POWESHIEK COUNTY: 392 ACRES M/L
- May 27
- 5 min read
Updated: 23 minutes ago
FRIDAY, JULY 10, 2026 at 10:00 AM
GRINNELL EAGLES
616 4TH AVENUE
GRINNELL, IOWA
LISTING AGENTS:
LISTING # 26109
DRONE COMING SOON
DESCRIPTION: 392 acres m/l to be offered in three individual tracts at auction on Friday, July 10th, 2026, at 10:00 A.M. Tract 1 consists of 318 acres m/l, with 311.58 taxable acres m/l and 250.98 cropland acres m/l. Tract 2 consists of 40 acres m/l with 37.19 taxable acres m/l and 34.97 cropland acres m/l. Tract 3 consists of 34 acres m/l with 30.1 taxable acres m/l and 8.12 cropland acres m/l. Tract 1 has a CSR2 of 56.5, Tract 2 has a CSR2 of 55.7, and Tract #3 has a CSR2 of 56.8, with the county average CSR2 being 67.9.
DIRECTIONS: Tract 1, From Grinnell, Iowa, go south on County Highway 146 to county rock road 450th Avenue, then go east on 450th Avenue 1.5 miles. Tract 1 is located on the south side of 450th Avenue. Tract 2, From Grinnell, Iowa, go south on County Highway 146 to county rock road 450th Avenue, then go east on 450th Avenue 2.5 miles to 55th Street. Tract 2 is located in the SE corner of the intersection of 450th Avenue and 55th Street. Tract 3, From Grinnell, Iowa, go south on County Highway 146 to County Blacktop F-46. Tract 3 is located in the SE corner of the intersection of County Highway 146 and County Blacktop F-46. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (318 Acres M/L) West One-Half of the Southeast Quarter (W1/2 SE1/4); East One-Half of the Northwest Quarter (E1/2 NW1/4); Northeast Quarter (NE1/4), Except Parcel A in the NE1/4 NE1/4, all in Section Twenty-two (22), Township Seventy-nine (79) North, Range Sixteen (16), West of the 5th P.M., Poweshiek County, Iowa. For the precise legal description, refer to the property’s abstract or survey.
FARM PROGRAM INFORMATION:
Cropland: 250.98 acres
Corn Base: 108.29 acres PLC Yield: 142 bu.
Bean Base: 64.18 acres PLC Yield: 44 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. This property has 78.51 total acres of CRP with one contract of 49.61 acres bid in at $194/acre or $9,624/yr until 9/2030 and a second contract of 28.90 acres bid in at $300/acre or $8,670/yr until 9/2034.
TRACT 2
LEGAL DESCRIPTION: (40 Acres M/L) Northwest Quarter of the Northeast Quarter (NW1/4 NE1/4), all in Section Twenty-three (23), Township Seventy-nine (79) North, Range Sixteen (16), West of the 5th P.M., Poweshiek County, Iowa, Except Parcel F. For the precise legal description, refer to the property’s abstract or survey.
FARM PROGRAM INFORMATION:
Cropland: 34.97 acres
Corn Base: 1.70 acres PLC Yield: 142 bu.
Bean Base: .93 acre PLC Yield: 44 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. This property has 32.34 acres of CRP bid in at $187.04/acre or $6,049/yr until 9/2030.
TRACT 3
LEGAL DESCRIPTION: (34 Acres M/L) Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4), all in Section Sixteen (16), Township Seventy-nine (79) North, Range Sixteen (16), West of the 5th P.M., Poweshiek County, Iowa, Except RR and a tract in the NE corner. For the precise legal description, refer to the property’s abstract or survey.
FARM PROGRAM INFORMATION:
Cropland: 8.12 acres
Corn Base: 5.62 acres PLC Yield: 142 bu.
Bean Base: 2.5 acres PLC Yield: 44 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: All tracts are rented for the 2026 crop year. Sellers are to retain all of the 2026 cash rent due for 2026 as well as the CRP payments due on October 1, 2026. Contact the auctioneer for details. The lease for 2027 has been terminated. Corn yields for 2021, 2023, and 2025 averaged 224 bushels/acre, with bean yields for 2022 and 2024 averaging 58 bushels/acre.
IMPROVEMENTS: Tract 1-This property has 2-54’ x 60’ pole barns, being sold "AS IS." The other improvements are field drainage tile and perimeter fence. Tract 2-This property is unimproved except for field drainage tile and perimeter fence. Tract 3-This property has a 40’ x 48’ pole barn for storage, being sold "AS IS." The other improvements are field drainage tile and perimeter fence.
PROPERTY TAXES: Tract 1: $6,966/year. Tract 2: $786/year. Tract 3: $628/year. Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: Tracts 1, 2, & 3 will be offered as individual tracts and will not be combined. Tract 1 will be sold as 318 acres m/l, Tract 2 will be sold as 40 acres m/l, and Tract 3 will be sold as 34 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 1, 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 tracts only.
CLOSING: Closing will occur on or about September 1, 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 advertised tracts 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. All bids will be on a per acre basis.
ATTORNEY: Brad Skinner
SELLERS: EMH Trust (Formerly known as Donald Hudnut Farms)
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. Sellers reserve the right to accept or reject any or 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.
