Description

Central States Agency is pleased to be selling the farmland currently owned by Sherry and Paul Schaumburg at public and online auction. These farms will make a great addition to your farming operation or Iowa land holdings.="msonormal">

Auction Location:
Ledyard Community Building, 220 Edmunds Street, Ledyard, IA 50556="msonormal">

Tracts of Land to be sold:
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Tract 1: 89 Acres M/L - Section 2, Ledyard Township, Kossuth County, Iowa
Tract 2: 29 Acres M/L - Section 27, Springfield Township, Kossuth County, Iowa

To register and bid online this auction: BID ONLINE

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Tract 1 Information:

Legal Description: ="msonormal">W1/2 NW1/4 Section 2 T99N-R28W of the 5th PM. Kossuth County, Iowa. Excludes 3 acre tract in NE corner.

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Acres:
="msonormal">29 Acres M/L
28.74 Tillable Acres, estimated

CSR2:  81.30

Major Soil Types:  Nicollet, Harps, Okoboji, Clarion
No HEL / Tract does not contain wetland

Real Estate Taxes:  $668; taxes will be prorated to possession.

Subject to 2022 crop lease on farm. Sellers will credit $35/acre at closing for cash rent. Buyer will receive 2022 cash rent from current tenant.

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SOLD AT AUCTION 12/8/21: $12,000/acre (29 acres)

 
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Method of Sale:

• Parcels will be offered as two individual tracts of land.

• To be sold at public and online auction

• Seller reserves the right to refuse any and all bids

Terms of Possession:
10% down-payment required the day of sale. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase on or before December 23, 2021 or after any objections to title have been cleared. Final settlement will require certified check or wire transfer. Possession will be given at settlement. Taxes will be prorated to possession. Subject to 2022 crop lease on farm. Sellers will credit $35/acre at closing for cash rent. Buyer will receive 2022 cash rent from current tenant.

Online Bidding:
The online portion of this auction begins on Wednesday, December 1 2021, at 10:00 AM. Bidding closes on Wednesday, December 8, 2021, at the close of the live auction.

To register and bid online this auction: BID ONLINE
** You can also view this auction without registering if you do not wish to bid on the auction. Follow the link above anytime after 9AM (CST) the morning of the 12/8/21, and you will see a 'VIEW ONLY' link available. No registration needed.

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