109± Acres – Sells in 3 Tracts

Immediate Farming Rights Available!

Tract 1 – 52± Acres – pending final survey

•        Approx. 52± tillable acres of which 25.56 acres are in CRP as follows: 25.56 acres X $176.00 = $4,499.00 and expires on 9-30-2030.
•        CSR2 is 59.4 on the tillable acres.
•        This tract has terrace & tile.
•        Located in Section 25, Trenton Township, Henry County, Iowa.
•        Part of Parcel: 070042520000700, = $1,419.00 Approx. Net

Tract 2 – 38.5± Acres – pending final survey

•        Approx. 36± tillable acres of which approx. 14.50± acres are in CRP as follows: Approx. 14.50± acres X $176.00 = $2,552.00 and expires on 9-30-2030.
•        CSR2 is 56.9 on the tillable acres.
•        This tract has a pond and is subject to a tower lease.
•        Located in Section 25, Trenton Township, Henry County, Iowa.
•        Part of Parcel: 070042540000100 = $1,002.00 Approx. Net

Tract 3 – 19.39± Acres – pending final survey

•        Approx. 16± tillable acres of which approx. 8.6± acres are in CRP as follows: Approx. 8.6± acres X $176.00 = $1,513.00 and expires on 9-30-2030.
•        CSR2 is 57.8 on the tillable acres.
•        This tract has terrace & tile.
•        Balance of land is timber.
•        Located in Section 25, Trenton Township, Henry County, Iowa.
•        Parcel: 070042540000200 = $504.00 Net
  
  

Terms: 10% down payment on April 7, 2026. Balance due at final settlement/closing with a projected date of May 22, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of May 22, 2026. Immediate Farming Rights Available for the tillable acres, balance of possession at final settlement/closing. Possession of the tillable acres shall be granted upon execution of the real estate purchase agreement and hold harmless agreement, and upon receipt of the required down payment. (Subject to tower lease agreement)
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. The seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions: 

•        This online auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
•        Tracts will be linked together with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend to another 4 minutes. This will continue until no bids are placed within the last 4 minutes. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are linked together.
•        Down payment is due on the day the bidding closes and signing of the real estate contracts will take place through email and electronic document signatures or at Steffes Group’s Mt. Pleasant, IA office.  In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
•        Land is selling free and clear for the 2026 farming season.
•        Seller has already applied anhydrous for the 2026 crop year, therefore the Buyer will reimburse the Seller for the anhydrous at final settlement/closing as follows: Tract 1: $3,190.33, Tract 2: $2,530.14, Tract 3: $870.84
•        Tract 2 is selling subject to a Land Lease Agreement for the 330’ tower. 100% of the lease payment will go to the Buyer of Tract 2.  The 2026 lease payment of $1,600 will be made as a credit to the Buyer of Tract 2 at final settlement/closing.  Said Land Lease Agreement is a 5-year agreement and includes two termination options for the Landlord to terminate the agreement, Option 1 – December 31, 2026, Option 2 – December 31, 2027.  The agreement also allows the agreement to be extended for two additional five-year terms.  Assignment and Assumption Agreement will be signed.  Click Here to view Tower Land Lease Agreement
•        If any tower guy wire encroaches onto Tract 3, the Buyer of Tract 3 shall not be entitled to any compensation as a result of such encroachment.
•        It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.  C. Final tillable & CRP acres to be determined by the FSA office, as FSA field lines overlap Tract lines.  D. CRP Prorate.
•        Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees 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 further agrees to indemnify and hold harmless the Sellers 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 elects to take the ground out of CRP, the Buyer will be responsible to the Seller for any prorate of the CRP payment that the Seller would have received.
•        Tracts 1, 2 & 3 will be surveyed by a licensed surveyor, at Seller’s expense.
•        Tracts 1, 2 & 3 will be sold on a per acre basis with gross surveyed acres being the multiplier used to determine the total bid amount.  In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at final settlement/closing.
•        This real estate auction is selling subject to final approval of the survey and subdivision requirements of the county, if required.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (Spouses constitute one Buyer).
•        This auction sale is not contingent upon Buyer’s financing, appraisal(s), or any other Buyer contingencies.
•        If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited and paid to Seller.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        The Buyer shall be responsible for installing 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.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        This real estate is selling subject to any and all covenants, restrictions, encroachments, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, as well as all applicable zoning laws.
•        All lines, drawings, boundaries, 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 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, Broker or Auctioneer, their Employees or Agents.
•        The Buyer acknowledges 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 real estate.
•        Steffes Group, Inc. is representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of auction take precedence over advertising.