Method of Sale:
All three tracts will be sold individually at the auction site.
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Tract I: Sold first, price per acre multiplied by 109.68 acres
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Tract II: Sold second, price per acre multiplied by 46.45 acres
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Tract III (acreage site): Sold last, in total dollars
Once sold, each tract will remain sold — no combinations will be offered.
Real Estate Taxes:
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Seller will pay all real estate taxes due by September 30, 2026 for Tracts I & II.
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Taxes for Tract III (acreage) will be prorated to the closing date (Oct. 15, 2025).
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Approximate annual taxes:
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Tracts I & II: $30.70/acre
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Tract III: $2,226/year
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Terms & Possession:
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15% non-refundable down payment due auction day (per tract)
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Balance Due:
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Tracts I & II: Half on Dec. 30, 2025, half on Jan. 2, 2026
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Tract III: Full balance due on Oct. 15, 2025, with possession granted that day
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Cash sale only — no financing contingencies
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Letter of financial prequalification required if financing
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Owner-operator retains first right to 2025 crop residue
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Clear, marketable title and updated abstract to be provided by the seller
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Buyer must sign a written agreement auction day
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Late closing may incur a penalty
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Sale subject to Seller’s confirmation
Pipeline Easement Notice:
SCS Carbon Transport LLC is proposing an optional pipeline easement along the west edge of Tracts I & II. Acceptance is subject to buyer approval. Contact Del Beyer (712-348-2738) for details.
Disclaimer:
Property is sold “as is.”
All information is believed to be accurate but not guaranteed. Buyers are encouraged to inspect the property and verify all details. Existing fence lines may not reflect true boundaries; any new fencing will be the buyer’s responsibility as per Iowa law.
Announcements made auction day supersede all prior ads. A detailed farm info booklet is available by request.
Closing Attorney:
Heidman Law Firm, Sheldon, IA — representing the sellers.