4-2-14 – LAND AUCTION

LAND AUCTION

+/-394.66 Acres of Pipestone, Murray and Lincoln County, MN Land
Att’n. Land Buyers – Including Row Crop Operators, Crop-Livestock Operators,
Investors, Hunters & Wildlife Enthusiasts
This Land is “Ready to Go” to Farm in 2014, Being Fertilized for Corn and Fall Tilled


We will offer all the following Parcels of Land at Public Auction at the Following Designated Auction Locations and Sale Times on

WEDNESDAY APRIL 2, 2014
SALE TIMES:  10:00 AM – Farms #1, #2 & #3 at Farm #1
2:00 PM – Farm #4 at Farm #4

AUCTIONEERS NOTE:  This auction presents an excellent opportunity to purchase approximately 394.66 Acres of Pipestone, Murray and Lincoln County Minnesota Land – Farms #1, #2 & #3 located within in a relatively close proximity to one another in Northeastern Pipestone County & Northwestern Murray Co., MN and Farm #4 being a bit of a distance north in Southern Lincoln Co., near Tyler, MN.  We will offer these farms as four (4) individual parcels, so as to fit the needs of large and small operators and investors, thus this land will be suitable to fit the needs of a variety of buyers. This auction presents an excellent opportunity to purchase land which will have varying percentages of productive cropland & non-tillable land, with portions of some parcels providing some excellent hunting and wildlife production prospects.

As an added benefit to new owners, all of these farms have been grid sampled with the soil fertility determined by Centrol Crop Consulting and each farm has been pre-fertilized for corn production in 2014 as recommended, thus both the fertilization on the cropland acres at an average cost per acre to the sellers of approx. $126.00 per acre and field preparation for the 2014 crop year inclusive of stalk chopping and disc ripping on the land which could easily have a $25.00 per acre cost have already completed, thus the new buyer will benefit from the combined cost of the tillage and fertilizer on the cropland acres of approximately $150.00 per acre – which will pass with the land at “No Cost” to the buyer.  Please mark your calendars, get your financing in order and make plans to attend and bid on the parcel of land offered on this auction.

10:00 AM – SALE SITE @ FARM #1:  From this Location we will offer 3 Parcels of Land – Farm #1, Farm #2 & Farm #3 – All of which are located Near Holland, MN & Ruthton, MN – The SALE SITE (FARM #1) is Located from Holland, MN – 4 miles north on Hwy. #16 (140th Ave.) and 1 mile east on 211th St. to the NE Corner of the Land @ the Jct. of 150th Ave. & 211th St.; from Ruthton, MN – approx. 1½ miles south on Hwy. #23 and 3 miles west on Co. Hwy./211th St.; from Pipestone, MN (Jct. of Hwys. #30, #75 & #23 –  McDonald’s Corner) – 11 miles north on Hwy. #75 to 211th St. (KT Store/Ward, SD Corner), then 6½ miles east on 211th St.

FARM #1 – +/-160 Acres – Legal Desc.: The NE¼ of Sec. 19, T. 108N., R. 44W., (Aetna Twp.), Pipestone Co., MN.

Farm #1 is a well located parcel of land with a gently rolling to rolling topography. This farm is in great farming condition for 2014 as the cropland has been pre-fertilized for corn, with approx. $19,300.00 in fertilizer applied (approx. $136.00/Ac.) and the Fall tillage completed inclusive of stalk chopping and   disc ripping with an added value of approx. $25.00/Acre – all of which will pass at “no cost” to the buyer.  According to FSA information this farm has approx. 150.81 acres of total cropland with approx. 142.01 acres of effective cropland, subsequent to the CRP reduction on 8.8 acres, with a 58.8 acre corn base    with an 80 bu. direct & CC yield, a 51.3 acre soybean base with a 33 bu. direct & CC yield and a 28.5 acre wheat base with a 33 bu. direct & CC yield; additionally there is an existing CRP contract on 8.8 acres enrolled @ $93.10/Ac. for an annual payment of $819.00 with the contract scheduled to expire on 9/30/14 for which the sellers will assign 100% of the 2014 payment to the new buyer, with the buyer to be obligated to comply with the remaining terms and provisions of the CRP contract.
According to the Pipestone Co. Assessor this farm has a CER of 65.01 and Surety Agri-Data info. on this farm indicates an overall soil rating of a 92.4. The proposed 2014 RE taxes on this farm are $2,960.00. According to the owners and information in their possession there is evidence of a rather significant amount of drain tile that has been installed throughout portions of this farm.  Presently there are 3 Windmill Towers in place on the property for which a perpetual easement has been granted with all proceeds collected by a previous owner, with no future payments due to any future owner.

