JULY 17 - 10:00 AM - Cotton Grave Farm Management

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JULY 17 - 10:00 AM

AMERICAN LEGION HALL - SIOUX RAPIDS, IA

AUCTION 271.2 Surveyed Acres & Improved Acreage Selling in 5 Tracts Douglas Township • Clay County, IA Location: From the intersection of Hwy 10 & 71 north of Sioux Rapids, IA Tracts 1 & 2 Tracts 3, 4 & 5

• 1/2 mile west on Hwy 10 • 3 1/2 miles west on Hwy 10

Tract 1 - 59.8 Surveyed Acres - East 60 acres in the

Northeast Quarter (NE ¼) of Section Thirty-five (35), Township Ninety-four (94) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Full legal to be taken from survey. Real Estate Taxes: $1531 Annual (est.) Average CSR: 78.2 Primary Soil Types: McCreath, Gillett Grove & Sac

Tract 2 - 59.8 Surveyed Acres - West 20 acres in the

East Half (E ½ ) Northeast Quarter (NE ¼) and East Half (E ½ ) West Half (W ½ ) Northeast Quarter (NE ¼ ) of Section Thirty-five (35), Township Ninety-four (94) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Full legal to be taken from survey. Real Estate Taxes: $1531 Annual (est.) Average CSR: 80.5 Primary Soil Types: McCreath, Gillett Grove & Sac

Combined FSA Information for Tracts 1 & 2 Cropland Acres 116.2 Corn Base Acres 61.2 Soybean Base Acres 51.6

Direct Yield Direct Yield

125 38

CC Yield CC Yield

125 38

See reverse side for information on Tracts 3, 4, & 5

www.cottongrave.com

Tract 3 - 75.9 Surveyed Acres -

South Half (S ½ ) Southeast Quarter (SE ¼ ) of Section Twenty-nine (29), Township Ninety-four (94) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Excluding a 3.2 acre building site. Full legal to be taken from survey. Real Estate Taxes: Average CSR: Primary Soil Types:

$1761 Annual (est.) 78.2 Afton, Ransom, McCreath & Gillett Grove

Tract 4 - 75.7 Surveyed Acres - South Half (S ½ )

Southwest Quarter (SW ¼ ) of Section Twenty-nine (29), Township Ninety-four (94) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Excluding a 4 acre cemetery. Full legal to be taken from survey. Real Estate Taxes: $1810 Annual Average CSR: 79 Primary Soil Types: Ransom, Gillett Grove, McCreath & Sac

Combined FSA Information for Tracts 3 & 4 Cropland Acres 141.9 Corn Base Acres 75.6 Soybean Base Acres 61.6

Direct Yield Direct Yield

125 38

CC Yield CC Yield

125 38

Tract 5 - 3.2 Surveyed Acres - Improved acreage located in the

Southwest Quarter (SW ¼ ) Southwest Quarter (SW ¼) Southeast Quarter (SE ¼) of Section Twenty-nine (29), Township Ninety-four (94) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Full legal to be taken from survey. Improved acreage consisting of a 1960 sq. ft. manufactured home, 48’ X 60’ insulated shop, 2 grain bins which provide 17,500 bushels of storage. Located on Iowa State Hwy 10. Ideally located between Sioux Rapids and Linn Grove, IA.

Real Estate Taxes:

$1761 Annual (est.)

AUCTION TERMS: 10% earnest money down day of sale. Balance due at closing on or before August 20th, 2013. All tracts will be sold as choice and will not be combined. Possession is subject to a cash lease for 2013. Buyer to receive the second half of the 2013 cash rent and 100% of the flex payment. All final bids are subject to the approval of the seller.

Investors and farmers: Here is an excellent opportunity to purchase highly desirable farmland in Clay County, Iowa. The Roberts farms have been very well managed and maintained. Tract 3 has a large county tile located in the east end of the farm which provides tile outlet and drainage. Don’t let this opportunity pass you by to own 59.8 to 271.2 acres of prime Iowa farmland. Soil maps, aerial images and surveys are available online at www.cottongrave.com

For More Information Contact John Cotton – 712-262-6425 www.cottongrave.com

Seller: Hugh F. Roberts Estate Attorney: Dick Montgomery, Montgomery, Barry and Bovee- Spencer, Iowa Broker: John Cotton, Cotton-Grave Farm Management, Spencer, IA 712-262-6425 Auctioneers: Clint Jones 712-363-3522 & Ben Hollesen 712-253-5779 Property information provided was obtained from sources deemed reliable, but the Auctioneer, Broker or Seller makes no guarantees as to its accuracy. All acreage figures are approximate or “more or less”. Any announcements made the day of the sale shall supersede any previous information or oral statements. Cotton-Grave Farm Management and the Auctioneers represent the Sellers. Ben Hollesen is a licensed Real Estate Broker Associate with Midwest Land Management and Real Estate, Inc. Spencer, IA.

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