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Buena Vista County Auction- February 17, 2021- J.F. McKenna Farms

Public Land Auction

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 for Online Bidding

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: 155 acres m/l

Location: 3 miles northeast of Storm Lake on Hwy 71

Legal Description: A tract of approximately 155* acres in the South Half (S 1/2) of Section 13-91-37.
*Actual legal description and sale acres to be determined by survey.

     

Farm Details
FSA Cropland Acres: 155*
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