Lorenzen – +/374.47 Acres of Unimproved Pipestone Co., MN Land

ESTATE LAND AUCTION

+/-374.47 Acres in 3 High Producing Pipestone County Minnesota Farms – Including FARM #1 – +/- 140.94 Acres and FARM #2 – +/-78.2 Acres Situated Across the Road from One Another in Elmer Twp. and FARM #3 – +/- 155.33 Acres in Eden Twp.  

We will offer the following Land at public auction “On Site” – with FARMS #1 & #2 to both be offered simultaneously at Farm #1 and FARM #3 will be offered at a second auction at FARM #3 at the following designated sale times and locations . . .

TUESDAY DECEMBER 8, 2020

FARMS #1 & #2 – +/- 219.14 Acres of Elmer Twp., Pipestone Co., MN Land –  Sale Time: 10:00 AM; FARM #3 – +/-155.33 Acres of Eden Twp., Pipestone Co., MN Land –  2:00 PM 

AUCTIONEER’S NOTE: In order to dissolve the multi-fractioned ownership in the land owned by the Elmer & Delores Lorenzen Family Trust, the beneficiaries have made the decision to offer the following parcels of land at public auction.  This auction presents the opportunity to purchase 3 parcels of Pipestone County Minnesota land that are Inclusive of some Productive High-Quality Cropland Acres.  If you are in the market for a parcel or parcels of productive Pipestone County MN Land to add to a row crop farming operation, crop-livestock operation or as an investment, then make plans to inspect these properties and be in attendance at this auction! 

FARM #1 & #2: SALE TIME 10:00 AM – Both of these farms will be offered “On Site” at FARM #1 – which is located from Trosky, MN – approx. 1/8^th mile west to Hwy. #75, then approx. 2 miles north on Hwy. #75 to Co. Hwy. #2 (51^st St.), then 2 miles east on 51^st St. and ½ mile north on 120^th Ave. which is at the south end of Farm #1 on the west side of the road and Farm #2 on the east side of the road; from Pipestone, MN (Jct. of Hwy’s. #30 & #75) – approx. 4 miles south on Hwy. #75 and approx. 2 1/8 mile east on 61^st St. to the NE Corner of FARM #1 at the Jct. of 120^th Ave. & 61^st St.; from Hatfield, MN (Jct. of 130^th Ave. & 71^st St. – 1 mile west on 71^st St. and 1 mile south on 120^th Ave.; or from Ihlen, MN – 5 miles east on 41^st St., 2 miles north on Hwy. #75 and approx. 2 1/8 miles east to the NE corner of the land.  

FARM #1 – +/- 140.94 Acres – LEGAL DESC.:  The NE ¼ of Sec. 3, T. 105N., R. 45W., less a +/-20 acre tract- commencing 1,304’ south of the NE corner, then W. 733’, NW’ly 301’, W. 218’, S. 174’, E. 135’, S. 795’, E., 612’, N. 76’, E. 451’ and N. 716’ for Pt. of Beginning, (Elmer Twp.), Pipestone Co., MN. 

FARM #1 consists of +/-140.94 acres of High Percentage Tillable Productive Elmer Township, Pipestone County, MN Land – This attractive +/-140.94 acre parcel of land will be offered as a unit.  There are some improvements included with this farm that are located south of the driveway including a metal machine shed (approx. 48’x100’), a +/-5,000 bu. dryer bin w/24’ diameter with a full drying floor and stirator and a +/-4,000 bu. bin w/18’ diameter. This farm has excellent eye appeal and has a level to gently rolling topography and high quality soils.  According to FSA information this farm has approx. 133.64 acres of cropland with a 73.52 acre corn base with a 152 bu. PLC yield and a 60.26 acre soybean base with a 44 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program. The non-tillable acres consist of a couple of small grassland/drainage areas and roads.  This land has some excellent soils in  accordance with the Pipestone County Assessor.  This farm has a CER of 71.06 and information obtained from Surety Agri-Data indicates this land has an extremely high weighted soil rating of 93.3, with the predominate soils comprised of Class I & II soils.  The productivity and farmability of this land has been enhanced by the installation of a substantial amount of drain tile.  According to the current operator this farm has over 21,000’ of drain tile installed throughout sectors of the farm – including approx. 8,040’ installed in 2002, 11,500’ in 2003 installed by D.K.M. Construction with bills available showing the costs & footages (no maps available) and approx.1,760’ installed in 2005 by Johnson Ditching with a map available.  The RE taxes payable in 2020 on this land were $5,342.00.

FARM #2 – +/-78.2 Acres – Located just east of Farm #1 – From the NE Corner of Farm #1 (Jct. of 61^st St. & 120^th Ave. – ¼ mile south on the east side of 120^th Ave. LEGAL DESC.:  The NW ¼, Exc. the N. 82 Rods, in Sec. 2, T. 105N., R. 45W., (Elmer Twp.), Pipestone County, MN.

