Marshall County Online Only Land Auction 104 Acres M/L Offered in One Tract Tuesday, December 12th, 2023 3:00 PM Central ALL BIDS WILL BE ON A PRICE-PER-ACRE BASIS How to Bid? Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction, click REGISTER. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform. TO BID. From there you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions. Auction Method: The property will be offered as one tract. All bids will be on a price-per-acre basis. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours before the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction. Farm Program Information: Farm Program Information is provided by the Marshall County Farm Service Agency. 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 Marshall 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 the Peoples Company Trust Account. Closing: Closing will occur on or about Friday, January 26th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer. Possession: Possession of the farm will be given at Closing, Subject to Tenant's Rights. Farm Lease: The farm lease will be open for the 2024 cropping season. 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 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. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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 Auction Company. 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. Buyer should perform his/her investigation of the property before bidding during 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.
The farm is located in Section 35 of Marion Township in Marshall County, Iowa. Located in a strong farming community, the farmland tract includes 99.27 FSA tillable acres and boasts an impressive CSR2 soil rating of 88.9, surpassing the Marshall County average of 75. The high-quality soil types on this farm include Tama Silty Clay Loam and Downs Silt Loam. The farm is open for the 2024 cropping season. The farm has an exceptional location with a well-established driveway directly off paved County Highway E35 just east of Marshalltown, Iowa. Additionally, the location of this farm provides easy access to several grain marketing options including Key Cooperative (less than 5 miles south), Mid-Iowa Cooperative (just over 4 miles north), Village Cooperative in Marshalltown, and several other local grain marketing options in the area. ITC Midwest, LLC has an easement on 4.52 acres along the southern border of the property. Please see the attached map. There are plans in the near future to upgrade/modify this line. Please contact the agent for additional information on the easement and potential future compensation. This farmland tract would make for an outstanding add-on unit to an existing farm operation, a beginning farmer purchase, or an investor looking to diversify their portfolio. The farmland tract will be offered through a TIMED, ONLINE-ONLY auction. Bidding is currently LIVE and will remain open until Tuesday, December 12th, 2023, at 3:00 PM Central Time Zone (CST). If you are unable to bid online, accommodations can be made to participate in the auction by contacting the listing agents.