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Auction Information
Auctioneer Steffes Auction & Real Estate 319-385-2000
Auction Date May 24 Auction
17021 Tyler Street
Lacona, IA
Time 01:00PM
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Timed Online Auction

Lacona, Iowa
From Highway 65 at Liberty Center, proceed 1 mile east on Tyler Street to 17021 Tyler Street, Lacona, Iowa.  Watch for auction signs.

Auction will be held online at

Opens: Thursday, May 24, 2018 AT 9 A.M.

Closes: Thursday, May 24, 2018 AT 1 P.M.


Preview of the Property on Thursday, May 10th from 1-3pm


Auctioneer’s Notes: Gary & Brenda Thompson have decided to downsize their operation and sell this farm.  A great opportunity for someone to expand their operation with this cattle setup!  We appreciate the Thompson’s trust in Steffes Group, not only to conduct this online only auction of land, but also selling a line of equipment on Friday, May 25th.


120 Acres – Selling in One Tract

40’x365’ Hoop Cattle Building – 42’x63’ Morton Building - House

Buyer to receive the 2018 crop!

Take a look at this farm featuring 120 Acres M/L with 45.15 acres tillable with balance being pasture, timber and two ponds.  Corn Suitability Rating 2 of 49.9 on the tillable.  Located in Section 14, Liberty Township, Warren County, Iowa.


Cattle Hoop Building
The newer cattle setup was built in 2012 with a 40’x365’ hoop feed building with a 12’ concrete alleyway.  Along with 7 separate paddocked lots with crushed limestone under the bedpack, 4 automatic waters and curtain vents along the north side of the building.  The building can accommodate approx. 365 head and has 14’ overhead doors on both ends. 

Feed Shed – Grain Bin

There is a separate 35’x45’ hoop building for feed storage.  There are also two fenced front lots with separate automatic waterers, one with concrete fence line feed bunks.  Sukup 20,000 bu. grain bin with Stir-Ator & dryer built in 2009.


Morton Building

43’x63’ Morton machine shed with two sliding doors.


Also included with this farm is a two bedroom ranch style home built in 1964 with a 1,032 sq.ft. of living space on the main level.  The home has an updated kitchen, living room with fireplace, two bedrooms with hardwood floors and a detached single car garage.  The property has rural water and two wells(condition unknown).


Included: 2018 Crops, Attached fencing & gates, Concrete fence line feed bunks, Waterers, Manure/compost pile
Not Included:
Grain in grain bin, LP tanks(leased), Fuel barrel, All farm machinery, Cattle equipment, StrongHold cattle chute & tub, Dinner bell & pole, Dog Kennel, Chicken coop, Personal property


Terms: 20% down payment on May 24, 2018. Balance due at closing with a projected date of June 22, 2018, upon delivery of merchantable abstract and deed and all objections have been met.
Possession of grain bin: August 1, 2018.
Possession of home, buildings & tillable land: Projected date of June 22, 2018.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.


Real Estate Taxes:

Gross               $4,330.78

Ag. Credit            ($72.21)
Net                   $4,260.00 (rounded)


Special Provisions:

·       This property will be sold Free and Clear of any liens or encumbrances.

·       Bidding on the farm will be lump sum price.

·       The buyer will receive the 2018 crop, therefore the buyer will be responsible for 100% of the input costs and will reimburse any expenses for the 2018 crop year at closing.  This information will be provided once planting has been completed.

·       It shall be the obligation of the buyer to report to the Warren County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.

·       This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

·       Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

·       Seller shall not be obligated to furnish a survey.

·       Seller disclaims any warranty on the septic system. It shall be the buyer's obligation to inspect & determine if the septic system complies with state and county septic code and whether it can be operational as installed. Any inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer's expense in accordance with Warren County & Iowa laws & regulations. Buyer must also acquire the DNR Time of Transfer certificate for the septic system.  This shall be done prior to closing.

·       Buyer will be responsible for installing his/her own entrance, if so desired.

·       If in the future a site clean-up is required it shall be at the expense of the buyer.

·       The buyer shall be responsible for any fencing in accordance with Iowa state law.

·       This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

·       The buyer acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

·       Steffes Group, Inc. is representing the Seller.

·       Any announcements made the day of sale take precedence over advertising.


Owners: Gary & Brenda Thompson


Seth Twedt – Steffes Group Sale Manager, office 515.432.6000 or by cell 515.231.1921

For details on Real Estate contact Tim Meyer of Steffes Group, 515.432.6000

Auctioneer License Information:

    Auction Listings provided by Although the information published herein is from sources deemed reliable, expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.