314.3 Surveyed Acres Dickinson County, IA - Richland Township

Land Auction

314.3 Surveyed Acres Dickinson County, IA - Richland Township

Sale Date: Wednesday, August 4, 2021 10:00 AM

Sale Location: Terril Public Library, 115 N State Street, Terril, Iowa

Bid Online

Documents and Maps

Description

Farms of this size and quality rarely become available in this area.  The Olson farm offers great soils and ample tile outlets to county drainage.  It has been well cared for by the same tenants for many years and has been owned by the family for four generations.  Whether you’re looking for farmland as an investment to lease out or to farm yourself, this farm will be an excellent opportunity for anyone.

Property Location

3 miles north of Terril, IA on N14 & 2 miles east on A31.

Legal Description

Tract 1 (73.8 Surveyed Acres) - The West Half of the Northwest Quarter (W½ NW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, Iowa except 6.43 acre acreage. Exact legal to be taken from survey.

Tract 2 (80.14 Surveyed Acres) - The East Half of the Northwest Quarter (E½ NW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, Iowa. Exact legal to be taken from survey.

Tract 3 (160.36 Surveyed Acres) - The Southwest Quarter (SW¼) of Section Thirty-six (36), Township Ninety-nine (99) North, Range Thirty-five (35) West of the 5th PM in Dickinson County, IA. Exact legal to be taken from survey.

FSA Information

For Tracts 1-3 Combined:
Cropland Acres: 301.74
Corn Base: 150.85 ac.           Corn PLC Yield: 203 bu. 
Soybean Base: 150.85  ac.    Soybean PLC Yield: 46 bu.  

 

Soils

Tract 1: Canisteo, Nicollet, Crippin, Webster, Okabena, Ocheyedan & Clarion
Tract 2: Canisteo, Crippin, Webster, Clarion, Nicollet & Okoboji
Tract 3: Canisteo, Nicollet, Clarion, Okabena, Webster, Okoboji, Waldorf & Crippin


Surety/Agridata Avg

Tract 1 Avg. CSR2 - 87.5 / Tract 1 Avg. CSR1 - 71.6
Tract 2 Avg. CSR2 - 86.4 / Tract 2 Avg. CSR1 - 70.5
Tract 3 Avg. CSR2 - 85.5 / Tract 3 Avg. CSR1 - 805

Real Estate Taxes

Tract 1 - $1,860
Tract 2 - $2,046
Tract 3 - $3,768

Method of Sale

Successful bidder will have choice of Tract 1, Tract 2 &/or Tract 3.

Terms

10% earnest money down day of sale. Balance due at closing on or before November 3, 2021.  Real estate taxes to be prorated to December 31, 2021.  Sellers to retain 100% of 2021 cash rent. Farm has an open lease for 2022 crop year. Farm is currently enrolled in a wind project lease and easement agreement. All final bids are subject to seller approval.

Listing Agent

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