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|Address: 21 - 72 - 37, Montgomery County, Stanton, IA 51573
Acres: 158 acres
ABSOLUTE FARMLAND AUCTION
158 Acres m/l, Montgomery Co, IA
Saturday, February 24, 2018 10:00 am
Sale Site: Stanton Community Room, 205 Broad Ave, Stanton Iowa, 51573
Go to www.rubeyrealty.com to see maps & pictures
Farm Description: This income producing farm has cropland and CRP income (currently $20,219/year). With the Little Tarkio Creek running north/south through the property and a timber along the south boundary, the farm also offers lots of hunting and recreational possibilities.
Farm Location: 3 miles north of Stanton, Iowa on paved road O Ave (M-63), then ½ mile west on 190th Street to northeast corner of farm. Farm lies on the south side of 190th Street.
Legal Description: NW ¼, Section 21, Township 72 North, Range 37 West of 5th PM, Montgomery County, IA
Taxable Acres: 158 Crop Acres: 111.61 Gross Taxes: $3874/year ($24.51/acre)
CSR: 61.8 (estimated on crop acres per Surety map) CSR2: 62.3 (estimated on crop acres per Surety map)
Conservation Plan: corn/soybean rotation using conservation tillage. Copy of plan can be requested.
Buildings: none Wells: none Septic: none Terraces: 3200 feet (estimated) Fence Rule: assume RHR
Rental Status: 78 crop acres are leased for 2018 @ $200/acre = $15,600/year
GENERAL USDA FSA INFORMATION:
DCP Cropland: 111.61 acres Effective DCP Cropland: 85.05 acres
Corn Base: 57.3 acres PLC Corn Yield: 138 bu/acre
Bean Base: 12.9 acres PLC Bean Yield: 51 bu/acre
CRP: 5.7 acres @ $245.28/acre = $1378/year until 09/30/2027; 20.9 acres @ $155.08/acre = $3241/year until 09/30/2021 Note: buyer will receive all 09/30/2018 CRP payments
Terms: CASH with 10% down sale day, to be held in Broker’s Trust Account with balance due by wire transfer or approved cashier’s check at closing. This is a cash sale and is NOT contingent on buyer financing.
Closing: Closing and possession will be on or before March 21, 2018 at Rubey Realty’s office at 1000 N Broadway, Ste. 1, Red Oak IA. Seller agrees to cooperate if buyer is doing an IRS 1031 Exchange.
Title: Seller will provide an updated abstract showing merchantable title. Sale of property is subject to all easements of record and subject to tenant’s lease.
Inspection: Buyers should inspect property prior to the auction. Inspection period ends at the beginning of the auction. Agency: Rubey Realty and its representatives are SELLER’S agents.
Attention Bidders: Information in this bill was collected from sources deemed reliable. Auctioneers and sellers assume no responsibility for its accuracy. Bidders are advised to do their own research before the auction. Announcements on sale day take precedence over all other advertising. Property sells “AS IS”.
James R. Commers Revocable Trust, Owner
Clint Rubey/Associate Broker & Auctioneer (cell 712-370-5845)
Website: www.rubeyrealty.com Email: email@example.com
|Contact: Clint Rubey