The ACRE Company - Farms For Sale- Farm Auctions

We Sell Farms

SOLD! - $3,300/acre

324 Acres Clay County - Lone Tree Township

Thursday – June 5, 2008 – 10:00am
Hap Ketelsen Community Center, Everly, Iowa

Location: From Everly: 1/2 mile west on 340th St.

Legal: Northeast Quarter (NE1/4) of Section Eight (8), the Northwest Quarter (NW1/4) of Section Nine (9), and all that part of Section Five (5) South of the former right of way of the Chicago, Milwaukee and St. Paul Railway, all in Township Ninety-six (96) North, Range Thirty-eight (38), West of the 5th PM, Clay County, Iowa containing 324 acres more or less.

Land Description: An inside rectangular unimproved tract of nearly level productive farmland. The cropland is in three fields: 147 acres, 90 acres and 20 acres. The Ocheyedan River crosses the farm diagonally. The balance of the land bordering the river is recreational land offering outstanding hunting. The farm is bordered by a gravel road (340th St.) on the north.

FSA Information :
	Cropland acres	257.2
	Corn Base acres	208.7
	Corn Direct / CC Yield	123/123
	Soybean Base acres	29.9
	Soybean Direct / CC Yield	35/35

Soils: Majority of cropland soils: Coland, Cylinder and Spillville-Coland.
Cropland CSR 70

RE Taxes: $3478.00 annually. Real Estate taxes will be prorated to July 1, 2008.

Possession: At closing, possession is subject to a cash lease for 2008. Buyer will receive $100 per crop acre rent at close.

Terms: 10 percent down day of sale. Balance due at close on or before June 27, 2008.

Brokers Note: The Acre Company is pleased to be selling The Arare Farms, Ltd. 324 acre Clay County farm at public auction. $ 100 per crop acre will go to the new buyer at close. This appealing large river bottom farm offers a blend of productive cropland and outstanding recreational land with great hunting. A unique addition to any farming operation or your current land investments. This sale is subject to the approval of the Sellers at the auction. See you sale day!