FRANKLIN COUNTY: 168 ACRES M/L
- Jun 25
- 4 min read
Updated: Jul 3
FRIDAY, JULY 31, 2026 at 2:00 PM
ECC AGRICULTURAL CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENTS:
LISTING # 26117
DESCRIPTION: 168 acres m/l to be offered at auction on Friday, July 31, 2026, at 2:00 P.M. This property consists of 168 acres m/l, of which there are 167.46 taxable acres m/l and 165.21 cropland acres m/l. This tract has an average CSR2 of 81.1, with the Franklin County average CSR2 being 79.4.
DIRECTIONS: From Hampton, Iowa, go south on State Highway 65 to 65th Street, a county rock road. The subject property is located in the SW corner of the intersection of State Highway 65 & 65th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: (168 Acres M/L) Southwest Quarter (SW1/4) in Section Nine (9), Township Ninety (90) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description. Please note that this property was recently surveyed to determine the exact acres to be sold. A copy of the survey is available upon request.
FARM PROGRAM INFORMATION:
Cropland: 165.21 acres
Corn Base: 137 acres PLC Yield: 160 bu.
Bean Base: 28.21 acres PLC Yield: 49 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. Out of the 165.21 acres m/l, there are 17.04 acres of CRP bid in at $291.58/acre or $4,969/yr until September 2026.
FARM LEASE: The subject property is rented for the 2026 crop year. The seller will retain 100% of the 2026 cash rent payment due. The lease for 2027 has been terminated.
IMPROVEMENTS: The subject property does have 2 older buildings being sold “As Is” that add no value to the subject property. Other improvements are field drainage tile and perimeter fence.
WIND TURBINES: The subject property does have two operating wind turbines. The annual payment is $7,600/yr with a 2.5% increase each year on the amount paid to the landowner.
PROPERTY TAXES: $5,474/year. Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 168 acres m/l.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about September 15, 2026, subject to the current cash rent lease and current tenant’s rights for the 2026 crop year.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs on advertised tract only.
CLOSING: Closing will occur on or about September 15, 2026. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs on the advertised tract only.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the 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.
ATTORNEY: Art Cady
CLOSING AGENT: Heartland Title & Closing Services
SELLERS: Brower Family Living Trust, Jerelyn A. Schelhaas Trust, & David B. Schelhaas Trust
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged to perform their due diligence on the subject property prior to the 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 auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
