Lot # : 1 - 277.7 Tillable Acres for CASH RENT

Online Only Auction
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High Bid: 270.00 USD x 277.70
15 Bids
Time Remaining: 10d 2h 54m - Friday 09:09 AM
Soft Close
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Glenwood, IA 51534
Date(s)
9/25/2024 - 10/18/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

This is an ONLINE ONLY auction.

Information
Lot # 1
Quantity x277.70
Group - Category Real Estate - Ag / Farm Land
Lead 277.7 Tillable Acres for CASH RENT
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. 277.7 Tillable Acres in Mills County, IA | Part of Plattville Township Directions to Farm: From Glenwood, IA - take Hwy 34 West for 3 miles, turn South on 195th St, drive 3/4 mile. Farm is located on the East side of the road. Signs will be posted! FSA Information: Farmland: 281.35 Cropland: 281.35 DCP Cropland: 281.35 Corn Base Acreage: 209.77 PLC Yield: 173 Bean Base Acreage: 69.93 PLC Yield: 57 Total Base Acreage: 279.70 Brief Legal: Part of Section 16 - T72N - R43W Owner: Pony Creek Drainage District 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.
Name Online Cash Rent Land Auction
Auctioneer
Al Hughes Auction Service
Type Online-Only Auction
Date(s) 9/25/2024 - 10/18/2024
Auction Date/Time Info
Bidding will close at 10 am CST on Friday, October 18th, 2024.
Preview Date/Time Weather permitting, you are welcome to tour the farm at anytime.
Checkout Date/Time Winning bidder will be contacted directly after the auction closes.
Location
410 S Locust St
Glenwood, IA 51534
Buyer Premium No Buyer's Premium
Description
ONLINE CASH RENT LAND AUCTION - CASH RENT ONLY FOR FARMING PURPOSES - LAND NOT FOR SALE! 277.7 Tillable Acres, Mills County, IA - Part of Plattville Twp BIDDING CLOSES OCTOBER 18TH @ 10 AM Directions to farm: 3/4 mile South of Hwy 34 on 195th St. Signs will be posted! FSA Information: Farm #863 | Tract #1238 Farmland: 281.35 Cropland: 281.35 DCP Cropland: 281.35 Corn Base Acreage: 209.77 PLC Yield: 173 Bean Base Acreage: 69.93 PLC Yield: 57 Total Base Acreage: 279.70 CSRII: 71.7 GO TO WWW.ALHUGHESAUCTION.COM TO REGISTER TO BID on this farm for cash rent purposes. This will be a two-year contract. The first half payment for 2025 will be due March 1, 2025 and the second half payment for 2025 will be due October 1, 2025. The first half payment for 2026 will be due March 1, 2026 and the second half payment for 2026 will be due October 1, 2026. Lease is provided for your review. Winning bid is subject to Trustee's approval. Al Hughes Auction Service has been hired by the Trustees of the Pony Creek Drainage District to rent the farm by auction method. In recent years, this farm has been rented at public auction held by the attorney for the Drainage District. The Trustees have decided to use the online auction method for this term of the lease period. View the Pony Creek Drainage District farm lease here: https://forms.gle/pWSjyrCaisyYc7hs7 Owner: Pony Creek Drainage District For more information, contact Allan at 402-672-3621. Any questions regarding registering to bid online, please contact Sara at 402-960-8661.
*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 Pony Creek Drainage District farm lease provided. Please copy and paste this link to the farm lease into a separate tab of your web browser: https://forms.gle/pWSjyrCaisyYc7hs7 *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 2026 crop year. Please copy and paste this link to the farm lease into a separate tab of your web browser: https://forms.gle/pWSjyrCaisyYc7hs7 Method of Auction: Farm will be rented on a dollar per acre basis multiplied by 277.7 tillable acres. Auctioneer, Al Hughes, and Jim Hughes Real Estate are agents for the Trustees. 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 5.00 USD
Currency USD
Buyer Premium No Buyer's Premium
Payment Terms
First half payment for the 1st year lease is due by March 1, 2025. Second half payment for the 1st year lease is due October 1, 2025. First half payment for 2nd year lease is due by March 1st, 2026. Second half payment for 2nd year lease is due by October 1, 2026. 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 2025 crop year will be paid in halves on March 1, 2025 and October 1, 2025. Cash rent payment for 2026 crop year will be paid in halves on March 1, 2026 and October 1, 2026. *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 2026 crop year.
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