Greene County, IA, Webster County, IA,
147.29 Acres M/L

Webster & Greene County, Iowa |
Paton, IA / Gowrie, IA, IA 50217 / 50543 |
Listing #14523

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Property Info

Description

UPDATED – Yield Information Available!

79 Acres, Greene County:
2016: 236 (Corn Bushel/Acre)
2017: 188 (Corn Bushel/Acre)
2018: 68.84 (Soybean Bushel/Acre)

68.29 Acres, Webster County:
*Stated yields include adjoining farmland to the south
2016:   244 (Corn Bushel/Acre)
2017:   54 (Soybean Bushel/Acre)
2018:   239 (Corn Bushel/Acre)

See attached or contact listing agent for copy of Dakota Access Agricultural Impact Mitigation Plan. This document describes the pipeline construction process and responsibility to regenerate farmland on easement area.

Peoples Company is offering for sale two individual tracts including 79 Acres M/L located in Greene County and 68.29 Acres M/L located in Webster County! Both of these farms are owned by T.R. Watts & Son Inc. and are being sold as individual tracts through an ONLINE ONLY AUCTION. Bidding is currently LIVE and will remain open until Wednesday, June 26th, 2019 at 4:00 P.M. Peoples Company will accommodate all bidders and assist any interesting parties in placing a bid. Click the “Bid Now” button to monitor the current bid price or contact the listing agents with questions. Both tracts include high quality farmland that are mostly tillable and have county drainage tile mains located on the farms. (See tract descriptions or attached tile map for additional information) The farms are leased to the same Tenant for the 2019 farm year. Winning Bidder will receive the second half of the 2019 cash rent payment as a credit at Closing. There are several grain marketing outlets competing for grain in these areas with a variety of ethanol plants and grain elevators.

Tract 1 includes 79 Acres M/L with 75.12 FSA tillable acres and a CSR2 rating of 82.3. This tract is located in Greene County and located just northwest of Paton, Iowa in Section 13 of Dawson Township.
Tract 2 includes 68.29 Acres M/L with an estimated 65.58 FSA tillable acres and a CSR2 rating of 84.2. This tract is located in Webster County and located immediately north of Gowrie, Iowa in Section 1 of Gowrie Township.

Sign On Property: Yes
General Area: Central Iowa
Online Bidding: Yes
Auction Date: Jun 26, 2019
Possession: At Closing, Subject to Tenant's Rights
Terms: Cash, Conventional

Additional Info

Please click the "Bid Now" button located above the property description to bid on each tract.

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Auction Details

Greene & Webster County Land Auction
Tract 1 - 79 Acres M/L
Tract 2 - 68.29 Acres M/L
Offered as individual tracts

Bidding is currently LIVE and will remain open until Wednesday, June 26th, 2019 @ 4:00 PM. Peoples Company and their agents will accommodate all bidders by including but not limited to assisting in registering to bid online, placing a bid on behalf of a bidder, inviting a bidder to visit Peoples Company’s office to place a bid, or designating an agent to meet with a bidder at their home or office to place a bid.

A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Seller:
T.R. Watts & Son, Inc.

Attorney:
Horak Law Offices
Robert L. Horak
Jefferson, Iowa

Auction Method: Properties will be offered as individual tracts. All bids will be on a price per acre basis.

Farm Program Information: Farm Program Information is provided by the Greene & Webster County Farm Service Agencies.

Earnest Money Payment: A 10% earnest money payment is required upon conclusion of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or about Friday, August 9th, 2019. 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's have been leased for 2019. (Lease term March 1, 2019 through February 28th, 2020). Winning Bidder to receive second half of cash rent payment at closing. Seller will terminate current farm lease prior to Closing and the farming rights will be available to the Winning Bidder for the 2020 farm year.

Contract & Title: Immediately upon 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. Sale is not contingent upon Buyer financing.

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.

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.

