179.11+/- Acre Webster County, IA Farmland Auction
Tuesday, November 24th at 10:00am CT
Auction at Heartland Bank Community Room – Gowrie, Iowa
Live auction with online bidding
Farm located from Gowrie 3 miles S on P33 to D68 (390th St), then East ½ mile
Brief Legal Descriptions
Farm 1: E ½ of Parcel Letter A in the NW ¼ & N ½ SW ¼ in Section 35, T86N, R30W 5th P.M., Webster County
Farm 2: W ½ of Parcel Letter A in the NW ¼ & N ½ SW ¼ in Section 35, T86N, R30W 5th P.M., Webster County, Iowa (Gowrie Township)
General Description & Method Of Sale
179.11 net taxable acres of highly productive, well located Webster County farmland offered in 2 parcels
Farm 1: Will be offered on the basis of 90.69 net taxable acres with the final sales price being determined by the high bid times 90.69. Farm 2: Will be offered on the basis of 88.42 net taxable acres with the sales price being determined by the high bid times 88.42
The farms will be sold using the Bidder Choice method. The high Bidder may select Farm 1 or Farm 2. If they select both parcels the sale will be over. If they select 1 parcel, it will be marked sold and the remaining parcel will be sold. They will NOT be recombined or reoffered in any way.
FSA DATA (whole farm): Effective Cropland acres of 178.81; Corn base of 90.14 acres with a PLC yield index of 168; Soybean base of 86.02 acres with a PLC yield index of 47
The current real estate taxes amount to: Farm 1: $3,266/year; Farm 2: $3,070
Surety Digital Soil Service indicates a CSR2 for Farm 1: 81.3; Farm 2: 78.2
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 January 13, 2026. Possession will be given upon closing subject to the existing cash rent lease that formally expires March 1, 2027. 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.
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 - 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. These 2 Webster County farms are extremely well soiled and are being offered in manageable sized parcels. These farms would make a great addition to any operation or would offer an outstanding investment opportunity. We hope to see you at the auction!
Jim R. Green
Noreen K. Krisher, Owner
Attorney for Seller: Nicholas Cochrane, Fort Dodge, IA
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