Dallas County Iowa Farmland Auction

United Country Hawkeye Farm Mgmt & Real Estate is honored to represent The Damaro & Audrey Lewis Family Trust farmland sale located in Dallas County, Iowa. This 566 +/- acre Lincoln Township farm will be sold in four separate tracts at live public auction on Thursday July 20,2023. These four impressive tracts all boast 80+ CSR2 values and have undergone certified organic crop production from a quality local tenant for over twenty years. Clarion, Nicollet, & Webster are the three predominant soil types throughout these gently rolling tillable tracts that contain some clay & plastic tile aiding in sufficient drainage. The 1,724 sq. ft. farmhouse, outbuildings, and 30,000+ bushels of grain bin storage will be sold with Tract 2. The parcel size in combination with the soil quality presents a chance to purchase high-end land that has not been available for decades! We look forward to seeing everyone 11:00 AM at the Dallas County Fairgrounds in Adel, IA. For more information, contact Iowa Land Specialist Luke Nissen at 712-304-4827 or email luke@uciowa.com.

Tract # 1

- 137 +/- Acres (Subject to Survey)

- 130.4 +/- Tillable Acres

- 87.7 CSR2

- S29-T80N-R29W

-  9 Acres CRP - $2,390 Estimated Annual Income - Expiring 9/30/2026 & 9/30/2028 (Subject to FSA Reconstitution)

Tract # 2

- 137 +/- Acres (Subject to Survey)

- 133.75 +/- Tillable Acres

- 86 CSR2

- S28&29-T80N-R29W

- 23.69 Acres CRP - $6,062 Estimated Annual Income - Expiring 9/30/2026 & 9/30/2028 (Subject to FSA Reconstitution)

- 1724 sqft Home ( Built 1880 )

- Three Storage Sheds

- 30,000 + Bushel Grain Bin Storage

Tract # 3

- 103 +/- Acres

- 92.8 +/- Tillable Acres

- 85.6 CSR2

- S29-T80N-R29W

- 26.09 Acres CRP - $7,881 Annual Income - Expiring 9/30/2026

Tract # 4 

- 188 +/- Acres

- 162.56 +/- Tillable Acres

- 81.1 CSR2

- S32-T80N-R29W

-23.80 Acres CRP - $5,989 Annual Income - Expiring 9/30/2026

TERMS AND CONDITIONS OF AUCTION

Sellers: Damaro & Audrey Lewis Family Trust

Representing Attorney: John D. Twillmann - Bump & Bump, LLP.

Sale Date: Auction will be held Thursday July 20, 2023 at 11:00 AM at the Dallas County Fairgrounds 28057 Fairground Rd, Adel, IA 50003.

Approval of Bids:  Seller is serious about selling this property at auction but does reserve the right to accept or reject the final bid. Each bid shall constitute an offer to purchase, and the final bid, if accepted by the Seller, shall constitute a binding contract between the Buyer and Seller. Conduction of the auction and increments of bidding are at the direction and discretion of United Country Hawkeye Farm Mgmt & Real Estate and/or the auctioneers.

Tracts:  Farm will be sold in four tracts. Tract 1 - 137 +/- Acres. Tract 2 - 137 +/- Acres. Tract 3 - 103 +/- Acres. Tract 4 – 188 +/- Acres. ( Tract 1 & 2 Subject to Survey )

Auction Method:  The property will be sold on a price per acre basis based on acreages obtained from the Dallas County Treasurer. All tracts will be offered through the marketing method of “Buyer's Choice" whereas the high bidder can purchase ( in any order ) any or all tracts for their high bid. The tracts will not be offered in their entirety at the conclusion of the auction.

FSA:  All FSA information, maps, field boundaries and acres are presumed accurate based on the best available information and knowledge of the seller and United Country Hawkeye Farm Management & Real Estate.

As is-where is:  Property is sold “AS IS-WHERE IS” and the Buyer should take time to examine this property thoroughly and rely on their own judgement. It will be the buyer’s responsibility to sign binding agreement with the Dallas County Sanitarian for future installation or demolition of home septic system located on Tract #2 which is being sold subject to home tenant’s rights ending February 29, 2024. The only guarantee from the Seller is a valid, good, and marketable title to the property. Neither the Seller, United County Hawkeye Farm Mgmt & Real Estate, or the Auctioneers are giving any warranties other than a clear title. Buyer must conduct their own inspections at their own expense prior to bidding at the auction. Auctioneers, United Country Hawkeye Farm Mgmt & Real Estate, or its agents are not responsible for any representation made by Seller or their employees and are not responsible for accidents on the sale property should any occur. Contact United Country Hawkeye Farm Mgmt & Real Estate at 641-932-7796 or Luke Nissen at 712-304-4827 for private showing prior to day of sale.

Taxes:  Taxes will be pro-rated to the date of closing and based on tax acres as sold per Dallas County Treasurer.

Possession:  Farm is leased for the 2023 growing season and possession will be given on March 1, 2024. This lease includes all farmland acres, grain bins, and home on all tracts. No cash rent will be credited to the buyer at closing. CRP payment on all tracts will be pro-rated upon the date of deed recording.

Mineral Rights:  All mineral rights, if any, owned by the Seller will be conveyed to the Buyer.

Subject to:  The sale of this property is subject to any and all easements of record, covenants, restrictions of record and leases.

Contract and Earnest Payment:  Buyer and Seller will enter a standard format Contract for the Sale of Real Estate on the day of auction. Contract will call for 10% earnest money on the day of sale to be held in Hawkeye Farm Mgmt Trust in the form of a personal, corporate or cashier’s check with the balance of the purchase price due, in certified funds, at closing on or before October 31, 2023. Contracts will contain no financing or inspection contingencies and Buyer must have their own financing and make their own inspections prior to bidding at this auction. Seller will provide abstract continued through date of sale to Buyer’s attorney for title opinion and deliver title by General Warranty Deed. Buyer will be responsible for their own mortgage policies of title insurance (if applicable). The 2022-2023 Property taxes will be prorated. Exact legal to come from deed and abstract.  Buyer is responsible for their own investigation of property and/or zoning for their intended use.

Day of Auction:  Announcements made by the United Country Farm Mgmt & Real Estate and Auctioneers ahead of or during the time of sale take precedence over any previously printed materials or any oral statements made. The sale will be controlled by the auctioneer. United Country Hawkeye Farm Mgmt & Real Estate and Auctioneers represent the Seller only. If a tie or dispute occurs between two or more bidders, the Auctioneer may re-open the bidding at the Auctioneer’s sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. Auctioneer reserves the right to reject any bid that is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. Auctioneer reserves the right to enter bids on behalf of absentee/phone bidders as well as the Seller. Any and all decisions of Auctioneer regarding the conduct of the auction shall be final without liability to any party.

Agency:  Auction Company United Country Hawkeye Farm Mgmt & Real Estate, Auctioneer and their representatives are exclusive agents of the Seller. Jon Hjlem with the Acre Company acts as the Auctioneer.

THE BIDDING WILL ONLY LAST A FEW MINUTES, AND THE AUCITONEER HAS FINAL SAY.