111.19 +/- Acres- Steele County, MN

Live & Online Auction

Categories:     Land

Auction Date:

February 09, 2024 | 10:00 am

Auction Location / Nearest City:

9028 Southwest 37th Avenue, Hope, MN, USA

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Auction Description:

111.19 ACRES +/- STEELE COUNTY, MN

DATE: FRIDAY, FEBRUARY 9, 2024 10:00 AM CST

AUCTION LOCATION: Steele County Trail Association building 9028 SW 37th Avenue, Hope MN

LandProz is pleased to present the Oldefendt Farm in Steele County, MN. This tillable farmland will be offered to the public to bid their price via LandProz.com. Online bidding will open on February 5, 2024.

Welcome to the Oldefendt farmland auction! This is a once-in-a-lifetime opportunity to own a remarkable fourth-generation farm in the heart of a thriving agricultural community. Located on the West property line of the Hope grain elevator and across the road from the esteemed Crystal Valley Cooperative, this 111.19 +/- acre farmland is a true gem.

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 1960’s, ensuring adequate drainage and further enhancing the farm’s 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 farm’s 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.

It’s 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 Ave. in Hope, Minnesota. 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.

Don’t 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.

PROPERTY FEATURES

• 111.19 +/- Deeded Acres

• 105.78 +/- Tillable Acres

• CPI of 93.1

• Borders the Hope Grain Elevator

• Across the road from Crystal Valley Co-op

• Tile present

• Tile easement from the Hope Elevator is located on the NE corner of the property [See map & legal description]

• 4 Generation farm

• Railway runs through Hope, MN

• Close to Krause Feeds & Supplies

• Prime location next to 2 grain elevators/markets

• Open for 2024 crop season

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

111.19 +/- Acres- Steele County, MN

9028 Southwest 37th Avenue, Hope, MN, USA
Hope, MN

Auction Location / Nearest City:

9028 Southwest 37th Avenue, Hope, MN, USA

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