Public Land Auction
SOLD!
Tract 1: $12,575/acre
Tract 2: $11,000/acre
Tract 3: $10,325/acre
Tract 4 Parcel A: $7,550/acre
Tract 4 Parcel B: $9,500/acre
Tract 4 Parcel C: $9,575/acre
Tract 5: $9,150/acre
Tract 6: $9,225/acre
February 17, 2021 • 10:00 a.m.
Columbus Club Hall
1507 E. Lakeshore Dr., Storm Lake, IA
762 Acres m/l selling in 8 tracts
OWNER /SELLER: J.F. McKenna Farms
Click Here To View Tracts 1-3 Resume
Click Here To View Tracts 4-6 Resume
Washington Township
Tract 1: 80 acres m/l
Location: 2 miles southeast of Alta & 2 miles west of Storm Lake.
Legal Description: The East Half of the Southwest Quarter (E 1/2 SW 1/4) of Section 31-91-17.
| Farm Details | |
| FSA Cropland Acres: | 78.5 |
| Corn Yield – PLC: | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $2,154/year |
| Lease: | Open for 2021 |
| Cropland CSR2: | 91.4 |
| Primary Soils: | Sac, Primghar & Colo |
Tract 2: 80 acres m/l
Location: 1 mile northeast of Storm Lake
Legal Description: The North Half of the Northwest Quarter (N 1/2 NW 1/4) of Section 35-91-37
| Farm Details | |
| FSA Cropland Acres: | 74.5 |
| Corn Yield – PLC: | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $2,538/year |
| Lease: | Open for 2021 |
| Cropland CSR2: | 87.6 |
| Primary Soils: | Webster, Nicollet & Clarion |
Tract 3: 166.59 surveyed acres m/l
Location: 3 miles northeast of Storm Lake on Hwy 71
Legal Description: A tract of approximately 166.59 surveyed acres in the South Half (S 1/2) of Section 13-91-37.
| Farm Details | |
| FSA Cropland Acres: | 166.59 |
| Corn Yield – PLC | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $4,550*/year |
| Lease: | Open for 2021 |
| Cropland CSR2: | 80.6 |
| Primary Soils: | Webster, Clarion & Nicollet |
Tract 4: 238 acres m/l
Location: East edge of Storm Lake
Sold as choice of 3 parcels (A, B & C).
Legal Description: The Southeast Quarter (SE 1/4) and East Half of the Southwest Quarter (E 1/2 SW 1/4) of Section 35-91-37,
excluding a 2 acre tract in the Southeast of the Southwest.
Grain storage, building site with shop & barn on Tract 4A
| Farm Details | |
| FSA Cropland Acres: | 218* |
| Corn Yield – PLC: | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $3,315/year |
| Lease: | Open for 2021 |
| Cropland CSR2: | A=65.9/B=74/C=78 |
| Primary Soils: | Canisteo, Wadena, Cylinder, Nicollet & Webster |
Tract 5: 129 acres m/l
Location: 1 mile northeast of Storm Lake
Legal Description: The Northwest Quarter (NW 1/4) of Section 36-91-37,
except for the tract in the NE NW & NW NW
| Farm Details | |
| FSA Cropland Acres: | 124.7 |
| Corn Yield – PLC | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $4,010/year |
| Cropland CSR2: | 83.5 |
| Lease: | Open for 2021 |
| Primary Soils: | Canisteo, Nicollet & Clarion |
Tract 6: 80 acres m/l
Location: 2 miles north of Storm Lake
Legal Description: The North Half of the Northeast Quarter (N 1/2 NE 1/4) of Section 22-91-37
| Farm Details | |
| FSA Cropland Acres: | 75.4 |
| Corn Yield – PLC | 150 |
| Soybean Yield – ARC: | 44 |
| Property Taxes: | $2,156/year |
| Cropland CSR2: | 74.5 |
| Lease: | Open for 2021 |
| Primary Soils: | Webster, Clarion & Canisteo |
J.F. McKenna Farms – Owner/Seller
This is a rare opportunity to purchase quality Storm Lake area farmland. The farms have been owned and operated by the McKenna Family since the 1950’s. A long family heritage of hog production and manure application has left a legacy of excellent fertility. Great location near Storm Lake with a short drive to strong grain buyers and 5 properties on paved roads. Tracts 1, 2, 3, 5 & 6 will be sold as individual parcels and will not be combined. Tract 4 will be offered as choice of 3 parcels with the high bidder able to take any or all parcels. This tract has development potential adjacent to the city limits of Storm Lake.
Information:
- All Tracts were grid soil sampled in the fall of 2020. Soil test data will be provided to the buyers. See the property resume for fertility on each tract.
- Tract 2 is crossed on the west edge by the City of Storm Lake underground storm sewer. This can provide a drainage tile outlet if desired.
- Tract 3 will be surveyed prior to closing with total sale amount to be determined by surveyed acres x price.
- Tract 4 will be offered as choice of 3 parcels. If separate parcels are selected the sellers will provide a survey to determine total sales amounts based on surveyed acres x price.
- Tract 4 Parcel A building site consist of a 45’ x 28’ shop with concrete floor and 2 overhead doors. It is joined by a 12’x16’ heated office/washroom with a new septic system. Grain storage consists of 5 larger bins and 4 government bins, providing approximately 70,000 bushels of storage. The property is served by a 40’ well and 3 phase electric.
- Tract 6 is crossed in the southwest corner by the underground Dakota Access Pipeline.
Terms:
*The buyer(s) will be expected to pay 10% cash down payment day of auction and the balance due at closing when clear and merchantable title will be given.
*Closing is scheduled for April 1, 2021. Real estate taxes pro-rated to date of closing.
*Possession is given at closing, except for the 7 acre building site on Tract 4, Parcel A which is reserved for use by the sellers through September 1, 2021.
*Announcements made day of sale will supersede all other announcements.
*The sellers will retain the right to refuse any or all bids.
*Stalcup Ag Service, Inc. and its representatives are agents for the sellers.
* Online bidding will be available on our website www.stalcupag.com
*Weather date – Wednesday, February 24, 2021
