Guthrie County, IA, Adair County, IA,
324.17 Acres M/L

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Casey, IA 50048 |
Listing #14704

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Property Info

Description

Peoples Company is pleased to be representing the Anderson Family in the sale of their family’s farmland located in Guthrie & Adair County! The land consists of a total of 324.17 Acres M/L and will be sold as three individual tracts. The auction will take place at the Casey Community Building in Casey, Iowa at 10:00 AM, Wednesday, December 11th, 2019. Gunnar and Grace Anderson worked side-by-side and made farming and family a life’s work on these 324.17 acres m/l for almost 50 years with Grace maintaining an active interest in the farm until her passing in 2019. The soil types on this this farmland portfolio are high producing with CSR2 values well above the county averages. The average CSR2 rating for Guthrie County is 61.4 and the average CSR2 rating for Adair County is 64.

Tract 1: 45.9 acres m/l with 40.83 FSA cropland acres carrying a CSR2 value of 80.4.
Tract 2: 74.2 acres m/l with 64.54 FSA cropland acres carrying a CSR2 value of 74.1.
Tract 3: 204.07 acres m/l with 127.17 estimated FSA cropland acres carrying a CSR2 value of 70.8.

All three farms have been improved with drainage tile and intakes ranging in size from 4” lateral up to 8” tile mains (See Attachments for Current Tile Maps). The farm lease has been a crop share lease and the current farm tenant has been in place for several years. These tracts would be a great add-on to an existing farm operation, an affordable tract for a Beginning Farmer, or a smart investment for the Buyer looking to diversify their portfolio. Grain markets are close with options between Flint Hills Ethanol Plant, Elite Octane, and a wide variety of grain elevators to utilize as well. Any and all farm leases have been terminated and the tracts are open for the 2020 crop year. The farms are located just southeast of Casey, Iowa on 350th Street within the Thompson and Walnut Townships. Mark your calendars to be with us for this opportunity to own your slice of Iowa farmland.

The land will be sold as three individual tracts using the "Buyers Choice" auction method. Tracts 1, 2, & 3 will be sold on a price per acre basis, and the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased. The three tracts will not be offered in their entirety at the conclusion the auction.

Legal Description

Tract 1 (45.9 Acres M/L):

Tract 2 (74.2 Acres M/L):

The South Half of the Southwest Quarter (S ½ SW ¼) of Section Thirty-six (36), Township Seventy-eight (78) North, Range Thirty-two (32) West of the P.M., Guthrie County, Iowa; except that portion of the Southwest Quarter of the Southwest Quarter (SW ¼ SW ¼) of Section 36 lying South of the Middle River; and Parcel “A” of the Southeast Quarter of the Southwest Quarter (SE ¼ SW ¼) of said Section 36. Exact legal to be taken from abstract.

Tract 3 (204.07 Acres M/L):

Northeast Quarter (NE ¼) and Northeast Quarter of the Northwest Quarter (NE ¼ NW ¼) of Section One (1), Township Seventy-Seven (77) North, Range Thirty-two (32) West of the 5th P.M., Adair County, Iowa. Exact legal to be taken from abstract.

Directions

From Interstate 80 (Exit 83): Travel north on Antique Country Drive for 0.6 miles until reaching E. Sheridan Street / 350th Street. Turn right (east) on E. Sheridan / 350th Street for 0.6 and 1.0 miles, respectively for Tracts 1 & 2. Both Guthrie County tracts are located on the north side of the road on 350th Street and Tract 3 is located on the south side of the road in Adair County. All three tracts are marked with a Peoples Company sign.

Sign On Property: Yes
School District: Adair-Casey
General Area: Southeast of Casey, Iowa
Online Bidding: Yes
Auction Date: Dec 11, 2019
Terms: Cash, Conventional

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Auction Details

Guthrie & Adair County Land Auction
324.17 Acres M/L
Offered in Three Separate Tracts
Wednesday, December 11th, 2019
10:00 AM

Seller:
Grace J. Anderson Trust

Attorney:
Jungmann Law Office
Attorney David L. Jungmann
Greenfield, Iowa

Auction Location:
Casey Community Center
104 W. Sherman Street
Casey, Iowa 50048

Auction Method: Tracts 1, 2, and 3 will be sold on a price 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 3 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 Adair and Guthrie 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 change when the farm is reconstituted by the Adair and Guthrie 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 Peoples Company’s Trust Account.

Closing: Closing will occur on or about Friday, January 24th, 2020. 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 Tenant's Rights.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2020 season.

