Pete Lauters & Rose Lauters Estate Farmland Auction

Farm Location: (watch for posted signs) Parcel #1 is located at 247, 560th St. Marcus, Iowa. Parcel #1-From Marcus follow D Ave. south for 8.2 miles, then turn right (west) on 560th St., for 1.5 miles, Farm is on the North Side. From this Farm Parcel #2 is one mile north on B Ave. then west on 550th for 1/2 mile. Parcel #3 is 1 mile east on 550th St. from Parcel #2 Method of Sale: This will be the choice of 3 Parcels (The high bidder will have their choice, and can take any of the 3 parcels, or all 3. In the event they take 1 parcel the auction will continue until all parcels are sold.) The Bids will be on Dollars per acre. Parcel #1 in Section 8 - DCP Cropland 70.42 Corn Base Acres 51 PLC Yield 164 Soybean Base Acres 19.30 PLC Yield 48 CSR 2 of 84.2 in section 8 74.73 Surveyed Acres The acreage on this parcel is not part of this sale. Parcel #2 in Section 6 - DCP Cropland 77.13 Corn Base Acres 38 PLC Yield 164 Soybean Base Acres 39 PLC Yield 48 CSR 2 of 84.6 in Section 6 79 Deeded Acres Parcel #3 in Section 5 - DCP Cropland 39.74 Corn Base 17.10 PLC Yield 164 Soybean Base Acres 21.6 PLC Yield 48 CSR 2 in Section 5 of 89.8 39 Deeded Acres General Description: These Farms offer gentle slopes with good drainage, high percentage of cropland, and very productive soils. Located close to good markets. Would make an ideal investment or add on farm for someone’s farming operation. Terms of Auction: Buyers shall pay 10% of the purchase price on the day of the sale and sign a standard real estate contract agreeing to pay the balance on or before October 20, 2025. Possession given at closing (subject to 2025 farm lease in place until March 1, 2026). There are no buyer contingencies of any kind. All Bidders are to have financial arrangements made before bidding. Real Estate taxes will be prorated to the date of closing. All announcements made the day of the sale will supersede any advertising. All information was gathered from reliable sources but not guaranteed by the sellers or the auction company. Auctioneers Note: The 6.08 Acre Acreage on parcel #1 has been surveyed off and is not offered in this Auction. The 2025 land rental agreement on the farm will be terminated. Internet Bidding: Will be on chrisludwigauctions.hibid.com. Register to bid 24 hours prior to Sale Time. AUCTION LOCATION Marcus Golf Course, 700 S. Hwy. 143 Marcus, Iowa 51035 Offering choice of 3 Parcels in Sections 5, 6, & 8 of Tilden Township FRIDAY, SEPTEMBER 19, 2025 AT 11:00 AM CHEROKEE COUNTY FARMLAND AUCTION PETE LAUTERS ESTATE & ROSE LAUTERS ESTATE, OWNERS Attorney for sellers: Knudson-Brady Law, and Cook Law AUCTIONEERS: CHRIS LUDWIG 712-830-9879 and STEVE SEIDL 712-210-0209 Websites: cludwigauction.com, seilauction.com, and auctionzip.com