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Illinois Land Auction White County 160 Acres m/l Farmland and Hunting Land
Iowa Land Auction - 33.7 Acres m/l Harrison County near Omaha Nebraska
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Iowa Land Auction - Harrison County 33 Acres m/l
LIVE PUBLIC AUCTION - SATURDAY JULY 18TH; 1939 HILLSIDE AVE. MONDAMIN, IA 51557
- 33 acres more or less (14 acres tillable, 14 acres timber, pond, and creek)
- Property is located near Mondamin, IA; 28 miles Blair, NE; 40 miles from Omaha, NE; and 60 miles from Sioux City, IA
- CRP just came out of program this year and could be tilled or planted to food plots
- Abundant deer and turkey sign all over this property and in an area of superior deer hunting.
- Exceptional building location, great view of the Loess Hills and close to Interstate 29 for easy access to Omaha
- Pond and creek located on the property
- Well maintained rock road with short drive to paved road
- The interior of the timber is very thick, cedar choked hillside that provides excellent bedding and cover
AUCTIONEER: Jason Smith, Whitetail Properties Cell 712-592-8965
To find other Iowa Land Auctions visit us at www.WhitetailPropertisAuction.com
Comments:
AUCTION!!! SATURDAY JULY 18TH 2009, to be held at the City Park in Mondamin Iowa!! This small tract will be offered at live public auction July 18th and has it all to offer. This would make someone a great little hunting spot or an exceptional building site where you can enjoy the beauty of the Loess Hills and the rural country lifestyle. Build on the east side of the road and hunt on the west....it lays out perfect for it. Tillable acres for income or food plots, thick wooley timber for bedding cover, pond, and a stream. If you don't think you could fit that much into 33 acres take a look at the photos. It is not often you find a piece of land with this potential and all the amenities at auction. The tillable acres are approximately 14 and the timber is 14 acres as well. You can find information on www.whitetailpropertiesauction.com or click the AUCTIONS tab on the menu above.
Illinois Land Auction - Pike County Illinois 60 Acres m/l
Illinois Land Auction
Pike County Illinois 60 Acres m/l
For more information visit our Illinois Land Auctions page
AUCTION TO BE HELD JUNE 27TH 2009 AT 10 AM CST AT THE PIKE COUNTY FARM BUREAU BUILDING LOCATED AT 1301 E WASHINGTON ST, PITTSFIELD, IL 62363. CLICK ON THE AUCTION TAB ABOVE FOR MORE DETAILS
- 60 acres more or less ( 8 acres tillable, balance in timber, brush, creek) Entity Owned; Broker/Owner Interest
- Located 10 miles S of Pittsfield, Illinois; 1 ½ hours W of Springfield, Illinois; 1 ½ hours N of St. Louis area; 4 hours SW of Chicago, Illinois
- 2 established food plots ( 7 acre ridge-top food plot)
- Good interior access from logging road
- Wide, flat rock-bottom creek snakes around northern border of property
- Fabulous big buck opportunities
- Several great stand locations on natural pinch points and funnels
- Surrounded by hundreds of acres of big buck producing habitat
- Large timbered tracts on three sides of property
Comments:
AUCTION!! JUNE 27TH 2009, 10 AM CST. AUCTION TO BE HELD AT PIKE COUNTY FARM BUREAU BUILDING 1031 E WASHINGTON ST PITTSFIELD, IL 62363.
Call Illinois Auctioneer Jason Smith for more details at 712-592-8965 or Broker/Agent Dan Perez at 217-285-9000.
ONE OF A KIND! This is a rare opportunity to buy in this area. Nestled in the core of Trophy Buck country in the golden triangle. Tillable acreage is currently being use as food plots but could also be used for tillable income. A variety of terrain changes make this property very unique. Just down the road from famous Heartland Lodge and the monster buck producing Rodhouse Rut N Strut trophy only area. This property is a big buck management dream come true.
Illinois LAND AUCTION - White County Illinois 180.5 Acres m/l

- For details visit our website Illinois Land Auctions
- AUCTION!! SATURDAY JULY 11TH 2009 10 AM CST CLICK ON THE AUCTION TAB ABOVE FOR MORE DETAILS
- 180.5 acres more or less (74 acres tillable, 16 acres CRP, balance in timber, brush, and 2 small ponds)
- Property is located 45 minutes from Evansville, IN; 2 hours from St. Louis area; 4 hours from Chicago, IL; 3 1/2 hours from Nashville, TN; and 7 hours from Atlanta, GA
- CRP made up of filter strips along tillable field edges in prairie grass; income $1728/year
- Tillable income from 74 acres of $5600/year
- Paved road frontage on east side with county water available.
