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Auction Date: 03/21/2023. Auction Time: 10:00 AM
Auction Location: Fremont County Fairgrounds, Mc Elroy Building, 1004 Legion Park Road, Sidney, IA 51652
Entire Farm Description:
Ranch & Farm Auctions is proud to offer this highly tillable farm located just south of Percival, IA. This farm consists of 75.07 FSA tillable acres carrying a weighted average CSR2 of 82.9 which is well above the county average of 72.1 The soils consist mainly of Lakeport silty clay loam, Salix silty clay loam and Modale silt loam with slope ratings between 0 - 3 percent. This is a quality farm that will produce strong yields year after year. This farm would make for a solid investment to diversify your portfolio or be a great addition to your current operation.
Details:
Deeded acres: 79.41
DCP Cropland Acres: 75.7 acres
Soil Types: Lakeport silty clay loam, Salix sil...
Soil Types: Lakeport silty clay loam, Salix silty clay loam, Modale silt loam
Soil PI/NCCPI/CSR2: 82.9 average CSR2
CRP Acres/payment: 12.63 acres in CRP with an annual payment of $3509.00
Taxes: $2,974.40
Lease Status: Tenant in place for 2023, open tenancy 2024. Buyer to receive 2023 rent
Possession: Immediate possession subject to current tenant's rights for 2023
Survey needed?: No survey is needed
Brief Legal: 79.41 located NW S18 T68N R43W Fremont Co, IA
Lat/Lon: 40.7152,-95.8205
Zip Code: 51648
Property Features:
- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
- Onsite bidders should bring a government-issued ID
- 10% down payment immediately after auction - cash, personal, or business checks accepted
- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
- High bidder has 30 days to close unless otherwise noted
- Announcements on auction day will take precedence over any prior announcements
- This is a no contingency sale and is not subject to financing or additional inspections
- Possession at closing, subject to tenant’s rights, if any
- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
- 63.07 FSA acres in production with a weighted average CSR2 of 84.9
- Buyer to receive 2023 cash rent
- The farmland is currently cash rented for $200.00/acre or $12,614.00 annually.
- Additional 1.39 acres with grain bin and Quonset building could be put into production to maximize productivity
- 6.89 Acres enrolled in CRP CP21 paying $305.97/acre or $2,108.00 annually. Contract expires 9/30/2027
- 5.74 Acres enrolled in CRP CP42 paying $244.00/acre or $1,401.00 annually. Contract expires 9/30/2027
- Annual CRP Payment: $3,509.00
- Total Farm Income: $12,614 (cash rent) + $3,509 (CRP) = $16,123.00
- 30’ x 56’ steel Quonset building for equipment storage
- Electricity is available on the property
- School District: Sidney Schools
- Located in Section 18 of Benton Township (18-68N-43W)
- Zoned: A Agriculture
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