Steinhoff – 2 Choice Parcels of Rock & Nobles Co., MN Land Located Near Magnolia, MN – Situated in a Preeminent Agricultural Area of SW Minnesota

ESTATE LAND AUCTION 

2 Choice Parcels of Rock & Nobles County, MN Land Located Near Magnolia, MN – Situated in a Preeminent Agricultural Area of Southwest Minnesota

 We will offer both of the following parcels of farmland “On Site” at the location of FARM #1 – Located from Luverne, MN – 6 miles east on I-90 to the Magnolia, MN Exit #18 on I-90 – 2 miles south on Hwy. #3 (190^th Ave.) and 2 miles east on 91^st St. (Rock Co. Rd. #57) to the Southeast Corner of the Land at the Jct. of 91^st St. & Abbott Ave. which is on the Rock & Nobles County, MN line

 THURSDAY NOVEMBER 9, 2023                       SALE TIME: 10:00 AM 

 AUCTIONEERS NOTE:  This auction awards an opportunity to purchase Two (2) Parcels of High Caliber and Highly Productive Farms – with FARM #1 being a +/-160 Acre Parcel of Land located in Magnolia Twp. of Rock County, MN and FARM #2 being a +/-116.61 Acre Parcel of Land located in Westside Twp. of Nobles County, MN, that are situated in one of the “Garden Spots of Southwest Minnesota”.   This auction includes parcels of land with extremely high percentages tillable and superb soils.  This land is located an excellent agricultural area of Southwest MN, where land ownership is tightly held and choice parcels of land seldom become available on the open market, evidenced by the fact that these farms have been in the Steinhoff Family for many decades with Farm #1 being owned for nearly 60 years and Farm #2 being owned for over 40 years, thus this auction presents a once in a lifetime opportunity to purchase this land.  If you are in the market for choice cropland to utilize as an addition to a row crop farming operation or as an investment, you will want to inspect this property and make plans to be in attendance at this auction.  Chuck Sutton

 FARM #1 – +/-160 Acres of Magnolia Twp., Rock County MN Land

LEGAL DESC.: The SE¼ of Sec. 24, T. 102N., R. 44W, Magnolia Twp., Rock County, MN.

This choice +/-160 acre farm will be offered as a unit.  The farm consists of a parcel of land which is virtually 100% tillable, with the exception of road right of way.  According to FSA 156EZ on this property, this +/-160 acre farm has approx. 154.35 acres of cropland, with a 76.90 acre corn base with a 168 bu. PLC yield and a 75.47 acre soybean base with a 43 bu. PLC yield has been enrolled in the ARC County election of the current farm program. This farm has some superb soils indicated by information obtained from the Rock County Assessor which indicates this land has a CER of 98.05, comparatively information obtained from Surety Agri Data, Inc. indicates this land has productivity index of 95.1, with predominately Class I & II soils.  This farm has terrific eye appeal and a general topography that is level to very gently rolling.  The total Non-Homestead RE taxes payable in 2023 on this property were $5,230.00.

FARM #2 – +/-116.61 Acres of Westside Twp., Nobles County MN Land – To Be Offered at the Site of FARM #1

LEGAL DESC.:  The NW¼ lying south of the Railroad, Sec. 18, T. 102N., R. 43W, Westside Twp., Nobles County, MN. – This property is located from the Magnolia Exit #18 on I-90 – approx. ½ mile north on 190^th St., then 2 east on Co. Hwy. #4 (111^th St.) to Abbott Ave., then approx. 2/10ths mile south across the RR Tracks on Abbott Ave; the land is bordered on the North by the RR ROW, on the West by Abbott Ave. and on the South by a grassed road 244^th St. & I-90.

This choice +/-116.61 acre farm will be offered as a unit.  The land consists of a parcel of land which is nearly 100% tillable, with the exception of road right of way, as according to FSA 156EZ on this property, this +/-116.61 acre farm has approx. 113.98 acres of cropland, with a 56.80 acre corn base with a 168 bu. PLC yield and a 55.73 acre soybean base with a 43 bu. PLC yield has been enrolled in the ARC County election of the current farm program. This farm has some very good soils indicated by information obtained from the Nobles County Assessor which indicates this land has a CER of 69.12, comparatively information obtained from Surety Agri Data, Inc. indicates this land has productivity index of 91.6, with predominately Class I & II soils.  This farm has very good eye appeal and a general topography that is level to gently rolling.  The total Non-Homestead RE taxes payable in 2023 on this property were $5,434.00.

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before December 29, 2023, with full possession subject to the existing tenant to the harvest the 2023 crops and their rights under the existing farm lease.    Marketable Title will be conveyed and an abstract(s) of title continued to date will be provided to the buyer for examination prior to closing.   The acres sold are based on the acres as stated on the county tax records, with the acres understood to be “more or less”.   The closing agent’s fee (Rock County Abstract) to be divided 50-50 between the buyers and sellers.   Sellers will pay for the transfer documents and deed tax, buyers will pay for the recording of the deed and title examination. All of the RE taxes payable in 2023 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2024.  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 in “AS IS” Condition and 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. These properties have the potential to fulfill the needs of a variety of buyers including those looking for extremely high quality productive cropland to add to their row crop farming operation and/or their investment portfolio.  These are extremely desirable parcels of high caliber land that truly must be seen to be appreciated!  To  make arrangements for absentee bidding, contact the auctioneers. 

 HEIRS OF LEONARD & MARTHA ANN STEINHOFF, Owners 

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

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

DEAN STOLTENBERG – RE Salesperson & Auctioneer – MN Lic. #59-38 – Jasper, MN – ph. 507-829-6856