Sold - 82.43 Acres M/l Ringgold Co Iowa Land Auction

Auction Date: 02-23-2024

Descriptions

Auction to be held Friday, February 23rd @ 1pm
Frontier Hall, 402 Central St, Redding Iowa

Directions to the Farm: From Redding Iowa, West on County Highway J55 approximately 3/4 miles to the farm. Farm is located on the South Side of J55. Signs posted.

Brief Legal: The NW 1/4 NE 1/4; The West 32 acres SW 1/4 NE 1/4 and the W 480' NE 1/4 NE 1/4; all located in SEction 15, Township 67 (Clinton) Range 31, Ringgold County, Iowa.

Taxable Acres: 82.43 taxable acres m/l
CSR2: 52 Per Surety Maps on the Tillable Acres
Cropland Acres: 81.56 per FSA
Taxes: $1336 for the 2022 tax year.
Special Assessment: $9.00 paid in 2023.

Possession: Farm is subject to a cash rent lease for the 2024 crop year for $400 per cropland acre, fora total of $32,624. New buyer will assume the cash rent lease and receive 100% of the 2024 cash rent payment directly from the tenant, with the 1/2 half ($16,312) being paid April 1st, 2024 and the 2nd half ($16,312) being paid September 1st, 2024. Buyer will be responsible for terminating the tenant on or before September 1st, 2024 if new buyer does not wish to continue with the lease, and have full possession for the 2025 crop year.