Lone Tree, IA 52755 - Johnson County

Iowa Land Company is honored to represent 38.5 acres of very productive Johnson County farmland, located in Lincoln Township, Section 14. This a rare chance to purchase a farm in an area that doesnt usually see many public sales. The farm will be offered in one tract at live public auction on August 31st 2018 at 1 pm. The farm is located 7.6 miles East of Hills, IA in Southeast Johnson County. Downs silt loam, Tama silt loam, and Colo-Ely complex soils make up this tract. The farm carries a 84.3 CSR2. There is currently 38.45 NHEL cropland acres in a corn/ bean rotation. 37.3 acres are currently being rented for the 2018 growing season bringing $10,257.50 annually. Currently over 96% tillable. There are multiple grain facilities nearby with Gringer Properties LLC, Co-op with the closest being in Hills, IA. There is an appurtenant easement that runs along the east boundary of the farm that allows the farm to the north access. (See aerial and pictures). Check back in the coming weeks for updated farm/ auction information. Contact Land Agent Nick Skinner 515-650-0974 to setup a private showing or for more information.

Agriculture Information

37.3 Acres in Production

38.45 FSA Cropland Acres

84.3 CSR II

Farm is currently planted in corn

Auction Date: August 31th, 2018

Auction Time: 1 PM

Auction Location: American Legion Post 457

Auction Address: 300 N Devoe Street Lone Tree, IA 52755

Sale Method: The farm will be sold as tract 1 by live public auction.

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: Full possession be obtained once the current crop is harvested. Subject to tenants rights.

Farm Closing: On or before October 15th, 2018

Farm Lease: Farm is currently leased for the 2018 farming season. 2019 farming season will be open for the buyer.