2 Productive Eden Township Pipestone County Minnesota Farms – Located East of Ihlen, MN & South of Pipestone, MN with a Mixture of Cropland, Hayland and Pasture -To be offered as FARM #1 – +/-79.24 Acres & FARM #2 – +/-73.72 Acres
We will offer the following real property at auction ”On Site” at FARM #1 – Located from Ihlen, MN (Jct. Hwy. #23 & Hwy. #2 (41st St.) – 2 miles east on Co. Hwy. #2 (41st St.); or from Pipestone, MN – McDonald’s Corner (Jct. of Hwy. #30 & #75) – 6 miles south on Hwy. #56 (80th Ave.) and ½ mile west on 41st St.;
THURSDAY JANUARY 30, 2020 SALE TIME: 10:00 AM
This auction presents a great opportunity to purchase two very well located parcels of land situated in an excellent agricultural area of Pipestone County, MN that have been in the Frick Family for several decades, with ownership in the land in Sec. 12 dating back to the early 1900’s and the land in Sec. 13 dating back to the mid 1950’s. These Properties will be offered as FARM #1 – +/-79.24 Acres & FARM #2 – +/-73.72 Acres.
FARM #1 – +/-79.24 Acres – Legal Desc.: The N ½ NW ¼ of Sec.13, T. 105N., R. 46W., (Eden Twp.), Pipestone Co., MN
FARM #1 is very located, just 2 miles east of Ihlen, MN and is bordered by oil highways on the west and north sides of the property, with the NW corner of the land at the Jct. of 70th Ave. & 41st St. According to FSA information this +/-80 acre farm is estimated to contain approximately 57.47 acres of cropland with a 30.3 acre corn base with a 148 bu. PLC yield and a 27.1 acre soybean base with a 42 bu. PLC yield. The non-tillable portions consist of a grassy knoll, hayland & grassed waterways, areas w/trees and a dugout and roads. According to the Pipestone Co. Assessor this parcel has a CER of 68.27, comparatively information obtained from Surety Agri Data, Inc. indicates that this farm has a weighted average productivity index of 86.3. According to the current tenant this farm has approximately 5,700’ of drain tile installed throughout cropland portions of this farm. The general topography of this land is gently rolling to somewhat hilly. The total non-homestead RE taxes payable in 2019 were $2,166.00.
FARM #2 – +/-73.72 Acres – FARM #2 is located just ½ mile north of the NW Corner of Farm #1 (Jct. of 41st St. & 70th Ave.). Legal Desc.: The S ½ NW ¼, excepting therefrom a +/-6.11 Acre Acreage Site, Sec.12, T. 105N., R. 46W., (Eden Twp.), Pipestone Co., MN – Located from FARM #1 – ½ mile north on 70th Ave.; or from Ihlen MN – 2 miles east on Co. Hwy. #2 (41st St.) and ½ mile north on 70th Ave.
According to FSA information this +/-73.88 acre farm is estimated to contain approximately 56.21 acres of cropland with a 26.0 acre corn base with a 148 bu. PLC yield and a 28.6 acre soybean base with a 42 bu. PLC yield. The non-tillable acres portions consist of approx. 15.9 acres of pastureland, a small waterway and road. According to the Pipestone Co. Assessor this parcel has a CER of 73.42, comparatively information obtained from Surety Agri Data, Inc. indicates that this farm has a weighted average productivity index of 92.9. According to the current tenant this farm has approximately 8,000’ of drain tile installed throughout cropland portions of this farm. The general topography of this land is level to nearly level. The total non-homestead RE taxes payable in 2019 were $3,014.00.
TERMS: Cash – A 10% nonrefundable downpayment on the day of the sale with the balance due and payable on or before March 19, 2020, with full possession for the 2020 crop year. Marketable Title will be conveyed and at the option of the sellers either an abstract of title continued to date or owner’s title insurance will be provided to the buyer for examination prior to closing, if title insurance is utilized the cost of the owner’s policy will be divided 50-50 between the buyer and seller. The RE taxes payable in 2019 will be paid by the owners; with the purchaser(s) to be responsible all of the RE taxes payable in 2020. The sellers do 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 yields, bases, payments & other FSA information is estimated and not guaranteed and are subject to County Committee Approval. The sellers stipulate that to their knowledge there are no wells on these properties. 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. Information contained herein is deemed to be correct, but is not guaranteed. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners.
If you are in the market for a productive parcel or parcels of land located in an excellent farming area of southern Pipestone County, MN, that has potential to serve as an excellent addition to an area row crop or crop/livestock farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction or contact the auctioneers for absentee off-site bidding.
MICHAEL FRICK and JON FRICK, Owners
Scott Barduson – Attorney & Closing Agent for the Sellers – O’Neill, O’Neill & Barduson Law Firm – Pipestone MN
Chuck Sutton – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
Dean Stoltenberg – Auctioneer & RE Salesperson – Jasper, MN – ph. 507-829-6856
Jared Sutton – Auctioneer & RE Salesperson – Flandreau SD – 605-864-8527