Oskaloosa, IA 52577 - Mahaska County

Iowa Land Company is pleased to represent the Charles Shadrock Morgan Estate farm in Section 2 East Des Moines Township located in Mahaska County, Iowa. The farm consists of 124.97 +/- total acres and is located 2 miles southwest of Oskaloosa, Iowa. The farm will be offered on a one-time sealed bid sale. All bids must be received by Wednesday October 20th, 2021. Bids should be sent to Iowa Land Companys office in Indianola, IA. Address will be labeled below. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation or a buyer looking to purchase a hobby farm with excellent building opportunities with the amenities of Oskaloosa just 5 minutes away. There is a 4096 building built in 1991 on the northwest corner of the farm. The makeup of the farm is majority tillable farmland along with some nice recreational acres making the farm a nice combination farm. Currently 69 +/- acres are in production with 93.3 +/- acres considered cropland. In addition to the production acres there is an additional 20.4 +/- acres currently in CRP until 2023. The farm is leased for the 2021 growing season full possession will be March 1st, 2022. This will be a one-time sealed bid auction. All bids must be sent to 909 E 2nd Avenue Suite G Indianola, IA 50125 Attn. Luke Skinner. There is a 10-day first right of refusal agreement in place on the farm with a local land owner. For additional details on the bidding process contact the broker.

Farm Details 124.97 +/- Acres

93.3 +/- Cropland Acres

60.9 CSR2

20.4 +/- CRP Acres

PLC Yield

Corn 102

Soybeans 40

Auction Deadline Date: October 20th, 2021

Auction Time: 3:00 PM

Auction Location: Send bids to Iowa Land Company Attn. Luke Skinner

Auction Address: 909 E 2nd Ave. Suite G, Indianola, IA 50125

Sale Method: The farm will be sold as 1 tract via the one time sealed bid method.

Farm Lease: Farm is leased for 2021. Possession March 1st, 2022.

Survey: No survey will be provided, selling acres multiplier is 124.978 +/- acres.

Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the sellers attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.

Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers attorney trust account. Remaining balance will be due at closing.

Farm Possession: The farm is rented for the 2021 farming season. Buyer will receive full possession March 1st, 2022.

Farm Closing: November 30th, 2021