Auction Information
Online Bidding Site2,355 Acres in Bedford, IA
2355+ ACRE ABSOLUTE LAND AUCTION!
TAYLOR COUNTY, IOWA & WORTH COUNTY, MISSOURI
Tuesday, September 18, 2012 at 1:02 pm
Land auction to be held at the Taylor County Fairgrounds
Land Preview on Tuesday, September 4th from 1-3 pm (auction representatives will be located at Tract #6)
ALL LAND IS SELLING POSITIVELY TO THE HIGHEST BIDDER!! No minimums or reserves.
IMPORTANT INFORMATION
DAY 1: LAND
All Land Is Selling To The Highest Bidder Without Any Reserves Or Minimums!!
*Bidder registration will begin at 11 am - Drivers License is required
*All Richard Auction sales are "As Is, Where Is" which means they are sold without any contingencies, including inspections and financing. With this in mind, you should have your financing lined up before you bid.
*Unless otherwise stated, all of our sales close within 30 days.
*20% down payment is due the day of sale in the form of a cashiers or...
*20% down payment is due the day of sale in the form of a cashiers or personal check.
*The successful bidder will sign a purchase agreement at the auction site immediately following the close of bidding.
*Each FARM will be offered Choice with the Privilege
What does "Buyers Choice" mean?
In this method of auction, bidders compete for "the right to choose first" from the FARM Tracts being offered. The high bidder may choose one, some or all of the Tracts within that FARM. If the high bidder chooses multiple tracts, then the high bid is multiplied by the number of acres in each Tract that the high bidder chose. If the high bidder takes less than all of the Tracts, then the bidding begins again and the next high bidder now wins the right to choose first.
* Auction Order-
Farm #1: Tracts 1-6 will be offered first. Until all Tracts of Farm #1 are purchased.
Farm #2: Tract 7 will be offered next.
Farm #3: Tracts 8-12 will be offered next until all Tracts of Farm #3 are purchased.
Farm #4: Tract 13 will be offered next.
Farm #5: Tracts 14-18 will be offered next until all Tracts of Farm #5 are purchased.
*Tracts will NOT be recombined. Once the auctioneer says sold it is sold
*The final multiplier of acres will be determined by the completed surveyed acres.
*NO BUYERS PREMIUM for onsite bidding!
*Online bidding available
Information contained herein is believed to be correct, Richard Realty & Auction assumes no liability for errors or omissions and reserves the right to correct any information contained herein. All lines and boundaries are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Any announcements made the day of sale takes precedence over all advertising.
2355+ ACRES, M/L SELLING IN 18 SEPARATE TRACTS!
(All acres are subject to final survey)
FARM #1
TRACT #1- 37.37 Acres, M/L Cropland-Homestead with Outbuildings
FSA Information: 34.58 acres tillable of which 25.7 acres are in CRP at $72.90/acre = $1,873.53 expires 9-30-2014
CSR is 56.3
Located in Section 14, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $653.04
Ag Credit: $22.89
Family Farm Credit: $16.16
Net: $614.00 (rounded)
TRACT #2: 233.49 Acres, M/L Cropland-Pasture-Pond- Homestead with Outbuildings, Feedlot & Silos
FSA Information: 142.07 acres tillable
CSR is 58
Located in Section 14, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $4085.29
Ag Credit: $127.93
Family Farm Credit: $90.35
Net: $3868.00 (rounded)
TRACT #3: 232.59 Acres, M/L Cropland-Hay Ground-Pond
FSA Information: 201.14 acres tillable of which 37 acres are in CRP at $72.90/acre = $2,697.30 expires 9-30-2014
CSR is 54.1
Located in Sections 10 & 15, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $3670.43
Ag Credit: $132.30
Family Farm Credit: $93.43
Net: $3444.00 (rounded)
TRACT #4: 139.19 Acres, M/L Cropland
FSA Information: 115.9 acres tillable of which 37 acres are in CRP at $72.90/acre = $2,697.30 expires 9-30-2014
CSR is 44.4
Located in Section 10, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $2089.11
Ag Credit: $75.31
Family Farm Credit: $53.17
Net: $1960.00 (rounded)
TRACT #5: 159.39 Acres, M/L Cropland
FSA Information: 138.47 acres tillable of which 44.8 acres are in CRP at $72.90/acre = $3,265.92 expires 9-30-2014
CSR is 58.2
Located in Section 15, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $2517.40
Ag Credit: $90.55
Family Farm Credit: $63.92
Net: $2362.00 (rounded)
TRACT #6: 154.89 Acres, M/L Cropland
FSA Information: 152.25 acres tillable of which 74.1 acres are in CRP at $72.90/acre = $5,401.89 expires 9-30-2014
CSR is 50.1
Located in Section 15, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $2672.41
Ag Credit: $96.32
Family Farm Credit: $68.02
Net: $2510.00 (rounded)
FSA Information on Farm #1
85 bushel corn yield - 472.9 acre corn base
27 bushel bean yield 53.3 acre bean base
34 bushel wheat yield 39.6 acre wheat base
FARM #2
TRACT #7: 161.57 Acres, M/L Cropland-Timber-Hay Ground-Pond
FSA Information: 138.08 acres tillable
CSR is 47.1
Located in Section 16, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $1665.62
Ag Credit: $59.74
Family Farm Credit: $42.18
Net: $1564.00 (rounded)
FSA Information on Farm #2
85 bushel corn yield - 55.6 acre corn base
27 bushel bean yield 42.4 acre bean base
34 bushel wheat yield 4.7 acre wheat base
FARM #3
TRACT #8: 231.35 Acres, M/L Tillable-Timber -Pond
FSA Information: 159.29 acres tillable
CSR is 46.1
Located in Section 21, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $2774.18
Ag Credit: $99.94
Family Farm Credit: $70.58
Net: $2602.00 (rounded)
