Bid Deadline: Monday, April 3, 2017 10:00 AM
Bids Submitted to:
Midwest Land Management & Real Estate, Inc.
2506 11th Ave SW / PO Box 909
Spencer, Iowa 51301
Tract 1: 5 miles North of Holstein on Hwy 59, then 2 1/2 miles east on 100th Street
Tract 2: 5 miles North of Holstein on Hwy 59, then 1 mile West on 100th Street
Tract 1: The tillable farmland located in the East Half of the Northwest Quarter (E 1/2 NW 1/4) of Section Six (6), Township Eighty-nine (89) North, Range Thirty-nine (39) West of the 5th P.M., Ida County, IA.
Tract 2: The tillable farmland located in the Northeast Quarter (NE 1/4) and the East Half of the Northwest Quarter (E 1/2 NW 1/4) of Section Four (4), Township Eighty-nine (89) North, Range Forty (40) West of the 5th P.M., Ida County IA.
Opportunity to bid on Tract 1, Tract 2 or the combination according to your preference.
Tract 1: Galva (310), Primghar (91), Colo-Judson (11)
Tract 2: Galva (310), Kennebec (26), Ely (42) Colo (133), Ida (1) Sac (78), Afton (31) Judson (8)
Tract 1: 90.6
Tract 2: 82.0
Tract 1: 66.9
Tract 2: 58.9
Sealed bids for cash rent will be accepted until 10:00 AM, April 3rd, 2017. Sealed bids will be opened promptly at 10:00 AM. Winning bidder(s) will be notified by 11:00 AM of that same date and shall have until 3:00 PM to deliver funds via certified check to Midwest Land Management & Real Estate, Inc. and enter into a lease for 2017.
The winning bidder's lease will be subject to the Debtor's statutory right of first refusal to lease the property on the same terms made by the winning bidder. On April 13, 2017, the Debtor's statutory right of first refusal to lease the property will lapse. During the 10 day period (April 3, 2017-April 13, 2017), the proceeds in the form of a certified check shall be held in Midwest Land Management & RE Trust Account without interest. On April 14th, 2017, assuming the Debtor's do not exercise their option, the contingency will lapse and each winning bidder will take possession of their respective leasehold.
Farm Operators, here is an excellent opportunity to rent two high quality farms in northern Ida County. Both tracts have highly productive soils and would make an excellent addition to any farming operation this year. Don't miss this opportunity to rent these attractive farms for 2017.
For More Information Contact: Travis Johnson (712) 330-5345