September 20, 2011 - 160 Acres of Lyon County, IA Farmland - Sold for $14,000.00

Prime Lyon County Farmland at Auction

Of 160+/-Acres of Allison Twp. Prime Farmland

Approx. 71 CSR rating

TUESDAY SEPTEMBER 20, 2011

SALE TIME: 10:30 A.M.

LOCATION: from Rock Rapids IA go —5 miles West on Hwy 9 to K/40/Fig Ave. then go 3 miles North or from the Keiths corner of Lester, IA. go 3 miles east on Hwy 9 to Blktop K-40/Fig Ave. then go 3 miles north to 120^th St. to beginning of land or from the west edge of Steen MN go 3 miles south on MN Blktop11/ IA K40 to site of land .

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

AUCTIONEERS NOTE: We are honored to conduct this auction for the Hoogers family. This is one of the choicest farms in Lyon County, IA. and has a CSR rating of 71. This farm has been in the Hoogers family for many years and is truly a once in a lifetime opportunity. If you are looking for a PRIME piece of farmland — Make plans today to attend!!

Legal Description: The SE ¼ of Section 16, Twp 100N, Range 46W, Lyon County, IA. –subject to public roads and easements of record.

General Description: Selling will be 160+/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 158.9 tillable acres. This farm has high producing soils with an average CSR rating of 71. This farm is classified as non-HEL. The predominant soil types are: 910, 910B—Trent silty clay loam, 411B, 411B2-Egan silty clay loam, 92-Marcus silty clay loam and 733—Calco silty clay loam. This farm has a corn base of 75.4 acres with a direct yield of 99 and cc yield of 139bu. This farm has a soybean base of 79.2 acres with a direct yield of 38 and cc yield of 46 bu. This farm has approximately 12,000 ft of tile with excellent drainage. This farm is currently enrolled in the acre program. This farm has been checked for the nutrient depreciation program and potential buyers are encouraged to check into the 180 nutrient depreciation programs offered. For more information contact Tim Bakker at Extended Ag at 712-478-4582. This farm is currently rented for the 2012 crop year. The rent for crop year 2012 will be paid to the buyer. Call auctioneers for details. 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 160+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $3682.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be March 1, 2013 due to the current farm lease.

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 as follows: 50% of purchase price will be due on December 29, 2011and the remaining 50% due on January 3, 2012 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.

Mike Austin-Attorney for sellers

Hoogers Heirs—owners

Auctioneers and RE Brokers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Clark Ahders-712-470-4700

Keith Elbers-507-920-6131