Listing #19253 - 459.40 acres in Jasper County, IA

Jasper County, Iowa Farmland Auction - Mark your calendars for Wednesday, June 10th, 2026, at 10:00 AM CST! Peoples Company is pleased to represent the Merna J Rusk Estate in the sale of 459.40 gross acres m/l in Jasper County, Iowa. The farm consists of four productive, tillable farmland tracts located immediately east & northeast of Newton, Iowa in Jasper County, Iowa. Tract 1: 132.32 gross acres m/l with 61.96 FSA cropland acres m/l carrying an average CSR2 soil rating of 57.1 Tract 2: 240.00 gross acres m/l with 211.10 FSA cropland acres m/l carrying an average CSR2 soil rating of 61.4 Tract 3: 60.05 gross acres m/l with 55.41 FSA cropland acres m/l carrying an average CSR2 soil rating of 62.8 Tract 4: 27.03 gross acres m/l with 20.20 FSA cropland acres m/l carrying an average CSR2 soil rating of 62.6 As a whole, the farm portfolio consists of 348.67 FSA cropland acres. These quality tracts would make great add-ons to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. This is a rare opportunity to own extremely productive tracts in a strong farming area. Farm Lease: The farms are leased for the 2026 farming season, and an early lease termination has been agreed upon with the current farm lease terminating on Thursday, December 31st, 2026, or upon removal of all crops from the property, whichever occurs first. The total cash rent for all of the farms combined is $104,300 and the Sellers will retain the first half rental payment of $52,150. The second half rental payment for all of the farms is $52,150 and is due to the new Buyer(s) on or before September 1st, 2026. Total farm lease cash rent payments are laid out below. Tract 1: 58 total acres leased at $300/acre | Total Tract 1 yearly cash rent payment of $17,400 | Buyer will receive 2nd half rent payment of $8,700 on or before September 1st, 2026 Tract 2: 203 total acres leased at $300/acre | Total Tract 2 yearly cash rent payment of $60,900 | Buyer will receive 2nd half rent payment of $30,450 on or before September 1st, 2026 Tract 3: 59 total acres leased at $325/acre | Total Tract 3 yearly cash rent payment of $19,175 | Buyer will receive 2nd half rent payment of $9,587.50 on or before September 1st, 2026 Tract 4: 21 total acres leased at $325/acre | Total Tract 4 yearly cash rent payment of $6,825 | Buyer will receive 2nd half rent payment of $3,412.50 on or before September 1st, 2026 The four tracts will be offered on a price-per-acre basis using the "Buyer's Choice" Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. The Public Auction will be held on Wednesday, June 10th, 2026, at 10:00 AM CST at the Newton Arboretum, 3030 N 4th Ave E, located in Newton, Iowa 50208. The sale can also be viewed through a Virtual Online Auction option with online bidding available.