Online Cash Rent Land Auction

Al Hughes Auction Service

 

Date(s) 2/17/2021 - 2/26/2021

Bidding opens February 17th, 2021 at 12:01 AM CST. Bidding closes February 26th, 2021 at 12:00 PM CST.

Past Auction
Online-Only Auction
Shipping Not Available
Bidding Notice:

This is an ONLINE ONLY auction.

Auction Notice:

CASH RENT AUCTION for 535 acres x's the bid amount. 2 YEAR FARM LEASE. Please read the terms and conditions for this auction.

Auction Information
Name Online Cash Rent Land Auction
Auctioneer
Type Online-Only Auction
Date(s) 2/17/2021 - 2/26/2021
Auction Date/Time Info
Bidding opens February 17th, 2021 at 12:01 AM CST. Bidding closes February 26th, 2021 at 12:00 PM CST.
Preview Date/Time Weather permitting, you're welcome to tour the farm at any time.
Location
Buyer Premium No Buyer's Premium
Description
ONLINE ONLY Auction for Cash Rent Purposes. *THIS LAND IS NOT FOR SALE. FOR CASH RENTING PURPOSES ONLY. *All bidders agree to the terms and conditions of the farm lease. Winning bidder will be required to sign appropriate lease documents provided. *Your registration to bid must be approved by the auction company before bidding is allowed. All approvals will be done in a timely manner. You will receive an email when your registration has been approved. *This cash rent auction is not subject to financing. Financing must be arranged prior to you bidding. 535 Tillable Acres in Mills County, IA | Part of Anderson and Indian Creek Township Directions to the Farm: 2.5 Miles North of Emerson on Hwy 59. Farm is located on the West side of the highway. 2 Year Cash Rent Lease Cash rent payment for 2021 crop year will be paid in full on or before March 3rd, 2021. Cash rent payment for 2022 crop year will be paid in full on or before March 1st, 2022. FSA INFORMATION: (NOTE: FSA will combine these two farms in the near future) Note: These farms are contiguous, but were recently purchased from different ownership and have been farmed forever like one big farm. CSRII: 74.6 Farm #2997 | Tract #181 (North 1/2) Farmland: 313.20 Est. Cropland: 306.89 DCP Cropland: 306.89 Corn Base Acreage: 304.10 PLC Yield: 129 Total Base Acreage: 304.10 Brief Legal: Part of Section 35 - 73N - 40W Farm #2811 | Tract #535 (South 1/2) Farmland: 274.66 Est. Cropland: 264.16 DCP Cropland: 264.16 Corn Base Acreage: 258.80 PLC Yield: 132 Total Base Acreage: 258.80 Brief Legal: Part of Section 2 - 72N - 40W Owner: Rodney Rhoden Trust For more information, call Allan Hughes at 402-672-3621! Allan Hughes - Agent/Auctioneer - Al Hughes Auction Service - 402-672-3621 Jim Hughes - Broker - Jim Hughes Real Estate - 712-520-7300 *Owner reserves the right to accept or reject any and all bids.
*THIS LAND IS NOT FOR SALE. FOR CASH RENTING PURPOSES ONLY. *All bidders agree to the terms and conditions of the farm lease. This form will be sent to you after registration. Winning bidder will be required to sign the Rhoden Trust Farms farm lease document provided. *Your registration to bid must be approved by the auction company before bidding is allowed. All approvals will be done in a timely manner. You will receive an email when your registration has been approved. *This cash rent auction is not subject to financing. Financing must be arranged prior to you bidding *Bidders must understand that you will be signing a 2 year farming lease. The bid price per acre at the conclusion of the auction will be for 1 year's payment and the same payment for the exact amount will be made for the 2022 crop year. Method of Auction: Farm will be rented on a dollar per acre basis multiplied by the 535 tillable acres. Auctioneer, Al Hughes, and Jim Hughes Real Estate are agents for the owner. All bidders are considered customers, not clients.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 2.50 USD
Currency USD
Buyer Premium No Buyer's Premium
Payment Terms
Payment for 1st year lease is due by March 3rd, 2021. Payment for 2nd year lease is due by March 1st, 2022. Please understand if you have any questions regarding payment to give the auction company a call. 2 Year Cash Rent Lease Cash rent payment for 2021 crop year will be paid in full on or before March 3rd, 2021. Cash rent payment for 2022 crop year will be paid in full on or before March 1st, 2022. *This cash rent auction is not subject to financing. Financing must be arranged prior to you bidding *Bidders must understand that you will be signing a 2 year farming lease. The bid price per acre at the conclusion of the auction will be for 1 year's payment and the same payment for the exact amount will be made for the 2022 crop year.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.