Cash Rent Auction - 2025 Crop Year

120.77 Cropland Acres - Section 6 St. John Township, Harrison County, Iowa

Directions to the Farm - From Modale, IA, South on South Main (Austin Ave) to Exira Ave. South on Exira Ave 1 mile, then East on 291st St 2 1/2 miles to the farm.  Farm is located between Hudson Ave and I-29, directly behind the Modale IA I-29 Rest area.

Brief Legal:  Lot 11 and Lot 17 lying South of Hwy, Lot 18 and the N 1/2 SW 1/4, all in 6-78-44, Harrison County, Iowa.

Farm# 5591 Tract # 2638

120.77 cropland acres per FSA

CSR2 - 52 per Surety Maps - 100% Luton Silty Clay

This is a cash rent auction for the cropland lease for the 2025 crop year.  

Final bid will be subject to the landlords approval.

Farm will be rented to the highest bidder on a price per acre basis (120.77 cropland acres) times the final bid.

Bidder shall register for bidding and submit a letter from their bank verifying their creditworthiness to Spencer Groups office by contacting 712-644-2151.  Upon bid approval, high bidder will sign a cash rent lease and pay a 20% non-refundable deposit directly to the landlord.  Buyer will be required to pay the balance of the cash rent directly to the Landlord on March 1st, 2025.

Successful bidder will sign a cash rent lease agreeing to proper husbandry and weed control. No hunting rights will be given with this lease.  New tenant will be required to submit certification maps and yields to the landlord after the 2025 harvest season.

There is approximately 11.29 acres of CRP on this farm.  Landlord will retain 100% of the CRP payments. Tenant will sign that they acknowledge the CRP and further not interfere with CRP areas.

Phelps Land Holdings LLC - Owner

Spencer Groups, INC, Farms America, INC and Ed Spencer Real Estate - its agents and its associates - are agents for, and represent Phelps Land Holdings, LLC in this transaction.  All bidders will be considered customers, not clients.