Land Auction | Hancock County, IA | Cropland - Tillable - CRP | 160+/- Acres | #2774

   Add to Calendar 2025-04-10 16:00:00.000 2025-04-10 16:00:00.000 America/Chicago Land Proz Auction Section 36 of Magor TWP - 100 +/- Tillable Acres - 43 +/- CRP Acres - Annual Income - SW of Garner, IA Section 36 of Magor TWP - 100 +/- Tillable Acres - 43 +/- CRP Acres - Annual Income - SW of Garner, IA JJ Wise jjwise@landproz.com
Standard Format Auction
Live with Online Bidding
Type & Format:
Live with Online Bidding
Format:
Standard Format Auction
Acres:
160.00 ±
County:
Hancock County
State:
IA
AuctionCast:
Thursday, April 10, 2025 4:00 pm CDT

160.00 Acres
Hancock County, ia

 

 

 

 

OWNER

Roger & Deb Schmidt

 

AUCTION LOCATION

LandProz.com 

or 

In-Person at:

Kanawha Fire Department

104 S Main Street, Kanawha IA

 

PROPERTY DESCRIPTION

LandProz is pleased to present the Schmidt Farm Auction in Hancock County, IA. This 160 +/- Acres will be offered to the public to bid their price via LandProz AuctionCast at LandProz.com. Online bidding will open April 5, 2025. 

This farm consists of 160 +/- deeded acres in Section 36 of Magor Township, in Hancock County, IA. An auction is slated for April 10, 2025 at 4:00 PM in Kanawha, Iowa. This property boasts a significant agricultural potential, featuring 100.98 +/- acres of tillable cropland, ideal for farming operations. Fertilizer was applied, on or around September 27, 2024, there was 150 lbs Dap and 100 lbs of potash applied per acre. There will be no charge for the application to the buyer.

Additionally, it includes 43.3 acres enrolled in a Conservation Reserve Program [CRP] contract, which offers a lucrative annual payment of $14,014 to the buyer, with the contract set to expire on September 30, 2025. Bidders can participate in this exciting opportunity either in person or online, making it accessible for a wide range of interested investors and farmers looking to enhance their agricultural portfolio.

                    

Please contact Auctioneer & Auction Manager JJ Wise at 641-420-7355 for more information regarding this auction. 

 

PROPERTY FEATURES

• 160 +/- Deeded Acres

• 153.9 +/- Taxable Acres

• 100.98 +/- Tillable Acres

• CSR2 of 51.3 [tillable in production - 55.6 CSR2]

• 43.3 +/- CRP Acres

• CRP Annual Payment $14,014 [$323.64 per acre, expires 9/30/2025]

• Corn Base Acres: 75.40 PLC Yield 147

• Soybeans Base Acres: 25.58 PLC Yield 47

• 2024 Actual Soybean Yield: 55 bu/acre

• Prominent Soil Types: Biscay Clay loam, Linder Sandy loam & Calco Silty Clay loam

• Tenant Possession immediately following auction

• Open to farm 2025

• Taxes will be prorated

• 6 Miles SW of Kanawha, IA

• 10 Miles SE of Corwith, IA

• Located on the Hancock & Wright county line

• Real Estate taxes $2,558 [estimated]

 

TERMS

Two Options: 10% down [non-refundable] of earnest money due on the day of the auction sale. Remainder due on or before May 16, 2025. OR Contract For Deed: 10% down day of auction, another 15% paid by May 16, 2025. Remainder due within 2 years, at 5% interest, paid to seller. Full payment due by May 17, 2027. Farm is open to farm and possession day of sale once earnest money has been paid. 2025 CRP Payment of $14,014 will go to the buyer. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before May 16, 2025. Bidding is dollars per deeded acres, unless otherwise stated by the auctioneer. Buyer[s] to do their own due diligence prior to bidding. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy.

 

Nearby Properties
New Listing
0.20 Acres
Faribault County, mn
View this property
New Listing
5.00 Acres
Waseca County, mn
View this property
New Listing
83.18 Acres
Freeborn County, mn
View this property
View all properties

We are proud to partner with
Landproz Real Estate LLC

LandProz Real Estate, LLC | LandProz of Indiana, LLC

111 East Clark Street, Albert Lea, MN 56007 • 507-373-5660

Broker Brian Haugen – MN, SD, IA, WI, IL, KS, MO • Broker Auctioneer Greg Jensen – MN, IA – 24-21

Broker Tim Young – OH • Broker Andrew Fansler – IN

2024 Copyright all rights reserved LandProz
Terms of Service    Privacy Policy
Auction Live

Auction Sale & Summary

Print

Bid Denied

Your bid of on has been denied.