FARM #2 consists of +/-78.2 acre parcel of Elmer Township, Pipestone County, MN Land with a relatively high percentage tillable, with the nontillable acres comprised primarily of waterway and roads. This +/-78.2 acre parcel of land will be offered as an individual unit.  This farm has good eye appeal and has a gently rolling to rolling topography and high quality soils.  According to FSA information this farm has approx. 71.25 acres of total cropland.  Through 2020 this farm had approx. 62.25 acres of effective cropland since approx. 9.01 acres of cropland were enrolled in the CRP program.  This CRP program contract has not expired.  Previously this farm had a 34.14 acre corn base with a 152 bu. PLC yield and a  28.05 acre soybean base with a 44 bu. PLC yield.  This farm is enrolled under the ARC County Election of the USDA farm program, thus the cropland and base acres may be subject to a slight adjustment subsequent to the expiration of the CRP contract. The non-tillable acres consist of a couple of small grassed waterways/drainage areas and roads.  This land has some quality soils.  According to the Pipestone County Assessor this farm has a CER of 66.83 and information obtained from Surety Agri-Data indicates this land has a high weighted soil rating of 83.5.  According to the tenant, the productivity and farmability of this land has been enhanced by the installation of a small amount of strategically located drain tile in various locations on the farm including over 3,000’ of unmapped older tile that runs from east to west near the waterway and in the NW sector of the farm plus an additional +/-2,190’ of tile installed by Johnson Dtiching in 2005 with a map available on that portion.  The RE taxes payable in 2020 on this land were $2,406.00.

FARM #3:  2:00 PM – +/-155.33 Acres of Productive Eden Township, Pipestone County, MN Land –  Located from the Jct. of Hwy. #23 & Co. Hwy. #2 (41^st Street) in Ihlen, MN – approx. 1 ¼ miles east on 41^st ST. (Co. Hwy. #2) and approx. 1 ¼ miles north on 60^th Ave. (Note the +/-11.24 acreage in the SW Corner of the Quarter is excluded); from Pipestone, MN – 4 miles southwest on Hwy. #23, approx. ¼ mile east on 61^st St. and ½ mile south on 60^th Ave. to the NW Corner of the land.  LEGAL DESC.: The S½ SW¼ and the S ½ N ½ SW ¼, less an 11.24 acre acreage in the SW¼ SW¼ of Sec. 2, T. 105N, R. 46W. – Containing +/-108.76 acres; and the N ½ N ½ of the SW ¼ of Sec. 2, T. 105N, R. 46W. – Containing +/-40 acres; all in Eden Twp., Pipestone County, MN.

FARM #3 consists of +/-155.33 acres of Eden Township, Pipestone County, MN Land.  This +/-155.33 acre parcel of land will be offered as an individual unit.  This farm has good eye appeal and has a level to gently rolling topography and productive soils.  According to FSA information this farm has approx. 118.48 acres of cropland with a 64.99 acre corn base with a 152 bu. PLC yield and a 53.42 acre soybean base with a 44 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program.  The non-tillable portions of this farm consist of a large +/-34.28 acre grassed waterway – much of which is hayed, with the exception of some lowland pockets, drainage & roads.  This land has some quality soils.  According to the Pipestone County Assessor the 108.76 acre parcel has a CER of 74.06 and on the 40 acre parcel has a CER of 78.3; also information obtained from Surety Agri-Data indicates this land has a high weighted soil rating of 75.8. This property has a superb location near the Cargill Grain Terminal and other area grain markets.  This farm would make an excellent addition to an area row crop and/or crop/livestock operation.  The farmability of this land has been enhanced by the installation of drain tile by Evans Farm Drainage, including approx. 2,088’ in 2005 and approx. 3,860’ in 2011 with maps available.  The RE taxes payable in 2020 on this land were $3,148.00 on the +/-108.76 acre parcel and $1,782.00 on the 40 acre parcel. 

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before January 29, 2021, with possession.   Marketable Title will be conveyed and abstracts of title continued to date will be provided to the buyer for examination prior to closing.   All of the RE taxes payable in 2020 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2021.  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.  This property is sold based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. All Drain Tile information is based on representations deemed to be reliable, but are estimated and not guaranteed, as maps from the installers are not available on various parcels and some maps are approximate hand drawn representations from the previous tenant. The properties are 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 Trustee. For additional information contact the auctioneers.

ELMER & DELORES LORENZEN FAMILY TRUST

– Peoples Bank Trustee – Brad Van Heuvelen – Sioux Center, Iowa – ph. 712-722-0100

– Scott L. Barduson – O’Neill, O’Neill & Barduson Law Firm- Attorney & Closing Agent for the Sellers – Pipestone, MN

CHUCK SUTTON – Auctioneer & Land Broker – Lic. #59-26 – Sioux Falls, SD – ph. 605-336-6315, Pipestone, MN – ph. 507-825-3389 & Flandreau, SD – ph. 605-997-3777

DEAN STOLTENBERG – RE Salesperson & Auctioneer – Lic. #59-38 – Jasper, MN – ph. 507-348-7352

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