November 20, 2012 - 236.39 Acres of Sioux County, IA Farmland

Upcoming Public Land Auction

Of 236.39 +/–acres of Sioux County, IA. Settlers Twp.

Highly Productive Farmland and Excellent Pasture

Sold in Two Tracts

Tract 1: 86.88 Acres of  Farmland—Tract 2: 149.51 Acres of  Farmland And Pasture

Tuesday Nov. 20, 2012–Sale time: 10:30 A.M.

Location: From Mickels Corner/Little Chubs in Inwood, IA go 5 miles South on Hwy 18 to Blktop County Rd A-54/290^th St. then go approx. 4 1/2 miles West to South side of Tract 1, then continue West on Blktop-County Rd. A-54B to 280^th Street and go East on  280^th Street to North side of Tracts 1and 2. From 4 way stop in Rock Valley, IA. go 7 miles West on Hwy 18 to curve-  then continue 2 miles North on Hwy 18 to Blktop –County Rd. A-54B/290^th Street then go approx. 4 1/2  miles West to South side of Tract 1, Then continue West on on Blktop-County Rd. A-54B to 280^th Street and go East on  280^th Street to North side of Tracts 1and 2.  Auction Signs Will Be Posted!

Auction Held At Site Of Tract 1

Auctioneers note: We are honored to have been asked and appreciate the opportunity to offer at public auction this highly productive farmland and high quality pasture land for the John H. Joffer Rev. Trust & the Ruth E. Joffer Rev. Trust. As sellers have purchased another property they will offer at public auction this prime property. This attractive piece of farmland/pasture has been in this family for many years and represents a once in a lifetime opportunity. This land would make an excellent addition to anyone’s current farming operation or cow calf operation and a great investment! Make plans today to attend. Thank you, Mark.

Abbreviated Legal Description of Tract 1: Parcel E located in Section 8, Twp 97N, Range 48W of the 5^th P.M., Settlers Twp, Sioux County, IA. subject to public roads and easements of record.

General Description of Tract 1: This highly productive high quality 86.88 +–acre tract of farmland has according to the Sioux County FSA approx. 79.02 tillable acres with the balance in road, ditch. This farm has a corn direct yield of 130bu and a cc yield of 130bu and a soybean direct yield of 34bu and a cc yield of 34bu. Parcel E has a 20’ access easement in the southeast corner for access to Parcel D. The corn and soybean base of this farm is combined with another tract of land. The predominant soil types include: 116-Graceville, 27B-Terril, 108-Wadena and 33D2-Steinauer. This farm is enrolled in the Acre Program. This farm is classified as non-hel. This farm has a CSR rating of 63.9. If you are looking for a productive farm –make plans today to attend and add to your current operation.

Abbreviated Legal Description of Tract 2: Parcel D located in Section 8 & 9 Twp 97N, Range 48W of the 5^th P.M., Settlers Twp, Sioux County, IA. subject to public roads and easements of record.

General Description of Tract 2 This highly productive high quality farmland and pastureland consisting of 149.51 surveyed acres has according to the Sioux County FSA approx. 34.16 tillable acres with the balance in approx. 80 acres of pasture, and approx. 35 acres of hay land which has the possibility of being tillable farmland. This property has a stock pond in the pasture and also a well to provide water. Any future fencing required will be the expense of the buyer. This pasture is nestled in the hills northwest of Fairview SD and is an excellent producing tract of farmland and pasture. The corn and soybean bases are combined with another tract of land. The owner of Parcel D will grant a 20’ access easement to owner of Parcel E on the access road in the northwest corner of Parcel D. The predominant soil types include: 410B, 410C2 –Moody, 33G-Steinauer and 401E3 and 401D3-Crofton.  This farm is classified as HEL and has a conservation plan in effect. This farm has a CSR rating on the tillable acres of approx. 56.8. If you are looking for a productive pasture and excellent tillable farmland-this is a rare find and a once in a lifetime opportunity!

Taxes: According to the Sioux County Treasurer, the estimated taxes on Tract 1 would be approx. $1305.00per year. The estimated taxes on Tract 2 are $2095.00. Exact Taxes will be determined after the surveys are filed. Seller will pay the real estate taxes thru fiscal year ending June 30, 2012 and taxes payable in September 2013 for taxes thru Dec. 31, 2012.

Method of sale:  Tract 1 will be offered and remain sold, Tract 2 will then be offered and remain sold. Tracts 1 and 2 will not be combined.

Possession: Possession will be closing day.

Terms for Tracts 1 & 2:  Purchaser(s) will be required to pay a non-refundable 15% of the purchase price immediately following the auction and also enter into a purchase agreement with the remaining balance due and payable on closing day on or before Dec. 19, 2012 when the buyer shall receive a clear and merchantable title to the property. The farm is being sold as is as a cash sale with no finance contingencies. 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 the data provided. Any announcements made the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is being sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers. Buyers agree to accommodate sellers with a 1031 exchange.

John H. Joffer Revocable Living Trust—& Ruth E. Joffer Revocable Living Trust—owners

Maureen McGill Hoogeveen Sellers Attorney

Auctioneers:

Mark Zomer-712-470-2526   Darrell Vande Vegte 712-726-3428

Gary Vanden Berg-sales-712-476-5843     Joel Westra-605-310-6941

Joel Westra -605-957-5222    Pete Atkins 605-351-9847