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160 +/- ACRE LAND AUCTION

SOLD FOR $4,750 PER ACRE


160 (±) ACRES DRAMMEN TWP, LINCOLN CO., MN LAND AUCITON

160 ACRE IMPROVED LAND AUCTION 

WITH 480 ACRE LAND LEASE OPTION & FARM EQUIPMENT AUCTION

160 ACRE IMPROVED LINCOLN COUNTY MINNESOTA LIVESTOCK FARM – CONSISTING OF A WELL IMPROVED

160 Acre Farm with a Nicely Remodeled Home, Equipment, Hay Storage & Livestock Buildings, Cattle Feeding Facilities and Land with a Mixture of Cropland & Pasture; Additionally the Purchaser of This Farm Will Have the Opportunity to Lease an Additional 480 Acres Including a 320 Acre Farm Directly west of the Farmstead Comprised of Land That Consists of a Mixture of Cropland Acres, Hayland & Pasture and a Choice 160 Acres of Tillable Cropland Located Just 1 Mile South of the Farmstead

As I am in the process of purchasing a Steakhouse & Bar, I have decided to offer the following real property at auction at the land, along with the option to lease my additional land, and my farm equipment, with the auction to be held at the main farmstead  located at 1618 160th Ave., Lake Benton, MN; or from Lake Benton, MN (Jct. of Hwy’s. #75 & #14) –  3 miles west on Hwy. #14 and 1 mile north on 160th Ave. to the SW Corner of the farm;

SALE DATE:  FRIDAY MARCH 11, 2016

SALE TIMES:  LAND AUCTION – 10:00 AM & FARM EQUIPMENT AUCTION – 1:00 PM

OPEN HOUSE DATES:  Sun. Feb. 21st from 1:00 to 4:00 PM, Sat. Feb. 27th 1:00 to 4:00 PM & 

Sun. Feb. 28th from 1:00 to 4:00 PM or Shown by Appointment

AUCTIONEERS NOTE: ATTENTION – Cow-Calf & Livestock Producers in the Market For An Improved 160 Acre Livestock Farm with a Recently Remodeled Modern Ranch Style Home, Excellent Outbuildings and   Livestock Facilities and Other Improvements – With a total of over $100,000.00 of renovations and improvements to the house and farmstead, gravel and drain tile and other drainage improvements in 2015.  This Land Purchase Comes with the Opportunity to Lease an Additional 480 Acres on a 3 Year Lease, making this an extremely desirable package for someone seeking a great working livestock operation.  In addition, beginning at 1:00 we will offer an excellent line of mostly late model farm & livestock equipment that must be seen to be appreciated!  Also, on the farm auction we will be offering some high quality hay and straw.  Mark your Calendars & Plan be in Attendance at These Auctions!!

This parcel of land consists of a 160 acre well improved farm with a substantially remodeled home and excellent livestock facilities.  The improvements on this farm includes a beautifully remodeled ranch style home with approx. 1,800 sq.ft. on the main floor and a total of approx. 3,200 sq. ft. of finished living area.  The main portion  of the home was constructed in 1997 with an addition in 2006 – furthermore the interior of the home was substantially remodeled in 2015 including but not limited to kitchen countertops w/undermount sink, kitchen appliances, new hardwood floors and carpeting, interior paint & more; the main level includes a front entry to an open living room, dining area and kitchen with snack bar, oak cabinets and new Maytag refrig., stove, microwave & dishwasher; a spacious remodeled master bedroom w/closet, dual entry full bath, laundry area and a mud room – the main floor has 2”x6” sidewalls throughout and Anderson windows; there is a side entry to the house accessing the mudroom and kitchen from an attached double garage w/2 overhead doors and 2 elec. door openers – the garage has 2”x4” sidewalls and is insulated with finished sidewalls and ceiling; the home has a full basement which was constructed with an insulated formed poured concrete foundation with 6” drain tile installed and a concrete floor – the basement includes a rec room that was remodeled in 2015, 2 bedrooms, a ¾ bath, storage-utility area and a room with an ingress/egress window in the 2006 addition. The home is serviced with a Thermo Pride High Efficiency LP gas furnace w/central AC, a 200 amp breaker electrical service, an 80 gal. Marathon elec. HW heater is currently serviced with well water, although Lincoln/Pipestone Rural Water is at the end of the driveway, and a new 6 member family septic was installed in 2006 and is compliant with existing regulations. This farmstead is serviced by Lyon-Lincoln Rural Electric.

