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PUBLIC LAND AUCTION 

2 TRACTS – 419 NET TAXABLE ACRES
RINGGOLD AND DECATUR COUNTY, IOWA 

THURSDAY, APRIL 17, 2025 @ 10:30 AM

LOCATION OF AUCTION: DECATUR COUNTY FAIRGROUNDS
1700 NW CHURCH ST, LEON, IA 50144

TRACT 1 – 235 ACRES

FARM #797- TRACT #1245
FARMLAND: 232.71
CROPLAND: 183.19       DCP CROPLAND: 183.19
TAXABLE ACRES: 235
TAXES: $3,322 ANNUAL | $14.14 PER ACRE
CORN BASE ACREAGE: 45.30     PLC YIELD: 89
OATS BASE ACREAGE: 6.20        PLC YIELD: 47PART OF SEC. 22 – 68N – 29W, Ringgold Co, Iowa
DIRECTIONS TO FARM: From Mount Ayr, IA – drive East on Hwy 2 for 2 miles, then turn South onCounty Rd P54/250th Ave. 3 miles. The farm is onthe East side of the road. Signs will be posted! 

TRACT 1 AUCTIONEER’S NOTE: This farm is currently being used as a grazingpasture with tremendous grass production throughout the farm. This farm features 4ponds that appear to be in good shape and a 2,500-bushel bin. Good fence surroundingthe property with the road frontage fence replaced within the last 2 years, multipleaccess points along the west and south property lines. This farm is open for the 2025production year with full possession upon closing. If you’re looking to expand your cattleoperation or soften the load on existing pasture this farm needs to be on your radar.

TRACT 2 – 184 ACRES

FARM #4316- TRACT #7645
FARMLAND: 181.79
CROPLAND: 80.71
DCP CROPLAND: 80.71
TAXABLE ACRES: 184
TAXES: $2,140 ANNUAL | $11.63 PER ACRECORN
CORN BASE ACREAGE: 46.00
PLC YIELD: 96
TOTAL BASE ACREAGE: 46.00
CSRII: 33.5
PART OF SEC. 34 – 69N- 24W, Decatur Co, Iowa
DIRECTIONS TO FARM: From Leon, IA – East on Hwy 2 for 6.5 miles, then turn South on ValleyRd. 2 miles. The farm is on the East side of theroad. Signs will be posted!

TRACT 2 AUCTIONEER’S NOTE: This farm is currently being used as a grazingpasture that features 2 ponds that provide ample water supply. Additional featuresinclude an enclosed shed 40 x 60, (1) 12,000-bushel bin and (1) 1,500-bushel bin.Interior fence was replaced within the last year on the west line and 4 years on the northline. BIG TIME hunting potential with the surrounding landowners managing to growlarge whitetails. Do not miss this opportunity to purchase an elite farm in the heart ofSouthern Iowa’s Golden Triangle! 

METHOD OF AUCTION: Farms will be sold on a dollar per acre basis to be multiplied by thenet taxable acres.
TERMS: 10% down day of auction with balance due at closing. Closing to be May 30, 2025.Abstracts will be provided.
ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contractimmediately following the auction. All bids are subject to seller’s approval. Your bidding is notsubject to financing, so financing must be arranged prior to auction.
POSSESSION: At closing. Farming possession will be granted once purchase agreement issigned.
AGENCY: Auctioneer Allan Hughes, Agents Adrian Wolfe and Jake Rice, & Jim HughesReal Estate are agents for & represent the sellers. All bidders will be considered customers,not clients.

SELLER: ROBERT & RUBY SMITH REVOCABLE TRUST

LIVE AUCTION W/ONLINE BIDDING!

Rice Auction Company
Adrian Wolfe – Agent – 641-414-2256
Jake Rice – Agent/Auctioneer – 641-202-3315
Allan Hughes – Agent/Auctioneer – 402-672-3621
Jim Hughes – Broker – 712-520-7300

WWW.ALHUGHESAUCTION.COM

DISCLAIMER: Announcements made by the auctioneer at the time of sale will take precedence over any previously printed material or any other statements made. All information contained in the brochure and all related materials are subject to terms & conditions outlinedin the agreement to purchase. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting hisor her own independent investigations, inspections, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy or omissions isassumed by the seller or the auction company. All sketches & dimensions in this brochure are approximate & have been estimated based on aerial photographs. Conduct of the auctions increments of bidding are at the direction & discretion of the auctioneer.