Lake Benton, MN 56149(Lincoln County)

AUCTIONEERS NOTE: This auction presents a great opportunity to purchase a very desirable +/-161.32 acre farm with a mixture of productive high caliber cropland and non-tillable acres comprised of a former farmstead with a few remaining outbuildings and mature grove, with the remaining non-crop acres comprised of a slough located in the SW portion of the farm and roads. The cropland acres have some very respectable soils, with areas enhanced by the installation of some drain tile. This land has been well farmed and maintained in an excellent state of cultivation by a long-term 35+ year tenant. Additionally, this farm has annual income generated from a wind easement payment which has been generating approximately $3,500.00 per year. The current lease on this farm expires following the harvest of the 2025 crops and this farm is available for the buyer to farm or lease as they desire in 2026, with the buyer to receive Fall Tillage Privileges Subsequent to the Harvest of the 2025 crop. Mark your calendars to be in attendance at this auction and make plans to inspect this property prior to the auction!

This is a very desirable parcel of land with high quality tillable land with very good soils, eye appeal and more. This land has an excellent location and is bordered on the north by Co. Hwy. #15/230th St. This property has a former farmstead with a galv. metal machine shed pole bldg. (approx. 54x70) w/2 sliding doors (approx. 13 high & 17 wide), a walk door and dirt floor, an old wooden granary, 3 small metal grain bins, which could be a very nice site for re-establishment of a rural building site, especially since there is an existing mature tree grove on the north and west of the site. This property is subject to a wind rights easement which has been yielding approx. $3,500.00 per year, with additional renewal options in accordance with the existing wind rights agreement. According to a recent survey of this property by Bueltel-Moseng Land Surveying, Inc., this property as a whole consists of a total of +/-161.32 acres. According to FSA information this farm has approx. 127.21 acres of cropland, with a 62.53 acre corn base with a 150 bu. PLC yield and a 61.57 acre soybean base with a 43 bu. PLC yield and is enrolled in the County ARC election of the USDA farm program; with the non-tillable acres comprised of a combination of the acres included in the farmstead and grove, the slough and roads. According to the Lincoln Co. Assessor this parcel has a high CER of 66.19, comparatively information obtained from Surety Agri-Data, Inc. indicates that this farm has a high weighted average productivity index of 88.1, with the cropland acres comprised primarily of Class I, II & III soils. According to tile information provided there is approx. 3,500 of 5 drain tile installed in areas of this farm. The general topography of the cropland is gently rolling to rolling. There is an existing wind rights lease and easement in place on the property, which was executed in 2016 with an initial term of 20 years, with 3 additional renewals of 10 years each, unless terminated earlier in accordance with the lease agreement; which according to the owners has been generating approx. $3,500.00 per year and presently is with Xcel Energy. the payment received in 2024 was $3,533.00; the seller will retain the 2025 wind easement payment with the buyer to receive 100% of the 2026 and future years wind easement payments. If you are in the market for a very desirable parcel of land with excellent crop and income potential to add to a row crop farming operation or investment, and/or a location for construction of a new rural residence, then make plans to inspect this property and be in attendance at this auction.

LEGAL DESC.: The NW of Sec. 32, T. 111N., R. 45W., (Ash Lake Twp.), Lincoln County, MN.

TERMS: Cash A 10% non-refundable downpayment on the day of the sale and the balance on or before December 17, 2025 with full possession for the 2026 crop year. Fall tillage privileges may be awarded to the buyer subsequent to the harvest of the 2025 standing crops and the tenants rights under the 2025 farm lease. The sellers will retain 100% of the 2025 rents and wind tower payment. Marketable Title will be conveyed and an abstract of title continued to date will be provided to the buyer for examination prior to closing. Attorneys closing fees will be paid by the sellers. All of the RE taxes payable in 2025 on this property in the full-homestead amount of $2,420.00 will be paid in full by the estate, with the buyer to be responsible for all of the RE taxes payable in 2026. This property is sold in AS IS Condition with no contingencies whatsoever 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. The sellers have no knowledge of any wells on the premises. 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 has been surveyed to establish the location of the east boundary and to ascertain the total acres in this farm in accordance with a recent survey of the property by Bueltel-Moseng Land Surveying, Inc., with the acres understood to be more or less. This property is sold in AS IS CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Lincoln Co., MN 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 heirs. For additional information contact the auctioneers.