The following explanation was given:

EXPLANATION

For additional questions, please use the chat feature to contact the auction staff.

Bid History
Please Wait...
Choice Round Completed

Choice Round # has been finalized!

[] has won Choice Round #.

The following tracts were sold:

All tracts in this auction have been sold, the auction will be finalized shortly.

There are unsold tracts, the next round will begin shortly.

Choice Round Completed

You have won Choice Round #!

You have won the following tracts:

You will receive a detailed summary of your purchases at the completion of the entire auction.

For additional information on handling your purchase, please contact the auction manager .

CUSTOM BID

A custom bid is a one-time bid for the amount you specify below.

A custom bid by you will bid the auction up to the amount you specify below in one single bid. Use a custom bid to bid a value higher than the ask to outbid by a larger margin than just the ask.

When your bid is made, the auction will immediately increase by the whole amount below.

$

Your custom bid will require approval by the auction staff. They will be notified when you submit your custom bid.

MAX BID

A max bid is a bid that the AuctionCast system will automatically bid up to, by increment, when outbid by other bidders.

With a Max Bid, you're asking AuctionCast to bid on your behalf every time you're outbid by another bidder up to the amount you specify below.

You can cancel your Max Bid at any time.

If the current bid meets or is greater than your Max Bid, your Max Bid will be automatically cancelled.

$

Your custom bid will require approval by the auction staff. They will be notified when you submit your custom bid.

Lost Top Bid

Gained Top Bid

Lost Top Bid

A bid on Individual Tracts has made your bid for Whole Farm inactive.

To regain Top Bid, you must bid at least the ask price of:

Would you like to raise your bid?

Finalizing Choice Round

You have won round of bidding!

Your winning bid was:

You now have the choice of what lots to take for this auction. Please select your lots to take below.

The clerk has rejected your picked choices. Please contact the auction staff if you have any questions.

Your winning bid was:

The clerk has rejected your picked choices.

Your winning bid was:

Number of Tracts:
Number of Acres: ±
Subtotal:
Total Price:

Please make your picks within the next:
1:45

You may also be contacted by the auction staff shortly.

Terms of Service

To login to the site, please agree to the site Terms of Service:

LandProz / AuctionCast Terms of Service

Description
Bidding Details / Sale Details
Buyers Fees
Amount Description Fee Amount for High Bid
Sign in
Need an Account?
Or sign in with your phone number:
By continuing, you agree to our Terms of Use and Privacy & Cookie Policy.
Sign in - SMS
By continuing, you agree to our Terms of Service and Privacy & Cookie Policy.
Sign in - SMS - Verify

A verification code was sent to . Please enter the verification code to login to your account:

Outbid

Same Bid

Your bid of has been outbid.

Your bid of has been outbid due to same bid.

If two bids are placed for the same price, the bid which was placed first becomes the high bidder.

The current high bid is:

Would you like to raise your bid?

Proof Of Funds
Auction Name
Please upload a letter from your lender, or proof of funds,
to expidite approval for this auction:
If you don't have proof of funds at this time, click 'Skip', and
the Auction Manager will contact you.
Updated Terms and Conditions

Terms and Conditions for

The Terms and Conditions for auction have been updated. You must agree to the updated Terms and Conditions to place bids on this property:

Register for Bidding

Terms and Conditions for

Auction Registration Denied

Your registration to bid has been denied.

The following explanation was given:

EXPLANATION

For additional questions, please use the chat feature to contact the auction staff.

Auction Registration Denied

Your registration to bid has been denied.

The following explanation was given:

EXPLANATION

For additional questions, please use the chat feature to contact the auction staff.

ONE CHANCE SEALED BID AUCTION FORM
Auction Name
I/we hereby offer the following amount(s) for the parcel(s) listed below. I understand this is a private offer, and not publically disclosed:
BID
Please upload a letter from your lender, or proof of funds:
Please review your bids for the parcel(s) listed below:
File Upload
 No File Uploaded
Agreement:
Enter your name to sign this form:
Create Bidding Account
Create Bidding Account - Verify Phone Number

A verification code was sent to . Please enter the verification code to confirm your account:

A verification code was sent to . Please enter the verification code to confirm your account:

Auction Tract Bidding Completed

Bidding has completed for lot #,
you were not the high bidder.

For additional information, please contact the auction manager .

Auction Tract Bidding Completed

Bidding has completed for lot #, you are the high bidder and winner!

You will receive a detailed summary of your purchases at the completion of the entire auction.

For additional information on handling your purchase, please contact the auction manager .

User Settings
Profile detaIls are only visible to you and the auction staff.
Tell us a little about yourself
2 Factor Authentication

Additional verification is required to perform this update. A verification code was sent to . Please enter the verification code to update the user profile:

User Settings