Other improvements include a Morton Machine Shed (approx. 72’x120’) built in 2002 w/15’ sidewalls, gravel floor & concrete approach, a set of 30’ and 24’ sliding doors, 2 walk doors and 110V&220V single phase electrical with multiple outlets; a Morton Calving/Hay Storage  Bldg. (approx. 48’x120’)  built in 2002 with 15’ sidewall height with 4’ high concrete around the base of the exterior of the bldg. and a 24’ and 15’ sliding end doors, 7 ½’ side door and a walk door – this bldg. has a 16’x20’ concrete interior pad used for placement of a portable calving pen and has an auto. waterer, a hydrant and is wired with electrical; a pole type metal machine shed (approx. 40’x64’ with new concrete floor and a 20’x64’ lean-to) originally built in 1972 with a 2011 lean-to at which time new steel was placed on the west side of the machine shed and lean-to; wooden livestock bldg. w/hay mow – re-roofed in 2011 (approx. 28’x64’) w/concrete floor, inside hydrant, 36’x64’ concrete apron & 20’ of concrete “J” feedbunk; wooden pole type calving barn (approx. 26’x36’) w/metal exterior, 3’ partial concrete sidewalls, concrete floor and hydrant and an adjacent 12’x36’ addition – of which 12’x16’ is being utilized as a heated vet room with insulated and plywood lined interior walls;  a Monoslope bldg. (approx. 20’x48’) used for livestock, straw/hay stg. w/varying heights from 16’ to 22’ – this is a pole type structure with a new 15’x20’ opening for ease of access & cleaning;; 8 livestock yards – Inclusive of  some 2015 improvements including +/-170’’ of new concrete bunk and inside and outside concrete apron, a new 36’x140’ concrete pad w/new  concrete “H” bunk and improved feedlot drainage; other existing facilities include 1 yard with  112’ of concrete “H” bunk and 80’x100’ concrete pad; another yard with 370’ of concrete “J” bunk (including the 170 of new “J” bunk previously mentioned) with a 20’ concrete apron on the eating side, another yard with 60‘ of concrete “J” bunk with a 20’ apron on each the feeding and eating side; the area in and around the feedyards have a significant amount of guard rail and sucker rod fencing, windbreak fence and multiple livestock fountains and hydrants and various locations; a commodity/feed storage bldg. with a 22’ tall opening with a sloped steel roof, 6’ concrete walls around 3 sides of the base with steel above, 3 compartments with dividers, concrete floor and 24’x30’ feed apron w/guard rail & steel fence and a 10’x73’ concrete approach/apron in front of the commodity barn. This farmstead has approximately 12,000 bushels of grain bin storage, including 5,000 bu. dryer bin. This facility is currently permitted for 999 animal units.  This property is serviced by Lyon-Lincoln Rural Electric (single phase) and two wells – one which services the livestock areas that was updated with a 3HP pump and some new 2” line – this well services a 7’ tire tank w/float and 2 drinking holes, 4 auto. livestock fountains and 5 hydrants – this well which has serviced as many as 500 head of cattle, additionally a 2nd well with a submersible pump services the house.  According to FSA information this farm has approx. 101.56 acres of total cropland, although currently there is approx. 98.56 acres of effective cropland subsequent to the CRP reduction, of which 3 acres were planted to trees with the contract commencing in 2006 and are enrolled in CRP for 15 years which presently are paying $279.00 per year with the contract scheduled to expire on 9/30/2021; there also is a 1.5 acre 2009 tree belt south of the driveway (not in CRP) – the existing +/-101 acres of cropland is high tensile fenced and is all sowed to an alfalfa/grass mixture being utilized as part of a hay and rotational grazing program; the remainder comprised of approx. 59 acres of pasture and the bldg. site.

The buyer(s) of this farm are obligated and must purchase the remaining feed on hand which must be paid for in full simultaneously with the closing on the land, including – a +/-12’x250’ Tube = 500 Ton of Corn Silage at $30.00/Ton = $15,000.00; a +/-9’x200’ Tube = 200 Ton of Alfalfa Silage at $75.00/Ton = $15,000.00; and a +/-12’x50’ = 100 Ton of Ground Ear Corn at $50.00 /Ton = $5,000.00 – All of which is in Silage Bags; and a +/-40’x80’ Pile of Corn Silage x 5’ High = 200 Ton x $30.00/Ton = $6,000.00; a Combined Amount of $41,000.00, which the owner has agreed to round down to a Total Cost of $40,000.00.

LEGAL DESC.:  The SW ¼ of Sec. 36, T. 110N., R. 46W., (Drammen Twp.), Lincoln County, MN.

TERMS:  CASH – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before April 22, 2016; with full possession of the building site and land for the 2016 crop year.  The buyer(s) of this farm are obligated and must purchase the remaining feed on hand which must be paid for in full simultaneously with the closing on the land in the amount of $40,000.  Marketable Title will be conveyed and an abstract of title will be continued to date and provided to the buyer for examination.  The Seller will pay all of the RE Taxes & Assessments payable in 2016, with the buyer to be responsible for all of the RE taxes and assessments due & payable in 2017 and thereafter.  The seller does not warranty or guarantee that existing fences lie on the true & correct 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.  This property is sold based on the acres as stated on the county tax records, with the acres understood to be “more or less”.  This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. This property is sold in “AS IS” condition and the merchantability or suitability of this property for any particular purpose is not guaranteed; furthermore, any permits concerning the future use and compliance of the livestock feeding facilities as required by MN DENR and/or Lincoln County Conservation & Zoning in connection with a Concentrated Animal Feeding Operation (CAFO) will be the responsibility of the purchaser.  The seller may desire to utilize this property in conjunction with a 1031 Tax Free Exchange and the buyer will agree to cooperate in the facilitation of the exchange, although any expenses related to the exchange will be paid by the sellers.  Information contained herein is deemed to be correct, but is not guaranteed.  The RE licensees in this transaction stipulate that they are acting as agents for the seller.  Sold subject to confirmation of the Owner.

