Upcoming Auction

Greene County, IA
380.16 Acres M/L

County Highway E57 & County Road P-30 & 222nd Street
Jefferson, IA 50129

Price	Click to Bid Online
Listing	#19620

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Matt Adams

Office: 855.800.LAND
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Description

Upcoming Greene County, Iowa Farmland Auction - Mark your calendars for Friday, October 23rd, 2026, at 10AM! Peoples Company is honored to be representing the Patsy A. Hastings Revocable Trust in the sale of the family's farmland portfolio consisting of 380.16 acres m/l. Offered as four individual tracts, the farms vary in size from 47.62 acres m/l to 157.40 acres m/l. These farms have been long-time family heirlooms of the Hastings Family, with the earliest ownership dating back to the 1920s. All four tracts have been well maintained by a long-term farm tenant and improved with drainage tile to move excess water, creating a proven track record of consistent crop yields across the farms.

Tract 1: 119.08 acres m/l with 116.36 NHEL FSA cropland acres and a CSR2 soil rating of 86.8
Tract 2: 56.06 acres m/l with 54.25 NHEL FSA cropland acres and a CSR2 soil rating of 82.8
Tract 3: 47.62 acres m/l with 39.79 NHEL FSA cropland acres and a CSR2 soil rating of 81.2
Tract 4: 157.40 acres m/l with 137.80 NHEL FSA cropland acres | 111.80 Acres in row crop production and 26 acres enrolled in CRP (Conservation Reserve Program) with a CSR2 soil rating of 71.7

The Hastings Farmland Portfolio is a diverse farmland offering with a variety of tract sizes that are well suited for the farmland investor, beginning farmer, or an addition to an existing farm operation. Tract 1 is located south of Scranton, Iowa along paved County Highway E57 and tracts 2, 3, & 4 are located east and southeast of Jefferson, Iowa.

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 Friday, October 23rd, 2026, at 10:00 AM CST at The Courtyard Event Center in Jefferson, Iowa. This auction can also be viewed through a Virtual Online Auction option, and online bidding will be available.

Legal Description

See individual tracts for legal descriptions.

Directions

See individual tracts for directions.

Sign On Property: Yes
MLS Number: 749352
Parcel Number: See individual tracts for parcel numbers.
General Area: East and Southeast of Jefferson, Iowa, and South of Scranton, Iowa
Net Taxes: $13,750.00
Zoning: Agriculture

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Marketing Brochure

Tracts

Tract 1 - County Highway E57 & F Avenue, Scranton, IA 51462

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Description

Tract 1 consists of 119.08 acres m/l with 116.36 FSA cropland acres and a CSR2 soil rating of 86.8, well above the Greene County, Iowa average CSR2 soil rating of 78.3. Primary soil types include highly productive Nicollet loam, Clarion loam, and Webster clay loam. Access to the tract is from the north off paved County Highway E57 and from the west off F Avenue.

Yield history for Tract 1 is available and the APH (Actual Production History) of the cropland acres is 213 bushels per acre for corn and 62 bushels per acre for soybeans. Recent corn yields have been 229 bushels and 69 bushels for soybeans. See the attached "T1 Yield History" document found under the downloads for more information. Farming rights are available for the 2027 farm year.

The farm is located in Drainage District #117 and with the southeast portion also included in Drainage District #74. Drainage District #74 outlets into Drainage District #117 and the tract lies near the middle of Drainage District #74. County and private tile lines are located on the tract with 5" and 6" tile lines installed in 2013. A county tile main runs through the southeast corner of the tract and water flows west/southwest off the farm, eventually discharging into an open ditch a mile and a half west of the farm. See the 'Tile Map' found under the downloads for more information.

Located on County Highway E57 and a mile east of Iowa Highway 25, this tract has convenient access to a variety of competitive grain marketing options including ethanol plants and grain elevators. This farm lies in the NW 1/4 of Section 12 in Willow Township.

Legal Description

East Half of the Northwest Quarter (E1/2 NW1/4), and the Southwest Quarter of the Northwest Quarter (SW1/4 NW1/4) Except Lot 1; all in Section Twelve (12), Township Eighty-two (82) North, Range Thirty-two (32) West of the 5th P.M., Greene County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 119.08 Acres M/L
Parcel Number: 1312100002, 1312100005, 1312100004
Net Taxes: $4,444.00
CSR2: 86.8

Directions

From Scranton, Iowa: Head south on Iowa Highway 25 for approximately 6 miles to County Highway E57. Turn left (east) onto County Highway E57 and continue for approximately 1.25 miles. The Farm will be located on the right (south) side of the road and marked with Peoples Company signage.

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Tract 2 - 222nd Street, Jefferson, IA 50129

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Description

Tract 2 consists of 56.06 acres m/l with 54.25 NHEL FSA cropland acres. The tract offers an above average CSR2 soil rating for Greene County, Iowa of 82.8 with primary soil types of Ocheyedan loam, Webster clay loam, and Fostoria loam. Access point is from the northeast corner of the farm right off 222nd street, and an established grass lane runs along the eastern boundary of the property.

