303.03 Surveyed Acres Selling in 2 Tracts Cherokee County, IA - Cherokee Township

Land Auction

303.03 Surveyed Acres Selling in 2 Tracts Cherokee County, IA - Cherokee Township

Sale Date: Tuesday, July 13, 2021 10:00 AM

Sale Location: Cherokee Community Center, 530 W Bluff Street, Cherokee, Iowa

Documents and Maps

Description

Midwest Land Management is extremely honored to sell these two highly-productive parcels for Jaminet Family Farms, LLC.  These contiguous quarter-sections located on Highway 3 have been well cared for and have 90.6 and 89.5 CSR2 ratings which are capable of achieving very high yields.  Please note the “Method of Sale” shown below and come prepared to purchase one, or both, of these excellent farms.  Call Chris Clark @ 712-369-1531 with any questions, and we’ll see you on sale day!

Property Location

Tract 1 is located 2 miles northwest of Cherokee, Iowa on Highway 3. 
Tract 2 is located 1 1/2 miles northwest of Cherokee, Iowa on Highway 3.

Legal Description

Tract 1 (156.28 Surveyed Acres): The Southeast Quarter (SE¼) of Section Eight (8), Township Ninety-Two (92) North, Range Forty (40) West of the 5th P.M., Cherokee County, Iowa excluding acreage. Exact legal to be taken from survey.

Tract 2 (146.75 Surveyed Acres): The Southwest Quarter (SW¼) of Section Nine (9), Township Ninety-Two (92) North, Range Forty (40) West of the 5th P.M., Cherokee County, Iowa excluding pasture acres. Exact legal to be taken from survey.

 

FSA Information

For Tracts 1 & 2 Combined: 
Cropland Acres:  286.22 ac.
Corn Base:  142.4 ac.          Corn PLC Yield: 187 bu. 
Soybean Base: 143.3 ac.     Soybean PLC Yield: 54 bu.

 

Soils

Tract 1: Galva, Primghar, Colo-Judson, Marcus & Sac
Tract 2: Galva, Primghar, Sac & Marcus

Surety/Agridata Avg

Tract 1 Avg. CSR2: 90.6
Tract 1 Avg. CSR1: 67.3

Tract 2 Avg. CSR2: 89.5
Tract 2 Avg. CSR1: 64.9

Real Estate Taxes

Estimated Annual Tax for Tract 1 - $3,940
Estimated Annual Tax for Tract 2 - $3,735

Method of Sale

Successful bidder will have choice of Tract 1, Tract 2 or both tracts.

Terms

10% earnest money down day of sale. Balance due at closing on or before November 18, 2021. Real estate taxes to be prorated to December 31, 2021. Sellers to retain the 2021 farm income. All final bids are subject to seller approval.

Listing Agent

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