Iowa Highway 144, Grand Junction, IA 50107 - Greene County

Greene County, Iowa Online Only Farmland Auction Mark your calendar for Thursday, February 20th, 2025! Peoples Company is pleased to represent the Abbey Brianne Paulson Revocable Trust in the sale of 156.03 acres m/l, to be surveyed, of prime Greene County, Iowa farmland. The portfolio consists of two high-quality Central Iowa farmland tracts located north of Grand Junction, Iowa and within close proximity to paved Iowa Highway 144 in Sections 16 & 21 of Junction Township. These farms have been farmed organically in the past, and an incoming buyer would have an opportunity to continue to farm them organically.

Tract 1: 101.25 Acres M/L (acres subject to change after survey is completed) with 95.57 tillable acres carrying a CSR2 of 77.1

Tract 2: 54.79 Acres M/L (acres subject to change after survey is completed) with 53.48 tillable acres carrying a CSR2 of 62.5

These nearly 100% tillable farmland tracts are located in a strong farming community and would make for great add-on tracts to an existing farming operation or an investment for the Buyer looking to diversify their portfolio or hedge inflation. There are several grain marketing outlets located nearby, including grain elevators and ethanol plants, with the Louis Dreyfus Company grain elevator and ethanol plant located half a mile south of Tract 2.

The current farm lease has been terminated and farming rights are available for the 2025 growing season.

Alliant Energy owns multiple substations north of the tracts near Paton, Iowa and south of the tracts in Grand Junction, Iowa, with the tracts lying in between. An overhead transmission line runs between the transmission stations along Iowa Highway 144. These substations have a capacity of 69 Kilovolt and could offer additional land use options for an incoming buyer.

Beaver Creek Wind Project

These two tracts were enrolled in a Windpark Easement Agreement with Mid-American in 2016. Tract 1 has a wind turbine, and receives payments on the turbine, the underlying wires and hardware, and the land. Tract 2 does not have a wind turbine, but receives a payment for the land. The Windpark Easement Agreement will transfer with the land, and the incoming buyers will receive the 2025 wind payments for the respective tracts. Contact the listing agent for more details.

These two tracts will be offered through a ONLINE ONLY auction. Bidding is currently LIVE and will remain open until Thursday, February 20th, 2025 at 3:00 PM Central Time Zone (CST). If you are unable to bid online, accommodations can be made to participate in the auction by contacting the listing agent.

Auction Details & Terms

Greene County, Iowa Online Only Auction

156.03 Acres M/L

Offered as Two Tracts

Bidding Ends: Thursday, February 20th, 2025 at 3:00 PM

The Bidding is Currently LIVE and remains open until 3:00 PM

Seller: The Abbey Brianne Paulson Revocable Trust

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Offering Greene County, Iowa farmland through a TIMED ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding is currently LIVE and will remain open until Thursday, February 20th, 2025 at 3:00 PM Central Time Zone (CST) with closing taking place on or before Tuesday, April 8th, 2025. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the internet service fails to work correctly before or during the auction.

Earnest Money Payment: A 10% earnest money payment is required upon conclusion of the auction. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in Peoples Company's Trust Account.

Possession: Possession of the land will be given At Closing.

Farm Lease: The Farm Lease has been terminated with farming rights available for the 2025 growing season.

Closing: Closing will occur on or about Friday, March 28th, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Abstract.