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Tract 1

Tract Acres (Selling Multiplier) 160 +/- Acres

Tillable Acres: 157.59+/- Acres - Source: FSA 156

Taxable Acres: 157.27 +/- Acres

Brief highlights:

• 27,200 bu of grain storage
• Possible Solar farm project opportunity
• Outstanding soil quality

Improvements:

• 3.43 +/- Acres building site – Source FSA 156
• Buildings:
• 1978 Machine Shed 90 x 48                      
• 1997 Drying Bin 30x18 9,000 bu (Stirator Drying System)           
• 2001 Storage Bin 33x22 14,000 bu                            
• 1950 Grain Bin 18x16 2,100 bu                 
• 1950 Grain Bin 18x16 2,100 bu                 

 

Soil Types: Clarion loam, Nicollet clay loam, Webster Clay loam and Canisteo clay loam

Legal Description:  SE1/4 of Section Three, T-96-N, R-32-W

 

Location of land / Directions to farm: From Emmetsburg, IA travel two miles East on State Highway 18, three miles North on County Road N52(490^th Ave), 1/2 mile East on a gravel road (340^th St), farm is on the North side of the road.

Land Description: Almost all tillable with a building site including grain storage and machine shed located in the SE corner of the farm, level topography.

Zoning: Property is classified as Agricultural.

HEL & Wetland Designations: NHEL, Wetland determinations not complete.

Septic & Wells: Non active well located on acreage site

Tile: Partially tiled, No maps available

FSA Farm: #4249

FSA Tract: #1767

FSA Farmland Acres: 161.02

FSA DCP Cropland: 157.59

PLC Yield:

• Corn                         89.9 Base acres         PLC yield  176
• Soybeans                 66.5 Base acres         PLC yield  50
• Totals Base Acres 156.4

CSR2 Score: 84.7 (Surety)

Current Enrolment program: ARC-CO for Soybeans, PLC for Corn

Taxes: $5,148.00

 

 

 

 

 

 

Tract 2

Tract Acres (Selling Multiplier) 160 +/- Acres

Tillable Acres: 150.49 +/- Acres - Source: FSA 156

 Other Acres: 3.11 acres of small creek- Source: FSA 156

Taxable Acres: 155.28

Brief highlights:

• Outstanding soil quality
• Small Creek in farm provides great drainage

Improvements:

• 1.44 +/- Acre building site -Source FSA 156
• 1974 Machine Shed 52’ x 60’

 

Soil Types: Clarion loam, Nicollet clay loam, Webster Clay loam and Canitsteo clay loam

Legal Description: NW1/4 of Section Twelve, T-96-N, R-32-W

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Location of land / Directions to farm: From Emmetsburg, IA travel four miles East on State Highway 18, three miles North on a gravel road (510^th Ave), farm is located on the Southeast intersection of 510^th Avenue and 340^th St.

Land Description: Tillable, Level topography with a small creek proving great drainage access. Access to property from the North side, and the West side.

Zoning: Property is classified as Agricultural.

HEL & Wetland Designations: NHEL, Wetland determinations not complete.

Septic & Wells: No Septic and No Wells.

Tile: Partially tiled, No maps available

FSA Farm: #2667

FSA Tract: #2052

FSA Farmland Acres: 155.04

FSA DCP Cropland: 150.49

PLC Yield:

• Corn                         74.9 Base acres         PLC yield  185
• Soybeans                  74.8  Base acres         PLC yield  51
• Totals Base Acres 149.7

CSR2 Score: 83.3 (Surety)

Current Enrolment program:  ARC-CO for Soybeans, PLC for Corn

Taxes: $4,906.00

 

 

 

 

 

 

 

 

Tract 3

Tract Acres (Selling Multiplier) 160 +/- Acres

Tillable Acres: 154.68 +/- Acres (EST) Source: Surety maps

Taxable Acres 155.28 +/- Acres

Brief highlights:

