Land for Auction in Sac City, Iowa

BRIEF LEGAL DESCRIPTIONS FARM 1: N1/2 SW1/4, Section 24, T89N, R35W 5th P.M., Sac County; FARM2 : S1/2 SW1/4, Section 24, T89N, R35W 5th P.M., Sac County, Iowa. (Douglas Township) GENERAL DESCRIPTION & METHOD OF SALE 156 Net taxable acres of highly productive, well located Sac County, Iowa farmland: FARM 1: North 79 net taxable acres with a CSR2 on tillable acres of 86.1 Sales price will be high bid times 79. Farm 1 has approximately 54.84 tillable acres 19.3 currently enrolled in CRP program paying $300/acre. Farm 1 also 5 acres enrolled in a Prairie Pothole program with the Sac County NRCS office that is paying $381.55/Acre and expires on December 31, 2027. FARM 2: A 77 net taxable acres w/ CSR2 on tillable acres of 87.2. Sales price will be high bid times 77. Farm 2 has approximately 66.74 tillable acres and 10.5 acres enrolled in CRP program paying $300/acre. CRP contract on both farms expires on September 30, 2031. FSA DATA (whole farm): 155.09 cropland acres with 125.29 effective cropland acres. The corn base is 62.65 acres with a PLC yield index of 163. The soybean base is 62.64 acres with a PLC yield index of 45. The whole farm has 29.8 acres enrolled in CRP program paying $300/acre and expires on September 30, 2031. The Seller will assign their right to the CRP contract and Buyer agrees to enter into a successor in interest agreement to the CRP contract The current real estate taxes amount to: Farm 1: $2,698/yr; Farm 2: $2,640/yr; The high successful bidder will have choice of Farm 1 or Farm 2, in the event the high bidder selects both Farms the sale is over. If the high bidder selects 1 farm, it will be marked as sold with the remaining Farm being sold. They will not be recombined or reoffered in any way. TERMS OF SALE Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before March 15, 2026. Possession will be given upon closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Sellers in this real estate auction. The property is being sold as-is, where-is. Any announcements made day of sale will supersede any advertising.