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.

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.

Location

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Tract 1 - 350th Street , Casey, IA 50048

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Attachments

Description

Tract 1 includes 45.9 acres m/l of productive Guthrie County farmland consisting of 40.83 FSA tillable acres with a CSR2 value of 80.4. Primary soil types include Colo and Judson silty clay loam. Private drainage tile has been installed on Tract 1 with several intakes (See Attached Tile Map for known tile location). This property is located southeast of Casey, Iowa in Section 35 of Thompson Township with close proximity to Interstate 80.

FARM DETAILS
FSA Cropland Acres: 40.83
Corn: 20.9 Base Acres with a PLC Yield of 131
Soybeans: 19.9 Base Acres with a PLC Yield of 43

Legal Description

Lot Four (4) of the Southwest Quarter (SW ¼) of Section Thirty-five (35), Township Seventy-eight (78) North, Range Thirty-two (32) West of the 5th P.M., Guthrie County, Iowa; excepting 1.4348 acres, more or less, described as commencing at a point 100 feet east of the Southwest corner of said SW ¼ of Section 35, thence East 250 feet, thence North 250 feet, thence West 250 feet, thence South 250 feet to the point of beginning; except deed for road purposes in Book 292 at page 413.Lot Four (4) of the Southwest Quarter (SW ¼) of Section Thirty-five (35), Township Seventy-eight (78) North, Range Thirty-two (32) West of the 5th P.M., Guthrie County, Iowa; excepting 1.4348 acres, more or less, described as commencing at a point 100 feet east of the Southwest corner of said SW ¼ of Section 35, thence East 250 feet, thence North 250 feet, thence West 250 feet, thence South 250 feet to the point of beginning; except deed for road purposes in Book 292 at page 413. Exact legal to be taken from abstract.

Details

Acres: 45.90 Acres M/L
Parcel Number: 0000855600; 0000852700; 0001112800
Net Taxes: $988.00
CSR2: 80.40

Directions

Tract 2 - 350th Street, Casey, IA 50048

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Attachments

Description

Tract 2 includes 74.2 acres m/l of productive Guthrie County farmland consisting of 64.54 FSA tillable acres with a CSR2 value of 74.1. Primary soil types include Colo, Zook, and Sharpsburg silty clay loam. Private drainage tile has been installed on the Tract 2 with several intakes outletting to the south and west into Middle River (See Attached Tile Map for known tile location). This property is located southeast of Casey, Iowa in Section 36 of Thompson Township with close proximity to Interstate 80.

In addition, Tract 2 contains two steel grain bins (10,000 bushel bin built in 1970 and 9,000 bushel bin built in 1977) located on the southeast corner of the property.

FARM DETAILS
FSA Cropland Acres: 64.54
Corn: 44.1 Base Acres with a PLC Yield of 131
Soybeans: 17.2 Base Acres with a PLC Yield of 43

Legal Description

Details

Acres: 74.20 Acres M/L
Parcel Number: 0000856800; 0000856900
Net Taxes: $1,524.00
CSR2: 74.10

Directions

Tract 3 - 350th Street, Casey, IA 50048

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Description

This combination farm offers quality cropland acres, gently rolling pasture ground, and blocks of mature timber allowing for excellent hunting opportunities! Tract 3 includes 204.07 acres m/l of productive Adair County farmland consisting of an estimated 127.17 FSA tillable acres with a CSR2 value of 71.1. Primary soil types include Kennebec and Colo silt loam. Extensive private drainage tile has been installed on the Tract 3 with several intakes and terraces to manage the erosion and keep topsoil in place (See Attached Tile Map for known tile location).

In addition, there are approximately 23 acres of pasture ground with newer five-strand barbed wire perimeter fences and one cattle shed, located on the north side of the property. The farm is located southeast of Casey, Iowa in Walnut Township with close proximity to Interstate 80.

FARM DETAILS
Estimated FSA Cropland Acres: 127.17
Corn: 102.0 Base Acres with a PLC Yield of 131
Soybeans: 31.7 Base Acres with a PLC Yield of 43

*Farm Program Information has been estimated and will be adjusted according to the County FSA Office after the farmland has been reconstituted.

Legal Description

Northeast Quarter (NE ¼) and Northeast Quarter of the Northwest Quarter (NE ¼ NW ¼) of Section One (1), Township Seventy-seven (77) North, Range Thirty-two (32) West of the 5th P.M., Adair County, Iowa. Exact legal to be taken from abstract.