Mayer Family Trust Public Land Auction

Al Hughes Auction Service

Date(s) 3/19/2024 - 3/26/2024

Live auction will begin on March 26th, 2024 at 10:30 am CST. Internet pre-bidding will begin on March 19th, 2024 at 12:00 pm CST.

Past Auction

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Catalog

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Bidding Notice:

This is a live auction with internet bidding.

Auction Information

Name	Mayer Family Trust Public Land Auction
Auctioneer	Al Hughes Auction Service
Type	Live Webcast Auction
Date(s)	3/19/2024 - 3/26/2024
Auction Date/Time Info	Live auction will begin on March 26th, 2024 at 10:30 am CST. Internet pre-bidding will begin on March 19th, 2024 at 12:00 pm CST.
Preview Date/Time	Weather permitting, you are able to tour the farm at anytime.
Checkout Date/Time	Winning bidder will sign purchase agreement and put down earnest deposit after auction ends.
Location	709 S Fremont St Shenandoah, IA 51601
Buyer Premium	No Buyer's Premium
Description	Directions to the Farm: From Shenandoah, IA – Take A Ave South 1 mile, turn East on 220th St, then South on B Ave. Drive 1.5 miles. The farm is on the East side of the road. Signs will be posted! FSA Information: Farm #4946 \| Tract #287 Farmland: 162.62 Cropland: 134.50 Taxable Acres: 158.5 Taxes: $22.50 per acre / $3,566.25 annual Corn Base Acreage: 75.20 PLC Yield: 110 Total Base Acreage: 75.20 CSRII: 67.4 SW 1/4 of Section 17 – 68N – 39W, Page County, IA Auctioneer’s Note: This farm has open tenancy for the 2024 crop year. Gently rolling hill farm with tons of potential. Many acres to pickup within the fences. See you at the auction! Seller: Trent and Jane Mayer Family Trust

Terms and Conditions

METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres. TERMS: 10% down day of auction with balance due at closing on or before May 3, 2024. Abstract will be provided. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing. Buyer able to farm the property once purchase agreement is signed and earnest deposit is in the bank. AGENCY: Auctioneer Allan Hughes & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 95.00	5.00 USD
95.01 - 975.00	25.00 USD
975.01 - 9,750.00	250.00 USD
9,750.01 - 97,500.00	2,500.00 USD
97,500.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	No Buyer's Premium
Payment Terms	Winning bidder will sign purchase agreement after auction ends.

Shipping / Pick Up

Shipping not applicable.

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.