Magnolia, MN 56158(Rock County)

Property Location: From the intersection of Interstate 90 and 190th Ave on the Southwest side of Magnolia, MN go South on 190th Ave for 2 1/2 miles to 81st St then go 1 mile East on 81st St to Tract 4. Tract 3 adjoins Tract 4 to the East of Tract 4, Tract 2 is adjoining Tract 3 to the East of Tract 3 and Tract 1 is adjoining Tract 2 to the East of Tract 2. All farms are located on the South side of 81st St.

Auction Location: Auction of the farmland will be held at the site of the farmland.

Auctioneers Note: This is an outstanding opportunity to purchase one or several tracts of contiguous Rock County, MN farmland! These farms were all fertilized in the fall of 2023 and all of the farms also had fall tillage completed on them! Buyer will not be required to reimburse seller for any of the fertilizer applied or tillage work completed! These farms also all have drainage tile line installed and are all open to farm for the 2024 crop year! When was the last time that you had the opportunity to purchase farms of this quality in this area! Land for generations has proven to be an excellent investment! If you have been searching for land then you know that quality farms are not always available for sale! Make plans today to attend this auction to purchase 1, several or all of these farms!

Land Auction Date: April 1, 2024 10:30 A.M.

Abbreviated Legal Description of Tract 1: Tract 1 in the N1/2 of Section 36, TWP 102N, Range 44W, Rock County, MN. Sold subject to all public roads and easements of record. Sold subject to a Lewis and Clark rural water easement along the road on the North side of the property.

General description of Tract 1: According to the survey, this property contains 92.46+/- gross acres. According to FSA/Survey, this property contains approx. 86.74+/- tillable acres. This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 172bu. This farm is classified as NHEL. The predominant soil types of the land include: P30B-Sac, P27A-Primghar, P16A-Graceville, 1024A-Havelock, P7A-Comfrey, P48B-Allendorf, P21A-Marcus, P3A-Biscay. According to Agri-Data this tillable land has a productivity index rating of 92.5 and an estimated average county CER rating of 91.08(Currently combined with Tract 2 with the Rock County Assessor). In the fall of 2023 this farm had fertilizer applied, which included lime which was applied variable rate (map available) and NH3 which was applied at a rate of 217 units per acre, (Receipts & soil samples are available) and fall tillage completed and is available to farm for the 2024 crop year! Buyer will not be required to reimburse seller for any of the fertilizer applied or fall tillage completed! This farm also in 2011 had drainage tile line installed and maps are available!

Abbreviated Legal Description of Tract 2: Tract 2 in the N1/2 of Section 36, TWP 102N, Range 44W, Rock County, MN. Sold subject to all public roads and easements of record. Sold subject to a Lewis and Clark rural water easement along the road on the North side of the property.

General description of Tract 2: According to the survey, this property contains 85+/- gross acres. According to FSA/Survey, this property contains approx. 83.50+/- tillable acres. This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 172bu. This farm is classified as NHEL. The predominant soil types of the land include: P16A-Graceville, P27A-Primghar, P21A-Marcus, 1024A-Havelock, P30B-Sac. According to Agri-Data this tillable land has a productivity index rating of 94.7 and an estimated average county CER rating of 91.08(Currently combined with Tract 1 with the Rock County Assessor). In the fall of 2023 this farm had fertilizer applied, which included lime which was applied variable rate (map available) and NH3 which was applied at a rate of 217 units per acre, (Receipts & soil samples are available) and fall tillage completed and is available to farm for the 2024 crop year! Buyer will not be required to reimburse seller for any of the fertilizer applied or fall tillage completed! This farm also in 2011 had drainage tile line installed and maps are available!

Abbreviated Legal Description of Tract 3: Tract 3 in the N1/2 of Section 36, TWP 102N, Range 44W, Rock County, MN. Sold subject to all public roads and easements of record. Sold subject to a Lewis and Clark rural water easement along the road on the North side of the property.

General description of Tract 3: According to the survey, this property contains 80+/- gross acres. According to FSA/Survey, this property contains approx. 79+/- tillable acres. This is an inside tract of farmland which is nearly all tillable with the only exception being the road and ditch! This farm can be farmed in 1/2 mile rows! This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 172bu. This farm is classified as NHEL. The predominant soil types of the land include: P30B-Sac, P27A-Primghar, P21A-Marcus, P16A-Graceville, P42A-Whitewood, P48B-Allendorf. According to Agri-Data this tillable land has a productivity index rating of 95.8 and an estimated average county CER rating of 95.81(Currently combined with Tract 4 with the Rock County Assessor). In the fall of 2023 this farm had fertilizer applied, which included lime which was applied variable rate (map available) and NH3 which was applied at a rate of 217 units per acre, (Receipts & soil samples are available) and fall tillage completed and is available to farm for the 2024 crop year! ! Buyer will not be required to reimburse seller for any of the fertilizer applied or fall tillage completed! This farm also in 2011 had drainage tile line installed and maps are available!

Abbreviated Legal Description of Tract 4: Tract 4 in the N1/2 of Section 36, TWP 102N, Range 44W, Rock County, MN. Sold subject to all public roads and easements of record. Sold subject to a Lewis and Clark rural water easement along the road on the North side of the property.

General description of Tract 4: According to the survey, this property contains 54.48+/- gross acres. According to FSA/Survey, this property contains approx. 51.5+/- tillable acres. This farm has a corn base only which is combined with the adjoining farmland with a PLC yield of 172bu. This farm is classified as NHEL. The predominant soil types of the land include: P30B-Sac, P27A-Primghar, P42A-Whitewood, 1024A-Havelock, P21A-Marcus. According to Agri-Data this tillable land has a productivity index rating of 94.9 and an estimated average county CER rating of 95.81(Currently combined with Tract 3 with the Rock County Assessor). This farm has an older well on the property which is currently not in use. In the fall of 2023 this farm had fertilizer applied, which included lime which was applied variable rate (map available) and NH3 which was applied at a rate of 217 units per acre, (Receipts & soil samples are available) and fall tillage completed and is available to farm for the 2024 crop year! Buyer will not be required to reimburse seller for any of the fertilizer applied or fall tillage completed! This farm also in 2011 had drainage tile line installed and maps are available!

Method of sale: All of the properties will be offered in the choice method. The top successful bidder of the round of choice will have the option to select the tract of their choice, multiple tracts or all of the tracts. If all of the tracts are selected the auction will be over. If one or several of the tracts are selected then whichever tracts are still remaining will then be offered in the choice method again with the top successful bidder having the choice of selecting one of the remaining tracts, several of the remaining tracts or all of the remaining tracts. The auction will continue in this method until all of the tracts are sold. After a tract is sold in the round of choice it will not be available again to bid on. Once a tract is sold it will remain sold. There will be no combination of tracts of offered other than the opportunity to select multiple tracts in the rounds of choice. Auction of the property will be held at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Rock County treasurer are as follows: approx. $4,068.00 per year on Tract 1, approx. $3,740.00 per year on Tract 2, approx. $3,520.00 per year on Tract 3, approx. $2,397.12 per year on Tract 4. NOTE: All amounts are estimated only and will be reassessed due to the sale and recent surveys completed. 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 on closing day. Buyers will receive possession to farm the land on April 8, 2024 upon the successful deposit of buyers earnest money.

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 when the seller will provide marketable title to the property. Closing day shall be on or before May 16, 2024. 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. These farms are 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. Buyer agrees to accommodate the seller with a 1031 exchange. 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.

Kooiker Dairy Farms, Inc- Owner