Hope, MN 56046(Steele County)

One of the most impressive features of this farm is its exceptional soil CPI [Crop Production Index], boasting an impressive rating of 93.1. This means that the land is incredibly fertile, providing the perfect conditions for high-yield crop production. Additionally, there is evidence of tile installation dating back to the 1960s, ensuring adequate drainage and further enhancing the farms productivity.

With the capacity to yield between 150 to 200 bushels of corn per acre and approximately 45 to 60 bushels of soybeans per acre, this farm is a dream come true for any aspiring farmer or seasoned agriculturalist. The previous rental agreement had been set at $250 per acre on a year-to-year basis, highlighting the farms profitability potential. Farming is open for the March 30, 2024 growing season.

Convenience is key when it comes to farming, and this property offers just that. Its close proximity to the grain elevator means that hauling your harvest is a breeze, with 2 convenient options right at your doorstep. Furthermore, the contract for farming will be open for the 2024 growing season, allowing the new owner to step right into a thriving operation.

Its worth noting that there is no CRP [Conservation Reserve Program] on this farm, providing the new owner with the flexibility to maximize their agricultural pursuits.

The highly anticipated auction will take place on February 9, 2024, at the Steele County Trail Association building located at 9028 SW 37th Avenue in Hope, MN. For those unable to attend in person, online bidding will be available prior to the auction. To learn more about the online bidding process and the live auction, please contact our dedicated agent who will be more than happy to assist you.

Dont miss out on this incredible opportunity to own a piece of history and continue the legacy of this exceptional farm. We look forward to seeing you at the auction and helping you embark on a prosperous farming journey.

Please contact LandProz Associate Broker & Realtor Jen Busch at 507-923-7657 for more information regarding this property.

111.19 +/- Deeded Acres

106 +/- Tillable Acres

CPI of 93.1

Boarders the Hope Grain Elevator

Across the road from Crystal Valley Co-op

Tile present [no maps]

4 Generation farm

Railway runs through Hope, MN

Close to Krase feed store

Prime location next to 2 grain elevators/markets

Open for 2024 crop season

Real Estate taxes $7,862 [proposed for 2024]

TERMS

$100,000 [non-refundable] down on the day of the auction. Balance is due at closing, on or before March 29, 2024. There will be a 2% Buyers Premium added to the purchase price. 2024 Taxes to be paid by buyer. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee its accuracy.

OWNER

Oldefendt Family

AUCTION LOCATION

Steele County Trail Association building

9028 SW 37th Avenue, Hope MN