• Grain Storage 42,100 bu (Est)
• Outstanding soil quality

Improvements:

2.79  +/- Acres building site – Source FSA 156

1922 Dwelling 1750 Sq Feet                     

1922 Garage 20x20                                  

1950 Hog House 26x50                                            

1920 Corn Crib 27x40                                              

1920 Corn Crib 18x32                                              

1998 Drying Bin 30x20 7,500 bu (Stirator Drying System)

1993 Storage Bin 36x19 10,000 bu            

1980 Storage Bin 27x18 7,500 bu

1950 Storage Bin 30x16 9,000 bu

1950 Storage Bin 24x18 6,000 bu

1950 Storage Bin 18x16 2,100 bu

Soil Types: Clarion loam, Nicollet clay loam, Webster Clay loam and Canitsteo clay loam

Legal Description: Tract #4: NE1/4 of Section Twelve, T-96-N, R-32-W

 

Location of land / Directions to farm:  From Emmetsburg, IA  travel five miles East on State Highway 18, three miles North on a gravel road (520^th Ave), farm is located in the Southwest intersection of 520^th Avenue and 340^th St.

Land Description: Tillable, Level topography with established drainage. Access from the North side, and the East side.

Zoning: Property is classified as Agricultural.

HEL & Wetland Designations: NHEL, Wetland determinations not complete.

Septic & Wells: Septic located on acreage. One working well and one abandoned well on acreage.

Tile: Partially tiled, No maps available

FSA Farm #2667

FSA Tract #2053

FSA Farmland Acres: 315.71 (Combined with Tract 4)

FSA DCP Cropland: 312.92 (Combined with Tract 4)

PLC Yield: (Combined with Tract 4)

• Corn                         156.2 Base acres         PLC yield  185 (Combined with Tract 4)
• Soybeans                  156.2 Base acres         PLC yield  51 (Combined with Tract 4)
• Totals Base Acres   312.4

CSR2 Score: 87.9 (Surety)

Current Enrollment program: ARC-CO for Soybeans, PLC for Corn

Taxes: $5454.00

 

 

 

 

Tract 4

Tract Acres (Selling Multiplier) 160 +/- Acres

Tillable Acres: 158.99 +/- Acres (EST) Source: Surety maps

Taxable Acres: 158.0 +/- Acres

Brief highlights:

• Outstanding soil quality
• Almost 100% tillable

 

Improvements: None

Soil Types: Nicollet clay loam, Webster Clay loam and Canitsteo clay loam

Legal Description:  SE1/4 of Section Twelve, T-96-N, R-32-W

Location of land / Directions to farm: From Emmetsburg, IA travel five miles East on State Highway 18, two and one-half miles North on a gravel road (520^th Ave), farm is located on the West side of the road.

Land Description: Tillable, level topography and gravel road access from the East side.

Zoning: Property is classified as Agricultural.

HEL & Wetland Designations: NHEL, Wetland determinations not complete.

Septic & Wells: No Septic, No Wells

Tile: Partially tiled, No maps available

FSA Farm #2667

FSA Tract #2053

FSA Farmland Acres: 315.71 (Combined with Tract 3)

FSA DCP Cropland: 312.92 (Combined with Tract 3)

PLC Yield: (Combined with Tract 3)

• Corn                         156.2 Base acres         PLC yield  185 (Combined with Tract 3)
• Soybeans                  156.2 Base acres         PLC yield  51 (Combined with Tract 3)
• Totals Base Acres   312.4

CSR2 Score: 86.9 (Surety)

Current Enrollment program: ARC-CO for Soybeans, PLC for Corn

Taxes: $5,220.00

 

 

 

 

 

 

 

 

Tract 5

Tract Acres (Selling Multiplier) 110 +/- Acres

Tillable Acres: 108.68 +/- Acres - Source: FSA 156

Taxable Acres: 106.67 +/- Acres (EST)

Brief highlights:

• Almost 100% tillable
• Highway access
• Outstanding soil quality

 

Improvements: None

Soil Types: Nicollet clay loam, Webster Clay loam and Canitsteo clay loam

Legal Description:  S1/2SW1/4 and NE1/4SW1/4 of Section One, T-96-N, R-31-W, except the building site

Location of land / Directions to farm:  From Emmetsburg, IA travel six miles East on State Highway 18, three miles North on County Road N60 (530^th Ave), four miles East on County Road B20 (340^th St), farm is located on the North side of the road.

