Poweshiek County Multi-Parcel Absolute Land Auction – SOLD $3,722,800.00

Total sale’s proceeds: $3,722,800.00

Parcel 1 sold at $11,700/acre totaling $1,404,000.00
Parcel 2 sold at $15,600/acre totaling $1,294,800.00
Parcel 3 sold at $6,400/acre totaling $1,024,000.00

Auction Details: Tuesday, April 6th @ 10:00 am || Montezuma Memorial Hall, 205 East Main Street, Montezuma, Iowa 50171

Description: 

363 acres m/l of quality Poweshiek County farmland being offered for sale as three separate parcels. Each parcel has been well maintained in the past and will be available for the 2021 crop year. There are 2 wind turbines on Parcel 1 and underground transmission lines on Parcel 2 providing an additional income stream for these properties. Unique opportunity to purchase this many acres relatively close together in Poweshiek County.

Offered in 3 parcels:

Parcel 1 – 120 acres m/l, Section 32, Scott Township & Section 6, Jackson Township

Parcel 2 – 83 acres m/l – Section 6, Jackson Township

Parcel 3 – 160 acres m/l – Section 36, Jackson Township

Download Attachments:

Listing Info & Photographs

Seller: Haynes Farm Wind Lease: Click here to view: Parcel 1A Wind Lease Click here to view: Parcel 1B Wind Lease Click here to view: Parcel 2 Wind Lease

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

Parcel 1: $3,106/year -- Parcel 2: $2,874/year -- Parcel 3: $3,308/year

FSA Data

Parcel 1

Farm Number: 549

Tract Number: 81

Cropland Acres: 116.50

Corn Base Acres: 75.30

Corn PLC Yield: 161 bu./acre

Soybean Base Acres: 41.20

Soybean PLC Yield: 49 bu./acre

2021 Farm Program Election: Corn & Soybeans are enrolled under Price Loss Coverage Program.

**Information is estimated pending reconstitution of farm by Poweshiek County FSA Office.

Parcel 2

Farm Number: 3378

Tract Number: 8970

Cropland Acres: 79.49

Corn Base Acres: 75.20

Corn PLC Yield: 168 bu./acre

Soybean Base Acres: 1.50

Soybean PLC Yield: 55 bu./acre

2021 Farm Program Election: Corn & Soybeans are enrolled under ARC-County Program.

Parcel 3

Farm Number: 549

Tract Number: 80

Cropland Acres: 107.69

Corn Base Acres: 72.89

Corn PLC Yield: 161 bu./acre

Soybean Base Acres: 34.80

Soybean PLC Yield: 49 bu./acre

2021 Farm Program Election: Corn & Soybeans are enrolled under Price Loss Coverage Program.

*Information is estimated pending reconstitution of farm by Poweshiek County FSA Office.

Legal Description

Parcel 1

Poweshiek County – 120 acres m/l in the East Fifteen Acres of the South One-Half of the Southeast Quarter (S ½ SE ¼) of Section Thirty-one (31) and the South One-half of the Southwest Quarter (S ½ SW ¼) of Section Thirty-Two (32), all being in Township Seventy-79, Range 14 West of the 5th P.M.; & the North Twenty Acres of Government Lot One (1) Except Lot One (1) in said Government Lot One (1); and the East Five Acres of the North Twenty Acres of Government Lot Two (2), all in Section Six (6), Township 78 North, Range 14 West of the 5th P.M.; all in Poweshiek County, Iowa.

Parcel 2

Poweshiek County – 83 acres m/l in Government Lots One (1) and Two (2), in Section Six (6), Township 78 North, Range 14 West of the Fifth P.M.; and a strip of land Two Rods wide off the East side of Lot Six (6), in Section Six (6), Township 78 North, Range 14 West of the Fifth P.M., containing approximately one acre; also a strip of land off the east side of Lot Three (3) in Section Six  (6), Township 78 North, Range 14 West of the Fifth P.M., bounded  as follows: commencing  at the Southeast  corner of said Lot Three (3), running  thence West 22½ feet, thence North 80 rods to a point 10½ feet West of the East line of said Lot Three (3), thence East 10½ feet to the East line of said Lot three (3), thence South along the East line of said lot to place of beginning, estimated at 83 acres, EXCEPT that portion thereof sold to Gerald L. Haynes and Vernon Haynes by deed dated June 13, 1977, recorded in Book 357, page 234, Office of the Poweshiek County Recorder, all in Poweshiek County, Iowa.

Parcel 3

Poweshiek County – 160 acres m/l in the South Half of the Northeast Quarter (S ½ NE ¼) and the North Half of the Southeast Quarter (N ½ SE ¼) of Section Thirty-six (36), Township 78 North, Range 15 West of the Fifth P.M., Poweshiek County, Iowa.

Property Location

From Montezuma, travel north on 135th Street past the high school a ½ mile and turn right onto 480th Avenue. Continue east until the gravel road ends and the subject property will be located on the north and south sides of the lane. Look for Iowa Land Sales & Farm Management for sale signs on the property.

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. This auction is be conducted under an absolute sale method.

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 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 May 6, 2021. Balance of purchase price payable in cash or guaranteed check at closing.  Possession will be granted to the buyer at closing. The farm is available for the 2021 crop year and early possession will be provided after an early possession agreement has been executed, the 10 percent earnest money is received and proof of liability coverage is provided.

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.