Auction Information
Online Bidding Site#2120 Live & Online Auction
AUCTION LOCATION
MISSOURI VALLEY RAND CENTER
100 S 4th Street, Missouri Valley, IA 51555
PROPERTY DESCRIPTION
LandProz along with Gannon Real Estate are proud to present to you the Nolan Amalgamated 304+/- acres. This farm lies North of the Missouri River and East of the Wilson Island State Recreation Area in NW Pottawattamie County, IA. The farm sits SE of the Desoto National Wildlife Refuge.
This land is primarily irrigated tillable farmland with three center pivot irrigation systems with two engines and two wells that have pumps. Service records are available. The pivots cover approximately 240+/- acres [or 80% of the farm]. Only 26+/- acres lie outside the newly constructed levee. The levee had been initially damaged from the 2010 flood and has been under repair in 2021. They are nearing completion of the project in 2021. Despite drought conditions in 2020, the corn crop yielde...
This land is primarily irrigated tillable farmland with three center pivot irrigation systems with two engines and two wells that have pumps. Service records are available. The pivots cover approximately 240+/- acres [or 80% of the farm]. Only 26+/- acres lie outside the newly constructed levee. The levee had been initially damaged from the 2010 flood and has been under repair in 2021. They are nearing completion of the project in 2021. Despite drought conditions in 2020, the corn crop yielded over 180 bu/acre. There is an old bin site in the SE corner, but the bins are not usable. There is an easement on 14.5+/- acres to the levee district in the Northwest corner of the farm, along Desoto Ave, that will provide waterfowl, deer, and potential fishing opportunities. This is an excellent income producing farm for the investor looking to diversify or a substantial acre-addition to your local farm operation.
There are also 435.7 acres for sale to the south. These two adjoining tracts fit well together due to the irrigation capabilities and property lines.
303.5 +/- Gross/Taxable acres
289.36+/- FSA acres
274.90 +/- Net Cropland Acres
CSR2 of 44.3
3 Center Pivots covering approximately 240+/- acres
2 Pivot Engines
2 Wells with pumps
180+ bu/acre corn crop in 2020
Newly reconstructed levee system
Excellent income opportunity
Waterfowl, deer & fishing recreational opportunities
Corn Base 212.77 / Yield 155
Soy Bean Base 70.71 / Yield 40-45
Real Estate Taxes $5,654
For additional information please contact LandProz agent Nate Botine 712-730-0338.
TERMS
10% (non-refundable) down on the day of the sale. Balance due at closing November 15, 2021. The overall price will be bid price times total number of acres. Seller retains the 2021 cash rent and will cancel the lease on 9/1/2021. Reserve set at $6,000/acre and that will be the starting bid unless altered by the seller. $5,713/acre net reserve excluding easement acres. Sold as-is with no surveys required. Approximate boundary corners will be marked. Any statement made the day of the auction takes precedence over previous material. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor seller guarantees its accuracy.
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