Online Cash Rent Land Auction

Online Only Auction

Al Hughes Auction Service

410 S Locust St

Glenwood, IA 51534

Date(s) 9/25/2024 - 10/18/2024

Bidding will close at 10 am CST on Friday, October 18th, 2024.

Bidding Open

Online-Only Auction

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Catalog

View Catalog (1 Lots)

Bidding Notice:

This is an ONLINE ONLY auction.

Auction Information

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.

Terms and Conditions

*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.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 9,999,999.99	5.00 USD

Payment Information

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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