Lakefield, MN 56150(Jackson County)

Auctioneers Note: Our company is honored to represent Paul & Ruth in offering this land for sale at public auction! This farm has been owned by the Rensink family for many years! If you are looking for quality Jackson County, MN farmland along Interstate 90 to add to your investment portfolio or farming operation then do not pass up this opportunity to purchase one or both of these excellent tracts of land!

Abbreviated Legal Description of Property 1: Tract 3(Legal Only) in the Fractional NW1/4 of Section 18, TWP 102N, Range 36W, Jackson County, MN. Sold subject to all public roads, wind/solar easements and drainage taxes if any.

General description of Property 1: According to the survey, this property contains 81.98+/- gross acres. According to FSA/Survey, this property contains approx. 81.64+/- tillable acres with the remainder in road and ditch. This farm has a corn base and soybean base combined with Property 2 with a PLC yield of 161bu on corn and PLC yield of 42bu on soybeans. The tillable farmland is classified as NHEL. The predominant soil types of the land include: 229-Waldorf, 102B2-Clarion, 27B-Dickinson, 327B-Dickman, 813-Spicer-Lura, 102B-Clarion, 118Crippin. According to Agri-Data this tillable land has a productivity index rating of 78.4 and a estimated average county CER rating of 65.59. This land has does have some county drainage tile line installed! This land has been well maintained and if purchased in conjunction with property 2 offers a tremendous opportunity to purchase 163.96 contiguous acres! If you are younger farmer looking to purchase your first farm or an established farmer looking to add acres to your operation to establish a solid land base this farm is worth purchasing! Land for generations has proven itself to be solid long term investment that you can be proud to own! Do not wait to buy land, buy land and wait!!

Abbreviated Legal Description of Property 2: Tract 2 (Legal Only) in the Fractional NW1/4 of Section 18, TWP 102N, Range 36W, Jackson County, MN. Sold subject to all public roads, wind/solar easements and drainage taxes if any.

General description of Property 2: According to the survey, this property contains 81.98+/- gross acres. According to FSA/Survey, this property contains approx. 78.22+/- tillable acres with the remainder in road and ditch. This farm has a corn base and soybean base combined with Property 1 with a PLC yield of 161bu on corn and PLC yield of 42bu on soybeans. The tillable farmland is classified as NHEL. The predominant soil types of the land include: 102B2-Clarion, 813-Spicer-Lura, 229-Waldorf, L13A-Klossner, 102B-Clarion, 327B-Dickman.. According to Agri-Data this tillable land has a productivity index rating of 85.3 and a estimated average county CER rating of 65.59. This land has does have a large amount of county drainage tile line installed! This land has been well maintained and if purchased in conjunction with Property 1 offers a tremendous opportunity to purchase 163.96 contiguous acres! For generations people have relied on land as a way to provide for their families whether it be through farming or as an investment! Do not pass up this chance to purchase this quality tract of land which your family will thank you for generations for purchasing!

Method of sale: Tracts 1 & 2 will be offered in the choice method. The top successful bidder of the first round of choice will have the option to select the tract of their choice OR both of the tracts. If the top successful bidder selects just one of the tracts then whichever tract is remaining will then be sold. Tracts will not be combined at the end. Once a tract is sold in the round of choice it will remain sold. Auction to be held at the Dickinson County, IA Fairgrounds (1602 15th St, Spirit Lake, IA 51360)

Taxes: The current Real Estate Taxes according to the Jackson County Treasurer are approx. $5,002.00 per year combined for both Properties 1 & 2. Seller shall pay the 2023 RE taxes due in the calendar year 2023 which were based on the 2022 tax assessment. Buyer shall be responsible to pay the RE taxes due in the calendar year 2024 which were based on the 2023 tax assessments and all future taxes.

Possession: Full possession will be March 1, 2024. This land is available to farm for the 2024 crop year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Winter Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before January 4, 2024 when the seller will provide marketable title to the property. Owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstracts will not be provided. Closing will be conducted by Winter Abstract & Title. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. 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. If buyer delays closing penalties will apply. All buyers are encouraged to do buyers due diligence. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneer and Real Estate broker is representing the sellers. If any additional information is requested, please contact auction manager listed below. Tom Whorley Attorney For Sellers