Adams County Land Auction – SOLD

SOLD for $11,391,900

Parcel 1 – 156 acres m/l sold for $9,000/acre totaling $1,404,000
Parcel 2 – 265 acres m/l sold for $7,500/acre totaling $1,987,500
Parcel 3 – 156 acres m/l sold for $7,900/acre totaling $1,232,400
Parcel 4 – 77 acres m/l sold for $7,000/acre totaling $539,000
Parcel 5 – 239 acres m/l sold for $5,600/acre totaling $1,338,400
Parcel 6 – 77 acres m/l sold for $6,000/acre totaling $462,000
Parcel 7 – 150 acres m/l sold for $9,700/acre totaling $1,455,000
Parcel 8 – 148 acres m/l sold for $10,250/acre totaling $1,517,000
Parcel 9 – 144 acres m/l sold for $8,400/acre totaling $1,209,600
Parcel 10 – 38 acres m/l sold for $6,500/acre totaling $247,000
Auction Details: Thursday, July 21 at 10 a.m. | Corning Opera House, 800 Davis Avenue, Corning, IA 50841

Description: 1,450 total acres m/l of quality Adams County farmland being offered for sale as 10 separate parcels. Each parcel has been well maintained in the past and is leased for the 2022 crop year with the 2nd half cash rent being paid to the buyer of each tract. The existing leases will be terminated, and the farms will be available for the 2023 crop year. This sale offers a unique opportunity to purchase highly tillable farms relatively close together in Adams County.

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Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

See Auction Brochure for Estimated Net Taxes.

FSA Data

See Auction Brochure for FSA Data. 

Parcel 1 – 156 acres m/l, Section 34, Carl Township
Parcel 2 – 265 acres m/l – Section 2, Prescott Township
Parcel 3 – 156 acres m/l – Section 3, Prescott Township
Parcel 4 – 77 acres m/l – Section 8, Prescott Township
Parcel 5 – 239 acres m/l – Section 9, Prescott Township
Parcel 6 – 77 acres m/l – Section 17, Prescott Township
Parcel 7 – 150 acres m/l – Section 32, Prescott Township
Parcel 8 – 148 acres m/l – Section 4, Mercer Township
Parcel 9 – 144 acres m/l – Section 16, Mercer Township
Parcel 10 – 38 acres m/l – Section 17, Mercer Township

Property Location

Sales Terms & Announcements

Method: Each property will be offered for sale as an individual tract and will not be combined. Iowa Land Sales and its representatives are acting as agents of the seller. Bidding increments solely at discretion of the auctioneer. Seller reserves the right to reject any and all bids.

Contract & Earnest Payment: A 10% earnest money payment is required on the day of the auction. Earnest payment may be paid in the form of cash or check. High bidder will enter into a real estate contract immediately upon the conclusion of the auction and deposit with Iowa Land Sales the required earnest payment. All funds will be deposited and held in the Iowa Land Sales trust account. Bidding is not contingent on buyer financing. If the Buyer fails to fulfill the terms of the Purchase Agreement to be executed on the day of the sale, Seller may forfeit the Agreement, and all payments made by Buyer shall be forfeited, including earnest money.

Closing & Possession: Closing will occur on or about August 25, 2022. Balance of purchase price payable in cash or guaranteed check at closing. Possession will be granted to the buyer at closing subject to the tenant’s rights under the 2022 farm lease. The Purchase Agreement must be executed by the actual buyer or the legal representative of the Buyer on the day of the sale. In the event a potential Buyer cannot attend the auction, said Buyer can send a representative to the auction. Said representative must be registered with the Broker at least two (2) business days prior to the auction, along with a copy of a valid, signed Power of Attorney. Limited power of attorney forms are available upon request from the Broker. The Purchase Agreement cannot be assigned by Buyer without Seller’s written consent.

Announcements: All property is sold on an “As is, Where is” basis. No warranty or guaranty, either expressed or implied, is made by the auctioneer or seller. Sale is subject to all covenants, leases and easements of record. Conducting inspections and due diligence is the responsibility of each bidder and at their own risk. Announcements made on the day of the sale take precedence over previously printed information or oral statements.

Disclaimer: Iowa Land Sales obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisers should conduct your own investigation of the property and transaction.