TIMED ONLINE CASH RENT AUCTION - 217.46 CROPLAND ACRES ADAMS COUNTY IOWA

Cash Rent Auction 2025 Crop Year 217.46 Cropland Acres -Section 33 Douglas Township, Adams County, Iowa Directions to the Farm -From Corning Iowa, west on Highway 34 approximately 7 miles, then North on Chestnut Ave approx. 3/4 mile. Farm is located on the West side of Chestnut Ave. Brief Legal: The NE 1/4 and the N 1/2 SE 1/4 Section 33, Township 72 (Douglas), Range 35, Adams County, Iowa. Farm# 115 Tract #170 217.46 cropland acres per FSA CSR2 - 56 per Surety. Soil Types: Sharpsburg-Nira silty clay, Lamoni-Shelby Complex, Zook-Ely Gullied land complex, Shelby Adair, Shelby Loam and Adair clay loam. 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 (217.46 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. 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.