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.




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