Here is your opportunity to add to your farming operation or land portfolio. This row crop land is located south of Sigourney on Highway 149 and offers a 64.5 CSR2 rating. Bid your price online! Seller: Jeffery Kuntz Farms LLC. For information contact Mason Holvoet of Steffes Group at 641.423.1947 or 319.470.7372.

KEOKUK COUNTY IOWA LAND AUCTION

Sigourney, IA
Located 3 ½ miles south of Sigourney on Highway 149.

Bidding Opens: Friday, December 23rd  
Bidding Closes: Friday, December 30, 2022 at 4PM

141 Acres M/L – Sells in 1 Tract 

Auctioneer’s Note:  Here is your opportunity to add to your farming operation or land portfolio.  This row crop land is located south of Sigourney on Highway 149 and offers a 64.5 CSR2 rating.  Bid your price online!

Drone Video Coming Soon!

141 Acres M/L – (Subject to final survey)
Approx.: 134 tillable acres of which 6.18 acres are in CRP as follows:

6.18 acres X $208.00 = $1,285.44 and expires on 9-30-2028.
Corn Suitability Rating 2 is 64.5 on the tillable acres.
Located in Section 26, West Lancaster Township, Keokuk County, Iowa.
Anhydrous has been applied this fall, no expense to the Buyer.
View FSA 156 EZ form
View FSA Field Map
View CRP Contract
View Soil Map

Terms: 10% down payment on December 30, 2022. Balance due at final settlement with a projected date of February 13, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of February 13, 2023.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Tax Parcels: WLTOS-030900, WLTOS-031000, WLTOS-030800, Part of WLTOS-030700, Net – $3,617.00 (Approx.)

Special Provisions:

  • This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
  • If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
  • Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
  • Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
  • It shall be the obligation of the Buyer to report to the Keokuk County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. CRP Prorate.  D. Final tillable acres will be determined by the FSA office, as field lines overlap tract lines.
  • Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the Buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agrees to indemnify and hold harmless the Sellers for any recovery sought by the FSA due to actions of Buyer, which would violate the requirements of the CRP. In the event the Buyer elects to take the ground out of CRP, the Buyer will be responsible to the Seller for any prorate of the CRP payment that the Seller would have received.
  • Land will be sold by the acre with gross surveyed acres being the multiplier. In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, then adjustments to the final contract price will be made accordingly at closing.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
  • The Buyer shall be responsible for any fencing in accordance with state law.
  • The Buyer shall be responsible for installing his/her own entrances if needed or desired.
  • If in the future a site clean-up is required, it shall be at the expense of the Buyer.
  • All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
  • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
  • The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate.
  • All drawings, lines and boundaries are approximate and subject to final survey.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.
 

Seller:  Jeffery Kuntz Farms LLC
Travis J. Schroeder of Simmons, Perrine, Moyer, Bergman PLC – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 641.423.1947 or 319.470.7372

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