Westfield, IA 51062 - Plymouth County

Iowa Land Company is honored to represent the VanVleck farm in western Plymouth County, Iowa. The farm consists of 209.7 +/- total acres between both tract 1 and tract 2. Both farms are located within 1/2 mile of Westfield, Iowa in Section 23 and 26 of Westfield Township. The farms will be offered at public auction on August 12th, 2022 at the Akron Golf Course Club House at 1:00pm. We will offer the farm in two tracts on the day of sale. This is a great opportunity for local farmers to expand their current farming operation and gives farmland investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! Tract 1 consists of 145.7 +/- acres, with 111.05 +/- acres considered cropland acres with an additional 22.5 +/- pasture acres. This farm consists of level farmland with a CSR2 average of 70.8. McPaul Silt loam makes up the majority of the soil. Tract 2 consists of 64 +/- acres, with 50.7 +/- acres considered cropland acres. The CSR2 average is 74.5, with McPaul Kennebec silt loam making up the majority of the tillable acres. This tract also presents 13.4 +/- working pasture acres. The farm is rented for the 2022 growing season and will be open for the 2023 growing season. The new buyers will receive a $150 per tillable acre rent credit at closing.

Tract 1 145.7 +/- Acres

111.05 +/- Cropland Acres

70.8 CSR2

PLC Yield

TBD Corn

TBD Soybeans

Base Acres

Corn TBD

Soybeans TBD

Tract 2 64 +/- Acres

50.7 Cropland Acres

74.5 CSR2

PLC Yield

Corn TBD

Soybeans TBD

Base Acres

Corn TBD

Soybeans TBD

Auction Date: August 12th, 2022

Auction Time: 1:00 PM

Auction Location: Akron Golf Course

Auction Address: 941 Country Club Drive, Akron, Iowa 51001

Sale Method: The farm will be sold as 2 tracts at live public auction with online and phone bidding opportunities for all buyers.

Farm Lease: Farm tillable ground is leased for the 2022 season. Farm lease for 2023 will be terminated and open to the new buyer.

Survey: No survey will be provided, we are +/- 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 2022 farming season. Buyer will receive full possession March 1, 2023.

Farm Closing: September 27th, 2022.

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner 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 Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner 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.