Upcoming Live Public Auction Of 124.5+/- Acres Of

Floyd TWP, Sioux County, IA Farmland

This Farmland Is Located Just East of Hospers, IA!

This IS A Great Tract Of Farmland With Excellent Soil Ratings!

This Farm Is Leased For The 2022 Crop Year & Buyer Will Receive The Full Rent For 2022 And Will Receive A Rent Subsidy From The Seller!

Location: From the intersection of B40 and Log Ave on the East Edge Of Hospers, IA go East on B40 (400th St) for 1 1/4 Mile to the Farm. Farm is located on the South side of B40 (400th St) and on the East side of Marsh Ave. Auction signs will be posted. Watch zomercompany.com for inclement weather!  Auction will be held at the site of the farmland!

Sale Date: March 23, 2022 @10:30 A.M.

Auctioneers Note: Our company is honored to have been selected by Virgil & Pam to offer for sale this excellent tract of farmland with excellent soil ratings! This farmland is in a great location! If you are looking to expand your current operation or for a great investment property then be sure to call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

Watch zomercompany.com in case of inclement weather!

zomercompany.com

Legal Description: The NW1/4 of Section 12, TWP 95N, Range 43W, Sioux County, IA EXCEPTING Parcel B AND Excepting Tracts in the N1/2 of thereof. This property will be surveyed prior to auction day.

General description: According to the Sioux County, IA assessor, this property contains 124.5+/- gross acres (To be adjusted after certified survey). According to FSA this farm contains approx. 122+/- tillable acres with the balance in road and ditch. This farm has a corn base of 73.23 acres with a PLC yield of 180bu. and has a soybean base of 34.41 acres with a PLC yield of 53bu. and a oats base of 2.68 acres with a PLC yield of 61bu. This farm is classified as NHEL. The predominant soil types include: 310, B-Galva, 133-Colo, 91, B-Primghar, 92-Marcus, 78B2-Sac. The average CSR1 is 69.7 and the average CSR2 is 93. This farm appears to have a good state of productivity and is well managed. This is a high quality farm in a great area! This farm has several thousand feet of drainage tile line installed! This farmland would make a great addition to your current farming operation or would make a great investment opportunity!!  Make plans today to attend this auction!!! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 from the current tenant and the seller will also be subsidizing the rent also. This is a great opportunity!

CLICK HERE TO WATCH VIDEO

Method of sale: The farm will be sold with the final bid price x the gross surveyed acres. This farm will be surveyed and the final bid price will be multiplied by the final gross surveyed acres. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $3,642.00 per year. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2023 due to the current farm lease. Buyer will receive the full rent for 2022 from the seller and seller will also be subsidizing the rent for 2022. Tenant has the right to bale stalks on the property.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 2, 2022 when the buyer shall receive a clear and merchantable title to the property. Penalties may apply should buyer delay closing. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. All buyers are encouraged to do buyers due diligence. Buyer is responsible to terminate the current lease prior to Sept 1. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. – Michael R. Bovee—Attorney for Seller.

Click Here To Download Booklet 

Virgil & Pam Solsma — Owners

Auctioneers:

Zomer Company

Mark Zomer – 712-470-2526 — Joel Westra Jr. –605-957-5222

 Gary Van Den Berg – 712-470-2068 — Blake Zomer – 712-460-2552

Darrell Vande Vegte – 712-470-1125 — Ryan Zomer – 712-441-3970

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.