March 21, 2019 @ 10:30 A.M.--Live Farmland Auction Of 239.77 Acres Of Sioux TWP, Lyon County, IA To Be Sold In Three Separate Tracts!! Stepp Family Trust--Owners---Farm # 1 Sold For $11,400.00 Per Acre!!! Farm # 2 Sold for $9900.00 Per Acre!!! Tract # 3 Sold For $10,800.00 Per Acre!!!!!----Thanks to the large crowd in attendance!!!!!!!!!!!!!

Live Public Lyon County Iowa Farmland Auction

Of 239.77+/- Acres of Sioux Twp, Lyon County, IA. Prime Farmland To Be Offered In 3 Separate Tracts Located West Of Larchwood, IA & South & East Of Granite, IA Tract 1: 79.95 Acres—Tract 2: 79.96 Acres—Tract 3: 79.86 Acres

March 21,2019 @10:30 A.M.
Location: From the Larchwood Quick Stop in Larchwood, IA go 1 mile South on Broadway St. to 140th St. then go 5 1/4 miles West on 140th St. to Tracts 1 & 2 and then continue 1 mile West on 140th St to Arizona Ave then go ½ mile North on Arizona Ave. to Tract 3. Tracts 1 & 2 are located North of 140th St. and Tract 3 is located West of Arizona Ave.
Auction signs will be posted! Auction will be held at the site of Tracts 1 & 2.
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Auctioneers Note: We are extremely honored to have been selected by the Stepp Family to offer to the public this excellent farmland in Lyon County, IA!! This farmland has been in the Stepp family for generations! This land is very desirable and to have this kind of quality available for sale is a once in a lifetime opportunity to expand your current operation or to make a great investment for your future! These farms have been maintained with very high productivity, drainage tile and conservation practices with excellent long term tenants and are high caliber quality! Be sure to attend the auction and for questions please contact an auctioneer listed below!!

Abbreviated Legal Description of Tract 1: Parcel D in the SE1/4 of Section 29-100N-48W, Lyon County, IA. Subject to all public roads and easements of record

General Description of Tract 1: According to the survey this tract contains 79.95 gross acres. According to the survey this farm contains approx. 78.59 tillable acres with the balance in road/ditch and terraces. This farm has a corn & soybean base currently combined with the adjoining farmland with a PLC yield of 156bu. on corn and a PLC yield of 47bu. on soybeans. After farm is sold FSA will do a recon on the base/tillable acres. This farm is classified as NHEL & a small portion is UHEL. The predominant soil types include: 133-Colo, 410B2, C2-Moody, 710B, C2-Wentworth, 910, B-Trent, 430-Ackmore, 33D-Steinauer, 27B-Terril. The average CSR1 is 60.1 and the CSR2 is 69.8. This farm is an inside tract of farmland. Inside tracts of farmland of this caliber in this area are rarely offered for sale! This farm also has approx. 6,000+ ft of drainage tile installed since 2009. This farm will also include an older grain bin. This farm has been maintained with excellent fertility and a high concentration of manure. This farm is a great producer and would make a great addition to your current operation! Purchasers of Tract 1 & 2 will agree to sign a drainage tile line easement for adjoining property owner to the West of Tract 1 to maintain and repair and replace any existing tile lines for drainage purposes.

Abbreviated Legal Description of Tract 2: Parcel E in the SE1/4 of Section 29-100N-48W, Lyon County, IA Subject to all public roads and easements of record

General Description of Tract 2: According to the survey this tract contains 79.96 gross acres. According to survey this farm contains approx. 76.63 tillable acres with the balance in road/ditch and terraces. This farm has a corn & soybean base currently combined with the adjoining farmland with a PLC yield of 156bu. on corn and a PLC yield of 47bu. on soybeans. After farm is sold FSA will do a recon on the base/tillable acres. This farm is classified as NHEL. The predominant soil types include: 410B, B2, C2- Moody, 133-Colo, 910, B-Trent, 710B, C2-Wentworth, 33D-Steinauer, 37B-Alcester, 401C2-Crofton, 27B-Terril, 430-Ackmore, 31-Afton. The average CSR1 is 60.4 and the CSR2 is 67.7. This farm has approx. 2,100 ft. of drainage tile installed. This farm has been maintained with excellent fertility and a high concentration of manure. This farm is a great producer and would make a great addition to your current operation! Make plans today to attend this auction!! Purchasers of Tract 1 & 2 will agree to sign a drainage tile line easement for adjoining property owner to the West of Tract 1 to maintain and repair and replace any existing tile lines for drainage purposes.

Abbreviated Legal Description of Tract 3: Parcel E in the Fractional SW1/4 of Section 30-100N-48W, Lyon County, IA Sold Subject to 75’ Rural Water line easement and all public roads and easements of record.

General Description of Tract 3: According to the survey this tract contains 79.86 gross acres. According to FSA this farm contains approx. 77.29 tillable acres with the balance in road/ditch. This farm has a corn base of 45 acres with a PLC yield of 156bu. and a soybean base of 32.29 acres with a PLC yield of 47bu. This farm is classified as NHEL and this farm has been well managed with farmable terraces installed recently and is farmed in ½ mile rows. The predominant soil types include: 410B, B2, C2-Moody, 910B-Trent, 401D2, E2-Crofton. The average CSR1 is 60.3 and the CSR2 is 67.1. This farm has been maintained with excellent fertility and a high concentration of manure. This farm is a great producer and would make a great addition to your current operation! Make plans today to attend this auction!!

Method of sale: Bid price will be times gross surveyed acres. Auction will be held at the site of Tracts 1 & 2. Tracts 1 & 2 will be sold first with choice being offered of Tracts 1 or 2 until both are sold then Tract 3 will be sold.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $1,805.87 per year on Tract 1, approx. $1,806.10 per year on Tract 2 and approx. $1,754.00 per year on Tract 3. Seller will pay the 2018 taxes which are due and payable in March and Sept of 2019.

Possession: Possession will be on March 1, 2020. NOTE: Buyers will receive a very attractive rent for the 2019 crop year. Please contact auctioneers for details.

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 April 25, 2019 when the buyer shall receive a clear and merchantable title to the property. These farms are 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 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 statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. 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. Mike Austin–Attorney for sellers.

Stepp Family Trust–Owners

Auctioneers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-712-470-2068

-Blake Zomer-712-460-2552

Joel Westra-605-310-6941

Joel Westra Jr.-605-957-5222

Pete Atkins-605-351-9847