76.27± ACRES/ MONONA CO, IA

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Auction Description:

76.27± ACRES/ MONONA CO, IA
Date/Time: March 18, 2025, 3:00 pm (America/Chicago)
Auction Location: Community Center, 320 10th St, Onawa, IA 51040

About This Auction
Ranch & Farm Auctions, a division of Whitetail Properties Real Estate, is representing John and Gail Shook in the sale of 76.27 +/- taxable acres of premium Monona County, Iowa farmland. Located in Section 5 of the Lincoln Township, due west of Whiting, this highly tillable farm consists of 75.43 FSA tillable acres carrying a weighted average CSR2 of 75.0. The soils consist mainly of Onawa silt loam, Haynie silt loam and Modale silt loam with slope ratings between 0 – 2 percent. In eight of the last thirteen years, this farm has been in seed corn production with the potential for future seed corn contracts. In recent years, it has yielded +65 bushels/acre of soybeans and up to 250 bushels/acre of field corn.

The farm also includes a 1257’ long 7-tower Zimmatic center pivot irrigation system that was installed in July of 2007. This system can provide nearly 90% coverage of the cropland acres of this farm. Being able to control when the right amount of water reaches your crop is essential for producing high yields and maximizing profits.

This is an exceptional farm with good drainage that far exceeds the Monona County average CSR2 of 59.1 and will continue to produce strong yields year after year. This farm would make for a solid investment to diversify your portfolio or be a terrific addition to your current farming operation. For more information about this incredible farm, call the listing agents.

Property Location: From Whiting, travel west on County Highway E24 for 3 miles. After you cross I-29, turn left (south) on County Highway K42. Travel on K42 for 1.1 miles. Turn right (west) on 170th St and travel for just under 1 mile to the subject property. Auction signage will clearly identify the property location.

Farm Information: 76.27 Taxable Acres. 75.43 FSA Cropland Acres.

Farm Number: 6195

Tract Number: 1868

Legal Description: W1/2 SE1/4 OF SECTION 5, TOWNSHIP 84 NORTH, 46 WEST, MONONA COUNTY, IOWA. The exact legal to come from the abstract prior to closing.

Taxes: 2024 property taxes are $3,128.00

Representing Attorney:

Willson & Pechacek P.L.C. – Attorney Lee Rankin

421 West Broadway, Suite 200, Council Bluffs, IA 51503

(712) 322-6000

Ranch & Farm Auctions is a licensed trade name of Whitetail Properties Real Estate LLC
Richard F Baugh, Iowa Broker License # B57515100
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Garret Armstrong, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 641.757.9156
Kyle Karcher, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 712.308.2444
Peter Ryerson, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 402.960.5505
Cody Lowderman, IA Auctioneer, B64012000

Terms of Sale
Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction – cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted – Bidders shall rely entirely on their own information and judgments

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