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PUBLIC LAND AUCTION
71.98 Net Taxable Acres • Ringgold County, Iowa – Waubonsie Township
SATURDAY, MAY 31, 2025 • 11:00AM 

LOCATION OF AUCTION: ON THE FARM
DIRECTIONS TO FARM: From Mount Ayr, IA – Take Hwy 2 West for 3 miles, North on Hwy P33 for 1/2 mile. From Diagonal, take P33 South for 6.5 miles. Farm is on the West side of the road, watch for signs. 

 LIVE AUCTION W/ ONLINE BIDDING!

71.98 NET TAXABLE ACRES
FARM #1238- TRACT #593 
FARMLAND: 73.47
CROPLAND: 32.01
DCP CROPLAND: 32.01
TAXABLE ACRES: 71.98
TAXES: $760 ANNUAL
CORN BASE ACREAGE: NA        PLC YIELD: NA
BEAN BASE ACREAGE: NA        PLC YIELD: NA
TOTAL BASE ACREAGE: NA
CSRII: 54.2
PART OF SEC. 5-68N-30W, Ringgold Co, Iowa 

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 July 7,2025. 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: Buyer will receive possession once the purchase agreement is fully executed and the earnest deposit has cleared the trust account. AGENCY: Auctioneer Jake Rice & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients. 

AUCTIONEER’S NOTE: This multi-generational farm, currently in pasture with excellent opportunity to convert bottom into row crop. Highway frontage with good proximity to Highway 2 and multiple communities provides an excellent building opportunity with income potential. 

SELLER: SWANK FAMILY FARM

Rice Auction Company & Jim Hughes Real Estate
Jake Rice – Agent/Auctioneer 641-202-3315
Jim Hughes – Broker – 712-520-7300 

 www.RiceAuctionCompany.com 

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.