November 9, 2012 - 105.98 Acres of Lyon County, IA Farmland

105.98+/–Acres of Prime Lyon County, IA Farmland to be offered at:

Public Auction

Friday Morning November 9, 2012

Sale time: 10:00 A.M.

Location: from the east watertower (Junction of Hwy 9 and Blktop K-52) in Rock Rapids, IA. go 1 mile north on Harrison Ave. (Blktip K-52), 1 mile east on 140^th St. and ¾ mile north on Hickory Ave. (Auction to be held at this location.)

General Description: This is an extremely high producing 105.98 +/–acres that is nearly all tillable with the exception of less than ½ of an acre of roadway. This farm has been in a corn/soybean rotation for many years and has an excellent fertility. This is an attractive tract of farmland has it is an inside 105.98+/–acres that is 925 feet wide by 1 mile long. The predominant soil types are Galva, Primghar and Marcus. The average CSR (corn suitability rating) for this farm is 75.3. This farmland tract has been surveyed.

Legal Description: Lot 3 of the North ½ of Section 26, Twp 100N, Range 45 (Riverside Twp) Description of Lot 3: Beginning at a point 850.03 ft South of the Northwest corner of Section 26, Twp 100N, Range 45W of the 5^th P.M. Thence East 5,298.70 ft., thence South 925.00 ft. (along the line fence), thence West 5,300.73 ft., thence North 408.77 ft to the point of beginning and containing 105.98 acres.

Farm Service Agency Information. According to the Lyon County Farm Service Agency (FSA) this farm has 104.2 acres in current production with the balance in roadway. The Corn Base is 52.3 acres with a direct yield of 110 bu per acre and a cc yield of 141 bushels per acre. The Soybean Base is 51.9 acres with the Direct Yield of 38 bushels per acre and a cc yield of 46bu per acre. This farm is classified as non-HEL.

Taxes: The current Real Estate taxes are $2956.00 per year. The real Estate taxes will be pro-rated to date of possession.

Possession: Possession will be given on Dec. 10, 2012. The current Lease that expires on March 1, 2013.

Terms: 10% down payment is required immediately following the auction. The balance is due and payable on Dec. 10, 2012 when the buyer will receive clear and merchantable title to the property. Sale of land is subject to confirmation of the sellers. Any announcements made the day of auction will supersede any written advertisements.

Note: To receive information on the farmland, please contact the auctioneers listed below.

James B. Buckley Estate-owners

Paul Kippley –Attorney for the Estate

Auctioneers:

Clark Ahders-712-470-4700

Mark Zomer-712-470-2526