*CRP contract acres shown on aerial photo expire 9/3/12
TRACT #9: 39.84 Acres, M/L Cropland
FSA Information: 35.4 acres tillable
CSR is 40.8
Located in Section 22, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $498.36
Ag Credit: $17.96
Family Farm Credit: $12.68
Net: $468.00 (rounded)
TRACT #10: 119.98 Acres, M/L Cropland-Pasture-Pond-Homestead with Outbuildings
FSA Information: 86 acres tillable
CSR is 53
Located in Sections 21 & 22, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $1905.92
Ag Credit: $66.42
Family Farm Credit: $46.90
Net: $1792.00 (rounded)
TRACT #11: 120.02 Acres, M/L Cropland-Pasture-Pond-Homestead with Outbuildings
FSA Information: 79.29 acres tillable
CSR is 47.5
Located in Sections, 21 & 22, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $1859.59
Ag Credit: $62.33
Family Farm Credit: $44.02
Net: $1754.00 (rounded)
TRACT #12: 79.92 Acres, M/L Cropland-Pasture
FSA Information: 28.84 acres tillable
CSR is 40.6
Located in Section 27, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $931.51
Ag Credit: $33.57
Family Farm Credit: $23.71
Net: $874.00 (rounded)
FSA Information on Farm #3
85 bushel corn yield 191.1 acre corn base
27 bushel bean yield 22.4 acre bean base
34 bushel wheat yield 15.8 acre wheat base
FARM #4
TRACT #13: 48.77 Acres, M/L Cropland Subject to final Survey
FSA Information: 43.12 acres tillable
Located in Section 34, West Union Township, Worth County, Missouri.
Real Estate Taxes are Approximate
Gross & Net: $185.98
FSA Information regarding bases & yields on Farm #4
85 bushel corn yield - 25.4 acre corn base
27 bushel bean yield 15.6 acre bean base
34 bushel wheat yield 2.1 acre wheat base
FARM #5
TRACT #14: 79.26 Acres, M/L Tillable-Pond
FSA Information: 63.36 acres tillable
CSR is 36.9
Located in Section 25, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $677.54
Ag Credit: $24.42
Family Farm Credit: $17.25
Net: $636.00 (rounded)
TRACT #15: 80.51 Acres, M/L Timber-Tillable
FSA Information: 37.84 acres tillable
CSR is 34.6
Located in Section 25, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $472.38
Ag Credit: $17.03
Family Farm Credit: $12.03
Net: $442.00 (rounded)
TRACT #16: 79.41 Acres, M/L Cropland-Timber-Pond
FSA Information: 27.96 acres tillable
CSR is 37.8
Located in Section 25, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $496.37
Ag Credit: $17.84
Family Farm Credit: $12.59
Net: $466.00 (rounded)
TRACT #17: 159.11 Acres, M/L Hay Ground-Timber- Pond
CSR is 44
Located in Section 24, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $900.35
Ag Credit: $32.46
Family Farm Credit: $22.92
Net: $846.00 (rounded)
TRACT #18: 198.86 Acres, M/L Tillable-Timber
FSA Information: 103.35 acres tillable
CSR is 39.5
Located in Section 24, Jackson Township, Taylor County, Iowa.
Real Estate Taxes are Approximate
Gross: $1347.43
Ag Credit: $48.51
Family Farm Credit: $34.26
Net: $1262.00 (rounded)
FSA Information on Farm #5
85 bushel corn yield 5.9 acre corn base
27 bushel bean yield 21.7 acre bean base
Special Provisions:
~ Buyer(s) will have 2013 farming rights.
~ Final tillable, base, and CRP acres will be determined by FSA.
~ CRP will be prorated from the following:
~ Tract #1: 25.7 acres are in CRP at $72.90/acre = $1,873.53 expires 9-30-2014
~ Tract #3: 37 acres are in CRP at $72.90/acre = $2,697.30 expires 9-30-2014
~ Tract #4: 37 acres are in CRP at $72.90/acre = $2,697.30 expires 9-30-2014
~ Tract #5: 44.8 acres are in CRP at $72.90/acre = $3,265.92 expires 9-30-2014
~ Tract #6: 74.1 acres are in CRP at $72.90/acre = $5,401.89 expires 9-30-2014
~ Tract #8 CRP contract acres shown on aerial photo expire 9/30/12
~ Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elect to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
~ It shall be the obligation of the buyer(s) to report to the Taylor County, IA & Worth County, MO FSA offices and show filed deeds in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Prorate of CRP.
~ All tracts will be surveyed by a registered land surveyor.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa & Missouri state law.
~ Due to this being a trust, the seller will be exempt from all Iowa septic system laws. Any inspections, upgrades, repairs or maintenance to the septic systems will be at the buyers expense in accordance with County & Iowa Laws & regulations.
~ The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
~ There are several wells located on these properties.
~ If in the future a site clean up is required it shall be at the expense of the buyer(s).
~ If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
~ This real estate is selling subject to any and all covenants, restrictions and easements, as well as all applicable zoning laws.
~ The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
*All homes have not been lived in for several years.
Terms on all Tracts: 20% down payment on September 18, 2012. Balance to be paid on or before October 18, 2012 upon delivery of merchantable abstract and deed.
Possession: October 18, 2012 Subject to removal of the 2012 crops
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay all real estate taxes payable in prior years.
Included: Any items that are left with the properties after closing are the responsibility of the new owner(s).
Not Included: Crops, Cattle, All personal property
Owner: Orren D. Jackson Trust
Richard J. Jackson & Bill D. Jackson Trustees
Jim Millhone - Attorney
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