Newkirk, IA 51238(Sioux County)

Location: From Newkirk, IA go West on B40(400th St.) for 2 miles to Jefferson Ave. then go South on Jefferson Ave. for 1/2 mile to the farms or from the Sioux Center, IA Hospital go 7 miles East on B40(400th St) to Jefferson Ave. then go 1/2 mile South on Jefferson Ave. or from the North side of Orange City, IA go North on Jackson Ave for 4 miles to B40(400th St) then go East on B40(400th St) for 2 miles to Jefferson Ave. then go South for 1/2 mile on Jefferson Ave. Farms Are located on the East side of Jefferson Ave. Auction to be held at the site of the farmland.

Sale Date: February 27, 2024 10:30 A.M.

Auctioneers Note: We are honored to represent the Ken & LaDonna Huisman family in offering at auction some of the highest quality land available in Sioux County, IA! These farms have tremendous soil ratings and offer an opportunity to purchase a farm that you can be proud to tell people that you own! Land is an investment that your future generations of family will Thank You for investing in!

Abbreviated Legal Description of Tract 1: Parcel C in the NW1/4 of Section 11, TWP 95N, Range 44W, Sioux County, IA. Subject to all easements and public roads of record. Sold subject to a Dakota Access Pipeline easement, Summit Pipeline and any/all other pipeline and other easements on the farm.

General Description of Tract 1: According to the recent survey, this property contains 40+/- gross acres. According to FSA/Survey, this farm contains approx. 39.50 tillable acres with the balance in road/ditch. This farm has road on 1 side and is 98.7% tillable! This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 186bu. This farm is classified as NHEL. The predominant soil types include: 91-Primghar, 310-Galva, 92-Marcus. The average CSR1 is 75.1. The average CSR2 is 99.7. The owners of this property have signed an easement with the Summit pipeline and the buyers of the farm will receive the crop damage payment from Summit at closing for this property. This farm is leased for the 2024 crop year and the buyer of the farm will receive the rent for 2024 and a rent subsidy at closing. The buyer of this farm will be solely responsible for any costs to widen the driveway for this farm. This farm truly presents the opportunity to purchase a farm which offers an outstanding opportunity to purchase a farm that may have one of the highest CSR2 soil ratings in Sioux County, IA and perhaps even the entire state! This farm offers everything that you look for when purchasing land including 1/2 mile rows, very few non tillable acres with road on only one side and outstanding soil ratings! Land is an investment that you will be glad you own and when you look back 5, 10 or 20 years from now you will be glad that you made the decision to purchase this premier tract of Sioux County, IA farmland!

Abbreviated Legal Description of Tract 2: Parcel D in the NW1/4 of Section 11, TWP 95N, Range 44W, Sioux County, IA. Subject to all easements and public roads of record. Sold subject to a Dakota Access Pipeline easement, Summit Pipeline and any/all other pipeline and other easements on the farm.

General Description of Tract 2: According to the recent survey, this property contains 77.41+/- gross acres. According to FSA/Survey, this farm contains approx. 76.44 tillable acres with the balance in road/ditch. This farm has road on 1 side and is 98.7% tillable! This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 186bu. This farm is classified as NHEL. The predominant soil types include: 91-Primghar, 310, B-Galva, 92-Marcus. The average CSR1 is 74.7. The average CSR2 is 99.1. The owners of this property have signed an easement with the Summit pipeline and the buyers of the farm will receive the crop damage payment from Summit at closing for this property. This farm is leased for the 2024 crop year and the buyer of the farm will receive the rent for 2024 and a rent subsidy at closing. This farm presents the opportunity to purchase a farm with outstanding soil ratings! When was the last time that you can say that you had the opportunity to purchase a farm that had a CSR2 soil rating as high as this one! This farm offers everything that you look for when purchasing land including 1/2 mile rows, very few non tillable acres with road on only one side and outstanding soil ratings! Land is an investment that you will be glad you own and when you look back 5, 10 or 20 years from now you will be glad that you made the decision to purchase this premier tract of Sioux County, IA farmland!

Method of sale: Auction will be held at the site of the farmland. Farmland will be sold with the final bid price x the gross surveyed acres. Farms will be sold in the choice method with the top successful bidder of the round of choice having the option to select the tract of their choice or both of the tracts. If one tract is selected then the remaining tract will be sold. If both tracts are selected then the auction will be complete.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $1,240.00 per year on Tract 1 and approx. $2,400.00 per year on Tract 2. Seller will pay the 2023 taxes which are due and payable in March and Sept of 2024.

Possession: Full possession will be on March 1, 2025.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before April 10, 2024. Buyer shall receive a clear and merchantable title to the property on closing day. These farms are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyers due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Buyer is responsible to legally terminate the existing lease if the buyer desires to discontinue the lease for 2025 and beyond. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Brad De JongAttorney for sellers.

Owners:

The Ken & LaDonna Huisman Farm