Grant County, WI, Iowa County, WI, Lafayette County, WI,
1810.00 Acres M/L
Grant, Iowa and Lafayette Counties
Belmont, WI 53510
Price | Click to Bid Online |
Listing | #15393 |

Property Info
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Legal Description
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- Sign On Property: Yes
- General Area: Southwest Wisconsin
- Zoning: Agricultural
Interactive Map
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Tracts
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- Acres: 78.00 Acres M/L
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- Acres: 74.00 Acres M/L
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- Acres: 5.00 Acres M/L
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- Acres: 140.00 Acres M/L
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- Acres: 183.00 Acres M/L
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- Acres: 126.00 Acres M/L
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- Acres: 44.00 Acres M/L
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- Acres: 65.00 Acres M/L
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- Acres: 248.00 Acres M/L
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- Acres: 134.00 Acres M/L
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- Acres: 59.00 Acres M/L
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- Acres: 138.00 Acres M/L
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- Acres: 62.00 Acres M/L
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- Acres: 124.00 Acres M/L
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- Acres: 82.00 Acres M/L
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- Acres: 53.00 Acres M/L
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- Acres: 104.00 Acres M/L
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- Acres: 91.00 Acres M/L
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Auction Details & Terms
Grant, Iowa and Lafayette County Wisconsin Land Auction
1,810 Acres M/L
Thursday, April 22, 2021
10:00 AM
Seller:
Cropland Investments LLC
Auction Location:
Belmont Convention Center
103 W Mound View Ave
Belmont, WI 53510
Auction Method: The Property will be offered in four groups. Tracts 1, 3 and 4 will be offered via the traditional auction method with Tract 3 selling on a whole dollar amount. Next, Buyer’s Choice will be offered on Tracts 5-12. Finally, Buyer’s Choice will be offered on Tracts 13-17. Tract 18 will be offered individually on a whole dollar amount.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Buyer's Premium: Buyer will be responsible for payment of a premium of 2% of the purchase price, payable at closing.
Farm Program Information: Farm Program Information is provided by the Lafayette, Iowa, and Grant County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Lafayette, Iowa, and Grant County FSA and NRCS offices.
Earnest Money Payment: A 10% NON REFUNDABLE earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash, check or wire. All funds will be held at Security First Title Company.
Closing: Closing will occur on or about Tuesday, June 1, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.
Possession: Possession of the farm will be given at closing, unless otherwise stated herein. The seller, in its sole discretion, may grant early possession to the Buyer(s) of Tracts 3 and 4 once the 10% earnest payment is received and proof of liability insurance is provided. Contact Agent for details.
Farm Lease: The current farm lease for Tracts 1 and 2 runs through the 2021 growing season and is leased out for $300 per tillable acre. Tracts 5-17 have a current farm lease through the 2021 growing season of $250 per tillable acre. Farm lease for Tracts 3, 4 and 18 have been terminated, these tracts will be open for the 2021 growing season. All 2021 Farm income will be given to the new buyers.
Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Security First Title Company the required earnest money payment. The Seller will furnish a recent pro forma commitment to issue an ALTA Owner's Policy in the amount equal to the purchase price. The title insurance premium and title company fees and closings costs shall be split 50% to the Seller and 50% to the Buyer.
Financing: Buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon Buyer obtaining financing. All financial arrangements are to be made prior to bidding at the auction.
Survey: Surveys have been completed on all tracts. The acres of the tracts are subject to change and the purchase price will be based on the new surveyed acres. No additional survey or staking will be paid by the Seller. Plat of Surveys will be available prior to Auction. Contact Agent for details.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers. Not all tract and boundary lines are fenced and, if needed, will be the responsibility of the Buyer after closing. Existing fence lines may not fall directly on the legal boundary. All fences and fence lines shall be governed by Grant County, Iowa County, or Lafayette County and the State of Wisconsin's fence line rules and regulations. No new fences will be installed by the Seller.
Tract 3 Septic System: The septic system on Tract 3 will not be updated and will sell in its current as-is condition. The new owner of Tract 3 will be responsible for any repairs, updates, or replacement to the septic system per the Wisconsin DNR rules and regulations, if needed.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Title Commitment.
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