Live and Online at Ranchandfarmauctions.com

 

Auction Date:

08/22/2024 

Auction Time:

11:00 AM CT

Auction Venue Location:

Country Lane Lodge, 29300 Prospect Circle, Adel, IA 50003

Entire Farm Description:

Ranch & Farm Auctions, a Division of Whitetail Properties Real Estate, is proud to represent Glass, LLC and the Charles Richard Stacy Trust in the sale of 105.5 taxable acres m/l of high-quality Dallas County, Iowa farmland. Located in Section 3 of Adams Township, these highly tillable farms consist of 100.08 FSA tillable acres carrying a weighted average CSR2 of 89. The primary soil types are Clarion loam, Clarion loam Bemis moraine and Nicollet loam with slope ratings between 1 - 10 percent. The balance of the farm consists of a managed waterway at the northern end of Tract 1 and an old homesite with multiple buildings in the northwest corner of Tract 2. These are quality farms in a highly desirable and sought-after area in Dallas County. They will continue to produce strong yields year after year with future development potential. These farms would make for a solid investment to diversify your portfolio, park 1031 Exchange funds or be a great addition to your current farming operation. For more information about these incredible farms, call the Listing Agent at (641) 757-9156.

Tract 1 Description: 39.75+/- Acres

This tract has high quality tillable acres with a weighted average CSR2 of 87.9, which is well above the county average. This farm has flat to gently rolling terrain with good drainage. 94% of the farmland acres are in production with the balance coming from managed waterways. The half mile long straight rows makes for efficient planting and harvesting. The farm has a good field entrance in the northwest corner along 312th St.

Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312th St for ½ mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 1.

Farm Information: 39.75 acres m/l with 37.30 FSA cropland acres.

Legal Description: 2-78-28 W1/2 GOV LOT 20 & W1/2 NW SW. The exact legal description is to come from the abstract.

Taxes: 2022 property taxes were $1,289.98

Details:

Tract #: Tract 1

Deeded Acres: 39.75 Acres Gross/Taxable

FSA Farmland Acres: 37.3 Acres

Soil Types: Clarion loam, Clarion loam, Bemis moraine & Coland-Terril complex

Soil CSR2: 87.9 CSR2

CRP Acres/payment: n/a

Taxes: $1,289.98

Lease Status: Open Tenancy for 2025 crop year

Possession: Immediate possession subject to current tenant's rights for 2024

Survey Needed: No survey needed

Brief Legal: W1/2 GOV LOT 20 & W1/2 NW SW 2-78-28

PIDs: 1402100006

Lat/Lon: 41.582446, -94.049952

Zip Code: 50003

 

Tract 2 Description:65.75+/- Acres

This tract has high quality tillable acres with a weighted average CSR2 of 89.6 with more than 77% of the cropland acres having a 91 CSR2! This farm is flat with good drainage to the northeast and south. This tract measures .25 miles wide and .40 miles long with 97% of the farmland acres in production. There is an acreage in the northwest corner of the property with a 30’ x 30’ steel utility building, 41’ x 62’ pole barn, 51’ x 100’ steel utility building and a grain bin. The buildings are currently rented for storage to increase the overall revenue on the property.

Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312th St for 3/4 mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 2.

Farm Information: 65.75 acres m/l with 62.78 FSA cropland acres.

Legal Description: 3-78-28 S1/2 N53 1/3RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3RD W80RD NW SE. The exact legal description is to come from the abstract.

Taxes: 2022 property taxes were $2,300.83

Details:

Tract #: Tract 2

Deeded Acres: 65.75 Acres Gross/Taxable

FSA Farmland Acres: 62.78 Acres

Soil Types: Clarion loam, Clarion loam, Bemis moraine, Nicollet loam & Webster clay loam, Bemis moraine

Soil CSR2: 89.6 CSR2

CRP Acres/payment: n/a

Taxes: $2,300.83

Lease Status: Open Tenancy for 2025 crop year

Possession: Immediate possession subject to current tenants' rights for 2024

Survey Needed: No survey needed

Brief Legal: S1/2 N53 1/3RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3RD W80RD NW SE 3-78-28

PIDs: 1403400001, 1403200006

Lat/Lon: 41.583131, -94.058436

Zip Code: 50003

 

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Tract 1 has 39.75 taxable acres with a CSR2 of 87.9

Tract 1 soil types consist of Clarion loam & Coland-Terril complex

Tract 2 has 65.75 taxable acres with a CSR2 of 89.6

Tract 2 soil types consist of Clarion loam, Nicollet loam & Webster clay loam

Both farms offer long straight rows for efficient farming

Located only minutes from Adel, IA

Tenancy is open for 2025.

Tract 2 has additional income from monthly storage

Farms have been well cared for by the family and tenant

These are quality farms that are known producers year after year.

 

Please visit auctioneer's website for more photos and full Terms & Conditions.