Mitchell County, Iowa Land Auction – Mark your calendar for Thursday, December 3rd, 2020! Peoples Company is pleased to be representing Briar Cliff University in the sale of 112.71 total acres m/l located just southeast of Osage, Iowa. The farmland will be offered via Public Auction as one tract and will take place at 10:00 AM at the CRC Events Center in Osage, Iowa.
The farm consists of 107.38 FSA tillable acres carrying a CSR2 of 77.8. High-quality soil types include Franklin & Waubeek silt loam. This farm has been professionally managed instilling conservation practices that have been actively applied by the current farm tenant, including extensive dirt work reshaping and seeding waterways. The field has great access off paved Orchard Road with several competing grain marketing options located nearby. The property is located in Section 7 of West Lincoln Township in Mitchell County, Iowa. Farm lease is open for the 2021 crop season.
All that part of the East Half (E 1/2) of the Northwest Quarter (NW 1/4) of Section Seven (7), Township Ninety-seven (97) North, Range Sixteen (16), West of the 5th P.M.,Mitchell County, Iowa lying and being East of the right-of-way of the Illinois Central Gulf Railway; and the West Half (W 1/2) of the Northeast Quarter (NE 1/4) of Section Seven (7), Township Ninety-seven (97) North, Range Sixteen (16) West of the 5th P.M., Mitchell County, Iowa, EXCEPT a parcel described as commencing at the Southeast corner of the Southwest Quarter (SW 1/4) of the Northeast Quarter (NE 1/4) of said Section Seven (7), thence North 378 feet, thence West 585 feet, thence South 378 feet, thence East 585 feet to the point of beginning. Exact legal to be taken from the abstract.
FSA Cropland Acres: 107.38
Corn: 57.70 base acres with a PLC Yield of 136
Soybeans: 41.10 base acres with a PLC Yield of 39
From Osage, Iowa: Travel east on Main Street until reaching Orchard Road. Turn right (south) on Orchard Road for 3.7 miles. The property will be situated on the west side of Orchard Road marked with a Peoples Company sign.
Mitchell County Land Auction
112.71 Acres M/L
Offered in One Tract
Thursday, December 3rd, 2020
Seller: Briar Cliff University
CRC Events Center
1006 Chestnut Street
Osage, Iowa 50461
COVID-19 Auction Guidelines
To follow CDC guidelines and accommodate proper social distancing, Peoples Company will be offering multiple methods of bidding for this auction.
In-person bidding: 50% capacity will be allowed at the CRC Events Center in Osage at one time. Social distancing will be practiced by all parties required to stay a minimum of 6 feet apart.
Online bidding: Register to bid at https://peoplescompany.bidwrangler.com/
Phone bidding: Contact Chase Duesenberg at 641-529-0562 at least 48 hours prior to the auction to get registered as a phone bidder.
Auction Method: The land will be sold as one individual tract on a price per acre basis.
Farm Program Information: Farm Program Information is provided by the Mitchell County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Mitchell County FSA and NRCS offices.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.
Closing: Closing will occur on or before Thursday, January 14th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.
Possession: Possession of the farm will be given At Closing, Subject to Farm Tenant's Rights.
Farm Lease: The farm lease has been terminated and will be "open" for the 2021 crop year.
Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. The buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the abstract.
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