515-993-4159 d_auction@hotmail.com

160 Acres of Prime Farmland Mon Aug 20th Redfield

August 20, 2018 @ 10:00 am
1116 Thomas St
Redfield, IA 50233

Monday August 20, 2018

10:00 a.m.

Redfield Legion Hall

1116 Thomas St., Redfield, Iowa

Location of Land from Redfield: 3 ½ miles north on El Paso Ave. (P46) to 265th PL. 1 /4 mile east, north side of road

General Description: Offering 160 acres more or less Non Highly Erodible Land, located in Section 13 of Linn Plat, Dallas County Iowa. FSA reports 152.71 acres cropland. The average CSR2 rating is 88.6!

FSA 156 Farm Record:

Corn Base: 76.35 Corn Yield: 149 Bean Base: 76.35 Bean Yield: 45

Predominate Soil types: Nicollet loam, Clarion loam & Canisteo clay loam

CRS2 Rating: 88.6

Net Taxes: $3,782.00

Nothern Natural Gas Lease: 2018 lease payment is $21.85 per acre with increase in payments of .35 per acre per year. In addition, $850 per acre is paid on 13.09 acres for well sites and access roads into well sites. Total annual 2018 payment was $14,622.50 and will be prorated to buyer.

Terms of Sale:
Cash, 10% down payment day of auction with balance due on or about September 20,1018. No Contingencies. Land sold subject to Tenants Rights. Land is currently under 5 year lease with 3 years remaining thru 2021. 50/50 crop share.

Auctioneer’s Note:
This is an opportunity for the investor or farmer to purchase at Public Auction 160 acres of PRIME IOWA Farmland! With the county Corn Suitability average at 75.6, this above average land is at 88.6! In addition, the Northern Natural Gas lease pays approx. $15,000 annually.

Kenneth R. (Buck) Borst, Seller

Chad Daugherty ~ Owner/Auctioneer~ Kelly Daugherty ~ Auctioneer North River Realty, Mike Bobst Broker

Sam Braland, 115 E. First St. Earlham Ia., Closing Attorney Adel, Iowa (515) 993-4159 ~ d_auction@hotmail.com

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