Farmland Auction in Southern Minnesota and Northern Iowa

LIVE & ONLINE 228.84 Acre Farmland Auction

Owner: Beatrice Hoffman Family

Sale Date: Wednesday, December 2, 2020 10:00 AM

Sale Location: Wilmont Minnesota VFW Hall 402 4th Avenue Wilmont, MN

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Description–Very good 228.84 acres of southern Minnesota farmland. The property will be offered in 3 tracts and in combination via our board bidding system.

Location–2 miles north & 1/4 mile east of the Calvary Cemetery just east of Wilmont, Minnesota.

Legal Description–East 68.84 acres of the Northwest Quarter (NW1/4) & Northeast Quarter (NE1/4)
Section Thirty (30), Township One Hundred Four (104) North, Range Forty One (41) West
Nobles County, Minnesota.

228.84 – Deeded Acres +/-      203.1 – Cropland Acres +/-

95.1 – Approximate Crop Productivity Index Rating

FSA Information: Corn Base – 100.9 Acres    PLC Yield – 165 Bu.
Soybean Base – 65.1 Acres   PLC Yield – 46 Bu.    CRP 37.1+/- Acres

Method of Sale–Public Live & On-Line Auction

Method of Bidding–Multi- Parcel Board Bidding process & system.

ONLINE BIDDING OPTION–Due to the current COVID-19 regulations and rules regarding public gatherings it is encouraged that those interested parties that do not wish to attend the auction in person use our online bidding platform through to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Buyer is responsible for understanding our board bidding process prior to bidding. Please call at least 24 hours ahead of sale if bidding online if you have questions regarding it. For those that wish to participate, but don’t have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via both Live & On-line webcast public auction. Those parties bidding on-line will be required to wire transfer the earnest money and sign the purchase agreements the day of the auction. There will be NO “Buyers Premium” charged to those bidding on-line or in person. 

Possession–2021 Crop year.

Terms–The property will be offered in 3 tracts & in combination through our multi-parcel board bidding system. If the farm is sold in separate tracts to separate buyers the Seller’s will provide a survey of the separate tracts and the actual number of deeded acres sold will be adjusted at closing to the surveyed number of acres in those tracts. The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on January 15, 2021 with the balance being due and payable in full at closing. Farm is being sold subject to a cropland lease for 2020 with the Sellers retaining the 2020 lease & CRP payments. The Buyer or Buyers will be assigned the future annual Energy Rent/Wind Rights & Turbine Rent/Wind Turbine Payment income as assigned to the prospective tracts. The Sellers will be retaining all of the Construction Payment for the wind turbine that is located on the South Half of the Northeast Quarter. The sale will NOT be contingent upon any buyer financing. The buyer is responsible for all real estate taxes that are due and payable in 2021 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. 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 statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

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