Kirkwood Street , Milo, IA 50166(Warren County)

Tract 1 consists of a total of 60.42 acres m/l located 5 miles southeast of Ackworth, IA. This tract contains 40.62 m/l tillable acres with a CSR2 of 81.2. The primary soils are Ladoga silt loam, Ely silt clay loam, and Zook silty clay loam. The remainder of the property includes a stocked pond and timbered draw with an abundance of wildlife. This property would make an excellent building site with amazing views overlooking the pond and both rural water and electric at the road. The farm is leased for 2021 with buyer to receive second half of cash rent estimated at $3,378.

Estimated FSA Cropland Acres: 40.62

Corn: 19.32 Base Acres with a PLC Yield of 125

Soybeans: 15.28 Base Acres with a PLC Yield of 44

Tract 2 consists of a total of 124.40 acres m/l located 5 miles southeast of Ackworth, IA. This tract contains 100.79 m/l tillable acres with a CSR2 of 62.8. There are 80.11 m/l acres currently in row crop production and carry a CSR2 of 72.4. The farm also has 9.71 acres of CRP paying $175.76 per acre or $1,706.63 until October 1, 2022 and another 10.97 acres that were in CRP but the contract has expired. These acres can be re-enrolled in CRP or put into production. The remainder of the ground is in timbered draws that are loaded with deer and turkey and also includes 2 ponds (4 acre pond and a 1/2 acre pond). If you are looking for a building site off the beaten path this it. Electric is close but rural water would need to be brought in from McKinley Street. The farm is leased for 2021 with buyer to receive 2nd half of cash rent estimated at $6,972.

Estimated FSA Cropland Acres: 100.79

Corn: 38.55 Base Acres with a PLC Yield of 125

Soybeans: 40.93 Base Acres with a PLC Yield of 44

AUCTION DETAILS

Warren County Land Auction

184.78 Acres M/L

Offered in 2 Tracts

Friday, June 11th, 2021

10:00 AM Central

Sellers: Kenneth R Schaper Revocable Trust

Auction Location:

American Legion Hall

105 W 1st Ave

Indianola, Iowa 50125

Auction Method: Tracts 1 & 2 will be sold on a per-acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased.Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Iowa County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to Warren County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Peoples Company trust account.

Closing: Closing will occur on or about Wednesday, July 26th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be given at closing. Subject to tenants rights.

Farm Lease: Farm is leased for 2021 crop season with buyer to receive second half of cash rent. Tenant has been terminated for 2022 growing season.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.