4-14-14 – LAND AUCTION
160 (±) Acres Highly Productive Shaokatan Township, Lincoln Co., MN Land
We will offer the following land at public auction located from Hendricks, MN 5 miles South on Lincoln Co. Road 1 and 1 mile East on 260th St. on
Monday, April 14, 2014 Sale Time: 10:00 A.M.
This unimproved highly productive farm has excellent eye appeal and very productive land. According to Surety AgriData the farm has predominately Oak Lake Complex and Parnell Clay Loam Class I and II soils with a very high productive index of 95.8. The farm has approximately 22,000’ of tile and FSA corn base of 75.9 acres with 87 bu. yield, soybean base of 58.2 acres with 27 bu. yield, and wheat base of 10.4 acres. This farm will be sold as 155 acres x price per acre and new buyer will assume 5 acres of CREP that has a perpetual easement to the State. Buyer also assumes 4.7 acres CRP Contract in the CREP area and will receive $396 per year until 2016, and this area is located in SE corner of farm. This productive farm will be all tillable minus roads, CREP area and small metal shed. Fall chisel work goes with the farm.
We invite you to inspect this very good farm that would be an ideal addition for farmer or investor. For additional information contact Auctioneers or go to our website www.burlagepeterson.com. COME PREPARED TO BUY.
Legal Description: NW ¼ of Section 16, T-111-N, R-46-W, Shaokatan Township, Lincoln County, MN.
TERMS: 10% non-refundable earnest money deposit due day of the sale with immediate possession, balance due on or before May 14, 2014. Title Insurance and Closing Fee split 50/50 between buyer and seller. Buyer pays RE Taxes payable in 2014. Sellers may do 1031 exchange at seller’s expense. Farm sold subject to any easements or right of way restrictions and to confirmation of owners. All information deemed to be correct but not guaranteed. Statements made day of sale take precedence over all other material. The Auctioneers represent the seller’s in this transaction.
JOSHUA & AMANDA RAUSCH, MIKE & JILL RAUSCH – OWNERS
AUCTIONEERS CLOSING ATTORNEY
Ben Meyer Huron, SD – 605-350-0316 Glen Petersen Tyler, MN – 507-247-5515
Burlage Peterson Realty & Auctioneers Brookings, SD – 605-692-7102