Greene County, IA
381.47 Acres M/L

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

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Listing	#19620

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Matt Adams

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

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Property Info

Description

Upcoming Greene County, Iowa Farmland Auction - Mark your calendars for Friday, October 23rd, 2026, at 10AM! Peoples Company is pleased to be representing the Patsy A. Hastings Revocable Trust in the sale of the family's farmland portfolio consisting of 381.47 acres m/l. Offered as four individual tracts, the farms vary in size from 47.62 acres m/l to 158.71 acres m/l. These farms have been long-time family heirlooms of the Hastings Family, with the earliest ownership dating back to the 1920s.

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: 158.71 acres m/l (to be surveyed) with 137.80 NHEL FSA cropland acres and a CSR2 soil rating of 69.4

Highly tillable farmland tracts of these sizes make for a great opportunity for the beginning farmer, an investor looking to diversify their portfolio, or an existing farm operation looking to add more affordable tracts compared to larger farm offerings. Located south of Scranton, Iowa and east of Jefferson, Iowa, the four tracts offer productive cropland acres, income producing CRP acres, easy access to local and state highways, and land that hasn't been available to the public for decades.

All four tracts have had drainage improvements added, please see the individual tracts for additional information. The current farm leases have been terminated, and farming rights are available for the 2027 growing season.

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 Wedding & Events 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
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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Tracts

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

Tract Photos

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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. The current farm lease has been terminated and farming rights will be available for the 2027 growing season.

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.

Conveniently located off County Highway E57, the tract lies a mile east of Iowa Highway 25, offering quick access to local grain elevators in Scranton, Ralston, and Jefferson, Iowa and ethanol plants located in Coon Rapids or Grand Junction, Iowa (Louis Dreyfus Company). Located in Section 12 of Willow Township, Greene County, Iowa.

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.

Downloads

Tract 2 - 222nd Street, Jefferson, IA 50129

Tract Photos

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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.

The yield history for tracts 2 and 3 is combined, offering strong yields for the last decade. Most recently, the crop yields have shown 236 bushels for corn in 2025 and 60 bushels for soybeans in 2024. See the attached "T2&3 Yield History" document found under the downloads for more information.

Conveniently located just south of U.S. Highway 30 and only 1 mile east of Jefferson, Iowa, the tract offers quick access to local grain markets in Jefferson and Grand Junction, Iowa. The current farm lease has been terminated, and farming rights are available for the 2027 growing season.

Private drainage tile has been installed on the tract with 515 feet of 6" tile and 2,330 feet of 5" tile installed in 2013. Additional 4", 5", and 6" tile lines are located on the tract, see the attached "T2 Tile Map" found under the downloads for additional information and approximate locations.

Located in Section 4 of Grant Township in Greene County, Iowa, this tract offers a more affordable option for a beginning farmer, an investor looking to diversify their portfolio, or an existing farm operation.

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.

Downloads

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

The yield history for tracts 2 and 3 is combined, offering strong yields for the last decade. Most recently, the crop yields have shown 236 bushels for corn in 2025 and 60 bushels for soybeans in 2024. See the attached "T2&3 Yield History" document found under the downloads for more information. The current farm lease has been terminated, and farming rights are available for the 2027 growing season.

A tile intake is located in the southeast corner of the tract, and tile maps provided by the seller indicate that tile lines of unknown size are located on the tract. See the attached "T3 Tile Map" for more information and approximate locations.

This tract can be found in Section 4 of Grant Township in Greene County, Iowa, conveniently located just 1 mile east of Jefferson, Iowa and just south of U.S. Highway 30. This farm offers easy access to local grain markets in Jefferson and Grand Junction, Iowa. Access point to this tract is located on the south side of the property off 222nd Street.

This tract offers an affordable opportunity to beginner farmers, an investor looking to diversify their portfolio, or an existing farm operation.

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.

Downloads

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

Tract Photos

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Description

Tract 4 consists of 158.71 m/l acres and has been in the Hastings Family for over 100 years, having earned the prestigious 'Century Farm' designation. This farm has been a long-time family heirloom with ownership dating back to 1920, making this the first time it has been available to the public in 106 years.

The farm includes 137.80 NHEL FSA cropland acres with a CSR2 soil rating of 69.4. Of the cropland acres, there are currently 111.80 acres in row-crop production with a CSR2 soil rating of 71.7. Over 60% of the farm carries a CSR2 soil rating of 76 or higher, and primary soil types include Lester loam and Spillville loam. Of the FSA cropland acres, 26 acres are enrolled in the Conservation Reserve Program (CRP). The details on the contracts are listed 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

Yield history for Tract 4 is available, and the APH (Actual Production History) of the cropland acres is 190 bushels per acre for corn and 52 bushels per acre for soybeans. Recent corn yields have been 231 bushels and 47 bushels for soybeans. See the attached "T4 Yield History" document found under the downloads for more information. The current farm lease has been terminated, and farming rights are available for the 2027 growing season.

Drainage improvements have been added to the tract as recently as 2018, with 1,480 feet of 5" tile installed. Additional tile lines are present on the tract as shown on maps provided by the Seller. Please 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. Located in Section 23 of Grant Township, this farm lies southeast of Jefferson, Iowa, and southwest of Grand Junction, Iowa. Access to the farm is from paved County Road P-30, locally known as the "Squirrel Hollow Road".

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 as well. 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: 158.71 Acres M/L
Parcel Number: 1123400001, 1123400003, Portion of 1123300002, Portion of 1123300005, Portion of 1126200001
Net Taxes: $5,300.00
CSR2: 69.4

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.

Downloads

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Auction Details & Terms

The Patsy A. Hastings Revocable Trust
381.47 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 Wedding and 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: 158.71 Acres M/L | 137.80 FSA Cropland Acres | CSR2 soil rating of 69.4

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 Wedding & Events 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 will be terminated prior to the September 1st deadline and farming rights will be 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.