March 25-2014 -313.85 acres (offered in 2 tracts) of Excellent Section 34-Elmer Twp. Pipestone County, MN Farmland-

PUBLIC AUCTION

313.85 +/- Acres of Elmer Twp, Pipestone Co. Farmland

Tuesday March 25, 2014

Sale Time: 11:00 am

     As we are doing a 1031 land exchange we will offer for sale at public auction our farmland near Trosky, MN. Farmland will be offered in 2 separate tracts. Auction will conducted at the land site located from Trosky, Mn 3 miles south on US Highway 75 & 110^th Ave. or from Edgerton, MN. 1 ½  mile south and 5 miles west on Co. Highway 1.  

TRACT 1

LEGAL DESCRIPTION: SW ¼ of Section 34, Township 105, Range 45-Elmer Township, Pipestone` Co. MN. 

GENERAL DESCRIPTION: Tract 1 is a 159.82 +/- acre tract that consists of 150.72 acres of tillable acres and 9.01 acres of roadway and ditches. According to Pipestone Co. Assessors Office this tract has a CER rating of 70.7. Predominate soil types are Splitrock silty clay loam, Ransom silty clay loam and Rushmore silty clay loam.

TRACT 2

LEGAL DESCRIPTION:   NW ¼ of Section 34, Township 105, Range 45, Less 5.97 acre tract. Elmer Township, Pipestone Co. MN.

GENERAL DESCRIPTION:  Tract 2 is a productive 154.03 +/- acre tract that consists of 150.33 tillable acres and 3.7 acres of roadway and ditches. According to the Pipestone Co Assessors Office this tract has a CER rating of 66.29.  Predominate soil types are Kranzburg-Brookings, Splitrock silty clay loam, Brookings silty clay loam and Hidewood-Badger.

CORN/SOYBEAN BASE & YIELD: The average of the 2 tracts corn base is 149.8.3 acres and Direct Yield of 85 bu. and CC Yield of 129 bu. Soybean base of 146.0 acres and Direct Yield of 35 bu. And a CC Yield of 42 bu.

TAXES: Taxes due and payable in 2013 were $6846.00

POSSESSION: Land will be available for the 2014 crop year with possession given on April 25, 2014

TERMS: 10% down (non-refundable) immediately after auction. Buyer will be required to sign a purchase agreement at time of auction with the balance due and payable on or before April 25, 2014 when a clear and marketable title and warranty deed will be delivered to the buyer. Real Estate taxes will be pro-rated till date of closing. In the case a survey is needed it will be paid for by seller. Elbers Auction Service represents the sellers only in this transaction. Property is sold being offered “AS IS” with no warranty given or implied as to the condition or use of property. This property is offered as a cash sale with no financing contingency. Although every effort has been made to the accuracy of information given all potential buyers are encouraged to verify all information given. Property will be offered for sale subject to any easements, restrictions, reservations or right a way easement of record if any. Sale of property is subject to owner’s confirmation. Any announcements made the day of auction will take precedence over any printed material. Informational booklets & maps are available by contacting one of the auctioneers or by visiting website at www.elbersauction.com or www.zomerauctions.com

Loren & Arda Van Regenmorter, Owner

Damon T. Eisma attorney for seller

Auctioneers

                          Keith Elbers–507-962-3433 or 920-6131      

Mark Zomer-712-470-2526

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