Upcoming Live Public Auction Of 163.96 Acres Of Farmland             

  Located In Hunter TWP, Jackson County, MN

This Land Is Located Southwest of Lakefield, MN, Northeast of Round Lake, MN, West Of Jackson, MN & Northwest of Spirit Lake, IA!

This Tract Of Land Will Be Sold In Two Separate Tracts!

Tract 1: 81.98 Acres — Tract 2: 81.98  Acres

From the South edge of Lakefield, MN go South on State HWY 86 for 1 1/2 miles to 800th St. then go West on 800th St for 1 3/4 miles to Tract 2. Tract 1 lies directly adjoining Tract 2 to the South. Farm is located in the Southeast corner of the intersection of 430th Ave and 800th St. Auction to be held at the Dickinson County, IA Fairgrounds (1602 15th St, Spirit Lake, IA 51360) Watch zomercompany.com for inclement weather.

Land Auction Date: October 30, 2023 @10:30 A.M.

Auctioneer’s Note:  Our company is honored to represent Paul & Ruth in offering this land for sale at public auction! This farm has been owned by the Rensink family for many years! If you are looking for quality Jackson County, MN farmland along Interstate 90 to add to your investment portfolio or farming operation then do not pass up this opportunity to purchase one or both of these excellent tracts of land!

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Abbreviated Legal Description of Property 1: Tract 3(Legal Only) in the Fractional NW1/4 of Section 18, TWP 102N, Range 36W, Jackson County, MN. Sold subject to all public roads, wind/solar easements and drainage taxes if any.

General description of Property 1: According to the survey, this property contains 81.98+/- gross acres. According to FSA/Survey, this property contains approx. 81.64+/- tillable acres with the remainder in road and ditch. This farm has a corn base and soybean base combined with Property 2 with a PLC yield of 161bu on corn and PLC yield of 42bu on soybeans. The tillable farmland is classified as NHEL. The predominant soil types of the land include: 229-Waldorf, 102B2-Clarion, 27B-Dickinson, 327B-Dickman, 813-Spicer-Lura, 102B-Clarion, 118—Crippin.  According to Agri-Data this tillable land has a productivity index rating of 78.4 and a estimated average county CER rating of 65.59. This land has does have some county drainage tile line installed! This land has been well maintained and if purchased in conjunction with property 2 offers a tremendous opportunity to purchase 163.96 contiguous acres! If you are younger farmer looking to purchase your first farm or an established farmer looking to add acres to your operation to establish a solid land base this farm is worth purchasing! Land for generations has proven itself to be solid long term investment that you can be proud to own! Do not wait to buy land, buy land and wait!!

Abbreviated Legal Description of Property 2: Tract 2 (Legal Only) in the Fractional NW1/4 of Section 18, TWP 102N, Range 36W, Jackson County, MN. Sold subject to all public roads, wind/solar easements and drainage taxes if any.

General description of Property 2: According to the survey, this property contains 81.98+/- gross acres. According to FSA/Survey, this property contains approx. 78.22+/- tillable acres with the remainder in road and ditch. This farm has a corn base and soybean base combined with Property 1 with a PLC yield of 161bu on corn and PLC yield of 42bu on soybeans. The tillable farmland is classified as NHEL. The predominant soil types of the land include: 102B2-Clarion, 813-Spicer-Lura, 229-Waldorf, L13A-Klossner, 102B-Clarion, 327B-Dickman.. According to Agri-Data this tillable land has a productivity index rating of 85.3 and a estimated average county CER rating of 65.59. This land has does have a large amount of county drainage tile line installed! This land has been well maintained and if purchased in conjunction with Property 1 offers a tremendous opportunity to purchase 163.96 contiguous acres! For generations people have relied on land as a way to provide for their families whether it be through farming or as an investment! Do not pass up this chance to purchase this quality tract of land which your family will thank you for generations for purchasing!

CLICK HERE TO VIEW A VIDEO OF PROPERTIES #1 & #2

Method of sale: Tracts 1 & 2 will be offered in the choice method. The top successful bidder of the first round of choice will have the option to select the tract of their choice OR both of the tracts. If the top successful bidder selects just one of the tracts then whichever tract is remaining will then be sold. Tracts will not be combined at the end. Once a tract is sold in the round of choice it will remain sold. Auction to be held at the Dickinson County, IA Fairgrounds (1602 15th St, Spirit Lake, IA 51360)

Taxes: The current Real Estate Taxes according to the Jackson County Treasurer are approx. $5,002.00 per year combined for both Properties 1 & 2. Seller shall pay the 2023 RE taxes due in the calendar year 2023 which were based on the 2022 tax assessment. Buyer shall be responsible to pay the RE taxes due in the calendar year 2024 which were based on the 2023 tax assessments and all future taxes.

Possession: Full possession will be March 1, 2024. This land is available to farm for the 2024 crop year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Winter Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before January 4, 2024 when the seller will provide marketable title to the property. Owner’s title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstracts will not be provided. Closing will be conducted by Winter Abstract & Title. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to MN statutes. If buyer delays closing penalties will apply. All buyers are encouraged to do buyers due diligence. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneer and Real Estate broker is representing the sellers. If any additional information is requested, please contact auction manager listed below. Tom Whorley— Attorney For Sellers

Click Here For Informational Booklet

Rensink Family Farm- Owner

Sale Conducted by Zomer Company Realty & Auction

1414 Main St., Rock Valley, IA 51247

712-476-9443

Www.zomercompany.com

Mark Zomer Auction Manager—712-470-2526—MN Lic. #40641381

Zomer Company Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Company Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.