Land represents Prime Southern Iowa recreation land with CRP income!

Located In close proximity to Lake Wapello!

LOCATION & GENERAL INFORMATION: Land is located in Section 25 of Marion Township, Davis County, Iowa and is approximately 6 miles northwest of Bloomfield, Iowa or approximately 10 miles southwest of Ottumwa, Iowa. From the small town of Drakesville, Iowa, go west 3/4 mile on 180th Street to Iron Avenue, then turn right or north 3/4 mile and continue west on 175th Street to Falcon Boulevard, then turn right or north and go approximately 2 miles to farm. (Watch for pre-sale directional signs.)

FSA figures indicate approximately 30 acres tillable with 7.9 acres in CRP at a payment rate of $89.20 per acre through 2018 and 4.5 acres in CRP at a payment rate of $74.26 per acre through 2013. The balance of the farm is in hay and pasture production. There are also two small ponds on this farm that enhances the recreation value of this small tract. Access is on the east by Falcon Boulevard.

METHOD AND TERMS: Farm will be sold on a price per acre basis based on the acreages indicated in this advertisement. Ten percent (10%) of the bid price to be paid on the day of sale with the balance due at closing, which will be on or before October 7, 2011. Possession will be given at closing upon delivery of a merchantable abstract and deed. The 2011 real estate taxes will be prorated to the date of closing based on the last available tax statement. Buyer must show proof of a filed deed to received prorated share of CRP payment. Immediately following the auction, the successful buyer(s) shall enter into a written agreement with the seller. Said agreement, containing the terms and conditions of sale, may be inspected prior to the auction at the office of Rick Lynch, Bloomfield, IA 52537, Phone (641) 664-3188.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".