Legal Description: SE¼ Section 12, Township 96 North, Range 43 West, (Lynn Township), Sioux County, IA.
This high quality parcel of land is located 1½ miles south of Sheldon, IA on County Road L26. The farm contains highly productive soils of Galva, Primghar, Marcus and Afton Silty Clay Loam soils, has a Surety Mapping CSR rating of 77 and a Sioux County CSR rating of 69.2
The farm contains very high fertility and the farm operator has crop insurance yields exceeding 210 bu/acre corn and 66 bu/acre soybean the last two year. This is a once in a lifetime opportunity to buy a farm with high fertility, black top road access, located 1/2 mile from trunk Hwy Corridor and has opportunity for additional manure in the future.
Sealed bids must be post marked to Northwestern Farm Management Company by July 20, 2012. All persons submitting written bids will have the opportunity to raise bids on July 24, 2012 at the Sheldon Eagles Club at 10:30am. All written bids must be accompanied by a $10,000 earnest money check made out to Northwestern Farm Management Co. Trust Account. Unsuccessful bidders will have checks returned to them. Successful bidder will sign purchase agreement at the conclusion of the auction and make earnest money payment of 15% of final purchase price.
Possession will be granted to the buyer following harvest of 2012 crop. The sellers will retain the 2012 cash rent income and taxes will be prorated to the date of closing which is anticipated to be September 20, 2012.
USDA/FSA Information—According to FSA, farm contains no wetlands and land is classified as NHEL (Not Highly Erodible)
Corn, 77 Base Acres, 114 Direct Yield, 154 Counter Cyclical Yield.
Soybeans, 76.5 Base Acres, 44 Direct Yield, 53 Counter Cyclical Yield.
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Please click below to view a tile map of this farm.
Please click below to print a Bid Form and rules for this auction.
Bid Form and Auction Rules
This information provided herein is received from other sources and is believed to be correct NORTHWESTERN FARM MANAGEMENT COMPANY does not warrant its accuracy. We strongly suggest you contact the appropriate sources to confirm this information.