Mansfield Farm Co Limited Partnership Public Land Auction

Al Hughes Auction Service

Date(s) 7/18/2024 - 7/25/2024

Live auction will begin on July 25th, 2024 at 10:30 am CST. Internet pre-bidding will begin on July 18th, 2024 at 12:00 pm CST.

Prebidding Open

Shipping Not Available

Catalog

View Catalog (1 Lots)

Bidding Notice:

This is a live auction with online bidding.

Auction Information

Name	Mansfield Farm Co Limited Partnership Public Land Auction
Auctioneer	Al Hughes Auction Service
Type	Live Webcast Auction
Date(s)	7/18/2024 - 7/25/2024
Auction Date/Time Info	Live auction will begin on July 25th, 2024 at 10:30 am CST. Internet pre-bidding will begin on July 18th, 2024 at 12:00 pm CST.
Preview Date/Time	Weather permitting, you are welcome to tour the farm at anytime.
Checkout Date/Time	Winning bidder will sign purchase agreement and put down earnest deposit after auction ends.
Location	508 Main St Silver City, IA 51571
Buyer Premium	No Buyer's Premium
Description	Location of Auction: Silver City American Legion – 508 Main St, Silver City, IA 51571 Directions to Farm: From Silver City, IA – drive North on 287th St for 3 miles, then turn East onto Applewood Rd. Drive 1 mile. The farm is located on the South side of the road. Signs will be posted! FSA Information: Farm #2623 \| Tract #638 Farmland: 112.95 Cropland: 106.06 DCP Cropland: 106.06 Taxable Acres: 110.15 Taxes: $38.18 per acre \| $4,206 annual CSRII: 79.4 Corn Base Acreage: 81.40 PLC Yield: 168 Bean Base Acreage: 23.90 PLC Yield: 45 Total Base Acreage: 105.30 Seller: Mansfield Farm Co. Limited Partnership Auctioneer’s Note: This farm is located in Mills County on the county line Applewood Rd. Most of the farm is Silver Creek bottom. The new buyer will receive the entire 2024 cash rent on January 2nd, 2025. See you at the sale! Contact Allan Hughes at 402-672-3621 or Jim Hughes at 712-520-7300 with any questions.

Terms and Conditions

METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres. TERMS: 10% down day of auction with balance due at closing on or before August 30, 2024. Abstract will be provided. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing. Subject to tenant’s rights. Full farming possession will be March 1, 2025. AGENCY: Auctioneer Allan Hughes & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 95.00	5.00 USD
95.01 - 975.00	25.00 USD
975.01 - 9,750.00	250.00 USD
9,750.01 - 97,500.00	2,500.00 USD
97,500.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	No Buyer's Premium
Payment Terms	Winning bidder will sign purchase agreement after auction ends.

Shipping / Pick Up

Shipping not applicable.