Auction Information
Tama County, Iowa 77 +/- Acres Farmland Auction
Iowa Land Company will be offering a tremendous 77-acre farm at public auction August 21st at 1pm at the Memorial Building located in Traer, IA. The farm offers 75.76 cropland acres that carries a CSR2 of 87.4. Buyer will receive $50 per tillable acre ($3788) cash rent at closing for their portion of the 2020 farm income. This is a great opportunity to buy a well taken care of farm located on Highway 63 north of Traer, Iowa 6 miles. The farm is open for the 2021 agriculture season!
Call Land Broker Cody Skinner at 515-443-6343 or Land Agent Nick Skinner at 515-468-0974 for more information on this Tama County Land Auction.
77 +/- Acres | 75.76 Cropland Acres | 87.4 CSR2
36.00 Corn Base Acres | 36.50 Soybean Base Acres
Farm Drainage: Natural plus some tile call Land Broker Cody Skinner for details
Auction Date: August 21st, 2020
Auction Time: 1PM
Auction Location: Memorial Building ...
Auction Location: Memorial Building Traer, Iowa
Auction Address: 414 2nd Street Traer, Iowa 50675
Sale Method: The farm will be sold as 1 tract at live public auction. The farm will sell to the highest bidder subject to meeting the sellers reserve.
Farm Lease: Farm tillable ground is leased for the 2020 season. Buyer(s) to receive $50 of the cash rent income per tillable acre.
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: The farm is rented for the 2020 farming season. Buyer will receive $50 per tillable acre ($3,788) cash rent at closing for 2020 farm income. The farm is open for 2021 farming rights.
Farm Closing: September 23rd, 2020, or before.
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From Traer, Iowa
Travel north on HWY 63 six miles
The farm is located on the east side of the road
(Northwest corner of the farm is located where gravel road 110th St meets HWY 63)