SEALED BID AUCTION INFORMATION

191.5± Surveyed Acres – Offered in 3 Tracts

Selling Free and Clear for the 2026 Farming Season!

Tract 1 – 40.06± Surveyed Acres

•        FSA indicates: 36.23 cropland acres of which 8.7 acres are in CRP as follows: 
  8.7 acres X $229.84 = $1,999.60 and expires on 9-30-2026.
•        CSR2 is 82.5 on the cropland acres.
•        Located in Section 5, Wayne Township, Henry County, Iowa.
•        Tax Parcel: 030020520000400 = $1,422.00 Net

Tract 2 – 70.26± Surveyed Acres

•        FSA indicates: 65.58 cropland acres of which 9.8 acres are in CRP as follows: 
  9.8 acres X $229.84 = $2,252.43 and expires on 9-30-2026.
•        CSR2 is 71.1 on the cropland acres.
•        Located in Section 4, Wayne Township, Henry County, Iowa.
•        Tax Parcels: 030020410000500, 030020410000300 = $2,216.00 Net

Tract 3 – 81.18± Surveyed Acres - update 12/2/25

•        FSA indicates: 81.24 cropland acres of which 33.31 acres are in CRP as follows: 
  31.19 acres X $271.13 = $8,457.00 and expires on 9-30-2034.
  2.12 acres X $268.04 = $568.00 and expires on 9-30-2036.
•        CSR2 is 68.7 on the cropland acres.
•        Located in Section 32, Crawford Township, Washington County, Iowa.
•        Tax Parcels: 16-32-300-002, 16-32-300-004 = $2,610.00 Net
  
  

How to Bid: There are three ways to submit a bid for this sealed bid auction format. All sealed bids need to be received by Wednesday, December 3, 2025 at 1:00PM CST.
1. Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com

 2. Download Sealed Bid Form from SteffesGroup.com. Email completed form to mason.holvoet@steffesgroup.com. If emailed, it shall be the bidder’s responsibility to confirm bid form has been received.

3. Make an appointment with Mason Holvoet to fill out the Sealed Bid Form.  Contact Mason at (319) 470-7372.

Terms: If you are declared the winning bidder, 10% down payment is due upon acceptance. Balance due at final settlement/closing with a projected date of January 17, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of January 17, 2026. (Subject to tenant’s rights on the tillable land for the 2025-2026 farming season, full possession March 1, 2026).
Real Estate Taxes: To be prorated to date of final settlement/closing on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This sealed bid real estate auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
•        Land will be offered in 3 tracts.
•        Buyer may submit offers on one, multiple or all three tracts.
•        Land 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 purchase price will be made accordingly at final settlement/closing. 
•        There will be no “final round” of bidding, unless a tie bid occurs. If a tie bid occurs, only the parties with tying bids will be contacted to raise said bid.
•        Seller reserves the right to accept, reject or counter offer any and all bids. Seller may enter negotiations with one or more Bidders.
•        Down payment is due upon acceptance and signing of the purchase agreement will take place through email and electronic document signatures, or in person at the Steffes Group Mt. Pleasant, IA Office. In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
•        Tracts 1 & 2 are selling subject to a recorded Wind Option and Energy Easement Agreement, which was signed in 2022.  Seller will retain the 2025 payment, subsequent payments will go to the Buyer. Any and all future Development, Construction & Operational payments, if applicable, will go to the Buyer. If Tracts 1 & 2 are separate Buyers, payments will be calculated in accordance of Section 9.4 of said Wind Option & Easement Agreement.  Buyer will be responsible for notifying & reporting to the RWE Renewables Development, LLC of said ownership change.  View website to view the Wind Option and Energy Easement agreement.
•        Land is selling subject to tenant’s rights on the tillable land for the 2025-2026 farming season (March 1, 2025 - February 28, 2026). Seller to retain 100% of the 2025 rent.
•        Seller has served the tenant notice of termination of farm tenancy.  Therefore, the land is selling free and clear for the 2026 farming season.
•        It shall be the obligation of the Buyer(s) 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 acres to be determined by the FSA office, as FSA field lines may 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.
•        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 sealed bid auction 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.
•        Tracts 1, 2 & 3 will have a deed restriction, stating any said fencing desired along said boundary lines of the property will be 100% the Buyers expense and responsibility.
•        Access for Tract 3 is via a 1961 recorded easement as follows: The East Half of the Southwest Quarter of Section Thirty-two, in Township Seventy-four North of Range Six West of the Fifth Principal Meridian, together with all of sellers' right, title and interest in and to a certain roadway easement along the North-South center line of Section 32, more specifically described as: Commencing at the center point of Section 32, thence West 20 feet, thence North 160 rods to the County Road, thence East 20 feet, thence South along the North-South center line of said Section 32 to the place of beginning, said easement being dated February 13, 1961, and recorded in Book 35, Page 350. subject to easements, zoning and restrictions or covenants of record.
•        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 exclusively representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of the submission deadline take precedence over advertising.