Lot # : 1 - Story County Iowa, Cash Rent Lease Auction, 178.1A

FARM LEASE: The contracted lease for this farm will be for a 2-year period of time. Once the high bidder is approved by the owner, the owner and the high bidder will enter into a rental contract with 20% of the 2024 lease payment due on December 31, 2023, when the lease is signed, with the remainder of the lease payment due on March 1, 2024. The lease payment for 2025 or the second year of the contract will be due and payable in full on March 1, 2025. The payment for the grain storage, $.12/bushel or $4,260/year, will be paid on November 1 of each of the two years of the contract. Please note that the grain bins are not available until after July 31, 2024, based on the lease for 2023. The wind turbine income is not a part of this lease. No corn stalks are to be removed from the property for the length of rental agreement. BID METHOD: This tract will be offered as an 178.1 rentable acres m/l with the high bid taken times 178.1 acres. The base bid on this property will be $300/acre, with the minimum bid increase being $20/acre. POSSESSION: Possession will be granted on or about March 1, 2024. BIDDER REGISTRATION: All prospective bidders must register online with the auction company and receive a bidder’s number in order to bid on this rental auction. ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted. OWNER: Gardner Iowa Farms, LLC All potential bidders are urged to perform their due diligence on the subject property prior to the online auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids. Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the online auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments will be no lower than $20/acre. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.