Johnson & Linn County, Iowa Land Auction 232.84 Acres M/L (Offered in two tracts) Wednesday, December 6th, 2023 at 10:00 AM Auction Location: Tin Roof Hideaway Event Center 1003 N Washington Street Lisbon, IA 52253 Seller: Conklin Farms LLC Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. 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. Auction Method: The two tracts will be offered via Public Auction and will take place at 10:00 AM at Tin Roof Hideaway Event Center in Lisbon, Iowa. The two farmland tracts will be sold on a per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one or all two tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. Tract 1: 122.84 Acres M/L Surveyed Tract 2: 110 Acres M/L Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number 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 Johnson & Linn 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 Johnson & Linn County FSA and NRCS offices. Earnest Money Payment: A 10% earnest payment is required on the auction day. 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 before Friday, January 19th, 2023. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers. Possession: Possession of the land will be given at Closing, Subject to Tenant's Rights. Full possession will be granted on March 1st, 2024. Farm Lease: The farm is leased for the 2023 crop season. The lease will be open for the 2024 crop 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. 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. 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. 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 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. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. 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. 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 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 the abstract.
Johnson & Linn County, Farmland Auction - Mark your calendar for December 6th, 2023 at 10:00 a.m. Peoples Company is pleased to offer 232.84 acres m/l at Auction in two separate tracts near Sutliff, IA. The LIVE auction will be held at the Tin Roof Hideaway & Event Center in Lisbon, IA. The farms have been farmed organic since 2016 giving them the Certified Organic stamp of approval. Between both tracts, there are 133 certified organic acres m/l by Iowa Organic Certification Program. Both tracts are very diversified from the standpoint that they are both located only a half mile off pavement allowing for great building site potential overlooking the picturesque hills of Johnson & Linn County, IA. The recreational component of these farms is second to none including great habitat and bedding to hold whitetail deer, turkey & pheasants. If you have been looking for that perfect combination farm offering great income with excellent hunting, look no further. Tract 1: 122.84 surveyed acres containing 84.68 tillable acres m/l carrying a CSR2 value of 38. Tract 2: 110 acres m/l containing 70.36 tillable acres m/l carrying a CSR2 value of 47.2. The tracts lie just South of Lisbon & Mt Vernon, IA off Sutliff Road. Both tracts are roughly a quarter mile off of pavement. Of the 232.84 Acres m/l, there are 155.04 open acres m/l in organic soybean & alfalfa production this year. Tract 1 is located in Section 1 of Cedar Township. Tract 2 is located in Section 35 of Franklin Township, as well as, Section 2 of Cedar Township. Do not miss your chance to own these uniquely diverse Johnson and Linn County Farms. *The Round Bales on Tracts 1 & 2 will be removed by March 1st. **On Tract 2, the grain storage bins will be removed and relocated by October 1st, 2024.