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PUBLIC LAND AUCTION – 158 Net Taxable Acres
Summerset Twp, Adair Co, Iowa
Thursday, November 7 – 10:30 a.m.
Location of Auction: On-Farm
Address: 2367 Indian Ave, Fontanelle, IA 50846

Directions: One mile east of Fontanelle on Hwy 92, north on Indian Ave, watch for signs.

LIVE Auction with ONLINE Bidding

Video and more details: www.RiceAuctionCompany.com

158 NET ACRES
FARM #4250 – TRACT #9694
FARMLAND: 157.08
CROPLAND: 89.64
DCP CROPLAND: 89.64
TAXABLE ACRES: 158
TAXES: $4,672
ANNUAL CORN BASE ACREAGE: 60.40 PLC YIELD: 154
BEAN BASE ACREAGE: 5.30 PLC YIELD: 45
TOTAL BASE ACREAGE: 65.70
CSRII: 58.7
PART OF SEC. 8 – 75N – 32W, Adair Co, Iowa
ACREAGE INFORMATION (sells with farm)
1,064 sq ft main built in 1964
3 bed, 2 bath
Full, unfinished basement
Grain bin w/ drying floor
40′ x 105′ Astro machine shed

Rice Auction Company
Jake Rice – Agent/Auctioneer – 641-202-3315
Jim Hughes – Broker – 712-520-7300

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 December 13, 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. Crop acres are rented for the 2024 crop year.
AGENCY: Auctioneer Jake Rice & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.