Bidders Choice with online and phone bidding opportunities for all buyers

Farm Lease: The farm is currently leased for 2023.

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.

Farm Closing: On or before October 5th, 2023.

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt 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/Auctioneer Luke Skinner or Land Broker Matt 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.