Harrison County Iowa Timed Online Land Auction

78.48 taxable acres m/l

Friday, March 20th, 2026 @ 10am

 All bidders shall register to bid at www.spencergroups.com  no later than 24 hours prior to the auction and submit a bank letter of creditworthiness to the Spencer Groups office by calling 712-644-2151

Directions to the Farm:  from Dunlap, IA, south on Toledo Ave 4.5 miles, then east on 155th St approx. 2 miles, then South on Apple Road. 

From the south edge of Woodbine, IA, east on 194th St approximately 6 miles, then North on Vienna Ave  2 ½ miles then East on 170th St to the intersection of 170th and Apple Road (Shelby Co line)  Farm is located ½ mile north of the intersection.  Signs posted.

Legal Description:
East ½ of the Northeast ¼ except Parcel A of the NENE, Section 1, Township 80 (Douglas) Range 41, Harrison County Iowa. 

Taxable Acres: 79.48 acres m/l

FSA Information:  Farm# 7582 Tract #: 6230

 Approximate Tillable Acres: 77.74 acres

Note:  Base is combined with the SW ¼ NE ¼ that has been sold and is not a part of this sale.  Base will be split by Harrison County FSA.

CSR2 Rating: 44.9

Easement:  There is an easement in the north fence line of this property for a well and water line across the property serving the acreage that is excluded from this farm auction. 

Possession:  Buyer will receive landlords possession at closing.  Buyer to receive 100% of the 2026 cash rent in the amount of $22,651.80 paid as follows: 1st 1/2 cash rent in the amount $11,325.90 as a credit at closing.  2nd 1/2 cash rent in the amount of $11,325.90 directly to buyer from Kaufman Farms LLC on November 1, 2026.

Method of Auction:  Farm will sell 78.48 taxable acres times the bid.

Terms:  Your bid is not subject to financing or any other contingencies. Seller has the right to accept or reject the final bid.  If the bid is accepted, buyer will place a 10% earnest deposit in the Kohorst and Fischer Trust account, where it will be held until closing. Seller will provide an updated abstract. Buyer to provide a title opinion rendered by the attorney of the buyers choice, at the buyers expense.  Each party will be responsible for normal closing costs associated with closing a real estate transaction.

Online Bidders:  All bidders shall register to bid at www.spencergroups.com no later than 24 hours prior to the auction and submit a bank letter of creditworthiness to the Spencer Groups office by calling 712-644-2151

Agency:  Spencer Groups, INC/Ed Spencer Real Estate and Farms America, INC are agents for, and represent the SELLERS in this transaction.  All bidders will be considered customers, not clients.

Closing:  Closing to be on or before April 20th, 2026

Disclaimer:  Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed materials, or any oral statements made.  All information and all related materials are subject to independent verification by those relying on it.  The property is being sold “as-is/where-is” with no warranty or representation either expressed or implied by the sellers or the auction company.  Each potential bidder is responsible for conducting his/her own due diligence, inspections, investigations and inquiries regarding the farm. No liability for it’s accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this flyer are approximated based on GIS, aerial photos, and information provided by the assessor and the FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.

Circle M Heritage Trust, Owner

Ed Spencer, Auctioneer 402-510-3276

Luke Spencer, Auctioneer 402-510-5853

Hannah Johnsen, Auctioneer 712-592-9794

www.spencergroups.com