Timed online auction

143.31 taxable acres – Sections 11 & 15 Morgan Township Harrison County Iowa

Bids open: Monday, January 26^th, 2026 @ 10am

Bidding ends: Friday, January 30^th, 2026 @ 10am

All interested parties to register at www.spencergroups.com and submit a bank letter of creditworthiness by contacting the Spencer Groups office by calling 712-644-2151

Directions to the Farm:  From Mondamin, Iowa, North on County Road K-45 (Austin Ave) approximately 2.5 miles, then West on Derby Lane ½ mile to the farm.  Farm is bordered by I-29 on the West and the Soldier River on the North.

FSA Information:  Farm# 1287    Tract# 1296

Cropland:           102.35

CRP: Contract #11522

26.46 acres with yearly payment of $4563. Contract Expires 9/30/2029

New owner will assume and abide by the terms of the existing CRP contract.  2026 CRP contract payment will be prorated by the FSA to the date of closing.

CSR2: 75.7 on tillable

Taxes:   $4680, prorated to the date of closing.

Drainage: $30 paid in 2025.

Method of Auction:        143.31 acres x the bid

Terms:  Your bid is not subject to financing or any other contingencies. 

Seller  has the right to accept or reject the final bid on the farm by 5pm on January 30^th 2026.  If the bid is accepted, buyer will sign a purchase agreement and place a 10%  non-refundable earnest deposit in the Blair Title Trust Account, where it will be held until closing.  Seller to provide an updated abstract.  Buyer to provide a title opinion rendered by the attorney of the buyer’s choice, at the buyer’s expense.  Each party will be responsible for normal closing costs associated with closing a real estate transaction, w which will include a closing fee to Blair Title.

Closing: Closing to be on or before March 2^nd, 2026.  Buyer will receive full possession and full farming rights on the closing date.

Auctioneer’s Note:  This 143.31 taxable acre gem is nestled just west of Round Lake State Preserve, a convenient 10-minute drive from the Mondamin Exit on I-29. It features 102 acres of highly productive tillable land with an impressive 75.7 CSR2 rating and generates a steady $4,563 in annual CRP income. The property’s Soldier River frontage enhances its appeal, offering excellent recreational opportunities for fishing, pheasant hunting, and other outdoor pursuits. 

CW Kellogg Farms, LC – Owners

Ed Spencer, Broker/Auctioneer 402-510-3276

Agency:   Ed Spencer Real Estate/Farms America, INC and Spencer Groups, its agents and its associates, are agents for, and represent the Sellers in this transaction.  All bidders shall be considered customers, not clients.

DISCLAIMER: Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed material, or any oral statements made. All information in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the sellers or the auction company. Each potential bidder is responsible for conducting his or her own due diligence, inspections, investigations, and inquiries regarding the farm. The information in this brochure is believed to be accurate but is subject to the verification of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs and information provided by the county assessor and FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.