135.48 Acres M/L – Two Farms
INVESTMENT QUALITY GROUND 

SOLD ! !
Farm #1 - $8,000 x 80.48 Acres
Farm #2 - $6,325 x 55 Acres

 Survey Now Complete!
Also Tile Maps & Yield Maps - Added Below!
FARM #1 – 80.48 Surveyed Acres – Sec. 31, Canaan Township - 80.6 CSR2
FARM #2 – 55 Surveyed Acres – Sec. 15, Scott Township - 74.9 CSR2

LAND PREVIEWS on site at each farm on 

Thursday, November 4th from 10 -11AM

****Selling with 2015 Farming Rights ! ! ****

FARM #1 – 80.48 Surveyed Acres – Canaan Township
Farm #1 is located 4 miles east of Mt. Pleasant on Winfield Avenue/H38, then ½ mile north on Mile Ave.
FSA information indicates 77.02 acres tillable of which 4.6 acres are in CRP as follows: 
4.6 acres x $149.14 = $686.00 and expires on 9-30-2015.
Corn Suitability Rating 2 of 80.6 (CSR 1 of 75.8) on the entire tract.
Located in Section 31, Canaan Township, Henry County, Iowa.

FARM #2 – 55 Surveyed Acres – Scott Township
Farm #2 is located 1 ½ miles east of Winfield, Iowa on 130th Street.
FSA information indicates 52.45 acres tillable of which 8.41 acres are in CRP as follows: 
8.41 acres x $257.28 = $2,164.00 and expires on 9-30-2024.
Corn Suitability Rating 2 of 74.9 (CSR 1 of 64.9) on the entire tract.
Located in Section 15, Scott Township, Henry County, Iowa.

TERMS & CONDITIONS
Terms: 10% down payment on November 18, 2014. Balance at closing with projected date of December 18, 2014 upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 18, 2014. 
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.


The following taxes are approximate and will be used to prorate at closing.
Farm  #1
Gross              $2,386.42
Ag. Credit           (109.75)
Family Farm         (78.08)
Net                  $2,198.00 (Rounded) 

Farm #2
Gross              $1,171.59
Ag. Credit             (48.54)
Family Farm         (34.53)
Net                  $1,088.00 (Rounded) 

Special Provisions:
• Buyer(s) shall cooperate by signing any needed paperwork at no additional cost to them in a 1031 exchange if the seller opts to do so.
• Both farms are being free and clear for the 2015 farming season.  Fall tillage rights will be granted.
• It shall be the obligation of the buyer(s) to report to the Henry County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. C. Prorate of CRP. 
• Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elects to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
• Both farms will be surveyed by a registered land surveyor and surveyed acres will be the multiplier.
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same
Any announcements made the day of sale take precedence over advertising.

Owners: Steven D. & Ann L. Mallams
H. Eugene Anderson – Attorney

For information contact Julie Brown or Chris Richard at

Steffes Group 319.385.2000

Downloads:
Farm 1 - Soil Map
Farm 2 - Soil Map
Farm 1 - Aerial
Farm 2 - Aerial
Farm 1 - Survey Overlay
Farm 2 - Survey Overlay
Farm 1 - Tile Map
Farm 1 - Yield Map
Farm 2 - Tile Map
Farm 2 - Yield Map
Day of Auction Contract - Farm 1
Day of Auction Contract - Farm 2