AUCTION DETAILS Guthrie County, Iowa Land Auction 120 Acres M/L Thursday, August 25th, 2022 at 10:00 AM Seller: Milo Rees Revocable Trust & Sophia Rees Revocable Trust Auction Location: Guthrie Activity Center 209 State Street Guthrie Center, Iowa 50115 Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/ Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the Guthrie Activity Center, 209 State Street, Guthrie Center, Iowa 50115. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Farm Program Information: Farm Program Information is provided by the Guthrie 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 Guthrie 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 Peoples Company’s Trust Account. Closing: Closing will occur on or before Friday, October 14th, 2022. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights. Farm Lease: The farm is leased for the 2022 cropping season and Seller will retain all 2022 farm income. Contract & Title: Immediately upon 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. Sale is not contingent upon Buyer financing. Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary. Surveys: A survey will be completed by the Seller on the northwest corner of Parcel 0000944500. The farmland tract acres are subject to change prior to the auction. No additional surveying or staking will be provided by the Seller. 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. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. 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 Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. 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 own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.
Guthrie County, Iowa Farmland Auction - Mark your calendar for Thursday, August 25th, 2022 at 10:00AM! Peoples Company is pleased to be representing the Milo Rees Revocable Trust & Sophia Rees Revocable Trust in the sale of 120 acres m/l located southeast of Guthrie Center, Iowa. This farm consists of a total of 120 acres with 113.85 FSA tillable acres carrying a CSR2 rating of 80.2. Currently, there are 111.92 acres being farmed with Colo silt loam as the primary soil type. There is over 36,740 linear feet of 5", 6" , and 8" drainage tile installed on the southern portion of the farm (See attached Tile Map; includes 25,342 linear feet installed during fall 2016). A survey is in progress on the northwest corner to separate the small portion of pasture from the farmland. The farmland acres are subject to change prior to the auction. The farmland will be offered as a single tract on a price per acre basis through a traditional auction. The Public Auction will take place on Thursday, August 25th at 10:00 AM at the Guthrie Activity Center, 209 State Street, Guthrie Center, Iowa 50115. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.