- Excellent wooded or open building sites for that cabin or home of your dreams.
- Land owner has created a 60 acre sanctuary area that is loaded with cover, water, and everything a deer needs to stay out of sight of humans.
- Two small ponds for year round water source, with a third on a neighboring landowner.
- In 2005 a 193" buck was harvested off this property.
- Landowner is a trophy hunter and has passed numerous 140 and 150 class bucks each year, looking to harvest deer in the 170 class or bigger
- This property is high ground with absolutely no chance of flooding, and from personally owning 400 acres in White County is a big bonus.
- Turkey hunters will love this property as well with large hayfields on the bordering property ideal for nesting birds in the spring.
***VISIT OUR WEBSITE ILLINOIS LAND AUCTION WHITE COUNTY ILLINOIS 180.5 Acres m/l ***
Comments:
Whitetail Trophy Properties Land Specialist Mark Doerner has been an outfitter & land owner in White County Illinois for 8 years. Mark knows where the giant deer are taken year in and year out and he describes this property as "one of those magic spots" This property has everything it takes to grow and hold big whitetail. Cover, water, food, genetics and great like minded neighbors. Mark spent two full days exploring this tract and was impressed with the big buck sign. He was able to watch a 170"+ buck feeding in soybeans along with other big bucks. The trail camera and harvest photos tell the entire story on this property.
Iowa Deer Classic Auction 2009
New in 2009 the Iowa Deer Classic Auction. This will be the ULTIMATE sportsman's auction so don't miss your chance to bid on unique one of a kind items that are not available anywhere else. Click on the CATALOG link above to see the items we will be selling.
It just does not get any bigger than the Iowa Deer Classic when it comes to whitetails and hunting in Iowa. We will be selling items donated by outdoor celebrities to benefit the Iowa DNR's Mentored Outdoor Experience program. You'll find hunts and opportunities you won't be able to find anywhere else. We promise a few surprises will be on the auction block! There will be items that have never ever been sold before, and items you had no idea you could even purchase. This stands to be the sportsmans auction of all sportsmans auctions.
The proceeds from the auction will benefit the Iowa DNR's Mentored Outdoor Experience (MOE) Program at Springbrook. This program introduces youth and their mentor to deer hunting with the educational experience culminating in an actual deer hunt at Springbrook. I will be partnering with my good friend and fellow Auctioneer Cory Behr to help support the future generations of hunters in Iowa and ensure the continued success of this great program.
Come by the auction booth located near the Hall of Fame at the Iowa Deer Classic where all items will be on display during the show.
ABSENTEE BIDS WILL BE ACCEPTED! Call 712-592-8965 to place an absentee bid on any item. Credit card information will be required to place absentee bids.

This sale is in cooperation with the following entities
Whitetail Properties - Hunting land in Iowa, Missouri and Illinois
Whitetail Properties Land Auctions - Iowa Farmland Auctions
Behr Auction Company - Serving the Midwest for over 35 years
Iowa Department of Natural Resources
Iowa Deer Classic - Greatest Whiteail Show on Earth
Illinois Auctioneers | Missouri Auctioneers | Iowa Auctioneers | Kansas Auctioneers
Land Values in Iowa 2008 Survey
Today Mike Duffy at Iowa State University released the newest Iowa Land Values report This years report was especially anticipated due to today's current economic situation in the United States. Some worried land values would drop but as you can see they have remained strong throughout 2008. Coming in strong was western Iowa in this years report with the states strongest gains in farmland values. Monona County saw an increase of 19.9% and was the strongest in west central Iowa.
The following chart gives a picture of today's land values for the report that was issued based on data from November 2007 to November 2008.

A few interesting facts from this years report.
- The 2008 state average for all grades of land was estimated to be $4,468 per acre.
- The increase in the state value was $560 per acre from 2007.
- The percentage increase was 14 percent from 2007.
Analysis by Crop Reporting District.
- The highest land values were reported for Northwest Iowa, $5,395 per acre.
- The lowest land values were estimated for South Central Iowa, $2,573 per acre.
- The greatest percentage increase was in West Central Iowa, 19.6 percent.