FARM #2 – +/-80 Acres – Legal Desc.: The N½ NW¼ of Sec. 33, T. 108N., R. 45W., (Fountain Prairie Twp.), Pipestone Co., MN.  – Located from FARM #1 – 4½ miles west on 211th St. and 2 miles south on 100th Ave. (the NW corner of the land @ the Jct. of 100th Ave. & 191st St.); from Holland, MN – 3 miles west on 171st St. & 2 miles north on 100th Ave.; or from Pipestone, MN (McDonald’s Corner) – 9 miles north on Hwy. #75 and 2 miles east on 191st St.

Farm #2 is a parcel of land which is well suited to fit the needs of a variety of buyers, as this property has a mix of productive cropland and has some attributes that could make this a very desirable property for the hunter and wildlife enthusiast.  Farm #2 is a parcel of land with a level to nearly level topography. This farm is in great farming condition for 2014 as the cropland has been pre-fertilized for corn, with approx. $6,558.00 in fertilizer applied (approx. $109.00/Ac.) and the Fall tillage completed inclusive of stalk chopping and disc ripping with an added value of approx. $25.00/Acre – all of which will pass at “no cost” to the buyer. According to FSA information this 80 acre farm has approx. 60.14 acres of cropland with a 34.3 acre corn base with a 75 bu. direct & 104 bu. CC yield and a 25.8 acre soybean base with a 27 bu. direct & a 33 bu. CC yield.  The non-tillable acres on this farm are comprised of an area on the east end of the farm which encompasses some trees in and around the creek/waterway which provides some excellent cover for deer, pheasants and other wildlife.  According to the Pipestone Co. Assessor this farm has a CER of 67.25 and Surety Agri-Data info. on this farm indicates an overall soil rating of 75.1. The proposed 2014 RE taxes on this farm are $1,678.00.

FARM #3 – +/-80 Acres – Legal Desc.: The W½ NE¼ of Sec. 8, T. 108N., R. 43W., (Ellsborough Twp.), Murray Co., MN. – Located from FARM #1 – 3 miles east on 211th St. to Hwy. #23, then go 2 miles north on Hwy. #23 to the NE Corner of Ruthton, MN, then go approx. 3 miles east on 231st St.

Farm #3 is a choice parcel of land which has a high percentage tillable, thus this would be a very desirable parcel of land that would make an excellent addition to a row crop farming operation or investment property.  Farm #3 is a parcel of land with a level to nearly level topography. This farm is in great farming condition for 2014 as the cropland has been pre-fertilized for corn, with approx. $10,492.00 in fertilizer applied (approx. $137.50/Ac.) and the Fall tillage completed inclusive of stalk chopping and disc ripping with an added value of approx. $25.00/Acre – all of which will pass at “no cost” to the buyer. According to FSA information this 80 acre farm has approx. 76.33 acres of cropland with a 37.6 acre corn base with a 93 bu. direct & CC yield and a 38.7 acre soybean base with a 30 bu. direct & CC yield.  The non-tillable acres on this farm are comprised primarily of a patch of low lying grassland located in the NE corner of the farm.  According to the Murray Co. Assessor this farm has a CER of 63.4 and Surety Agri-Data info. on this farm indicates an overall soil rating of 91.5. The proposed 2014 RE taxes on this farm are $1,570.00.

