Nichols – 127.04+/- Acres, Verdi Twp, Lincoln Co., MN

LAND AUCTION

127.04+/- Acres, Verdi Twp, Lincoln Co., MN

We will offer the following land at public auction located from Elkton, SD 1 mile south on 486^th Ave, then 1 ½ miles east on 218^th St. From Verdi, MN 4 ½ miles west on 110^th St, then ½ mile north on 110^th Ave. on

Tuesday, September 12^th, 2023 Sale Time 10:00AM

Live Auction on-site with online bidding available

Auctioneers’ Notes: Here is an opportunity for you to purchase some high quality Lincoln Co., MN land that has Brookings Clay and Kranzbury – Brookings Clay Loam soil. According to Surety AgriData, the farm has a high productive index of 93.9.

This 127.04 farm lays level with excellent eye appeal. The farm presently has 121.56 acres in CRP that pays $284.90 per acre for a total of $34,632 each year. CRP started 11/1/2017 and ends 9/30/2028. New buyer to assume present CRP contracts and if taken out of CRP would be new buyer’s expense. CRP payments for 2024 will go to the buyers upon AGI Compliance. New buyer has potential for additional income for high walk-in access payment if enrolled of $18 per acre and must apply. This farm has the capability to bring in high cash rent for an investor and excellent soil for a corn and soybean farmer. This farm may have irrigation potential. Come prepared to buy.

Legal Description: 127.04 +/- Acres in all that part of E ½ of NE ¼ Sec. 25, T-109-N, R-47-W, Verdi Twp., Lincoln Co., MN

For additional information contact the Auctioneers.

TERMS:  10% non-refundable earnest money deposit due day of sale with balance due on or before October 25^th, 2023. Title Insurance and closing fee split 50/50 between buyer and seller. Seller’s pay real estate taxes payable in 2023. Buyer pay real estate taxes payable in 2024. This property sold subject to CRP contracts which new buyer assumes and any easement, contracts or restrictions of record. Land sold subject to owner’s confirmation. All announcements made day of sale take precedence over previous written material. Buyer is encouraged to conduct their own due diligence. Auctioneers represents the sellers in this transaction.

Steve, Robert and Kelly Nichols – OWNERS

Glen A. Petersen, Tyler, MN, Attorney & Closing Agent

LAND BROKERAGE & AUCTIONEER FIRM

Burlage Peterson Auctioneers & Realtors, LLC

Brookings, SD 605-692-7102

www.burlagepeterson.com

Sutton Auctioneers & Land Brokers 

Sioux Falls & Flandreau, SD

605-336-6315 or 605-864-8527

www.suttonauction.com