Feyereisen – +/-400 Acres of Pipestone Co., MN Land
September 9, 2021 @ 10:00 am
ESTATE LAND AUCTION
+/- 400 Acres of Pipestone County Minnesota Land Located Near Woodstock, MN – Including FARM #1 – +/- 320 Acres of Productive High Percentage Tillable Land with an Existing Acreage Site/Farmstead Situated in Burke Twp. in Pipestone County and FARM #2 – +/- 80 Acres with a Combination of Cropland and Prospects for Excavation of Gravel & Other Aggregates Situated in Rock Twp. in Pipestone County, MN
We will offer the following Land at public auction “On Site” – with FARMS #1 & #2 to both be offered simultaneously at the Sale Site at the location Farm #1 located at 1615 111th St. Woodstock, MN; located from Woodstock, MN – 1 mile west to the NE corner of the land at the Jct. of 170th Ave. and 111th St.; or from Pipestone, MN (McDonald’s Corner) – 8 miles east on Hwy. #30 and ¼ mile north on 160th Ave. to the SW corner of the land.
THURSDAY SEPTEMBER 9, 2021 SALE TIME: 10:00 AM
FARM #1 – +/- 320 Acres in Burke Twp., Pipestone Co., MN Land – To be Offered as 4 Individual Tracts, Combinations of Tracts or as a 320 Acre Unit
FARM #2 – +/-80 Acres of Rock Twp., Pipestone Co., MN Land w/Crop & Gravel Excavation Opportunities – To Be Offered as an Individual Parcel
To inspect the residence, contact Jim Feyereisen – 507-227-2468 or the Auctioneers.
AUCTIONEER’S NOTE: The heirs of Delbert and Delores Feyereisen have made the decision to offer this Pipestone County, MN land at public auction. This auction presents the opportunity to purchase parcels of land that have been in the Feyereisen Family for many decades, with Farm #1 being inclusive of some Choice Productive High Percentage Tillable Cropland, with added income from an existing wind tower and wind rights on this farm; Farm #2 has a mixture of crop production and potential income from mining of gravel and other aggregates, while also having some prospects for hunting and recreational habitat. These are two diversely different properties that have amenities to suit the needs of a variety of buyers, thus if you are in the market for Pipestone County, MN land with a variety of desirable amenities to add to a row crop farming operation, land with gravel prospects or as an investment, then make plans to inspect these properties and be in attendance at this auction!
FARM #1 – 320 Acres in Burke Twp., Pipestone County, MN – LEGAL DESC.: The NW¼, the N½ SW¼ and the N½ NE¼, all in Sec. 9, T. 106N., R. 44W., (Burke Twp.), Pipestone County, MN
Farm #1 will be offered as Tr. #1- N½ NW¼ – +/-80 Acres Improved; Tr. #2 – S ½ NW ¼ – 80 Acres Unimproved; Tr. #3 – N½ SW – 80 Acres Unimproved with an Existing Wind Tower; Tr. #4 – N½ NE¼ – 80 Acres Unimproved or as Tracts #1 & #2 Combined – 160 Acres Improved; Tracts 2 & 3 Combined – 160 Acres Unimproved w/Wind Tower; Tracts 1 & 4 Combined – 160 Acres w/Farmstead; Tracts #1, #2 & #3 Combined – 240 Acres w/Farmstead & Wind Tower or Tracts #1, #2, #3 & #4 Combined the 320 Acre Unit.
