AUCTION DETAILS Wayne County Land Auction 264.01 Acres M/L Offered in Three Tracts Friday, February 3rd, 2023 at 10:00 AM Auction Location: Wayne County Fair Event Center 800 2nd Avenue Corydon, Iowa 50060 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 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: All tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, any or all tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all three tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction. Tract 1: 104.01 Acres M/L Tract 2: 76 Acres M/L Tract 3: 84 Acres M/L 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 Wayne 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 Wayne 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, March 17th, 2023. 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 available for the 2023 cropping season. 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. Surveys: A survey will be completed by the Seller. The farmland acres are subject to change after the survey has been completed, but prior to the auction. No additional surveying or staking will be provided by the Seller. 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. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made 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.
Wayne County, Iowa Farmland Auction - Mark your calendar for Friday, February 3rd, 2023 at 10:00 AM! Peoples Company is pleased to represent the John R. Knolke Revocable Trust in the sale of 264.01 total acres m/l located immediately northwest of Millerton, Iowa. This contiguous farm, located along the east side of paved Iowa Highway 14 and south of Uniform Street, will be offered in three tracts. These tracts offer a range of high quality tillable ground, hard-to-find pasture, and multiple building site locations combined with prime recreational opportunities for outdoor enthusiasts. Tract #1: 104.01 Acres M/L, 103.23 FSA tillable acres, CSR2 61.5. Tract #2: 76 Acres M/L, estimated 67.21 FSA tillable acres, CSR2 46.2. Tract #3: 84 Acres M/L, estimated 63.26 FSA tillable acres, CSR2 53.9 with a 48' x 72' (3,456 sq. ft.) machine shed. Utilities include an available 2" rural water line running along the east side of Iowa Highway 14 through the Rathbun Rural Water Association and electricity through Alliant/Interstate Power and Light along the west side of Iowa Highway 14 and the south side of Uniform Street. Tract #3 includes a 48' x 72' machine shed with a current rural water pit permitted for livestock use. The buyer should verify both the electric and rural water availability before bidding at the auction. The farm acres are subject to change based on the final survey. No additional surveying or staking will be provided by the Seller. The farm lies within the east half of Section 18 and the northeast quarter of Section 19 of Union Township in Wayne County, Iowa. The tracts will be sold as three individual parcels using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take any order, one, two, or all of the tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Virtual Online Auction option, where online bidding will be available. Here is a rare opportunity to purchase contiguous tracts of Southern Iowa farmland, pasture, and recreational land within a short drive from Corydon, Chariton, or Knoxville!