FARM #4 – +/-74.66 Acres – Abbreviated Legal Desc.: That portion designated as Parcel 3 in Sections 7 and 8 of T. 109N., R. 44W, (Hope Twp.), Lincoln, Co. MN as depicted on the Hesse Survey by Bueltel-Moseng Land Surveying in 2007 – lying S. & W. of the Acreage Sites located at 2417 & 2409 Hwy. #14, Tyler, MN.  – Located from Tyler, MN (Schuneman JD) – Approx. 1½ miles west on US Hwy. #14.

Farm #4 is an irregular shaped parcel of land lying south and southeast of the Jct. of 240th Ave. & US Hwy. #14.  Access to the property is via a 50’ area provided in a perpetual easement that runs along the east edge of the acreage site (2417) that is excluded off of this farm.  This parcel has a high percentage tillable, thus this is a parcel of land that would make a nice addition to a row crop farming operation or investment property. This farm is in great farming condition for 2014 as the cropland has been pre-fertilized for corn, with approx. $7,753.00 in fertilizer applied (approx. $110.00/Ac.) and the Fall tillage completed inclusive of stalk chopping and disc ripping with an added value of approx. $25.00/Acre – all of which will pass at “no cost” to the buyer.  According to FSA information this farm is estimated to contain approx. 70.43 acres of cropland with a 42.1 acre corn base with a 79 bu. direct & CC yield and a 21.4 acre soybean base with a 28 bu. direct & CC yield.  The general topography of this land ranges from level to portions that are rather hilly.  According to the Lincoln Co., MN Assessor this farm on 50.43 acres has a CER of 55.35 and on 24.23 acres has a CER of 49.78 and Surety Agri-Data info. on this farm indicates an overall soil productivity index of an 83.6. The proposed 2014 RE taxes on this farm are $1,522.00.

TERMS:  Cash – A 10% non-refundable earnest money payment on the day of the sale with the balance due and payable on or before May 15, 2014 with full possession to operate these farms in the 2014 crop year, with the fertilizer applied and tillage completed on the land to pass at “no additional cost” to the buyer.  On Farm #1- the buyer will receive 100% of the rents & CRP payments payable in 2014 and will be obligated to comply with the remaining terms and provisions of the CRP contract which is scheduled to expire on Sept. 30, 2014, any penalty for non-compliance with the remaining terms of the CRP contract will be the responsibility of the purchaser.  Farm #1 is sold subject to the existing wind easement, with no future payments with the buyers to be subject to the terms and provisions of the existing wind easement. Marketable Title will be conveyed and at the option of the sellers either an Abstract of Title or Registered Property Abstract/Certificate of Title will be provided to the buyer.  All of the RE taxes payable in 2014 to be paid by the sellers.  The acres in these farms are based on the acres as stated on the county tax records with the acres to be understood to be “more or less”.  The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing will be the responsibility of the buyer pursuant to MN Law.  FSA yields, bases, payments, CRP information and other FSA data is estimated and not guaranteed and is subject to County Committee Approval & the provisions  and finalization of the 2014 Farm Bill.  Information contained herein is deemed to be correct but is not guaranteed. These properties are sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances.  The RE licensees in this transaction are acting as agents for the seller.  Sold subject to confirmation of the owners.

DRY CREEK FARMS PARTNERSHIP, OWNER
Jim O’Neill – O’Neill & Barduson Law Firm – Pipestone, MN
Attorney & Closing Agent for the Sellers
For Add’l. Info. Contact Steve Rozeboom – ph. 712-441-2213
or Brian Rozeboom – ph. 712-441-0169

CHUCK SUTTON – AUCTIONEER & LAND BROKER
SIOUX FALLS, SD – ph. 605-336-6315 & FLANDREAU, SD – ph. 605-997-3777
LENNY BURLAGE – BURLAGE PETERSON REALTY & AUCTIONEERS – BROOKINGS, SD – ph. 605-692-7102
DEAN STOLTENBERG – AUCTIONEER & RE SALESMAN – Jasper, MN – ph. 507-348-7352