FARMLAND AUCTION

Friday, October 15, 2010 @ 2:00 p.m.

Located at 2470 – 520^th St SW Kalona, IA

Directions: 10 miles South of Iowa City or 5 miles North of Kalona on Hwy 1 then East 1 ½ miles on 520^th St to 2470 (watch for signs).

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Tract 1: Consists of 42 acres M/L w/37.5 acres tillable. Tract has an average CSR of 77.3 w/ a corn soybean rotation. Soil types include: Mahaska, Givin, Ladoga, Ackmore and Colo-Ely Complex. This tract also includes a 1950’s two story home with 1,952 sq ft.  There are 5 bedrooms, 1½ bath, enclosed porch, attached garage, gas heat & central air.  This home features all hardwood floors. Also included is a 30x32 shop, 20x36 nursery, older corn crib and a quonset machine shed.  Legal Description: SE ¼ of the SW ¼ except auditors parcel A, Section 17 and including NE ¼ of the NE ¼ of the NW ¼ section 20 all in Sharon Twp. 

Tract 2: Consists of 50 acres M/L all in one field w/ an average CSR of 82.2 and corn soybean rotation.  Soil types include: Taintor, Gara, Otley, Sperry, Mahaska, Givin, Ladoga, Ackmore and Colo-Ely Complex. Legal Description: NW ¼ of the NE ½ of the NW ¼ & S ½ of the NE ¼ of the NW ¼ & W ½ of the SE ¼ of the NW ¼ of Sec 20, Sharon Twp.

Tract 3: Consists of 40 acres M/L all in one field w/ an average CSR of 88 and corn soybean rotation.  Soil types include: Taintor, Gara, Otley, Sperry, Mahaska, Givin, Ladoga, Ackmore and Colo-Ely Complex. Legal Description: E ½ of the W ½ of the NW ¼ Section 20, Sharon Twp.

Auction Note: Tracts will sell in adv order. All three tracts have been farmed by same renter for 18 years using no-till practices. Tracts are enrolled in the Counter Cyclical Program, Johnson Co, w/total corn base of 58.9 and CC yield of 147 bu. and a bean base of 60.4 and CC yield of 45 bu.

Terms: Buyer must have pre-approved financing, 10% down day of sale w/signing of a purchase agreement. Balance to be paid in full at closing Nov. 16, 2010 at which time the deed and abstract will be delivered and possession will be given on house and building. Possession of farmland acres will be given following harvest. Taxes to be prorated to date of closing. There will be no prorating of rent payments.

Showing Date: Friday, October 1, 4 – 6 pm and Wednesday, October 6, 4 - 6 pm or by appointment.

Owner: Martha Stutzman Estate

Executors: Harold & Merle Stutzman

Sellers’ Attorney: Michael J. Brenneman

Auctioneers Note: This farm is being sold in three parcels.  This farmland presents a great opportunity to buy a complete farm or make additions to an existing operation.

Yoder Auction Service

www.yoderauctionservice.com

Stan, Gentry & Vince Yoder 319-683-3600

Terms: cash or check w/ID

Statements made day of sale take precedence over advertising.  Not responsible in case of accident or theft.

Soil Code & Type

11B- Colo-Ely

75- Givin

76B- Ladoga

76C2- Ladoga

76D2- Ladoga

122- Sperry

179D2- Gara

279- Taintor

280- Mahaska

281B- Otley

430- Ackmore

Tract #2

Tract #3