Farmland tracts of this size and quality are harder to find and are great opportunities for those looking for a smaller tract or an existing farming operation that wants to add a high-quality parcel. This tract has a strong yield history with a 10-year historical yield average for corn of 201 bushels per acre and 58 bushels per acre for soybeans. The most recent corn yield for the 2025 crop year was an average of 236 bushels per acre. * Please note the yield history includes production records for both Tract 2 & Tract 3, as they were combined when the yield information was received. See the attached "T2 & T3 Yield History" document found under the downloads for more information.

Private drainage tile has been installed in the northeast corner of this tract to move excess water across the road to the north. Drainage tile installation included 515 feet of 6" tile and 2,330 feet of 5" tile completed in 2013. There are additional 4", 5", & 6" tile lines located on the tract. See the attached "T2 Tile Map" found under the downloads for additional information and approximate locations.

Located just south of U.S. Highway 30 and 1 mile east of Jefferson, Iowa, the farm has great access to paved highways and surrounding grain marketing options. Further, this farmland tract can be found in Section 4 of Grant Township. Farming rights are available for the 2027 farm year.

Legal Description

Lot Six (6), Excluding Lots A & B, in the South Half (S1/2) of Section Four (4), Township Eighty-three (83) North, Range Thirty (30) West of the 5th P.M., Greene County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 56.06 Acres M/L
Parcel Number: 1104400001
Net Taxes: $2,276.00
CSR2: 82.8

Directions

From Jefferson, Iowa: Head north on Iowa Highway 4 for approximately 1 mile to U.S. Highway 30. Turn right (east) onto U.S. Highway 30 and continue for approximately 1.5 miles. Turn right (south) onto Oakland Avenue. Travel .5 miles and take a left onto 222nd Street for about .5 miles. The farm will be on the right side (south) of the road marked with Peoples Company signage.

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Tract 3 - 222nd Street, Jefferson, IA 50129

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Description

Tract 3 consists of 47.62 acres m/l with 39.79 NHEL FSA cropland acres. There are currently 39.19 cropland acres in row-crop production, with an average CSR2 soil rating of 81.9 with primary soil types of Nicollet loam, Coland clay loam, and Webster clay loam. The remaining 0.60 cropland acres are enrolled in the Conservation Reserve Program (CRP). See the "T3 CRP Map" under the downloads section for more information. The CRP contract details are listed below:

Contract #11858C - 0.60 Acres enrolled in a Grass Filter Strip (Practice CP21) with an annual payment of $120 ($199.75/Acre) set to expire in September of 2031

This tract has a strong yield history with a 10-year historical yield average for corn of 201 bushels per acre and 58 bushels per acre for soybeans. The most recent corn yield for the 2025 crop year was an average of 236 bushels per acre. * Please note the yield history includes production records for both Tract 2 & Tract 3, as they were combined when the yield information was received. See the attached "T2 & T3 Yield History" document found under the downloads for more information.

The farm does have a few strings of drainage tile installed and a drainage tile intake in the southwest corner of the tract. The drainage tile maps provided by the Owner(s) indicate that tile lines are located on the north side of the property moving water to the west towards Hardin Creek and the other two tile lines would extend from the tile intake. See the attached "T3 Tile Map" for more information and approximate locations.

This tract is located along 222nd Street across the road to the north of tract 2; and 1 mile east of Jefferson, Iowa with road frontage along U.S. Highway 30. Further, this farm can be found in Section 4 of Grant Township. Farming rights are available for the 2027 farm year.

Legal Description

East 5/11ths of the Northeast Fractional Quarter (NEfr1/4), Section Four (4), Township Eighty-three (83) North, Range Thirty (30) West of the 5th P.M., Greene County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 47.62 Acres M/L
Parcel Number: 1104200003
Net Taxes: $1,730.00
CSR2: 81.2

Directions

From Jefferson, Iowa: Head north on Iowa Highway 4 for approximately 1 mile to U.S. Highway 30. Turn right (east) onto U.S. Highway 30 and continue for approximately 1.5 miles. Turn right (south) onto Oakland Avenue. Travel .5 miles and take a left onto 222nd Street. Continue for about 1 mile, and the farm will be on the left side (north) of the road, marked with Peoples Company signage.

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Tract 4 - County Road P-30, Jefferson, IA 50129

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Description

Tract 4 consists of 157.40 m/l acres and has been in the Hastings Family for over 100 years, having earned the prestigious 'Century Farm' designation. This farm was the original farm purchased by the Hastings Family back in the year 1920, and now for sale to the public for the first time in 106 years.

