Public Land Auction
February 25 @ 10:30 am - 9:00 pm
PUBLIC LAND AUCTION
274 ACRES | ORIENT TWP, ADAIR COUNTY IA
THURSDAY, FEBRUARY 25TH @ 10:30 AM
Location of Auction: Orient Fire Station, 118 Broad St, Orient IA 50858
Directions to the farm: From Orient, IA head north on Pinewood Avenue and the farm will be along the west side of the road. Signs will be posted.
FARM IS LOCATED 1 MILE NORTH OF ORIENT, IA
AUCTIONEER’S NOTE: Excellent investment opportunity. CRP annual payment of $14,171.00 through 2030, and 2021 wind turbine payment of $33,358.35 which increases 2% per year with final payment in 2043.
• 140 +/- ACRES ROW CROP TO FARM
• 93.23 +/- ACRES CRP THROUGH 2030
• INCOME FROM 3 WIND TURBINES
• 4 ACRE LAKE W/ PICNIC SHELTER
• 50X72 MACHINE SHED, 1/3 CONCRETED
FARM #4816 TRACT #1228
DCP CROPLAND: 143.42
NET TAXABLE ACRES: 274
TAXES: $5,302 / $19.35 PER ACRE
CORN BASE ACREAGE: 143.42
CRP CROPLAND: 93.23
PLC YIELD: 100
BRIEF LEGAL: PART OF SEC. 9 -T74N-R31WREQUEST A PACKET FOR FARM/ WINDMILL LEASE INFO!
METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres. TERMS: 10% down day of auction with balance due at closing on or before March 25, 2021. Abstract will be provided. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing. Subject to tenants rights. Farm is not rented for the 2021 crop year. AGENCY: Auctioneer Jake Rice & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.
DISCLAIMER: Announcements made by the auctioneer at the time of sale will take precedence over any previously printed material or any other statements made. All information contained in the brochure and all related materials are subject to terms & conditions outlined in the agreement to purchase. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent investigations, inspections, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy or omissions is assumed by the seller or the auction company. All sketches & dimensions in this brochure are approximate & have been estimated based on aerial photographs. Conduct of the auctions increments of bidding are at the direction & discretion of the auctioneer.
SELLER: METZGER LAND CORP LTD
AUCTIONEER/AGENT: JAKE RICE
AGENT: ADRIAN WOLFE
BROKER: JIM HUGHES