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WARREN COUNTY, IOWA LAND AUCTION
Location: Lacona, Iowa. From Highway 65 at Liberty Center, proceed 1 mile east on Tyler Street to 17021 Tyler Street, Lacona, Iowa. Watch for auction signs.
Opens: Thursday, May 24, 2018 AT 9 AM
Closes: Thursday, May 24, 2018 AT 1 PM
Preview of the Property on Thursday, May 10th from 1-3 PM
< Click Here > for Purchase Agreement Auction Contract
AUCTIONEER'S NOTE: Gary & Brenda Thompson have decided to downsize their operation and sell this farm. A great opportunity for someone to expand their operation with this cattle setup! We appreciate the Thompson’s trust in Steffes Group, not only to conduct this online only auction of land, but also selling a line of equipment on Friday, May 25th.
120 Acres – Selling in One Tract
40’x365’ Hoop Cattle Building – 42’x63’ Morton Building- House
Buyer to receive the 2018 crop!
Take a look at this farm featuring 120 Acres M/L with 45.15 acres tillable with balance being pasture, timber and two ponds. Corn Suitability Rating 2 of 49.9 on the tillable. Located in Section 14, Liberty Township, Warren County, Iowa.
Cattle Hoop Building
The newer cattle setup was built in 2012 with a 40’x365’ hoop feed building with a 12’ concrete alleyway. Along with 7 separate paddocked lots with crushed limestone under the bedpack, 4 automatic waters and curtain vents along the north side of the building. The building can accommodate approx. 365 head and has 14’ overhead doors on both ends.
Feed Shed – Grain Bin
There is a separate 35’x45’ hoop building for feed storage. There are also two fenced front lots with separate automatic waterers, one with concrete fence line feed bunks. Sukup 20,000 bu. grain bin with Stir-Ator & dryer built in 2009.
43’x63’ Morton machine shed with two sliding doors.
Also included with this farm is a two bedroom ranch style home built in 1964 with a 1,032 sq.ft. of living space on the main level. The home has an updated kitchen, living room with fireplace, two bedrooms with hardwood floors and a detached single car garage. The property has rural water and two wells(condition unknown).
Included: 2018 Crops, Attached fencing & gates, Concrete fence line feed bunks, Waterers, Manure/compost pile, Dishwasher, Microwave
Not Included: Grain in grain bin, LP tanks(leased), Fuel barrel, All farm machinery, Cattle equipment, StrongHold cattle chute & tub, Dinner bell & pole, Dog Kennel, Chicken coop, Personal property, Refrigerator, Stove, Washer & Dryer
Terms:20% down payment on May 24, 2018. Balance due at closing with a projected date of June 22, 2018, upon delivery of merchantable abstract and deed and all objections have been met.
Possession of grain bin: August 1, 2018.
Possession of home, buildings & tillable land: Projected date of June 22, 2018.
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.
Real Estate Taxes:
Ag. Credit ($72.21)
Net $4,260.00 (rounded)
- This property will be sold Free and Clear of any liens or encumbrances.
- Bidding on the farm will be lump sum price.
- The buyer will receive the 2018 crop, therefore the buyer will be responsible for 100% of the input costs and will reimburse any expenses for the 2018 crop year at closing. This information will be provided once planting has been completed. See Below for Inputs
- It shall be the obligation of the buyer to report to the Warren County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
- This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
- Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
- Seller shall not be obligated to furnish a survey.
- Seller disclaims any warranty on the septic system. It shall be the buyer's obligation to inspect & determine if the septic system complies with state and county septic code and whether it can be operational as installed. Any inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer's expense in accordance with Warren County & Iowa laws & regulations. Buyer must also acquire the DNR Time of Transfer certificate for the septic system. This shall be done prior to closing.
- Buyer will be responsible for installing his/her own entrance, if so desired.
- If in the future a site clean-up is required it shall be at the expense of the buyer.
- The buyer 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 acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
- Steffes Group, Inc. is representing the Seller.
- Any announcements made the day of sale take precedence over advertising.
Planting Inputs to be paid by buyer to seller at closing
Corn is Becks 115 day planted April 29 $3,956.00
Heartland Co-Op(Chemicals/Application) $2,681.20
< Click Here > for chemical ticket
Owners: Gary & Brenda Thompson
Seth Twedt – Steffes Group Sale Manager,
office 515.432.6000 or by cell 515.231.1921
For details on Real Estate contact Tim Meyer of
Steffes Group, 515.432.6000
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Online Terms & Conditions
All Bidders will be required to accept the terms and conditions of this auction to be approved to bid.
