Farm Sale Results

116.7 Surveyed Acres Ida & Sac Counties

SOLD!

Number of Acres: 116.7 surveyed ac m/l & 80 ac m/l

Selling Date: 10-18-2022

Selling Price: P1: $16,400/ac P2: $15,350/ac

County: Ida & Sac Counties, IA

Township: Silver Creek & Eureka Townships

Documents & Maps

Farm Information

Property Location

Parcel 1 Location from Galva: 3 miles south of Hwy 20 on M25, turn east on 190th. The farm is on the north side of the road.

Parcel 2 Location from Galva: 2 miles east on D15 & 1 mile south on M27. Intersection of M27 & 210th.

Legal Description

P1: The East Half (E 1/2) of the Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) and the East Half (E 1/2) of the Southwest Quarter (SW1/4) and the East Half (E 1/2) of the Southwest Quarter (SW 1/4) of the Southwest Quarter of Section 17, Township 88 North, Range 39 West of the 5th P.M., Ida County, Iowa, to be surveyed.

P2: The North Half (N 1/2) of the Northwest Quarter (NW 1/4) of Section 32, Township 89 North, Range 38 West of the 5th P.M., Sac County, Iowa.

FSA Information

Parcel 1

Total Acres: 116.7 acres*
Cropland Acres: 113.5 acres
Corn Base: 50%
PLC Yield: 171 bu/acre
Soybean Base: 50%
PLC Yield: 49 bu/acre
Lease: Open for 2023
*surveyed

Parcel 2

Total Acres: 80.0 acres
Cropland Acres: 76.37 acres
Corn Base: 38.08 acres
PLC Yield: 171 bu/acre
Soybean Base: 38.29 acres
PLC Yield: 49 bu/acre
Lease: Open for 2023

Soils

Parcel 1
Primary: Galva silty clay & Primghar
Secondary: Colo & Judson

Parcel 2
Primary: Galva silty clay
Secondary: Sac & Ackmore

Surety/Agridata Avg

Parcel 1 CSR2: 92.8 Parcel 2 CSR2: 83

Real Estate Taxes

Parcel 1: $3,888 Parcel 2: $2,428

Terms

10/13/22 Updated Terms:

The buyer(s) will be expected to pay 10% cash down payment day of auction and the balance at closing when clear and merchantable title will be given.
Parcel 1 bidding will be times surveyed acres.
Parcel 1: Buyer will receive future and annual wind turbine payments, currently about $15,000 per year beginning with the 2023 payment (paid January 2024).
Parcel 1: Summit Carbon Pipeline has an easement along the east side of the farm. Sellers have already settled on the easement payment. Buyer will receive a credit of $40,000 at closing.
Parcel 2 bidding will be times 80 acres.
Online bidding available at stalcupag.com the day of the sale. Register online at least 24 hours prior to auction.
Closing is scheduled for November 15, 2022. Real estate taxes prorated to date of closing.
Possession is given at closing, subject to current tenant’s lease expiring February 28, 2023.
Announcements the day of the sale will supersede all other announcements.
The sellers will retain the right to refuse any or all bids.
Stalcup Agricultural Service, Inc. and its representatives are agents for the sellers.

Comments

Here are two Galva area farms which offer the combination of high-quality soils and attractive location along paved roads and near ethanol plants. Parcel 1 is the east 115 acres of the SW 1/4. The west 40 acres are retained by the Schubert family. High CSR2 with mainly Galva silty clay loam soils. Parcel 2 is the N 1/2 NW 1/4 of Section 32, Eureka Twp. Another tract with a blend of some of the better soils in the area. 90% of the cropland is Galva along with productive alluvial soils in the waterways. Closing will be November 15th. Make plans today for this opportunity!