Toews – +/-51 Acres of Unimproved Altona Twp., Pipestone Co., MN Land

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LAND AUCTION

+/- 51 Acres of Altona Township, Pipestone County, MN Land – Situated in Northwest Pipestone County – Inclusive of a Mixture of Productive Cropland w/Drain Tile & Established CRP – This is a Parcel of Land Which Provides Combined Income & Hunting Opportunities

 As we are relocating our business, we have decided to offer our land at public auction with the auction to be held on-site at the land located from the New Horizons Elevator at the Jct. Of Hwy’s. #75 & #23 in Pipestone, MN – 10 miles north on Hwy. #75 to the KT Corner, 1 mile west on 211^th St. (Co. Hwy. #10) and approx. 1¼ miles north on 70^th Ave.; from Ward, SD – 7 miles east and 1¼ miles north on 70^th Ave.

 WEDNESDAY DECEMBER 13, 2017                 SALE TIME:  10:00 AM

 ATTENTION CROP-LIVESTOCK OPERATORS, HUNTERS & WILDLIFE ENTHUSIASTS! – This auction presents a great opportunity to purchase a well located parcel of land consisting of +/- 51 acres situated in a prominent crop-livestock and hunting area of northwestern Pipestone County, MN.  This parcel of land is inclusive of a mixture of productive cropland and CRP acres and is situated in an area surrounded by parcels of land that are operated with hunting and wildlife production in mind.  Based on a preliminary measurement this property is estimated to contain approximately 51 total acres, of which FSA information indicates that this parcel of land has a total of approx. 47.97 acres of cropland, of which approx. 32.69 acres are under cultivation & 15.28 acres are enrolled in CRP; with a 9.77 acre corn base with a 106 bu. PLC yield and a 2.43 acre soybean base with a 37 bu. PLC yield, with the crop acres enrolled under the ARC County election of the farm program.  The acres which have been under cultivation has a topography that is gently rolling to rolling and in 2016 there was approx. 2,760’ of drain tile installed which has further enhanced the productivity and farmability of the cropped acres, evidenced by the 2017 corn crop on this land which yielded approx. 190 bushels per acre according to the owner.  The portion of this land in CRP is enrolled at a rate of $116.61 per acre generating a total annual payment of $1,784.00 with the contract scheduled to expire on Sept. 30, 2023.  Information obtained from Surety Agri-Data, Inc. indicates that this parcel of land has a weighted productivity index of 78.8.  The total actual number of acres being sold will be in accordance with surveyed acres, with the survey costs to be paid by the sellers.  If you are in the market for a smaller parcel of land with both income and hunting amenities, then get your financing in order and make plans to inspect this property and be in attendance at this auction.

ABBREVIATED LEGAL DESC.: +/- 51 acres in the E ½ of the SE ¼, excluding +/- 14.7 acres of Bldg. Site & Pasture in the SE Portion of the Farm, Sec. 11, T. 108N., R. 46W., (Altona Twp.), Pipestone Co., MN.

 TERMS:  Cash – A 10% nonrefundable downpayment sale day & balance on or before February 1, 2018 with full possession for the 2018 crop year. The seller to retain the CRP payments payable in 2017 with the buyer to receive 100% of the 2018 CRP payment with no proration, payable on Sept. 30, 2018 and each year thereafter until the expiration of the CRP contract, furthermore, the buyer(s) will be obligated to comply with all of the remaining terms and provisions of the existing CRP contract; any penalty for noncompliance with the existing CRP contract or buyout of the existing CRP contract will be the responsibility of the new owner(s).   A Warranty Deed will be conveyed and an abstract of title will be continued to date and will be provided to the buyer for examination prior to closing.  All of the RE taxes payable in 2017 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2018.  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 buyer 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 estimated acres, with the actual sales price to adjusted based on surveyed acres and subsequent to completion of the survey.  This property is sold in “AS IS” Condition and is 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 Owners.  For additional information contact the auctioneers.

 STEVEN & SONYA TOEWS, Owners

Ph. 507-820-0032 or 507-825-7984

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

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

& JARED SUTTON – Auctioneer – Lic. #59-72- Flandreau, SD – ph. 605-864-8527[/vc_column_text][/vc_column][/vc_row]