October 25, 2011 - 120 Acres of Sioux & Lyon County, IA Farmland - Sold for Tract 1-$11,600.00-Tract 2-$13,000.00

Sioux and Lyon County Farmland At Auction

80+/– acres of Sioux County Farmland

40+/–acres of Lyon County Farmland

Tuesday Oct. 25, 2011

Sale Times: 10:30 A.M. –Sioux County Farmland—Tract 1

1:30 P.M.—Lyon County Farmland—Tract 2

Locations: 80 acre parcel—from Pump n Pak in Rock Valley, IA. go 4 miles North on Blktop K30/ Elmwood Ave. to 270^th St. then go 3 ½ miles West on 270^th St. to beginning of land. 40 acre parcel -from Mickels Corner in Inwood, IA. go 2 miles South on Hwy 182 to A50/260^th St, then go 2 ¾ miles West to beginning of land.

AUCTIONEERS NOTE: We are honored to conduct this auction for the Niemeyer family. These “Prime” farms have been in the Niemeyer family for many years and is truly a once in a lifetime opportunity. If you are looking for a piece of farmland to add to your current operation or as an investment — Make plans today to attend!!

Legal Description of Tract 1(sold at 10:30 A.M. at site of land): The W ½ of the NW ¼ of Section 2, Sioux Twp, 97N, 47W, Sioux County, IA.-

.General Description: Selling will be 80+/– acres of Farmland according to the Sioux County assessor. According to the Sioux County FSA, this farm contains 77.2 tillable acres. The farm has road on 2 sides. This farm has an average CSR rating of 61.8. This farm is classified as non-HEL. The predominant soil types are: 410B, 410B2, 410C2-Moody silty clay loam, 8B-Judson silty clay loam, 467-Radford silt loam, 11B-Radford-Judson complex and 401C3-Crofton silt loam. This farm has a corn base of 38.6 acres with a direct yield of 106 and cc yield of 117bu. This farm has a soybean base of 38.6 acres with a direct yield of 30 and cc yield of 36 bu. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation.

Method of Sale: This farm will be offered as one tract of 80+/– acres.

RE taxes: According to the Sioux County Treasurer, the current RE taxes are $1264.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be Dec 1, 2011 due to the current farm lease-subject to crop removal.

Legal Description of Tract 2 (Sold at 1:30 P.M. at site of land) The W ¼ of the NE ¼ of Section 35, 98N, 48W—Lyon County, IA.

General Description: Selling will be 40+/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 38.68 tillable acres. This farm has an average CSR rating of 51.2. This farm is classified as HEL. The predominant soil types are: 410C2, 410B-Moody silty clay loam, 401D3-Crofton silt loam, 733-Calco-silty clay loam, 33E, 33D-Steinauer clay loam and 133-Colo silty clay loam. This farm has road on one side. This farm has a corn base of 26.3 acres with a direct yield of 88 and cc yield of 88bu. This farm has a soybean base of 1.6 acres with a direct yield of 38 and cc yield of 38 bu. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. This farm is hard to view from the road. Over 85% of this farm lays level to gently rolling.

Method of Sale: This farm will be offered as one tract of 40+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $544.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be Dec. 1. 2011—due to current farm lease and subject to crop removal.

TERMS FOR TRACTS 1 & 2: 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 the remaining balance due and payable on closing day December 20, 2011 when the buyer shall receive a clear and merchantable title to the property. This 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 data provided. All FSA information is according to the Lyon County FSA. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers are agents for the sellers.

Paul Kippley-attorney for sellers

Oepke and Henrietta Niemeyer Revocable Trust —owners

Auctioneers

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-sales-712-476-5843