Upcoming Online Only Public Auction Of A 3840 Head Hog Site   

Great Income Producing Property With Longterm Contract

This Is A Wean To Finish Site & Is Located East Of Rock Rapids, IA And Has Recently Undergone Some Extensive Updates And Has A Current Contract In Place (See Terms Below)!  This Is An Excellent Opportunity To Purchase An Existing Hog Site!

Online Auction Date: Closing November 21, 2022 @2:00 P.M.

Location:  From the East edge of Rock Rapids, IA go 3 miles East on US HWY 9 to Indian Ave. then go approx. 1/2 mile North on Indian Ave to the site. Site is located on the West side of Indian Ave.  Auction signs will be posted.

Auctioneers Note: We are honored to have been selected to offer for sale at auction this updated hog site! This site is located in Lyon County, IA and was built new by the current owner in approx. 1998 and has undergone extensive updating in recent years! This is a excellent opportunity to purchase an existing hog site with an existing contract!  Make plans today to purchase this property!

zomercompany.com

Legal Description: Parcel B in the SE1/4 of Section 36, TWP 100N, Range 45W, Lyon County, IA. Subject to all easements and roads of record.

General Description: If you are looking for an existing well maintained hog finisher site then your search is over! This property has a longterm contract in place which is generating over $165,000.00 in gross income per year! This site consists of 4 separate 960HD wean to finish hog buildings which are approx. 41ft x 193ft and were built in approx. 1998 and have undergone extensive updating in recent years and the buildings have all been updated to achieve Smithfield's required bio security standards! Each of these buildings has 20 pens, an 8ft deep pit, Thorpe dry feeders, swinging waterers, 3 LB guardian heaters, Ventra Pro controllers and medicators. Each of these buildings are serviced by 2—14 ton in tandem AP bulk bins with clear boots and 1—1,000 gallon propane tank. This site also had a slat inspection approx. 1 year ago and any slats which needed replacement at this time were replaced. The slat inspection that was completed at this time is available. This facility is a shower in/shower out facility and all 4 buildings are connected by indoor walkways. This site has two concrete truck loadouts which were just installed in 2022. This site is on rural water and REC elec. This site is located on a hard surface road with excellent access for feed trucks and loading/unloading of hogs! This site has a 60 KW Olympian backup generator with a 400 amp transfer switch which was installed new in 2022! Some of the recent updates include the addition of the office (which includes laundry, shower & office area) and loadouts in 2022, new roofs in 2021, predominately newer curtains and a new Agri Alert alarm system in 2022. This property is sold subject to all terms of the current contract with Murphy Brown LLC d/b/a Smithfield Hog Production and buyer will be required to assume this contract. Murphy Brown LLC d/b/a Smithfield Hog Production has the right per the contract to approve the new buyer and the new site management and the sale is contingent on Murphy Brown LLC d/b/a Smithfield Hog Production’s approval of the buyer and the new site management. Contact An Agent For Details. Buyer will be required to inspect the septic system on the property and update to Iowa code if required at the buyers sole expense. This site has been well maintained and current labor is managed by Farmers Coop Society. If you are looking for an opportunity to own a great investment with income producing revenue day one then be sure to check out this outstanding hog finisher site operation!

Method of Sale: Property will be sold in total dollars. Auction will be held online only

Viewing: Due to bio-security prospective buyers must isolate themselves from hogs for 2 days and will be required to shower in/shower out of the site also according to the current contract regulation. A video of each building is available at zomercompany.com

Possession: Full possession of the property is closing day subject to the current contract. Buyer must abide by all contract terms and will need to be approved by Smithfield.

Taxes: According to the Lyon County Assessor the current taxes are estimated to be approx. $790.00 per year.  Seller will pro-rate the taxes to the date of closing.

Terms: Purchaser of the site will be required to pay a non-refundable 15% of the purchase price as a earnest money deposit and agree to enter into a purchase agreement immediately following the auction with the remaining balance due and payable on closing day on or before December 28, 2022 when the buyer shall receive a clear and merchantable title to the property. This property is being sold as a cash sale with no finance contingencies and as is, where is, with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Any announcements made day of the auction will supersede any advertisements. All buyers are encouraged to do buyers due diligence. All years built, measurements and other data provided are not guaranteed. Buyer of this site must comply with current hog contract terms. Any new fencing must be done according to Iowa Statutes. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Jacqueline Grotewold–Attorney for sellers.

MFP II, LLC — Owner

Auctioneers/Re Agents:

Mark Zomer —712-470-2526—Darrell Vande Vegte—712-470-1125—Ryan Zomer-712-441-3970

Gary Van Den Berg—712-470-2068—Blake Zomer-712-460-2552

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.