Binning – 151.23 Acres of Unimproved Gray Twp., Pipestone Co., MN Land

LAND AUCTION 

+/-151.23 Acres of High Producing Gray Township Pipestone County Minnesota Land  

We will offer both of these farms “On Site” at the land – Located from Pipestone, MN (Jct. Hwy. #75 & #30) – approx. 4¼ miles south on US Hwy. #75 and approx. ¾ mile west on 61^st Street to the SW Corner of the Land at the Jct. of 61^st St. & 90^th Ave; from the Cargill Elevator South of Pipestone on Hwy. #23 – approx. ½ mile north on Hwy. #23 to 81^st Street, then approx. 1¼ miles east on 81^st St. to 80^th Ave./Co. Hwy. 58, 2 miles south and 1 mile east on 61^st St.; or from Pipestone, MN (McDonald’s Corner) – 4 miles south on 8^th Ave. SE or 80^th Ave./Co. Hwy. 58 and 1 mile east on 61^st St.

TUESDAY DECEMBER 13, 2022            SALE TIME – 10:00 AM 

AUCTIONEER’S NOTE:  This auction presents the opportunity to purchase this Century Farm which has been in the Binning Family for over 110 years with ownership dating back to 1909.  This is a farm which exhibits superb cropland with excellent soils, with the nontillable acres currently comprised of a pasture located on the south end of the farm, some grassed waterways and roads.  This land is located in a prominent agricultural area of Pipestone County, MN and is conveniently located within eyeshot of the Cargill Grain Terminal, as well as other area grain markets and has very good highway access to two nearby major highways, being between both Hwy. #75 & Hwy. #23, and also lying within 1 mile of a County Oil Highway – all of which provide ease of access from farm to market and for transporting of farm equipment.  This is high quality land located in the Garden Spot of Southwestern Minnesota.  If you are in the market for a parcel of productive Pipestone County MN Land to add to an area row crop farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction! 

This +/-151.23 Acre Farm will be Offered as a Unit.  This farm features Choice High Quality Productive Cropland with Superb Soils.  According to FSA information this farm is stated to contain has approx. 121.70 acres of cropland with a 67.50 acre corn base with a 136 bu. PLC yield and a 52,20  acre soybean base with a 36 bu. PLC yield and is presently enrolled under the ARC County Election of the USDA farm program for Corn & Soybeans.  This land has some excellent soils as according to the Pipestone County Assessor this farm has a CER of 76.10 and information obtained from Surety Agri-Data indicates this land has a very high weighted soil rating of 94.6, with the predominate soils comprised of primarily Class I & II soils.  The non-tillable acres presently are comprised of a +/-23 acre pasture located in the southern portion of the farm which exhibits some quality soils, plus some grassed waterways and roads.  The current cropland acres have very good eye appeal and has a level to gently rolling topography, while the pasture has some lower lying waterways, drainage and a dugout.  The total Non-Homestead RE Taxes payable in 2022 on this farm were $4,426.00. 

ABBREVIATED LEGAL DESC.:  The SW¼ of Sec. 32, T. 106N., R. 45W., (Gray Twp.), Pipestone County, MN, exc. the S .726.5  of the East 526’ of the SE¼ SW¼ (acreage site) – with this containing 151.23 Acres M/L in accordance with County Assessors Records.

 TERMS: Cash – A 10% nonrefundable earnest money payment on sale day and the balance on or before February 1, 2023, with full possession for the 2023 crop year.  Marketable Title will be conveyed and abstracts of title continued to date will be provided to the buyer for examination prior to closing.   The closing agent’s fees (O’Neill & Barduson Law) to be paid by the seller.  All of the RE taxes payable in 2022 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2023.  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 are estimated and subject to County Committee approval.  The acres in this property are based on the acres as stated on the County Assessor’s 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 Pipestone 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.  This land has potential to provide exceptional cash flows and would make excellent addition to an area row crop or crop/livestock operation and/or investment property. To make arrangements for absentee bidding or contact the auctioneers or Sutton Auction @ 605-336-6315

 ROGER & NANCY BINNING, Owners

Damain Sandy – O’Neill & Barduson  Law Firm – Attorney & Closing Agent for the Estate – Pipestone, MN – ph. 507-825-4266 

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 – Lic. #59-38 – Jasper, MN – ph. 507-348-7352

JARED SUTTON, CAI – RE Salesperson & Auctioneer – Lic. #59-72 – Flandreau, SD – ph. 605-864-8527