• Begins: 08/02/2023 10:00 AM

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 three tracts will be offered via Public Auction on a per-acre basis and will take place at 10:00 AM at the Traer Memorial Hall in Traer, Iowa. Tract 1 in Grundy County will sell first, and the remaining two tracts in Benton County will sell via the "Buyer's Choice" method on a price per acre basis at public auction. Once Tract 1 (Grundy County) has sold, the remaining bidders can take, in any order, Tract 2, 3, or both tracts for their high bid. 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: 178.4 Acres M/L Tract 2: 80 Acres M/L Tract 3: 35.5 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 Grundy & Benton 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 Grundy & Benton 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 Tuesday, December 5th, 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. Farm Lease: The properties are leased for the 2023 farm year. 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.

Grundy and Benton County, Iowa Land Auction - Mark your calendar for Wednesday, August 2nd, 2023 at 10:00 AM! Peoples Company is pleased to represent the Wayne G. Gray Estate in the sale of 293.9 acres m/l of prime Grundy & Benton County, Iowa farmland. All three farms carry top-producing clay loam soils and are located in the heart of some of the top farming areas in the Midwest. Tract 1 (Grundy County): 178.4 acres m/l with 173.62 FSA tillable acres m/l, currently there are 172.02 acres m/l in row crop production, carrying a soil rating of 85 CSR2. Tract 2 (Benton County): 80 acres m/l with 76.14 FSA tillable acres m/l carrying a soil rating of 91.2 CSR2. Tract 3 (Benton County): 35.5 acres m/l with 33.15 FSA tillable acres m/l carrying a soil rating of 93.9 CSR2. These premier, highly-tillable Grundy, and Benton County, Iowa farmland tracts would make for a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their investments. The farmland portfolio will be offered in three tracts. Tract 1 in Grundy County will sell first, the remaining two tracts in Benton County will sell via the "Buyer's Choice" method on a price per acre basis at public auction in the Traer Memorial Hall on Wednesday, August 2nd, 2023 in Traer, Iowa. Once Tract 1 (Grundy County) has sold, the remaining bidders can take, in any order, Tracts 2, 3, or both tracts for their high bid. 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. Legal Description The exact legal description is to be taken from the Abstract. Sign On Property: Yes Parcel Number: 881633400002; 871604200001; 62001550; 61004500 Online Bidding: Yes Auction Date: Aug 2, 2023 CSR2: 90.03