Land Description: Tillable, level topography and highway access on south and gravel road access on west side.

Zoning: Property is classified as Agricultural.

HEL & Wetland Designations: NHEL, Wetland determinations not complete.

Septic & Wells: No Septic, No Wells

Tile: Partially tiled, No maps available

FSA Farm #4249

FSA Tract #3248

FSA Farmland Acres: 108.68

FSA DCP Cropland: 108.68

PLC Yield:

• Corn                         66.4 Base acres         PLC yield  176
• Soybeans                  39.7 Base acres         PLC yield  50
• Totals Base Acres   106.1

CSR2 Score: 85.3 (Surety)

Current Enrollment program: ARC-CO for Soybeans, PLC for Corn

Taxes: $3,162.00

 

 

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). Taxes: Real estate taxes will be prorated to closing.

Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property including the farmstead is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Farmers National Company.

Possession: Possession will be granted at closing or such other date agreed to by the parties. Subject to tenants rights under current lease agreement until March 1, 2021. Earnest Payment: A 15% earnest money payment is required on the day of the auction. The payment may be in the form of cash, cashier’s check, personal check, or company check. All funds will be deposited and held by the Buchanan Law Firm in their trust account.

Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate contract and deposit with Buchanan Law Firm the required earnest payment. The Seller will provide a current abstract of title at their expense. The cost of any escrow closing services will be equally paid by the Seller and Buyer(s). Sale is not contingent upon Buyer(s) financing. Closing: The sale closing will be January 14, 2021, or such other date agreed to by the parties. The balance of the purchase price will be payable at closing in cash, guaranteed funds, or by wire transfer at the discretion of Buchanan Law Firm.

Auction Sales: The real estate will be offered in five individual tracts or any combination (Bidders will be bidding as a price per acre multiplied by the multiplier for each tract.). High bidder may select any or all tracts remaining for sale. All bids are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. The real estate will sell in the manner resulting in the highest total price. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Farmers National Company and Seller. All decisions of the Auctioneer are final.

Approval of Bids: Final sale is subject to the Seller’s approval or rejection.

Agency: Farmers National Company and its representatives are acting as Agents of the Seller. Announcements: Information provided herein was obtained from sources deemed reliable, but neither the Auction Company nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by the Auction Company will take precedence over any previous printed materials or oral statements. The Auction Company and Seller reserve the right to preclude any person from bidding if there is any question as to the person’s credentials or fitness to bid.

Seller(s): Martini Farm Heirs Partition - Patrick Martini and John Forman (referees) Attorneys: Buchanan, Bibler, Gabor, Meis

Auctioneer: David Whitaker Online Simultaneous Bidding Procedure: The online portion of this auction begins on Thursday, October 1, 2020, at 10:00 AM. Bidding closes on Tuesday, November 17, 2020, at the close of the live auction.

To register and bid on this auction go to: www.fncbid.com All bids on the tract will be visible on-line, but the identity of bidders is confidential. See auction terms and conditions for minimum bid requirements and details.

Server and Software Technical Issues: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Farmers National Company reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Farmers National Company shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Important Statement: Farmers National Company and its agents take the responsibility to connect buyers and sellers very seriously. We also understand the prime importance of personal and public safety during the Covid-19 situation. Therefore, please be aware that allowable auction crowd size and procedures may change without notice based on directives by local, state and federal agencies. Please call the agent or check our website for any changes.

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