10th Street , Elmore, MN 56207(Faribault County)

Tract 1:

FSA Cropland Acres: 103.44

Corn Base Acres: 54.7 with a PLC Yield of 179

Soybean Base Acres: 46.7 with a PLC Yield of 46

Total Base Acres: 103.4

Tract 2 will be sold as 152 acres m/l and consists of 151.43 estimated tillable acres m/l with a weighted Productivity Index value of 88.7. Primary soil types include highly productive Brownton, Spicer and Kingston Loams. This tract has private and county tile. See attached tile map. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season with early possession allowed immediately after the auction. Ask Agent for details. This property is located along the Iowa-Minnesota boarder in Section 35 of Elmore Township, Faribault County, Minnesota and on the north side of 10th Street.

Tract 2:

Est. FSA Cropland Acres: 151.43

Est. Corn Base Acres: 79.8 with a PLC Yield of 179

Est. Soybean Base Acres: 71.6 with a PLC Yield of 46

Est. Base Acres: 151.4

Kossuth County, IA & Faribault County, MN ONLINE Land Auction

258.78Acres M/L

Offered in TwoSeparate Tracts

Bidding is Live and will end Friday, April 3rd, 2020 at 11:00 AM

Auction Method:Tracts will be offered separately via ONLINE AUCTION BIDDING and sold on a price per acre basis. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Kossuth & FaribaultCounty Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Kossuth & FaribaultCounty FSA and NRCS offices.

Earnest Money Payment:A 10% earnest money payment is required within two business days after the auction close. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Companys Trust Account.

Closing:Closing will occur on or about Friday, May 15th, 2020. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession:Possession of the farm will be offered immediately once the 10% earnest deposit has been made and proof of liability insurance is provided to Peoples Company.

Farm Lease:The current farm leasehas been terminated. Farm will be open for the 2020 season.

Contract & Title:Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration:All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other:All prospective bidders must register with Peoples Company through BidWrangler or directly with the Listing Agent in order to bid on the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Listing Agents or changes on the bidding app will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of Peoples Company. No absentee or phone bids will be accepted at the auction without prior approval of the Listing Agent. All decisions of the Listing Agent are final.A bid placed within 3minutes of the scheduled close of the auction will extend bidding by 3minutes until all bidding is completed. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Disclaimer:All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.