SOURCE: Murray Wise Associates LLC
BEDFORD, IA--(Marketwire - Sep 14, 2012) - Approximately 860 acres of farmland in Taylor County, Iowa, will sell at auction Friday, Oct. 26, with Murray Wise Associates marketing the property and managing the sale. The property includes approximately 567 tillable acres.
"The drought appears to have had minimal effect on the strong rise in farmland prices, and we are hoping to see good interest from local operators as well as investors," said Joe Bubon, executive vice president of Murray Wise Associates.
The property will sell in 10 tracts, with the land tracts ranging from 52 to 179 acres. "We have seven tracts that can be combined for a total of 582 contiguous acres, of which 353 acres are tillable," said Bubon. "We have 278 acres -- including both tillable and recreational land -- adjoining Lake of Three Fires State Park. Several of the tracts have ponds, and a six-acre tract includes a country home site."
Bubon said the land will sell in tracts to enable the largest possible number of bidders to participate. "Our auction method enables bidders to purchase just the land that meets their needs. We could have one buyer for all the property, 10 different buyers, or anything in between," he said.
The auction will begin at 10 a.m. at the American Legion in Bedford. Murray Wise Associates personnel will be available at the property Wednesday, Oct. 3, to provide information. Those seeking additional information may also call 800.607.6888 or visit www.murraywiseassociates.com.
Murray Wise Associates LLC, headquartered in Champaign, Ill., with additional offices in Florida, Idaho and Iowa, is a leading national agricultural real estate marketing and auction company. The company also manages farmland assets for individual clients in Iowa, Idaho, Kansas, Kentucky, Missouri, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin.