Pella, IA 50219 - Marion County

Iowa Land Company is pleased to represent this sealed bid farm in Section 33 & 4 of Lake Prairie Township located in Marion County, Iowa. The farm consists of 153 +/- total acres and is located 1 mile northwest of Pella, Iowa. The farm will be offered on a one-time sealed bid sale. All bids must be received by Wednesday September 15th, 2022 at 3 P.M. Bids need to 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 investors wanting a sound investment with high quality soils. Currently 148 +/- acres are in production boasting a 81.2 CSR2. The caliber of this farm is the best of the best in Marion County, Iowa. If youre a buyer in the market for a very high quality farmland investment in a great area, look no further. The farm is leased for the 2022 growing season, and there is open tenancy for the 2023 farming season. Full possession for the new owner will be March 1st, 2023. This will be a one-time sealed bid auction. All bids must be sent to 909 E 2nd Avenue Suite G Indianola, IA 50125. For additional details on the bidding process contact the Agent Jim Davis or Land Broker Matt Skinner.

Farm Information

153 +/- Acres

148 +/- FSA Cropland Acres

81.2 CSR2

Tile and terraces in place

Great Road Frontage

mile from HWY 163

Excellent location

Base Acres

Corn 73.6 Acres

Beans 73.3 Acres

PLC Yield

Corn 157

Beans 54

Auction Date: September 15th, 2022

Auction Time: 3:00 PM

Auction Location: Send Bids to Iowa Land Company Office

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

Sale Method: The farm will be sold on a one time sealed bid method.

Farm Lease: Farm is leased for the 2022 growing season. Open 2023 farm lease.

Survey: No survey will be needed.

Purchase Agreement: Immediately upon conclusion of the auction, if the sellers reserve amount has been met, 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: Buyer will receive full possession March 1st, 2023.

Farm Closing: December 1st, 2022

FSA Information: Call Land Agent Jim Davis for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller will convey to the buyer.

Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Agent Jim Davis prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company.

Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.

Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the persons credentials or fitness to bid.