302 Acres m/l - 3 Tracts Buena Vista County, IA - Providence Township

Land Auction

302 Acres m/l - 3 Tracts Buena Vista County, IA - Providence Township

Sale Date: Tuesday, February 27, 2024 10:00 AM

Sale Location: Knights of Columbus Hall, 1507 E Lakeshore Dr, Storm Lake, Iowa

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Documents and Maps

Description

This is a great opportunity to buy your choice of 3 tracts - 75 acres, 80 acres, and 147 acres.  These farms offer gently rolling landscape with excellent soils.  They have been well cared for by the same tenant for many years and are in a great state of production. Don’t miss this opportunity in an area that land rarely becomes available at public auction.

Property Location

Tracts 1 & 2 are located 2 miles east of the intersection of Highways 7 and 71 just east of Storm Lake, Iowa and 1/2 mile north on 150th Avenue. 

Tract 3 is located 4 miles east of the intersection of Highways 7 & 71 just east of Storm Lake, Iowa and 1/2 mile north on 170th Avenue.

Legal Description

Tract 1 (75 Acres m/l): The North Half of the Northeast Quarter (N½ NE¼) of Section Seventeen (17), Township Ninety (90) North, Range Thirty-six (36) West of the 5th P.M., Buena Vista County, Iowa except for the acreage in the Northeast Quarter containing 5.01 acres. 

Tract 2 (80 Acres m/l): The South Half of the Northeast Quarter (S½ NE¼) of Section Seventeen (17), Township Ninety (90) North, Range Thirty-six (36) West of the 5th P.M., Buena Vista County, Iowa. 

Tract 3 (147 Acres m/l): The Northwest Quarter (NW¼) of Section Fourteen (14), Township Ninety (90) North, Range Thirty-six (36) West of the 5th P.M., Buena Vista County, Iowa except the railroad right of way and except the 5.46 acre acreage in the Northwest corner.

FSA Information

Tracts 1 & 2 Combined
Cropland Acres: 151.90 acres
Corn Base: 76.60 acres  /  Corn PLC Yield: 170
Soybean Base: 73.20 acres / Corn PLC Yield: 46

Tract 3
Cropland Acres: 142.30 acres
Corn Base: 71.2 acres / Corn PLC Yield: 170
Soybean Base: 68.1  / Soybean PLC Yield: 46

Soils

Tract 1: Nicollet, Clarion, Webster, Waldorf
Tract 2: Webster, Nicollet, Clarion, Canisteo, Storden
Tract 3: Clarion, Canisteo, Nicollet, Webster, Waldorf, Okoboji, Hawick, Estherville

Surety/Agridata Avg

Tract 1 Avg. CSR2: 87.8
Tract 1 Avg. CSR1: 79.4

Tract 2 Avg. CSR2: 86.5
Tract 2 Avg. CSR1: 77.9

Tract 3 Avg. CSR2: 83.7
Tract 3 Avg. CSR1: 74 

Real Estate Taxes

Tract 1: $2,862
Tract 2: $3,060
Tract 3: $4,782

Method of Bidding

Successful bidder will have choice of tracts.

Terms

10% down day of sale. Balance due at closing on or before April 4, 2024. Farms will have an open lease for the 2024 crop season. Buyer will reimburse the tenant for any tillage and fertilizer expenses for 2024 at closing. Real estate taxes prorated to December 31, 2023. All final bids subject to seller approval.

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