LEASE OPTION:  Lease Parcel #1 – +/- 306.8 Acres w/Livestock Facilities – Located Direct West of the Main Farmstead – LEGAL DESC.:  The SE¼, Exc. the North 1,150’ of the E. 500’ (146.80 Acres)  and the SW¼ (160 Acres) all in Sec. 35, T. 110N., R. 46W., Drammen Twp., Lincoln Co., MN

According to the owner there are approx. 200 acres considered by FSA to be cropland, although at present all of the cropland acres are sowed to alfalfa/grass and are utilized for a combination of haying and grazing; the remaining +/-106 acres is pastureland. This property has had the majority of the interior pasture fences was re-fenced in 2015 into 3 main pastures and 1 pivot pasture; If the tenant should elect to convert any of the FSA cropland acres to row crop use, the rent will stay the same, with the tenant to be responsible for installation of any new fence (fencing materials to be furnished by the landlord). Livestock water is provided by a combination of a large dugout and rural water, with the tenant to be responsible for the rural water annual fee and gallonage utilized – rural water is accessed from a service pit with water at the former bldg. site/feedyard and at a 7’ tire tank; additionally there is a 13’ tire tank located in the fenceline between the SE¼ and SW¼.  The owner will be responsible for the remainder of the rural water assessment at a cost of $549.18 per year which is scheduled to expire in 2021.  Improvements on this parcel consist primarily of some livestock facilities including a 16’x16’ monoslope cattle shelter, a corral, headgate, alleyway, livestock yards and  a wooden garage, also in the pasture south of the stock dam there is a corral, alley and headgate.  According to the owner the SW¼ is currently permitted for 350 animal units. Fencing consists of a combination of permanent barbed wire and newer high tensile fencing.  The lease terms will be $90.00 per acre on 306 acres, which is a reasonable blended rate of the cropland, hayland & pasture – a total of $27,540.00 per year, payable in full on April 22, 2016 and on April 1st of 2017 & 2018, with the lease to either expire or extended by mutual agreement prior to or on Oct. 1, 2018, subject to the rights of the tenant to harvest the 2018 standing row crops.

Lease Parcel #2 – 160 Acres of Choice High Percentage Tillable Land – LEGAL DESC.:  The SE¼ of Sec. 2, T. 109N., R. 46W., (Verdi Twp.), Lincoln County, MN. – Located from the Main Farmstead -1 mile south on 160th St.; the SE Corner of this farm is at the Jct. of Hwy. #14 & 160th St.

This farm has it All – Choice High Producing Cropland with a High Percentage Tillable, High Quality Soils, a Significant Amount of Existing Drain Tile, Excellent Eye Appeal, a Superb Location and More!  According to FSA information this farm has approx. 157.65 acres of cropland.  This is extremely productive parcel of farmland, of which there is approx. 120 acres that may be planted to row crops in 2015 – this portion has been Fall Tilled and the tillage to pass at “no cost” to the buyer; furthermore the new tenant will benefit from approx. 40 acres seeded to alfalfa that was planted in 2014.  According to info. obtained from Surety Agri-Data, Inc., this farm has an extremely high Soil Productivity Index of 94.7. This property has been rather extensively tiled by Johnson Tiling, as according to the tile maps there is over 14,000’ of drain tile installed in this farm.  The topography of this land is level to gently rolling.  This property has a superb location, bordered on the south by US Hwy#14.  No corn stalks or bean stubble to be removed and must stay with the land. Any wind rights easement payments will be retained by the owner.  The lease terms on this farm will be $215.00 per acre on 157 acres, which is a reasonable rate for cropland of this caliber – a total rounded amount of $31,750.00 per year, payable in full on April 22, 2016 and on April 1st of 2017 & 2018, with the lease to either expire or extended by mutual agreement prior to or on Oct. 1, 2018, subject to the rights of the tenant to harvest the 2018 standing row crops.

PERSONAL PROPERTY LIST WILL BE COMING SOON

EARL GRIMMIUS, OWNER
Ph. 605-370-8777 

Glen A. Petersen – Attorney & Closing Agent for the Sellers – Tyler, MN – ph. 507-247-5515

AUCTIONEERS & LAND BROKER
Chuck & Jared Sutton
Sioux Falls, SD – 605-336-6315 & Flandreau, SD – 605-997-3777
www.suttonauction.com

AUCTIONEERS & REALTORS
Burlage Peterson Realty & Auctioneers
Lenny Burlage, Jim Peterson, Scott Peterson, Tyler Burlage
317 4th St, Brookings, SD – 605-692-7102
www.burlagepeterson.com

LINCOLN COUNTY, MN
EARL GRIMMIUS – OWNER

Earlier Event: February 23
320 +/- ACRE LAND & BUILDING SITE AUCTION
Later Event: March 15
150 +/- ACRE LAND AUCTION