Upcoming Auction

Jasper County, IA
459.40 Acres M/L

Newton & Malaka Township, Jasper County
Newton, IA 50208

Price	Click to Bid Online
Listing	#19253

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Andrew Zellmer, ALC

Office: 855.800.LAND
Mobile: 712.898.5913
AndrewZ@PeoplesCompany.com

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Senior Land Agent

Matt Adams

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

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Tracts
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Property Info

Description

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.

Legal Description

Lengthy legal on file. Exact legal to be taken from the Abstract.

Directions

See individual Tract descriptions for specific directions.

Sign On Property: Yes
MLS Number: 740130
Parcel Number: See individual Tract descriptions for Tract parcel numbers
General Area: Newton & Malaka Township, Jasper County
Net Taxes: $14,194.00
Zoning: AG

Interactive Map

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Tracts

Tract 1 - North 115th Avenue West/ West 4th Street North, Melbourne, IA 50162

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Description

Tract 1 consists of 132.32 gross acres m/l with 61.96 FSA cropland acres and an average CSR2 soil rating of 57.1. Primary soil types include Ackmore silty loam, Downs silty loam, and Tama silty clay loam. These cropland acres are classified as HEL (Highly Erodible Land). Snipe Creek winds through the northeast corner of the property. The farm lies on the Jasper / Marshall County line and is located northeast of Baxter, Iowa in Section 4 of Malaka Township, Jasper County, Iowa. Access is from the north off North 115th Avenue West / 310th Street.

Tract 1 Farm Lease:

The farm is 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. Tract 1 has 58 total acres leased. The yearly total cash rent for Tract 1 is $17,400 and the Sellers will retain the first half rental payment of $8,700. The second half rental payment for Tract 1 is $8,700 and is due to the new Buyer on or before September 1st, 2026.

Legal Description

The Northeast Fractional Quarter of the Northwest Quarter, AND Parcel A in the Northeast Fractional Quarter All of Section 4, Township 81 North, Range 19 West of the 5th P.M., Jasper County, Iowa, as appears in Plat Book 970 at Page 628 in the Office of the Recorder of said County, subject to easement and restrictions of record, if any. Exact legal to be taken from the abstract.

Details

Acres: 132.32 Acres M/L
Parcel Number: 0304200005, 0304100002
Net Taxes: $3,250.00
CSR2: 57.1

Directions

From Baxter, Iowa: Travel east on County Highway F17 for 4.5 miles until reaching West 4th Street North. Turn left (north) onto West 4th Street North and travel north for 3 miles. The farm will be found at the intersection of West 4th Street North and North 115th Avenue West. Look for the Peoples Company signage.

From Newton: Travel north on State Highway 14 for approximately 8 miles until State Highway 14 meets West 4th Street North. Continue north on West 4th Street North for 3 miles. The farm will be found at the intersection of West 4th Street North and North 115th Avenue West. Look for the Peoples Company signage.

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Tract 2 - East 12th Street North, Laurel, IA 50141

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Description

Tract 2 consists of 240 gross acres m/l with 211.10 FSA cropland acres. The tillable acres carry an average CSR2 rating of 61.4 with primary soil types of Shelby loam, Tama silty clay loam, and Colo silty clay loam. The cropland acres classified as HEL (Highly Erodible Land). Little Snipe Creek bisects the property into east and west halves with a crossing found in the middle of the farm. Access is from the east off of East 12th Street North. Located east of Baxter, Iowa and north of Newton, Iowa in Section 11 of Malaka Township, Jasper County, Iowa.

There are three grain bins built in 1973, and a pole shed built in 1924 located on the tract, and powerlines lead to the bin/building site.

Tract 2 Farm Lease:

The farm is 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. Tract 2 has 203 total acres leased. The yearly total cash rent for Tract 2 is $60,900 and the Sellers will retain the first half rental payment of $30,450. The second half rental payment for Tract 2 is $30,450 and is due to the new Buyer on or before September 1st, 2026.

Legal Description

The Northwest Quarter and the West Half of the Northeast Quarter of Section 11, Township 81 North, Range 19 West of the 5th P.M., Jasper County, Iowa. Exact legal to be taken from the abstract.

Improvements

3 total Bins -
2 18' x 18' Steel Grain Bin - Built in 1973 - 3,200-bushel storage
1 21' x 21' Steel Grain Bin - Built in 1973 - 5,000-bushel storage
All grain bins have in floor aeration systems in floor auger
14' x 27' Pole Shed - Built in 1924
Consumer Energy power running to bin/building site

Details

Acres: 240.00 Acres M/L
Parcel Number: 0311100001, 0311100002, 0311200001, 0311100003, 0311100004, 0311200002
Net Taxes: $8,000.00
CSR2: 61.4

Directions

From Baxter, Iowa: Travel east on County Highway F17W for 4.5 miles until reaching West 4th Street North. Turn left (north) onto West 4th Street North and travel north for 1 mile until reaching North 99th Avenue East. Turn right (east) onto North 99th Avenue East and travel east for 1 mile until reaching East 12th Street North. Turn left (north) onto East 12th Street North and travel north for 0.75 miles. the farm will be located on the east side of East 12th Street North. Look for the Peoples Company signage.

From Newton, Iowa: Travel north on State Highway 14 for approximately 8 miles until State Highway 14 meets West 4th Street North. Continue north on West 4th Street North for 1 mile until reaching North 99th Avenue East. Turn right (east) onto North 99th Avenue East and travel east for 1 mile until reaching East 12th Street North. Turn left (north) onto East 12th Street North and travel north for 0.75 miles. the farm will be located on the east side of East 12th Street North. Look for the Peoples Company signage.

