FARM FOR SALE BY BID! Franklin County, IA Farm – 120 Acres M/L – Bids Due September 15th

Property Overview

Hutchison Bro’s Farm, LLC
Franklin County, IA
120 Acres M/L
116.28 Cropland A M/L; 55.9 CSR2
Available for Bid
Bids due Tuesday, September 15th, 2026 at 10 AM CST

Farm Highlights

This farm located in northeast Franklin County offers mostly tillable cropland along with CRP filter strips and an open ditch flowing through the northwest portion of the farm. The 8.06 acres in CRP receive an annual payment of $328.45 per acre, providing good income on the few acres of the farm that aren’t tillable cropland.

This highly tillable farm provides income on almost all acres
The CRP contract paying $328.45 per acre on 8.06 acres runs until 2031
The existing tenant would be interested in continuing to operate the farm if an owner/operator doesn’t purchase the tract
2026 crop lease has been terminated and the farm is available for the 2027 crop year

Property Details

Acreage & Tax Details

FSA Acres: 119.83
Cropland Acres: 116.28
CRP Acres: 8.06
Net Taxable Acres: 118.64
Soil Productivity, Cropland CSR2: 55.9
Property Taxes: $2,882.00
Parcel Numbers: 0421200003, 0421200004, 0421400002
School District: West Fork

Location & Legal

Township: West Fork
Location: Located in the northeast corner of Franklin County, approximately 7 miles east-southeast of Sheffield and 10 miles northeast of Hampton. Tulip Avenue borders the west side of the farm, 230th Street lies a half mile north and 220th Street a half mile south.
Legal Description: The S1/2 NE1/4 and the NE1/4 SE1/4 of Section 21, Township 93 North, Range 19 West of the 5th P.M., Franklin County, Iowa. Exact legal to come from abstract.

FSA Farm Base Acres

Corn Base Acres: 71.55
Corn PLC Yield: 141
Bean Base Acres: 35.85
Bean PLC Yield: 42

Conservation Reserve Program (CRP)

Contract Number	Expiration Date	Acres	Rental Rate / Acre	Annual Payment
11486	9/30/2031	8.06	$328.45	$2,647.00

Bid Process

Offer Process

Prospects will submit offers via customized bid form by Tuesday, September 15, 2026, at 10 AM CST. Ask Agent for bid form.

Round One Bidding Process

Prospects will submit a bid by Tuesday, September 15, 2026, at 10 AM CST. Ask Agent for bid form.
Cash offers with minimal contingencies
Accepting property “as is”, “where-is”

Seller Options After Round One

Accept one bid
Negotiate with one bid
Reject all bids and retain ownership
Ask top 4 bidders to a bid-off on Tuesday, September 15, 2026 at 2 PM CST. Location TBD (Round Two).

Terms

Ten percent of the purchase price required from successful bidder as earnest money. Buyer(s) will sign Real Estate Sales Agreement, purchasing with no financing contingencies, and must be prepared for cash settlement of the purchase at the time of closing.

Closing

Ideally close within 45 days of final offer date.

Conditions

This sale is subject to all easements, leases and any other restrictions of record. Buyer(s) understand they are purchasing the property “as-is, where-is” unless specifically noted in offer. Any expenses post-closing are solely the responsibility of the Buyer(s). Open lease for 2027 crop year.