- The least percentage increase was in South Central Iowa, 10.7 percent.
Analysis by Counties.
- The highest value was estimated for Scott county, $6,310 per acre.
- The lowest value was in Decatur county, $2,002 per acre.
- The greatest dollar increase was $891 in Sioux county.
- The greatest percentage increase was 19.9 percent reported in Monona county Iowa.
Analysis by Quality of Land.
- Low grade land in the state averaged $2,967 per acre and showed a 11.7 percent increase or $311 per acre.
- Medium grade land averaged $4,195 per acre and showed a 14.4 percent increase or $528 per acre.
- High grade land averaged $5,381 per acre and showed an increase of 14.8 percent or $695 per acre.
Investor Activity v. Farmers
- The majority of farmland sales, 69 percent, were to existing farmers. Investors represented 24 percent of the sales. New farmers represented 3 percent of the sales and other purchasers were 4 percent of sales.
- Sales to existing farmers by Crop Reporting Districts ranged from 83 percent in West Central to 55 percent in South Central and Southwest.
- Sales to investors were highest in Southwest (38 percent). West Central reported the lowest investor activity (13 percent).





Smith Auction Marketing Now Offers Online Simultaneous Bidding
At Smith Auction Marketing our relentless pursuit to offer the best attended auctions, make the best use of technology and achieve top dollar for our clients we have completed our recent effort to take our Live Public Auctions online. Our Live Public Auctions will not be simultaneously broadcast online at the same time. Onsite and online bidders will compete for your property at the same time. This option allows
anybody in the world to bid at your auction, and since they have been prescreened and required to post a deposit before bidding you can feel secure in knowing the transaction will complete.
This online option also allows us the ability to accept prebids on your auction so you don't have the worry and concern all the way up to auction day what your property might bring. Prebids can not be viewed by the public but can be viewed by our staff. This will be a great indication of what the property will bring and perhaps if you reserve has been met prior to sale day.
If you are selling real estate in Iowa contact us about our auction services. Real estate auctions bring real buyers, right now with closing in 60 days. Only auctions can promise you an offer on the table in 30 days for market value. Our sales include Iowa farmland, recreational land, estates, machinery and farm sales now with the great ability to welcome online bidders to your sale. Visit our Iowa Auctioneering website or click on the Proxibid logo to see our upcoming auction with online bidding.
Iowa Land Auction 150 Acres Fremont County Iowa September 21
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Listed by Whitetail Trophy Properties 108 N. Monroe Street Pittsfield, IL 62363 1800-971-7042 Jason Smith is an Auctioneer and licensed real estate salesperson in Iowa. |
Section 1031 Exchanges - Tax-Deferred or Tax-Free?
Did you know that after you use a Section 1031 exchange to acquire new property, you will face the same tax-related issues when you decide to sell that property? Is there any way around paying capital gain taxes when you sell your property? With the issuance of Rev. Proc. 2008-16 and some advance planning, there are now two answers to that question instead of one. The one answer we always used to have was, "Yes, there is a way, but you have to die to accomplish it." (When a property owner passes away, property owned passes to heirs at a stepped-up basis, i.e., the value of the property at the time of death. If the heir(s) sell for that value, there is no capital gain. Helpful for your heirs, but not too much that you can do with it.) That answer isn't one that most people want to hear. Now, however, there's a new, more acceptable answer in the affirmative.
Let's assume that Mr. and Mrs. Jones own a farm worth $800,000 that has a tax ba
sis of $200,000. (Substitute "apartment building," "business location," or whatever fits your situation for "farm.") Further, let's assume that Mr. and Mrs. Jones do not live on this farm, so there is no personal residence exclusion available to shelter some of their $600,000 capital gain if they were to sell. They're not too thrilled with the prospects of being taxed on a $600,000 capital gain on this year's taxes, but they do want to sell. What to do? How about this:
- Mr. and Mrs. Jones sell their farm as the relinquished property in a Section 1031 exchange.
- As their replacement property in the exchange, they acquire two vacation houses, each worth $400,000 (House #1 and House #2)
- Mr. and Mrs. Jones rent the two properties in accordance with the new IRS Revenue Procedure 2008-16, which sets clear requirements for vacation home property to qualify for a tax-deferred exchange.
- After a period of time (at least two years to satisfy the requirements of Rev. Proc 2008-16), Mr. and Mrs. Jones sell their residence using the personal residence exclusion provisions of Section 121 of the Internal Revenue Code and move into House #1.