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Tract 1 - 120th Street & S Avenue, Paton, IA 50217

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Description

Bidding is currently LIVE for this tract and will remain open until Wednesday, June 26th, 2019 ending at 4:00 PM.
Tract 1 includes 79 acres m/l of productive Greene County farmland consisting of 75.12 FSA tillable acres with a CSR2 rating of 82.3. The farm is located just northwest of Paton, Iowa and in Section 13 of Dawson Township. Primary soil types include Canisteo Clay Loam, Webster Clay Loam, and Clarion Loam. Located in Greene County Drainage District No. 18, there is more than ample drainage on this farm with 28”, 24”, and 14” county tile mains installed and draining into an open drainage ditch on this parcel. This tract would be a great add-on to an existing farming operation, affordable tract for a Beginning Farmer, or Buyer wanting to diversify their portfolio with a farmland purchase. There are several grain marketing outlets competing for grain in these areas with a variety of ethanol plants and grain elevators. The farm is leased for the 2019 crop year and the Winning Bidder will receive the second half of the cash rent as a credit at Closing. Contact listing agent for details regarding the farm lease.

FARM DETAILS
FSA Cropland Acres: 75.12
Corn: 37.56 Base Acres with a PLC Yield of 148
Soybeans: 37.56 Base Acres with a PLC Yield of 50

Xenia Rural Water has a 2.5” water line extended to the house and acreage site located on the southeast corner of the property.

Legal Description

The North One Half of the Northeast One Quarter (N ½ NE ¼) of Section 13, Township 85 North, Range 30 West of the 5th P.M., Greene County, Iowa, EXCEPT 1 acre off the Southeast corner for building site, described as follows: Commencing at the Southeast corner of the Ne ¼ NE ¼ of Section 13, and thence West 16 rods, thence North 10 rods, thence East 16 rods, thence 10 rods to the place of beginning. Exact Legal Description to be taken from Abstract.

Details

Acres: 79.00 Acres M/L
Parcel Number: 0313200001, 0313200002
Net Taxes: $1,976.00
CSR2: 82.30

Directions

From Paton, Iowa: Travel west out of Paton, Iowa on Co Rd E18 / 130th Street for 1 mile until S Avenue. Turn right (north) on S Avenue for 1 mile and property will be located on the left (west) side of the road. Look for sign.

Tract 2 - Garfield Avenue & 340th Street, Gowrie, IA 50543

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Description

Bidding is currently LIVE for this tract and will remain open until Wednesday, June 26th, 2019 ending at 4:00 PM.
Tract 2 includes 68.29 acres m/l of productive Webster County farmland consisting of 65.58 estimated FSA tillable acres with a CSR2 rating of 84.2. The farm is located immediately northeast of Gowrie, Iowa and in Section 1 of Gowrie Township. Primary soil types include Webster Clay Loam, Canisteo Clay Loam, Nicollet Clay Loam, and Clarion Loam. Located in Webster County Drainage District No. 197 and No. 64, there is more than ample drainage on this farm with a 26” county tile main installed. This tract would be a great add-on to an existing farming operation, affordable tract for a Beginning Farmer, or Buyer wanting to diversify their portfolio with a farmland purchase. There are several grain marketing outlets competing for grain in these areas with a variety of ethanol plants and grain elevators. The farm is leased for the 2019 crop year and the Winning Bidder will receive the second half of the cash rent as a credit at Closing. Contact listing agent for details regarding the farm lease. Dakota Access does have a pipeline easement located on the northeast corner of this tract. (See attached copy of easement)

FARM DETAILS
32.75 Corn Base Acres with a PLC Yield of 141.
32.75 Soybean Base Acres with a PLC Yield of 41.
*Farm Program Information for Tract 2 (68.29 Acres, Webster County) is currently combined with additional farmland owned by the same Landowner under Farm #1159 and Tract #1436. Base Acres will be adjusted per the Default Method when the farmland is reconstituted by the Webster County FSA Office. Our stated Base Acres are an estimate.*

Xenia Rural Water has a 10” water line that runs along the north side of the property along 340th Street.
The Dakota Access Pipeline has an easement on the northeast corner of this property. Please see attachments for copy of the easement and map showing the easement location.

Legal Description

Parcel consists of 68.29 Acres gross acres in North Fractional One Half of the Northeast Fractional One Fourth (N Frl ½ NE Frl ¼) of Section 1, Township 86 North, Range 30 West of the 5th P.M., Webster County, Iowa.. Full Legal Description to be taken from the Abstract.

Details

Acres: 68.29 Acres M/L
Parcel Number: 1701200002, 1701200003
Net Taxes: $1,772.00
CSR2: 84.20

Directions

From Gowrie, Iowa: Travel east on Main Street until reaching Garfield Avenue. Turn North on Garfield Avenue continuing for approximately 1 mile until reaching the intersection of 340th Street and the property will be located on the west side of Garfield Avenue and the south side of 340th Street. Look for sign.