Auction Date:
November 19, 2024 | 10:00 am Auction Location / Nearest City:
1691 Co. Hwy 13, Lake Benton, MNFeatured items:
- Tract 1 – 220.96+/- Acres
- Tract 2 – 14+/- Acres
- Tract 3 – 100 +/- Acres
- Tract 4 – 100+/- Acres
- Lincoln County
- Drammen Township
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Auction Description:
442.27 +/- Acre Land Auction, Lincoln Co., MN
Date/Time: November 19, 2024 10:00 am
Address: 1691 Co. Hwy 13, Lake Benton, MN
Directions
From Lake Benton, MN, (Hwy 14 & Hwy 75 Jct) 4 miles north on Hwy 75 then 2 miles west on County Road 13.
Auctioneer Notes
Here is an outstanding land offering, providing the opportunity to purchase up to 442.27 +/- acres of a very nicely located acreage, a good mix of productive tillable acres, quality pasture acres, as well as some nice recreational CRP acres. This land is in a good agricultural area of Drammen Twp., Lincoln Co., MN and located right on oil road Minnesota State Hwy 13 for good access with tract 1 being located just ¾ of a mile east of Tracts 3 & 4. These farms and acreage will be offered in 4 tracts. The sale will be held live onsite at the acreage with online bidding available during the sale. Possession available for the upcoming crop year! No buyer’s premium. Contact the auctioneers & brokerage firm and don’t miss this sale!
Overview
Tract 1 – 220.96+/- Acres This land has approximately 194.58 +/- cropland acres, per the FSA office, with some of these cropland acres currently enrolled in CRP. There are approximately 156 +/- acres that are being farmed and on those tillable acres the soil productivity rating is 88.5, being predominately made up of Singsaas-Oak Lake complex and Barnes-Buse complex. The current CRP contracts are 16.68+/- acres with a payment of $44.00 per acre or $734.00 annually expiring on 09/30/2030; 20.73+/- acres with a payment of $163.66 per acre or $3,393.00 annually expiring on 09/30/2030; 13.09+/- acres with a payment of $242.86 per acre or $3,179.00 annually expiring on 09/30/2031.
Description: E ½ of NW ¼ & NE ¼ Exc Acreage site in the northeast corner in Sec. 24, T-110N, R-46W, Drammen Twp. Lincoln Co., MN.
Tract 2 – 14+/- Acres Excellent opportunity for a nice acreage right on an oil road in Lincoln Co., MN. The acreage consists of a ranch-style home that was built in 1976 and has approximately 1,144 sq. ft. of finished living space on the main level with 3 bedrooms and 1 bathroom and an unfinished lower level. The acreage has good access and a nice shelter belt on the west of the property. The address of the property is 1691 Minnesota State Hwy 13, Lake Benton, MN.
Description: The acreage site in the NE corner of E ½ of NW ¼ & NE ¼ in Sec. 24, T-110N, R-46W, Drammen Twp. Lincoln Co., MN.
Tract 3 – 100 +/- Acres Surety Agri Data, Inc. indicates these tillable acres have a good soil productivity rating of 86.3 with much of the farm in Class 2 soils. These acres are free and clear for the 2025 crop year and would make an excellent addition to any area row-crop farming operation or to add to your investment portfolio!
Description: SW ¼ in Sec. 14, T-110N, R-46W, Drammen Twp., Lincoln Co., MN
Tract 4 – 100+/- Acres This pasture farm offers a well-cared for quality grass with approximately 100 +/- acres with all new fence, cross-fence, 5 paddocks and loading corral facility. Some portions of this land have been converted from tillable acres into newly seeded pasture grass. This pasture runs from Section 14 across the road to Section 15 with both pieces of land having access to fresh water fed from the solar well pump. Excellent pasture with good access being located right on Minnesota State Hwy 13.
Description: SE ¼ of SE ¼ of Sec 15, T-110N, R-46W, Drammen Twp., Lincoln Co., MN & that portion in SW ¼ in Sec. 14, T-110N, R-46W, Drammen Twp., Lincoln Co., MN
For additional information and terms please visit www.burlagepeterson.com, or contact Auctioneers.
MAKE PLANS TO ATTEND THIS AUCTION AND COME PREPARED TO BUY!
Description
E ½ of NW ¼ & NE ¼ Exc Acreage site in the northeast corner & The acreage site in the NE corner of E ½ of NW ¼ & NE ¼ all in Sec. 24, T-110N, R-46W, Drammen Twp. Lincoln Co., MN. & SE ¼ of SE ¼ of Sec 15, T-110N, R-46W, Drammen Twp., Lincoln Co., MN & that portion in SW ¼ in Sec. 14, T-110N, R-46W, Drammen Twp., Lincoln Co., MN, SW ¼ in Sec. 14, T-110N, R-46W, Drammen Twp., Lincoln Co., MN
Terms
10% non-refundable earnest money deposit due the day of sale with balance due on Tracts 1, 3 & 4 on or before January 7, 2024 and Tract 2 balance due on or before December 20, 2024. These farms are all free and clear for possession for the upcoming 2025 crop year. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2024 real estate taxes, and the buyers will be responsible for the 2025 taxes. Sellers do not guarantee that existing fences lie on the true boundaries, and any new fencing will be the responsibility of the purchaser pursuant to MN statutes. The cropland acres, yields and bases are per FSA office. The new buyer is responsible for conducting their due diligence for any future uses and practices with the property. The farm is sold subject to easements, contracts and restrictions, if any, and is sold subject to confirmation by the owners on the day of the sale. The information contained herein, and all statements and descriptions made are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.
Owner
TERHARK FAMILY FARM, LLC & JEFF & JARED TERHARK
Additional Information
AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102
1691 Co. Hwy 13, Lake Benton, MN
Lake Benton, MN
Auction Location / Nearest City:
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