The improvements on FARM #1 which are Located within Tract #1A include – a 1½ story 3 bedroom home with the main level comprised of a south entry to a kitchen-dining area, a living room w/west entryway, a bedroom w/closet and a full bath; the 2nd story has 2 bedrooms with a common closet and has some built-in storage and dormer storage area; the home has a basement with a poured concrete foundation and includes a laundry area, Lennox LP gas furnace, 100 amp breaker electrical service and storage area. Other improvements include a 2 stall unattached garage, a wooden hog house/stg. bldg., a wooden granary utilized for equipment storage and a +/-10,000 bu. steel grain bin. The property is serviced by a private well and by a septic system which is assumed to be non-compliant to Pipestone County, MN standards. This +/- 320 acre parcel of land will be offered as 4 individual tracts, combinations of tracts or as a 320 acre unit. This farm has very good eye appeal and has a level to gently rolling topography with high quality productive soils. According to FSA information this +/-320 acre farm has approx. 297.52 total acres of cropland, with the non-tillable acres comprised of the building site, wind tower site, small waterway and roads that are adjacent to 3 sides of the property; the FSA cropland, bases and yields are broken out as follows – FSA Tr. 5192 – the N½ NW¼ has approx. 72.75 acres of Cropland (excluding the non-tillable acres comprised of 4.35 acres in the acreage site, a waterway & roads) with an FSA 36.1 acre corn base with a 138 bu. PLC yield and a 36.3 acre soybean base with a 36 bu. PLC yield; FSA Tr. 13938 – the S½ NW¼ and the N½ SW1/4 has approx. 156.48 acres of cropland (excluding the non-tillable acres comprised of 1.20 acres in the wind tower site and road) with an FSA 74.05 acre corn base with a 157 bu. PLC yield and a 73.13 acre soybean base with a 42 bu. PLC yield; and FSA Tr. 240 – the N½ NE¼ has approx. 76.01 acres (excluding the non-tillable acres comprised of a .64 acre waterway and roads) with an FSA 37.8 acre corn base with a 138 bu. PLC yield and a 38.2 acre soybean base with a 36 bu. PLC yield; with all of property currently enrolled under the ARC County election of the USDA farm program for both corn and soybeans. This land has some excellent soils as according to the Pipestone County Assessor the NE¼ has a CER of 67.84, the N½ SE¼ has a CER of 65.8 and the N½ NE¼ has a CER of 66.8, furthermore information obtained from Surety Agri-Data indicates this land as a 320 acre unit has an extremely high weighted soil rating of 86.9, with the predominate soils comprised of primarily Class I & II soils. There is an existing wind turbine and wind easement in place on this property with EDF Renewable Energy as part of the Stoneray Wind Project, which has wind rights and 1 wind turbine in place on Tract #3 of Farm #1 – which will be assigned to the buyer(s) of these parcels, the payment on the property in its entirety including the combination of the wind turbine payment and wind rights payment a 2021 generated a total annual payment of approx. $12,725.00, with quarterly operating payments that have been scheduled to be paid, in arrears, 60 days after the end of each Calendar Quarter, unless such date falls on a weekend or holiday, in which case it shall be due the next business day. A portion of the payment is subject to a small escalation amount – the manner in which this contract is drafted prorates the payment equally between the 320 acres included in this agreement and currently the payments are directed to be paid quarterly. Subsequent to closing the new purchaser will be obligated to execute necessary transfer documents for assignment of the seller’s rights to the respective purchasers in order to receive subsequent payments in 2022 and thereafter for the remaining term of the contract which appears to be scheduled to run to 2050. The RE taxes payable in 2021 on this land were – NW¼ – $5,154.00; N½ SW¼ – $2,594.00; & N½ NE¼ – $1,888.00.
FARM #2 – +/-80 Acres – Located from the Northwest Corner of Farm #1 – 1 mile west on 111th St. and 1 mile north on 150th Ave. to the SE Corner of the Land at the Jct. of 121st St. and 150th Ave.; from Woodstock, MN – 3 miles west on 111th St. and 1 mile north on 150th Ave.; from Pipestone, MN – (McDonald’s Corner) – 7 miles east on Hwy. #30 and 2 miles north on 150th Ave.; or from Holland , MN (Hwy. #30 & 140th Ave.) 3 ½ miles south on 140th Ave. (Co. Hwy #16), 1 mile east on 131st St. and ½ mile south on 150th Ave. ABBREVIATED LEGAL DESC.: The E½ SE¼, less exceptions, all in Sec. 31, T. 107N., R. 44W., (Rock Twp.), Pipestone County, MN.
