THIS PROPERTY WILL BE SOLD 34.64 ACRES TIMES THE MONEY. ACTUAL ACRES WILL BE CALCULATED BASED ON 34.64 ACRES & WILL BE REFLECTED ON THE PURCHASE CONTRACT.

This auction presents the opportunity to purchase a small choice parcel of farmland which has a variety of great amenities – including choice high percentage tillable cropland w/superb soil ratings, 2,750’ of well-designed recent drain tile installed in 2023, a recently cleaned waterway (2024), access to hog manure from an adjoining unit, excellent eye appeal and a great location near MN Hwy. #30 with great farm to market access.  According to FSA information this +/-34.64 acre farm has approximately 26.78 acres of cropland which appears to be understated due to recent waterway cleanup, drain tile & other site improvements – which according to the owner should increase the actual cropland acres by approx. 6 acres, resulting in an estimated total of +/-32.5 acres of cropland; FSA also indicates this farm has a 6.85 acre corn base with a 172 Bu. PLC yield & a 6.85 acre soybean base with a 36 Bu. PLC yield.  According to Pipestone County Assessors information this property has a CER of a 78.73 & information obtained from Surety Agri-Data Inc. indicates this parcel has an extremely high productivity index of a 97.3.  The general topography of this land is level to very gently rolling.  It is especially noteworthy that this land has benefited from the managed regular application of hog manure from an adjacent hog sow unit which has resulted in excellent fertility and high organic matter in this land.  As an additional benefit to the buyer, hog manure will be applied to this land in the Fall of 2024 at the expense of the sellers – thus this hog manure applied will pass at “No Cost” to the purchaser.  The 2024 RE taxes on this property are $708.00.  Another positive aspect of this auction is that the purchaser will have the opportunity to lease +/-12.63 acres of adjacent cropland owned by Dakota Superior Gilts which was previously all operated together by the same tenant, thus the purchaser would have the option to lease an additional +/-12.63 acres at a rental rate of $225.00/acre on a 3 year lease for 2025, 2026 & 2027, if the buyer should elect to lease this land, they would be responsible for the cost of the hog manure and application applied in 2024 for benefit of the 2025 crop year and going forward throughout the term of the lease.

LEGAL DESC.:  +/-34.64 Acres – Commencing at NE Cor. Thence W. 1,286’, S. 742’, E. 709’, S. 962’, E. 577’ and N. 1,704’, to the Point of Beginning, all in Sec. 14, T. 106N., R. 47W., Sweet Twp., Pipestone County, MN.

TERMS: Cash – A 10% nonrefundable earnest money payment sale day and the balance on or before January 3, 2025, with full possession at closing for the 2025 crop year. Marketable Title will be conveyed and an Owners Title Insurance Policy will be provided with the cost divided 50-50 between the buyer and seller.  The closing agent’s fee (Eisma & Eisma Law Firm) to be paid by the sellers. Sellers will pay for the transfer documents and deed tax; buyers will pay for the recording of the deed and title examination.  The acres being sold will be in accordance with the county tax records, with the acres understood to be “more or less”. All of the RE taxes payable in 2024 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2025. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statutes. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval. .  Due to the Bio-Security for the adjacent hog sow unit owned by Dakota Superior Gilts, this property will be sold subject to a manure management easement, whereby any hog manure applied must come from that unit, with the application of manure from any other hog unit prohibited, with no restrictions on application of commercial fertilizer; the manure easement will also allow for ingress/egress to applicate manure on surrounding parcels.  Buyer shall have the option to receive manure on the subject at 70% of commercial fertilizer rates.   This property has recently been surveyed by Stockwell Engineering to monument the property corners and acres in the property, with the aces sold to be in accordance with the surveyed acres.  This property is sold in “AS IS” Condition and subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. Information contained herein is deemed to be correct, but is not guaranteed. The seller may desire to utilize this property in connection with a 1031 tax free exchange, and if so, the buyer will agree to cooperate with facilitation of the exchange, with all cost related to the exchange to be paid by the sellers. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the Owners.