Grand Mound, IA 52751 - Clinton County

Clinton County, Iowa, Farmland Auction on Wednesday, August 11th, 2021!Peoples Company is pleased to be representing the beneficiaries to the Estate of Natalie T. Regan in the sale of 210.92 surveyed acres located just East of Calamus, Iowa. This farmland has been a long-standing heirloom of the Regan family and would be considered some of the best quality farmland in the state.

Conveniently located within 30miles of the Quad Cities in Section35of Olive Township. These high quality, and nearly 100% tillable, farmland tracts would make a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. The primary soil types on these tracts include top producing Maxfield and Sawmill silty clay loams, with average CSR2 values around 75. The farm has been cash rented to a reputable tenant for several years and APH (Actual Production History) yields for the last 10 years have averaged over 162bushels per acre for corn and 47bushels per acre for soybeans.

The farm lease runs through the 2022 cropping season. Winning bidder will receive prorated rent for the 2021 crop season. Winning bidder will assume the current lease with Petersen brothers for the 2022cropping season and receive all rent for the 2022cropping season.

The farmland will be offered via Bidder's Choice method through a live in-person auction as well as a virtual live online auction option. Online bidding will be available as well. The auction will take place at 1:00 PM at the Grand Mound Community Center,510SouthStreet Grand Mound, Iowa. The tracts will not be offered in their entirety or any combination at the conclusion the auction.

Tract 1: 130.5 Surveyed acres with 129FSA cropland acres carrying a CSR2 value of 80.2.

Tract 2: 80.42 Surveyed acres with an estimated 77.59FSA cropland acres carrying a CSR2 value of 73.9.

A survey is being completed there fore the final gross acres for Tract 1are subject to change prior to the day of the auction.

Farm Details:

Estimated FSA Cropland Acres: 210.56

Corn: 112.60Base Acres with a PLC Yield of 162

Soybeans: 112.59Base Acres with a PLC Yield of 47

*FSA Cropland and Base Acres are subject to adjust after the farm is reconstituted by the ClintonCounty Farm Service Agency.

Sign On Property: Yes

Parcel Number: 4008130000, 400814000, 4008180000, 4008160000, 4008170000, 4008150000

School District: Calamus- Wheatland Community Schools

General Area: East of Calamus Iowa

Gross Taxes: $8,137.50 est.

Online Bidding: Yes

Auction Date: Aug 11, 2021

Possession: At Closing, Subject to Tenant's Rights

Terms: Cash/Conventional