- After occupying House #1 for a period of at least two years to establish it as their personal residence, Mr. and Mrs. Jones sell it using Section 121 to exclude their capital gain and move into House #2. (I think you can finish the steps yourself.)
Can we quantify the benefits of such a strategy? Mr. and Mrs. Jones exclude the original $600,000 of capital gains from taxation. In addition, they can shelter the appreciation of their vacation homes over the period of time they own them (to the extent of the $500,000 limit on each residence). This strategy results in three interrelated benefits:
- The exiting of the business of owning the farm land (or apartment house, or whatever),
- The exclusion of otherwise taxable capital gains, and
- A potentially large addition to their liquid assets for retirement.
Is this legal? Darned straight it is.It may or may not be something that you or your client would ever want to actually implement, but perhaps it will help you better realize the tremendous benefits that Section 1031 of the Internal Revenue Code affords us all when we plan properly.
(We strongly urge you to consult your tax advisor to see how this exit strategy could apply in your situation.)
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Please consider IOWA EQUITY EXCHANGE as your source for answers to your questions about Section 1031 like-kind tax-deferred exchanges. Contact us at your convenience for prompt, accurate information. Please think of us for your next exchange.
Ken Tharp
Providing Qualified Intermediary services for Section 1031 tax deferred exchanges all over the United States. Headquartered in Iowa, our services are available in Missouri, Kansas, Nebraska, Colorado, North Dakota, South Dakota, Minnesota, Wisconsin, Illinois, and all other states.
INTEGRITY. PRECISION. SECURITY.
Copyright © 2008 By Ken Tharp, All Rights Reserved. * Section 1031 Exchanges - Tax-Deferred or Tax-Free? * Contact Ken Tharp for information on Section 1031 tax-deferred exchanges anywhere in the United States.
The Farm Bill Does Not Alter the Definition of “Like-Kind” in Regards to Section 1031 Exchanges
In order to clarify things in the mind of anyone who is uncertain about it, the farm bill that was pass
ed by Congress does not include the language about like-kind status that those of us in the exchange industry were concerned about. The Senate version of the bill sought to redefine the term “like-kind” as it applies to agricultural ground. The crux of the change was to make land that generated any sort of subsidy from the government for its owner non-like-kind to any other real estate investment. The central objection to that provision, in my opinion, is that the government essentially imposed the subsidies on f
armers over the years and it is not equitable to now make it so those same farmers could not exchange out of their long-term investments into something more manageable in their later years.
While this is good news indeed, investors and real property owners all across the country should remain vigilant with regard to potential changes in Section 1031. The mere idea that Congress took a shot at changing like-kind status as a means to raise additional funding for their other activities is cause for concern. Considering the possibility of chipping away at the provisions of Section 1031 is frightening.
Ken Tharp
Providing Qualified Intermediary services for Section 1031 tax deferred exchanges all over the United States. Headquartered in Iowa, our services are available in Missouri, Kansas, Nebraska, Colorado, North Dakota, South Dakota, Minnesota, Wisconsin, Illinois, and all other states.
INTEGRITY. PRECISION. SECURITY.
Copyright © 2008 By Ken Tharp, All Rights Reserved. * The Farm Bill Does Not Alter the Definition of “Like-Kind” in Regards to Section 1031 Exchanges *
Content © 2009 Jason Smith Farmland and Hunting Property Auctions (Whitetail Properties Land Auctions). Design © 2009 ActiveRain Corp.
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sis of $200,000. (Substitute "apartment building," "business location," or whatever fits your situation for "farm.") Further, let's assume that Mr. and Mrs. Jones do not live on this farm, so there is no personal residence exclusion available to shelter some of their $600,000 capital gain if they were to sell. They're not too thrilled with the prospects of being taxed on a $600,000 capital gain on this year's taxes, but they do want to sell. What to do? How about this:
ed by Congress does not include the language about like-kind status that those of us in the exchange industry were concerned about. The Senate version of the bill sought to redefine the term “like-kind” as it applies to agricultural ground. The crux of the change was to make land that generated any sort of subsidy from the government for its owner non-like-kind to any other real estate investment. The central objection to that provision, in my opinion, is that the government essentially imposed the subsidies on f
armers over the years and it is not equitable to now make it so those same farmers could not exchange out of their long-term investments into something more manageable in their later years.