October 26, 2011 - 120 Acres of Lyon County, IA Farmland - Sold for $8,100.00

Lyon County, IA. Farmland at Auction

Of 120+/– acres of Garfield Twp Farmland

Wednesday October 26, 2011

Sale time: 10:30 A.M.

Location: From Caseys in Hull, IA. go 8 miles North on Blktop K-52 to Blktop

A-44/240^th St. then go 1 mile East to Ibex Ave. then go ½ mile North to beginning of land or from ICON Impl. In Doon, IA. go 3 miles east on 250^th St. to Ibex Ave. then go 1 ½ miles North on Ibex Ave. or from Lakewood corner go 3 miles East on Blktop A-34/210^th St. to Ibex Ave. then go 2 ½ miles South.-

Auction signs will be posted!—Auction held at site of land

Auctioneers note: We are honored to conduct the auction of this 120+/–acres of Farmland located in Garfield Twp, Lyon County, IA. for the Van Roekel family limited Partnership. This Farmland is located Northeast of Hull, IA. This farm has been very well managed and is in a good state of productivity. If you are looking for some land to add to your current operation or as a investment—Make plans today to attend!

Legal Description of Tract 1: The NE ¼ of Section 14, Twp 98N, Range 45W, Garfield Twp, Lyon County, IA. –except Lot 1. Subject to public roads and easements of record.

General Description: Selling will be 120 +/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 109.15 tillable acres and 9.2 acres enrolled in the CRP program until 9/30/2013. This farm has an average CSR rating of 43.5. This farm is classified as HEL. The predominant soil types are: 174B, 174C2-Bolan loam, 878B2-Ocheyedan loam, 28C2-Dickman, 310B2-Galva silty clay loam, 91B-Primghar silty clay loam, 27B-Terril loam and 430-Ackmore silty clay loam. This farm has a corn base of 91.9 acres with a direct yield of 99bu and cc yield of 99bu. This farm has a soybean base of 17.3 acres with a direct yield of 31bu and cc yield of 31 bu. This farm is not currently enrolled in the Acre program. This farm has been well managed with good fertility. In 2010 a large portion of this farm had chicken manure applied. This farm also has some hog manure applied every year. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. This farm has been checked for the 180 nutrient depreciation program –for further information contact auctioneers.

Method of Sale: This farm will be offered as one tract of 120+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $1470.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be January 15, 2012 – due to the current farm lease. Current tenant will have the right to remove some cornstalks.

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 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. No warranties are expressed or implied. 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. –

John De Koster –attorneys for sellers.

www.zomerauctions.com

Van Roekel Family Limited Partnership—owners

Auctioneers:

Darrell Vande Vegte-712-726-3428

Mark Zomer-712-470-2526

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