Pipestone County, MN

Rock Township
Pipestone, MN 56164

314.50 Acres M/L
AUCTION

Listing #16772

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PROPERTY INFO

Description

Pipestone County, Minnesota Land Auction – Mark your calendar for Friday, June 23rd, 2023! Peoples Company is pleased to offer one of those rare occasions where farmland that has been owned by the Appel Family for many years will be made available and sold via public auction. The auction will consist of 314.50 surveyed acres to be sold in three separate tracts on Friday, June 23rd, 2023, at the Pipestone Country Club in Pipestone, Minnesota.

Tract 1 consists of 109.60 surveyed acres with 46.89 FSA cropland acres carrying a PI rating of 68.7. The balance of the farm consists of 50 acres m/l of pasture with fencing in place. 
Tract 2 consists of 124.42 surveyed acres with 116.55 FSA cropland acres carrying a PI rating of 85.8. Of the 116.55 FSA cropland acres m/l, 13.97 acres are enrolled in CRP expiring in 2037 with an annual payment of $3,680 ($263.40 Per Acre).
Tract 3 consists of 80.48 surveyed acres with 76.18 FSA cropland acres carrying a PI rating of 89.9.

These tracts would be a great add-on to an existing farm operation, an affordable tract for a beginning farmer, or a smart investment for the buyer looking to diversify their portfolio. The farms are leased for the 2023 crop year, but farming rights will be open for the 2024 growing season. The tracts are located northeast of Pipestone, Minnesota in Section 33 of Rock Township. 

The three tracts will be offered via Public Auction and will take place at 10:00 AM at the Pipestone Country Club, 1003 8th Avenue SE, Pipestone, MN 56164. The farmland tracts will be sold as three individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

*Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Pipestone County FSA and NRCS offices.

  • Sign On Property: Yes
  • Parcel Number: 10.033.0250, 10.033.0300
  • School District: Pipestone Area School District
  • General Area: Northeast of Pipestone, Minnesota
  • Net Taxes: $7,506.00
  • Online Bidding: Yes
  • Auction Date: Jun 23, 2023
  • Possession: At Closing, subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

From Pipestone, Minnesota: Travel northeast out of town on State Highway 23 for 3.5 miles until reaching 131st Street. Turn right (east) on 131st Street for 6 miles and the tracts will be located on the south side of the road marked with Peoples Company signs.

From Woodstock, Minnesota: Travel north out of town on 180th Avenue for 1.5 miles until reaching 131st Street. Turn left (west) on 131st Street for 1.5 miles and the tracts will be located on the south side of the road marked with Peoples Company signs.


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Auction Details

Pipestone County Land Auction
314.50 Surveyed Acres
Offered in Three Tracts
Friday, June 23rd, 2023
10:00 AM

Auction Location: 
Pipestone Country Club
1003 8th Avenue SE
Pipestone, MN 56164

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Auction Method: All Tracts will be offered through the "Buyer's Choice Auction Method", wherein the winning bidder may elect to take, in any order, one, two, or all three of the tracts for their high bid. The "Buyer's Choice Auction Method" will continue until all tracts have been purchased. 

Tract 1: 109.60 surveyed acres 
Tract 2: 124.42 surveyed acres
Tract 3: 80.48 surveyed acres

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Pipestone County 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 Pipestone County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of a check or wire transfer. All funds will be held at Pipestone Abstract & Title Company.

Closing: Closing will occur on or before Thursday, August 3rd, 2023. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The tracts are leased for the 2023 crop year, but farming rights will be open for the 2024 growing season.

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

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. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

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. The 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 the Abstract.

Location


Description

Tract 1 consists of 109.60 surveyed acres with 46.89 FSA cropland acres carrying a PI rating of 68.7. Farmland acres are designated as NHEL (Non-Highly Erodible Land) with primary soil types including Estelline Silt Loam and Renshaw-Fordville Loam. The balance of the farm consists of 50 acres m/l of pasture with fencing in place.

The farm is leased for the 2023 crop year, but farming rights will be open for the 2024 growing season. The winning bidder will receive credit at closing for the second half cash rent payment in the amount of $5,514. The property is located northeast of Pipestone in Section 33 of Rock Township, Pipestone County, Minnesota.

*There is a wind turbine on Tract 1, contact Agent for details. 

*Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Pipestone County FSA and NRCS offices.

Legal Description

109.60 surveyed acres in the Northwest Quarter in section 33, Township 107 North, Range 44 West, Pipestone County, Minnesota. Exact legal description will come from Title Commitment.

Details
  • Acres: 109.60 Acres M/L
  • Parcel Number: Part of 10.033.0250
  • Net Taxes: $1,936.00
  • Productivity Index: 68.7

Directions

From Pipestone, Minnesota: Travel northeast out of town on State Highway 23 for 3.5 miles until reaching 131st Street. Turn right (east) on 131st Street for 6 miles and Tract 1 will be located on the south side of the road marked with a Peoples Company sign. 

From Woodstock, Minnesota: Travel north out of town on 180th Avenue for 1.5 miles until reaching 131st Street. Turn left (west) on 131st Street for 2 miles and Tract 1 will be located on the south side of the road marked with a Peoples Company sign.


Tract 2 - 131st Street, Pipestone, MN 56164

Description

Tract 2 consists of 124.42 surveyed acres with 116.55 FSA cropland acres carrying a PI rating of 85.7. Of the 116.55 FSA cropland acres that are designated as NHEL (Non-Highly Erodible Land), 102.58 are currently tillable with primary soil types including Kranzburg-Brookings Silty Clay Loams and Vienna Silty Clay Loam. The balance of the acres includes 13.97 acres enrolled in CRP (Conservation Reserve Program) that are set to expire in 2037 with an annual payment of $3,680 ($263.40 Per Acre). 

The farm is leased for the 2023 crop year, but farming rights will be open for the 2024 growing season. The winning bidder will receive credit at closing for the second half cash rent payment in the amount of $9,328. The property is located northeast of Pipestone in Section 33 of Rock Township, Pipestone County, Minnesota.

*Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Pipestone County FSA and NRCS offices.

Legal Description

124.42 surveyed acres in the Northeast Quarter in Section 33, Township 107 North, Range 44 West, Pipestone County, Minnesota. Exact legal description will come from Title Commitment.

Details
  • Acres: 124.42 Acres M/L
  • Parcel Number: Part of 10.033.0250, Part of 10.033.0300
  • Net Taxes: $3,161.00
  • Productivity Index: 85.70

Directions

From Pipestone, Minnesota: Travel northeast out of town on State Highway 23 for 3.5 miles until reaching 131st Street. Turn right (east) on 131st Street for 6 miles and Tract 2 will be located on the south side of the road marked with a Peoples Company sign. 

From Woodstock, Minnesota: Travel north out of town on 180th Avenue for 1.5 miles until reaching 131st Street. Turn left (west) on 131st Street for 2 miles and Tract 2 will be located on the south side of the road marked with a Peoples Company sign.


Tract 3 - 170th Avenue , Pipestone, MN 56164

Description

Tract 3 consists of 80.48 surveyed acres with 76.18 FSA cropland acres carrying a PI rating of 89.9. Farmland acres are designated as NHEL (Non-Highly Erodible Land) with primary soil types including productive Vienna Silty Clay Loam and Brookings Silty Clay Loam.

The farm is leased for the 2023 crop year, but farming rights will be open for the 2024 growing season. The winning bidder will receive credit at closing for the second half cash rent payment in the amount of $6,928. The property is located northeast of Pipestone in Section 33 of Rock Township, Pipestone County, Minnesota.

*Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Pipestone County FSA and NRCS offices.

Legal Description

80.48 surveyed acres in the Northeast Quarter in Section 33, Township 107 North, Range 44 West, Pipestone County, Minnesota. Exact legal description will come from Title Commitment.

Details
  • Acres: 80.48 Acres M/L
  • Parcel Number: Part of 10.033.0300
  • Net Taxes: $2,409.00
  • Productivity Index: 89.9

Directions

From Pipestone, Minnesota: Travel northeast out of town on State Highway 23 for 3.5 miles until reaching 131st Street. Turn right (east) on 131st Street for 6 miles and Tract 3 will be located on the south side of the road marked with a Peoples Company sign. 

From Woodstock, Minnesota: Travel north out of town on 180th Avenue for 1.5 miles until reaching 131st Street. Turn left (west) on 131st Street for 1.5 miles and Tract 3 will be located on the south side of the road marked with a Peoples Company sign. 


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