Farm #2 is a multifaceted parcel of land which may have potential for excavation of gravel and other aggregates, while also presenting some crop production acres and some hunting and recreational habitat that is accentuated by the location of this property lying adjacent to the Pheasant Terrace State Wildlife Management Area 1land owned by the State of Minnesota. According to FSA information this land has been broken into two Farms/Tracts which combined has a total of 55.82 acres classified as cropland – which recently has been certified by FSA to only have approx. 28.64 total acres under cultivation; with the southern portion is Tract 5806 of Farm 6701 which is indicated to have 48.58 acres of Farmland with 27.18 acres of cropland with an FSA 12.77 acre corn base with a 134 bu. PLC yield and a 12.61 acre soybean base with a 35 bu. PLC yield; the northern portion is Tract 5807 of Farm 6702 and has approx. 28.64 acres of cropland with a 13.45 acre corn base with a 134 bu. PLC yield and a 13.29 acre soybean base with a 35 bu. PLC yield. The nontillable portion of this property consists of acres previously excavated for gravel and other materials and some acres that provide some hunting and recreational opportunities. The RE taxes payable in 2021 on this land were – $1,176.00.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before October 30, 2021, with landlord’s possession, with full possession and Fall tillage privileges subsequent to the harvest of the 2021 standing crops and the rights of the existing tenants subject to the terms of their existing farm lease. Marketable Title will be conveyed and abstracts of title continued to date will be provided to the buyer for examination prior to closing. Tract #3 of Farm #1 has a previously executed wind turbine & wind rights agreement/easement, to which the buyer will be obligated to assume and comply with all remaining terms and provisions, the sellers retaining the payment made in 2021 along with any previous payments and the buyer(s) to receive the payments in 2022 and in the future in accordance with the term of the agreement. All of the RE taxes payable in 2021 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2022. The sellers do not warranty or guarantee that existing fences lie on the true 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 is estimated and subject to FSA County Committee approval. IF FARM #1 is sold as a 320 Acre Unit and for FARM #2 – the acres sold will be based on the acres as stated on the County Tax Records; although if FARM #1 is sold in multiple parcels a survey will be completed and the acres will be adjusted in accordance with the surveyed acres; which in either case the acres are understood to be “more or less”. All of the properties sold on this auction are sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. The improvements on this property are in “fair condition” and are sold in “AS IS” Condition, with any future upgrades of the septic system or any other upgrades to be the responsibility of the buyer of the farmstead. 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 heirs/owners. Each of these farms have potential to provide exceptional cash flows and would make excellent additions to area row crop or crop/livestock operations and/or as investment properties, as the parcels in Farm #1 have high percentages tillable and furthermore portions have some added income potential generated from the wind turbine and wind energy easement; while Farm #2 has a mixture of crop production, excavation of gravel and aggregates and some hunting and recreational opportunities. For additional information contact the auctioneers. To inspect the residence, contact Jim Feyereisen – 507-227-2468 or the Auctioneers.
HEIRS OF DELBERT & DELORES FEYEREISEN
Scott Barduson – O’Neill & Barduson Law Firm – Attorney & Closing Agent for the Sellers – Pipestone, MN
CHUCK SUTTON – Auctioneer & Land Broker – Pipestone Realty LLC- MN Auct. Lic. #59-26 -Sioux Falls, SD – ph. 605-336-6315 & Pipestone, MN – ph. 507-825-3389
DEAN STOLTENBERG – RE Salesperson & Auctioneer – Auct. Lic. #59-38 – Jasper, MN – ph. 507-348-7352
JARED SUTTON – RE Salesperson & Auctioneer – Auct. Lic. #59-72 – Flandreau, SD – ph. 605-864-8527