The Faber farms sold on July 9, 2013 at the American Legion Hall, Forest City. The North parcel went for $8,100 per acre, and the South parcel for $7,750.
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FARM DATA:
FABER TRUST
NORTH FARM
NORTH FARM
TOTAL TILLABLE ACRES:
78.01 Acres M/L
Total Deeded acres:
Approx 80
GENERAL DESCRIPTION:
NE ¼ of SE ¼ and SE ¼ of NE ¼ §12, Forest Twp. Winnebago County Iowa.
Directions: from Leland,
Iowa, ½ Mile South, 1 Mile East, ½ Mile South
From Forest City, East on Hwy 9 to Vet Clinic corner, then
North 3 ½ Miles, Farm is on the West side of Road.
HISTORIC CSR: 58.3
General Lay of the Land:
The farm lays rolling to
generally level; the configuration is excellent! The North Farm is a perfect rectangle.
None of the farm is in CRP, the
is HEL and none is certified
wetland.
The land is accessible on the
South and on the East.
The farm is located close to
several Grain Buying Points and three major corn buyers, Rembrandt and
Christiansen, chicken and hog facilities, respectively and the local
elevators.
Corn/Bean Base Acres:
Corn Base: 47.2
Bean Base: 29.3
Drainage:
This farm is in Drainage
District 70, for the most part and is served by a nearby lateral which appears
to come to the farm on the roadway on the Southeast area. The high point of the District appears to run
North and South along the middle of the farm, the West side of the farm appears
to fall off pretty well to the West. See
Tile Map.
Private tiling has been done, we do not have a private tile map available. There is enough slope in most of the farm to allow easy directional surface runoff and it is easy to calculate where to place or maintain tile to keep this farm dry (no problem last year!). Iowa weather is one of averages. It is never average. We will have very dry years and very wet years.
Soil Types and Amounts:
The land is predominantly Shorewood
Silty Clay Loam (38%), Kilkenny clay loam (23.5%) and Minnetonka silty clay
loam (23.3%)., This farm has been deemed by the FSA to be HEL. The Shorewood is considered prime type soil which is very desirable. The farm is about an average farm.
Shorewood
silty clay loam 1-3% grade Soil 855
This
is relatively level to gently sloping and generally poorly drained in the low,
shallow depressions unless underlaid with drain tile. It may be subject to ponding in wet
years. This soil classification The surface area is generally black, silty
clay loam and about 10 inches thick. It
has a thick subsurface area which is also black silty clay loam. It is about 5 inches thick. The subsoil is about 27 inches thick. The upper part is dark grayish brown and the
lower part is dark grayish brown. The
substratum to about 60 inches is grayish brown silty clay loam.
This
is well suited to corn, soybeans and small grains. Drainage is generally
installed in most area to improve the timeliness of fieldwork. Tile drains should be more closely spaced
than those in soils that have less clay in the subsoil.
This
is Prime Farmland according to the USDA.
Minnetonka
Silty Clay Loam CSR 63 Soil Type:
583
This
is a level and generally poorly drained slowly permeable soil in areas which
were glacial moraine areas of native trees and grasses. This soil may be subject to ponding in low
areas in wet years, The surface area is
generally good soils about 3-10 inches thick.
Though permeability is moderately slow the area can grow a good
crop. This soil is poorly adapted for
alfalfa, but can grow a good row-crop such as corn or beans.
Kilkenny
clay loam 836C2 5-9% slopes
This
is steep and very steep, well drained soil on glacial end moraines. The areas range from 3 – 10 acres and are
irregularly shaped. Typically, the
surface layer is very dark gray and very dark grayish brown clay loam about 4
inches thick. The subsurface layer is
very dark grayish brown and dark grayish brown clay loam about 3 inches
thick. The subsoil is clay loam about 28
inches thick. Permeability is moderately
slow in the Kilkenny soil and runoff is very rapid. Available water capacity is high, about 2 to
2.5 % . Reaction is slightly acid or
neutral in the surface soil and mildly alkaline in the substratum. The subsoil generally has a low supply of
available phosphorus and low supply of potassium. This can be HEL soil.
Historic
CSR 39
Configuration:
This farm is a perfect
‘rectangle’. The farm has a county road
right of way on the long side and that is about as good as it gets! There are no point rows and no obstacles to
keep you from getting in and getting out.