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Tract 3 - East 31st Street North, Newton, IA 50208

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Description

Tract 3 consists of 60.05 gross acres m/l with 55.41 FSA cropland acres. The tillable acres carry an average CSR2 rating of 62.8 with primary soil types of Ackmore-Colo complex, Tama silty clay loam, and Shelby loam. The cropland acres classified as HEL (Highly Erodible Land). Elk Creek runs through the property and exits in the southeast corner of the farm. Access is from the east off of NE Belt Line Drive. Located in Section 25 of Newton Township, Jasper County, Iowa.

The farm borders the city limits of Newton, Iowa, along the east side. The future land use map for Newton indicates that this property is planned for Single-Family Residential use. See the 'Future Land Use Map' found under the attachments for more information.

Tract 3 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. Tract 3 has 59.00 total acres leased. The yearly total cash rent for Tract 3 is $19,175 and the Sellers will retain the first half rental payment of $9,587.50. The second half rental payment for Tract 3 is $9,587.50 and is due to the new Buyer on or before September 1st, 2026.

Legal Description

The East Half of the Southwest Quarter of Section 25, Township 80 North, Range 19, West of the 5th P.M., Jasper County, Iowa EXCEPT the West 100.0 feet of the North 864.5 feet and the West 120.0 feet of the South 451.55 feet of the NE ¼ of the SW ¼ of said Section 25 containing 3.23 acres more or less and EXCEPT beginning at the Southwest corner of the SE ¼ of the SW ¼ of said Section 25, thence North 1316.05 feet along the West line of said SE ¼ of the SW ¼ thence East 65.0 feet, thence South 348.45 feet along a line parallel to the West line of said SE ¼ of the SW ¼, thence Southeasterly 301.04 feet to a point 90.0 feet East of the said West line of said SE ¼ of the SW ¼, thence South 500.0 feet along a line parallel to the West line of said SE ¼ of the SW ¼, thence Southeasterly to a point 75.0 feet normally distant Northerly of a point 300.0 feet East of the Southwest corner and on the South line of said SE ¼ of the SW ¼ thence Southeasterly to a point 33.0 feet North of a point 800 feet East of the Southwest corner and on the South line of said SE ¼ of the SW ¼, thence South 33.0 feet, thence West 800.0 feet along the South line of said SE ¼ of the SW ¼ to the point of beginning and containing 3.03 acres more or less exclusive of the present established road. Exact legal to be taken from the abstract.

Details

Acres: 60.05 Acres M/L
Parcel Number: 0825300006, 0825300009
Net Taxes: $2,074.00
CSR2: 62.8

Directions

From Newton, Iowa: Travel east on US Highway 6 for 2 miles until reaching East 31st Street North. Turn left (north) onto East 31st Street North and travel north for 0.5 miles. The farm will be located on the east side of East 31st Street North. Look for the Peoples Company signage.

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Tract 4 - US Highway 6, Newton, IA 50208

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Description

Tract 4 consists of 27.03 gross acres m/l with an estimated 20.20 FSA cropland acres. The tillable acres carry an average CSR2 rating of 62.6 with primary soil types of Downs silt loam, Tama silty clay loam, and Gara loam. The cropland acres classified as HEL (Highly Erodible Land). Elk Creek runs through western edge of the farm. Access is from the south off of US Highway 6 and from the north off of North 4th Avenue East. Located in Section 36 of Newton Township, Jasper County, Iowa.

This farm lies within the city limits of Newton, Iowa and borders the Elk Hills East Subdivision. The future land use for this tract has not been established, but the farm could have future development potential. See the 'Future Land Use Map' under the attachments for more information.

Tract 4 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. Tract 4 has 21 total acres leased. The yearly total cash rent for Tract 4 is $6,825 and the Sellers will retain the first half rental payment of $3,412.50. The second half rental payment for Tract 4 is $3,412.50 and is due to the new Buyer on or before September 1st, 2026.

Legal Description

All that part of the North Half of the Northeast Quarter of Section 36, Township 80 North, Range 19 West of the 5th P.M., Jasper County, Iowa, lying North of the center of the primary highway, now designated as U.S. No.6; EXCEPT ELK HILLS EAST SUBDIVISION in the City of Newton, Jasper County, Iowa, as appears in plat recorded in Plat Book A, at Page 346, in the Office of the Recorder of said County; and EXCEPT Parcel A in the northwest Quarter of the Northeast Quarter of said Section 36 as appears in plat recorded in Book 1125, Page 152, in the Office of the Recorder of said County. Exact legal to be taken from the abstract.

Details

Acres: 27.03 Acres M/L
Parcel Number: 0836202001
Net Taxes: $870.00
CSR2: 62.6

Directions

From Downtown Newton, Iowa: Travel east on US Highway 6 for 4.25 miles. The farm will be located on the north side of US HWY 6. Look for the Peoples Company signage.

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Auction Details & Terms

Auction Location Map

The Merna J Rusk Estate
459.40 gross acres m/l
348.67 Total FSA Cropland Acres
Offered as Four Tracts
Wednesday, June 10th, 2026, at 10:00 AM CST

Seller: The Merna J Rusk Estate

Auction Location:
Newton Arboretum - Krumm Center
3030 North 4th Avenue East
Newton, Iowa 50208

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 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

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 Wednesday, June 10th, 2026, at 10:00 AM at the Newton Arboretum in Newton, 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 Jasper 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 Jasper 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 Friday, July 24th, 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 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 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

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.