The farm includes 137.80 NHEL FSA cropland acres, consisting of 111.80 acres in row crop production with an overall CSR2 soil rating of 71.7. More than 60% of the farm carries a CSR2 soil rating of 76 or higher, with primary soils including Lester loam and Spillville loam. Of the total FSA cropland acres, 26 acres are enrolled in the Conservation Reserve Program (CRP). Details of the CRP contracts are provided below:

Contract #11718C - 3.00 Acres enrolled in the Habitat Buffers for Upland Birds (Practice CP33) with an annual payment of $615 ($205/Acre) set to expire in September of 2030
Contract #11859C - 5.40 Acres enrolled in the Wetland Restoration on Floodplains (Practice CP23) with an annual payment of $1,620 ($300/Acre) set to expire in September of 2031
Contract #12173A - 1.20 Acres enrolled in a Grass Waterway (Practice CP8A) with an annual payment of $360 ($300/Acre) set to expire in September of 2035
Contract #11633E - 16.40 Acres enrolled in the SAFE - Permanent Nature Grasses (Practice CP38E-25) with an annual payment of $3,182 ($194/Acre) set to expire in September of 2035

This is an opportunity to purchase a historically high producing farm that would generate an above average return compared to the farm's market value when comparing the farm’s yield history and drainage tile improvements. The APH (Actual Production History) yield history of the farm is 190 bushels per acre for corn and 52 bushels per acre for soybeans. The most recent corn yields for the 2025 crop year was 231 bushels per acre. See the attached "T4 Yield History" document found under the downloads for more information.

Drainage improvements have been made to the farm to improve productivity as recently as 2018, with 1,480 feet of 5" tile installed. Additional 4” and 6” drainage tile has been installed on the farm. See the "T4 Tile Map" found under the downloads for approximate locations.

The balance of the tract includes a wooded draw of approximately 14 acres, offering hunting and recreational opportunities on the tract as well. Farming rights are available for the 2027 farm year. Located in Section 23 of Grant Township, this farm lies southeast of Jefferson, Iowa, and southwest of Grand Junction, Iowa with frontage along paved County Road P-30, locally known as the "Squirrel Hollow Road".

Important Boundary Information: The existing fenceline along the northern boundary of the farm sits approximately 5 feet north of the actual legal boundary and has been marked with a 10-foot PVC pipe. Additionally, along the southern boundary, a strip approximately 20 feet wide is not owned by the Seller and is not included in the CRP acreage. Please contact the listing agent for more information.

Proposed Carbon Pipeline Easement
Summit Carbon Solutions has approached the family about establishing a carbon pipeline easement on the property. No easements or agreements have been signed, but potential buyers should be aware of Summit's interest. The proposed easement includes a 50-foot pipeline easement, as well as 50-foot temporary construction area easements. See the "T4 Proposed Pipeline Easement Map" found under the Downloads for approximate locations. Contact the listing agent for more information.

Legal Description

Part of the East Half of the Southwest Quarter (E1/2 SW1/4) and the West Half of the Southeast Quarter (W1/2 SE1/4) in Section 23; and part of the Northwest Quarter of the Northeast Quarter EXCEPT Lot 2, all in Township Eighty-three (83) North, Range Thirty (30) West of the 5th P.M., Greene County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 157.40 Acres M/L
Parcel Number: 1123400001, 1123400003, Portion of 1123300002, Portion of 1123300005, Portion of 1126200001
Net Taxes: $5,300.00
CSR2: 71.7

Directions

From Jefferson, Iowa: Head east out of town on County Road E-53 and go for approximately 2 miles to County Road P-30. Turn right (south) onto County Road P-30. Continue south for approximately 2 miles. The farm will be on the left (east) side of the road, marked by Peoples Company signage.

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Auction Details & Terms

The Patsy A. Hastings Revocable Trust
380.16 Acres M/L
Offered as Four Tracts
Friday, October 23rd, 2026, at 10:00 AM CST

Seller: The Patsy A. Hastings Revocable Trust

Auction Location:
The Courtyard Event Center
214 E State Street
Jefferson, IA 50129

Tract 1: 119.08 Acres M/L | 116.36 FSA Cropland Acres | CSR2 Soil Rating of 86.8
Tract 2: 56.06 Acres M/L | 54.25 FSA Cropland Acres | CSR2 Soil Rating of 82.8
Tract 3: 47.62 Acres M/L | 39.79 FSA Cropland Acres | CSR2 Soil Rating of 81.2
Tract 4: 157.40 Acres M/L | 137.80 FSA Cropland Acres | CSR2 Soil Rating of 71.7

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The tracts will be sold via Public Auction on Friday, October 23rd, 2026, at 10:00 AM at The Courtyard Event Center in Jefferson, Iowa. All 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 "Buyer's Choice" auction will continue until all Tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option, and online bidding will be available.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning Bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Agency: Peoples Company and its representatives are agents of the Seller. Winning Bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Greene County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc., are subject to change when the farm is reconstituted by the Greene County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Tuesday, December 8th, 2026. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given At Closing, Subject to the Tenant's Rights.

Farm Lease: The farm lease has been terminated and farming rights are available for the 2027 growing season.

CRP Contracts & Payments: Tracts 3 & 4 are subject to Conservation Reserve Program contracts. Seller and any other participants listed in the contracts will assign the CRP contracts to the Buyer(s) as of the Closing Date, and Buyer(s) shall assume all obligations of the CRP contracts.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit the required earnest money payment into the Peoples Company Trust Account. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Financing: The purchaser’s obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. Not all tract and boundary lines are fenced, and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property will be sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a "Price Per Acre" amount. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing 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.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc., may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Abstract.

Seller reserves the right to accept or reject any and all bids.