Terms: 20% down in cash at auction. The farm is rented to the Kingland brothers for
the 2013 crop year. The Buyer will get $150.00
times the 78.01 Acres in cash rent. The Buyer will get that money in December,
2013. The tenancy is terminated for the next year, you can farm it in 2014. The current tenant may approve early
possession when crops are off the field.
Taxes: $1,750 per year. Farm Real Estate Taxes pro-rated to August 5,
2013—Buyer will receive $150.00 as rent income in December, 2013. Buyer given a credit based on current
taxes. Seller will pay all taxes
payable.
Closing is
set for August 5, 2013, but can be delayed for a short time upon approval by
Seller, it is important to close before the end of November. Have your finances in order. Proxy bidding by prior approval, only. No Buyer’s Premium.
Abstract
will be delivered at the auction to the Buyer’s attorney. It will show marketable title in the Trust
and Warranted to time of closing.
The farm is owned by a
Trust. A Trustee’s Warranty Deed will be
given upon payment in full of the purchase price at closing.
Summary:
This is a good farm which I
consider to be “good” farmland. On a
scale of 1 -10 this would rate about an 7.5 compared to other Iowa farms. The
farm would be considered desirable in today’s market and profitability
atmosphere.
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FARM DATA:
SOUTH FARM
TOTAL TILLABLE ACRES:
65.17 Acres M/L
Total Deeded acres:
Approx 67
GENERAL DESCRIPTION:
N1/2 of NW1/4 §30, Mt. Valley Twp. Winnebago County Iowa EXCEPT acreage
described at 002495 (7.67A) and EXCEPT Grove in SE art of farm and one acre
directly East of Grove, to be surveyed, (approx 3.3Acres ML)
Directions: From
Forest City, East on Hwy 9 to Vet Clinic corner, then North 1 ½ Miles, Farm is
on the East side of Road.
HISTORIC CSR: 59.4
The farm lays rolling to
generally level; the configuration is good.
The farm lays generally East and West, with a rectangle acreage out of
the center of the West side. There will
be the grove out of the farm on the SE corner and the north line of the grove
will extend East to the roadway. That
will remove about one acre of tillable ground, but the history is this: The acreage owner has rented his 3.4 acres of
farm land in front of his house to the
land tenant and may also do the same with the other acre East of the
Grove. The survey is ordered and will be
done, hopefully, at the time of the sale.
We will sell 65.17 acres and that will be the number times the money,
regardless of the actual number of tilled acres. See Calculation of Acres
None of the farm is in CRP, none
is HEL and none is certified
wetland.
The land is accessible on the
West and on the East.
The farm is located close to
several Grain Buying Points and three major corn buyers, Rembrandt and
Christiansen, chicken and hog facilities, respectively and the local
elevators.
Corn/Bean Base Acres:
Corn Base: 41.6
Bean Base: 27.4
HOWEVER, this was based on the FSA data available at
the time of printing. The FSA was not
aware that the acreage on the West was ‘squared off’ a number of years ago and
was counting a bit of the acreage as this farm.
Also, there is one acre on the East of the grove (SE corner of farm)
which is to be sold off with the grove to the acreage dweller. This will remove one acre from this
farm.
Drainage:
This farm is in Drainage
District 5, for the most part and is served by two nearby 8”laterals which
appears to come to the farm from the roadway on the West side, one enters the
farm just south of the driveway to the acreage, then proceeds East for a while
and follows the low area draining off to the Southeast to the open ditch. It looks like there maybe in intake on the
ROW north of the driveway, too. This
does not appear on the County Tile map I have in this packet. There was some washing with the recent heavy
rains, but that is mostly on the acreage owner’s land. The other begins in the area just West of the
Grove (on SE part of farm) and joins the other lateral to form a 12” drain
which goes to the ditch. See Tile Map.
Private tiling has been done, we do not have a private tile map available. There is enough slope in most of the farm to allow easy directional surface runoff and it is easy to calculate where to place or maintain tile to keep this farm dry (no problem last year!). Iowa weather is one of averages. It is never average. We will have very dry years and very wet years.
Soil Types and Amounts:
The land is predominantly Kilkenny
clay loam (46%), Shorewood Silty Clay Loam (13.4%), and Minnetonka silty clay
loam (13.3%)., This farm has been deemed by the FSA to be NHEL. The Shorewood is considered prime type soil which is very desirable. The farm is about an average farm.
