114+/- Acre Newell Township, Buena Vista, IA Farmland Auction
Wednesday, March 25th at 10:00am CT
Allee Building – Newell, IA
Live auction with online bidding
If you plan to bid online you must register 48 hours in advance in order to be approved.
Farm is located on West edge of Newell on HWY 7
Brief Legal Descriptions
Farm 1: NE1/4 NE1/4 ex. .17 acres in NE corner of NE1/4NE1/4 and except Lot E in the NE1/4 NE1/4
Farm 2: S1/2 NE1/4, both in Section 19, Township 90 North Range 35 West, Buena Vista County, IA (Newell TWP)
General Description & Method of Sale
114.99 acres of highly productive, well located Buena Vista County, Iowa farmland offered in 2 parcels:
Farm 1 Will be offered on the basis of 34.99 acres with the final sales price being determined by the high bid times 34.99. There is currently 1.20 acres enrolled in a CRP program that is paying $300/acre and expires 9-30-2031.
Farm 2 will be offered on the basis of 79 net taxable acres with the final sales price being determined by the high bid times 79. There is currently 7.20 acres enrolled in CRP program paying $300/acre and expires 9-30-2031.
Current FSA Data (whole farm): Cropland acres of 85.55; Corn base of 49.65 acres with a PLC yield index of 166; Soybean base of 31.99 acres with a PLC yield index of 46.
The current real estate taxes amount to: Farm 1: $3,565/year (will change once acreage is removed from tax statement) Farm 2: $2,886/year
Surety Digital Soil Service indicates a CSR2 (on tillable): Farm 1: 88 ; Farm 2: 87.5
Farm 1 Aerial Farm 1 Soil Map Farm 2 Aerial Farm 2 Soil Map
Terms of Sale
Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before May 12th, 2026. Possession will be given upon closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Sellers in this real estate auction. The property is being sold as-is, where-is with no warranties either written or implied. Any announcements made day of sale will supersede any advertising. Buyer may begin farming the farm prior to closing once the downpayment has been paid at their own risk and expense. Seller will assign their interest to CRP at closing as of October 1, 2025, Buyer will enter into successor in interest agreement with BV County FSA to assume CRP contract.
Simulcast Internet Bidding
In addition to the Live Auction, there will be Live Simulcast Internet Bidding also available. All online bidders are subject to the same terms and conditions as bidders in attendance. You must register at least 48 hours in advance in order to be approved to bid online, please contact us with any questions.
Auctioneer’s Note - This auction offers an outstanding opportunity to purchase a well soiled farm on the edge of Newell. These farms would fit into any operation and offers TONS of future development potential! Throughout many nations and cultures, wealth has always been determined by land ownership. Rich Iowa farmland offers steady income and strong security. The common phrase “the best investment on earth is earth itself” could not be more applicable than in today’s world.
We hope to see you all at the auction or join us online!
Jim R. Green
Alyce V. Falkner Estate, Owner
Attorney for Seller: Dan Connell, Dan Connell P.C., Storm Lake
Administrator for Estate: Josh Walsh, Gailey & Walsh Law Offices, Newell
Sale Arranged & Conducted By:
Green Real Estate & Auction Co.
712-662-4442
Sac City, IA
www.greenrealestate-auction.com
420 W Main St
Sac City, IA
50583
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