Online Auction Terms & Registration Information
The information set forth is believed to be accurate. However, the owner(s) of the property and Steffes Group, Inc. make no warranties or guaranties express or implied. Information contained in this document was collected from sources deemed to be reliable and is true and correct to the best of the writer’s knowledge. Auctioneers and owners will not be held responsible for advertising discrepancies or inaccuracies. Prospective bidders are advised to consult with an attorney of their choice with respect to the buying of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below.
All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and also review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Auctioneer, their Employees or Agents. The property will be rented AS IS and without any warranties or representations, express or implied.
Terms & Conditions
By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company.
When paying within the stated time and with our acceptable payment methods:
You agree to make payment for all online purchases in U.S. funds within 2 business days of receipt of invoice by one of the acceptable forms of payment unless approval of financing arrangements is made with Steffes Group. To issue a check by fax, simply write a check as you normally would and fax a copy to us. All NSF checks will be charged a $30 fee. Checks by mail are not an accepted form of payment. Any other form of payment, other than the listed acceptable payment methods are subject to an additional 3% buyer's fee on the full amount of the purchase. No items will be released until full payment clears our office.
Acceptable forms of payment:
West Fargo, Sioux Falls, Grand Forks 701-237-9173
Mt. Pleasant, Ames 319-385-2000
West Fargo, Sioux Falls, Grand Forks 701-237-0976
Mt. Pleasant, Ames 319-385-4709
All appropriate state sales tax laws will apply per the location and type of seller of the piece of equipment.
Please note that Minnesota does not consider regularly-scheduled consignment auctions as "auctions" but rather "consignment auctions," requiring sales tax to be charged unless the buyer provides an exemption form for qualifying items.
For purchases in South Dakota you are not exempt from any sales tax unless a 3rd party transports your items and you take possession outside of the State of South Dakota. In that case, the state laws where you take possession are effective. There are exceptions for dealers (retailers).
ND Dakota titled vehicles
Per North Dakota vehicle and sales tax laws, upon registration and licensing of any titled vehicle or trailer, any buyer’s premium paid is considered to be part of the sales price. Sales tax will be charged by the State of North Dakota on the entire sales price (including buyer’s premium) for any vehicle registered in North Dakota.
If you have any questions concerning sales tax on a piece of equipment, please contact the appropriate state government agency at the location of the item on auction.
ND Sales Tax Terms for Canadian Customers
Used Farm Equipment
The sale, at auction, of used farm machinery to a Canadian farmer for agricultural use is exempt from sales tax the same as a North Dakota Farmer.
The purchase, at auction, of used farm machinery by a Canadian farm equipment dealer (retailer) would be sales taxable unless:
New Farm Equipment
The sale, at auction, of new farm machinery to a Canadian farmer for agricultural use, or a Canadian farm equipment dealer (retailer) is taxable at the current state rate of 3% plus any local sales tax if applicable. The law also provides that Canadians may apply for a refund of the tax paid when meeting certain requirements. This form and conditions of use are available online at http://www.nd.gov/tax/salesand%20use/canrefund/.
Agents for Sellers
You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not.
Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.
Please note that some lots can be tied together and will be set to close simultaneously. This will be indicated in those lots by a paper clip symbol. Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.
Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller.
When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.
Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations.
You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction.
Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice.
Steffes Group provides this Abandonment Policy to inform you of our policies and procedures regarding any purchased item(s)/property that has not been removed by a buyer in a timely manner. Upon winning the bid for an item(s), after paying for item(s) purchased, a buyer is obligated to remove the item(s) from the auction site within a timely manner.
Steffes Group may deem a buyer's failure to claim and remove equipment within 60 days following the close of an auction as evidence of buyer's intention to abandon the property. In these instances, the Company may take action that is adverse to buyer's interest in the property, including, but not limited to steps to dispose of the property.
Disposition of property may include a variety of approaches based upon the buyer's purchase price of the property as follows:
1) For those items with a final selling price of $5,000 or less, the Company will determine the appropriate disposition approach which may include:
2) For those items with a final selling price of greater than $5,000, Steffes Group may remove the item from the selling location and resolve as follows:
If a buyer with the winning bid has not removed the purchased item(s) from selling location within 10 business days after the close of the auction, the buyer will be responsible for directly paying the seller any and all storage fees if levied by the seller. If levied by the seller, storage fees will be $25 per day beginning the 10th day after the close of the auction/winning bid.
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