Shorewood
silty clay loam 1-3% grade Soil 855
This
is relatively level to gently sloping and generally poorly drained in the low,
shallow depressions unless underlaid with drain tile. It may be subject to ponding in wet
years. This soil classification The surface area is generally black, silty
clay loam and about 10 inches thick. It
has a thick subsurface area which is also black silty clay loam. It is about 5 inches thick. The subsoil is about 27 inches thick. The upper part is dark grayish brown and the
lower part is dark grayish brown. The
substratum to about 60 inches is grayish brown silty clay loam.
This
is well suited to corn, soybeans and small grains. Drainage is generally installed
in most area to improve the timeliness of fieldwork. Tile drains should be more closely spaced
than those in soils that have less clay in the subsoil.
This
is Prime Farmland according to the USDA.
Minnetonka
Silty Clay Loam CSR 63 Soil Type:
583
This
is a level and generally poorly drained slowly permeable soil in areas which
were glacial moraine areas of native trees and grasses. This soil may be subject to ponding in low
areas in wet years, The surface area is
generally good soils about 3-10 inches thick.
Though permeability is moderately slow the area can grow a good
crop. This soil is poorly adapted for
alfalfa, but can grow a good row-crop such as corn or beans.
Kilkenny
clay loam 836C2 5-9% slopes
This
is steep and very steep, well drained soil on glacial end moraines. The areas range from 3 – 10 acres and are
irregularly shaped. Typically, the
surface layer is very dark gray and very dark grayish brown clay loam about 4
inches thick. The subsurface layer is
very dark grayish brown and dark grayish brown clay loam about 3 inches
thick. The subsoil is clay loam about 28
inches thick. Permeability is moderately
slow in the Kilkenny soil and runoff is very rapid. Available water capacity is high, about 2 to
2.5 % . Reaction is slightly acid or
neutral in the surface soil and mildly alkaline in the substratum. The subsoil generally has a low supply of
available phosphorus and low supply of potassium. Historic CSR
39
Configuration:
This farm has a good layout
with the acreage “squared up”. There is
opportunity to be the only viable renter on about 31/3 acres near the front
(West side) of the Acreage and the acre to the East of the Grove on the far
side of the farm The farm has a county
road right of way on BOTH ends, and that is about as good as it gets for access! The only diagonal rows are the few rows which
are on the West border of the Grove. The
grove tree line is not ‘squared up’ because the slant follows the low area of
the farm so it remains available for your manifold pipe in the event you want
to improve drainage with pattern tile. There
are very few point rows and few obstacles to keep you from getting in and
getting out.
Terms: 20% down in cash at auction. The farm is rented to the Ron Redenius for the
2013 crop year. The Buyer will get
$150.00 times the 65.17 Acres in cash
rent. The Buyer will get that money
in December, 2013. The tenancy is terminated for the next year, you can farm it
in 2014. The current tenant may approve
early possession when crops are off the field.
Taxes: $1,506 per year. Farm Real Estate Taxes pro-rated to August 5,
2013—Buyer will receive $9,775.50 as rent income in December, 2013. Buyer given a credit based on current
taxes. Seller will pay all taxes
payable.
Closing is
set for August 5, 2013, but can be delayed for a short time upon approval by
Seller, it is important to close before the end of November. Have your finances in order. Proxy bidding by prior approval, only. No Buyer’s Premium.
Abstract will
be delivered at the auction to the Buyer’s attorney. It will show marketable title in the Trust
and Warranted to time of closing.
The farm is owned by
a Trust. A Trustee’s Warranty Deed will
be given upon payment in full of the purchase price at closing.
Summary:
This is a good farm which I
consider to be “good” farmland. On a
scale of 1 -10 this would rate about a 7 3/4 compared to other Iowa farms. The
farm would be considered desirable in today’s market and profitability
atmosphere.
All announcements made on sale day take precedence, all data
taken from sources believed to be reliable, the FSA office and NRCS data, the
Drainage Record Books and the Assessor’s office and Treasurer’s records are
open for inspection. This Sales Data Packet
is not intended to be a Guarantee, nor is it a substitute for the Buyer’s own
careful inspection.