December 8, 2010 - 74.47 Acres of Lyon County, IA Farmland

UPCOMING LYON COUNTY FARMLAND AUCTION

OF 74.47 ACRES IN SECTION 1, CENTENNIAL TWP.

WEDNESDAY DECEMBER 8, 2010—SALE TIME: 10:30 AM

***Sale held at site of land***

LOCATION: From the SE end of Larchwood IA go approx. 1 mile South on Hwy 182 to 150^th St. then go 1 ¾ mile West to beginning of land or from Mickels corner in Inwood, IA. go 9 miles North on Hwy 182 to 150^th St. then go 1 ¾ miles West. Auction to be held at site of land. Auction signs will be posted!!

Auctioneers note: Offered at auction will be the Ferdinand Kerkvliet Revocable Trust farmland. This land includes approx. 38.8 tillable acres with the balance in pasture and waterways, acreage site, road and ditch. There are also 3 buildings on this property for machinery storage etc. As the land market in NW Iowa continues to be very strong—Don’t miss this opportunity!! Make plans today to attend.

Legal Description: The W ½ of the Fractional NW ¼ of Section 1, Centennial, TWP 99N, Range 48W, Lyon County, IA., except Lot 2,–also sold subject to any public roads and any/all easements of record. The owner of Lot 2 has an easement to well and electrical meter on property offered for sale.

General Description: According to survey, this tract of land contains 74.47 gross acres. The predominant soil types of this farm include: Moody silty clay loam, Crofton silty clay loam and Steinhauer and various other soil types. According to the Lyon County FSA, this tract contains approx 40.7 tillable acres with the balance in pasture, waterways, building site and road and ditch etc. This farm has an average corn suitability rating of 49.6 on the tillable acres and 46.7 for the entire farm. This farm is classified as highly erodible and has a conservation plan in effect. The buildings on this property include an approx. 28 x 56 machine shed, 24 x 64 building and also an approx. 28 x 56 cattle shed. The site also includes 2 older grain bins. This farm has a  corn base of 29.4 acres and a direct and cc yield of 96 bu. on corn. This farm has a soybean base of 10.0 acres and a direct and cc yield of 36 bu.on soybeans. This farm appears to be well maintained and in a good state of productivity. If you are looking for some farmland and pastureland to add to your current operation or a great property for recreational purposes–make plans today to attend. This farm is very scenic with its rolling hills.

Taxes: According to the Lyon County Treasurer, the current Real Estate taxes are $814.00 per year. The sellers will pay the 2010 taxes due in the Spring and Fall of 2011.

Method of Sale: This farmland and building site will be offered as 74.47 acres as one unit.

Possession: Possession of property will be March 1, 2011–due to existing farm lease. All gates, fencing, headgate, feed bunks and personal property are owned by current tenant. Immediately following land, auction tenant will offer at auction approx. 100 ft. of cement fence line feed bunks for sale at auction..

Terms: Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also agree to enter into a purchase agreement with these terms and will agree to pay the remaining balance on closing day on or before January 28, 2011 when the buyer shall receive a clear and merchantable title to the property. The farm and buildings and grain bins are being sold as is with all defects as a cash sale with no finance contingencies. Abstract will be continued to date and paid for by the sellers.  Auctioneers and RE Brokers are representing the sellers in this transaction. The land is being sold subject to the confirmation of the sellers. All information is deemed reliable, but all prospective buyers are encouraged to inspect the property and verify any/all data. All announcements made day of auction will supersede any advertisements. For more information or an auction booklet—contact one of the auctioneers listed below.

FERDINAND KERKVLIET REVOCABLE TRUST—OWNERS

AUCTIONEERS AND RE BROKERS

Mark Zomer—712-470-2526

Darrell Vande Vegte-712-726-3428

Clark Ahders—712-470-4700

Gary Van Den Berg-sales-712-470-2068