369.9 Acres m/l - 4 Tracts Pocahontas County, IA - Dover and Cedar Townships

Land Auction

369.9 Acres m/l - 4 Tracts Pocahontas County, IA - Dover and Cedar Townships

Sale Date: Wednesday, November 28, 2018 10:00 AM

Sale Location: Knights of Columbus Hall, 105 N. Main Street, Fonda, Iowa

Documents and Maps

Property Location

Tract 1: 1 mile east of Fonda, IA on Highway 7, 2 miles north on 150th Avenue, 1 mile east on 600th Street and 2 miles north on 160th Avenue.

Tract 2: 1 mile east of Fonda, IA on Highway 7, 2 miles north on 150th Avenue, 1 mile east on 600th Street and 1/2 mile north on 160th Avenue.

Tracts 3 & 4: 1½ miles north of Fonda, IA on 140th St.

 

Legal Description

Tract 1: The Southeast Quarter (SE¼), Section Thirty-six (36), Township Ninety-one (91) North, Range Thirty-four (34). West of the 5th P.M., Pocahontas County, Iowa except the North One Hundred and Twelve (112) acres thereof and the acreage site. 

Tract 2: The Southeast Quarter of the Northeast Quarter (SE¼ NE¼) Section Twelve (12), Township Ninety (90) North, Range Thirty-four (34) West of the 5th P.M., Pocahontas County, Iowa.

Tract 3: Part of the South Half of the Southwest Quarter (Pt. S½ SW¼), Section Eleven (11) & Part of the North Half (Pt. N½), Section Fourteen (14), both in Township Ninety (90) North, Range Thirty-four (34) West of the 5th P.M., Pocahontas County, IA. Exact legal to be taken from survey.

Tract 4: Part of the North Half (Pt. N½), Section Fourteen (14), Township Ninety (90) North, Range Thirty-four (34) West of the 5th P.M., Pocahontas County, Iowa. Exact legal to be taken from survey.

FSA Information

Tract 1 (Combined with adjacent land) -Cropland Acres: 43.3 acres
Corn Base: 23.1 ac.  PLC Yield: 149  bu.
Soybean Base: 18.7 ac.  PLC Yield: 47 bu.

Tract 2 - Cropland Acres: 38.93 acres
Corn Base: 20.3 ac.  PLC Yield: 149 bu.
Soybean Base: 16.5 ac.  PLC Yield: 47 bu.

Tract 3 - CRP Acres: 3.24 acres
Annual Contract Payment: $748
Contract Expiration Date: 9/30/2021

Tracts 3 & 4 Combined FSA Information:
Cropland Acres: 277.56 ac. (including 3.24 acres CRP)
Corn Base: 137.67  PLC Yield: 157 bu.
Soybean Base: 132.84 ac.  PLC Yield: 42 bu.

 

Soils

Tract 1: Webster, Nicollet, Clarion & Canisteo
Tract 2: Canisteo, Webster, Clarion & Knoke
Tract 3: Talcot, Canisteo, Okoboji, Nicollet, Clarion, Coland, Webster & Harps
Tract 4: Canisteo, Clarion, Nicollet, Wadena & Webster

Surety/Agridata Avg


Tract 1: Average CSR2 - 87.1, Average CSR1 - 81.6
Tract 2: Average CSR2 - 81.9, Average CSR1 - 74.5
Tract 3: Average CSR2 - 72.1, Average CSR1 - 70.9
Tract 4: Average CSR2 - 77.9, Average CSR1 - 70.3

Real Estate Taxes

Tract 1: $1,265 (estimated)
Tract 2: $1,130
Tract 3: $4,282 (estimated)
Tract 4: $3,212 (estimated)

Method of Sale

Successful bidder will have choice of tracts 1, 2, 3 and/or 4.

Terms

10% earnest money down day of sale.  Balance due at closing on or before January 15, 2019.  Real estate taxes to be prorated to December 31, 2018.  All tracts have open leases for 2019 crop season. Tracts 3 & 4 to be surveyed prior to auction. Buyer(s) of Tracts 3 & 4 to receive 100% of January 2019 wind tower payments. All final bids are subject to seller approval.

Comments

Estimated Annual Wind Tower Payments
Tract 3: $8,700 or $4,350 per tower 
Tract 4: $4,350

Listing Agent

For More Information Contact:

Questions? Contact Us