Melbourne, IA 50162 - Marshall County

Iowa Land Company is honored to represent this high percentage tillable farm in Southwest Marshall County owned by the LaVon Titus Estate. The 158 taxable acre farm offers 152.32 FSA cropland acres that carries a 57.1 CSR2. The farm lies just 3.5 miles south of Melbourne Iowa and just 3 miles east of HWY 330 making grain transportation highly accessible. The drains extremely well naturally and waterways and terraces exist where needed. This has been a well taken care of farm that has been owned by the same family for many years. Name your price at public auction on March 10th, 2022 at 1:00pm at the Melbourne Recreation Center!

Farm Information

158 +/- Net Acres

152.32 +/- FSA Cropland Acres

57.1 CSR2

96.4% income producing acres on this farm

Improvements include terraces and established waterways where needed throughout the farm.

Great natural drainage farm

Base Acres

Corn 106.10

Soybeans 44.60

PLC Yield

Corn 152

Soybeans 45

Auction Date: March 10th, 2022

Auction Time: 1:00 PM

Auction Location: Melbourne Recreation Center

Auction Address: 613 Main St, Melbourne, IA 50162

Sale Method: The farm will be sold at live public auction as one tract.

Farm Lease: The farm is leased for the 2022 agriculture season. The buyer will receive 100% of the 2022 cash rent.

Survey: Final purchase price will be sold using taxable acres as the multiplier.

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 leased for the 2022 agricultural season, The buyer will The buyer will receive 100% of the 2022 cash rent and receive full possession March 1, 2023.

Farm Closing: April 14th, 2022