241+/- Acre Land Auction, Lincoln Co., MN

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Diamond Lake Twp., Lincoln Co, MN
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    Tract 1 - This land is located from Lake Benton, MN, 7 miles north on Hwy. 75, 2 miles east on 220th St. Tract II - From Tract I, this inside 80-acre farm is located ½ mile south on 210th Ave. and ½ mile east on 210th St.

      Tract 1 Sold For $7,400 Per Acre or $1,191,400.00

        Tract 2 Sold For $4,400 Per Acre or $352,000.00

    Auctioneer Notes

      Auctioneers' Note: 10:00 AM - 161 (+-) Acres, NW of Section 2, and 80 (+-) Acres, W1/2 of NE 1/4 of Section 11, all in Diamond Lake Twp., Lincoln Co., MN. Sale will be held at Tract 1

    Overview

      Tract I – 161 +/- Acres – According to the FSA Office, this farm has approx. 138.6 tillable acres and a corn base of 79.68 acres w/PLC yield of 114 bus. and soybean base of 39.68 acres w/PLC yield of 34 bus., plus a 19.6 acre wheat base. The farm has a gentle roll w/productive soil, and non-tillable acres are approx. 15 acres in building site, roads and waterway. The farm has potential for more tillable acres. According to Surety AgriData, the farm has predominately Class I & II soils with a productivity index of 89.3. This farm is leased for the 2022 crop year and new buyer will get $30,000 rent credit at closing.

      Tract II – 80 +/- Acres – According to the FSA Office, this farm has approx. 65.94 acres of cropland which includes 37.99 CRP acres until 9/30/30 at $167/acre. New buyer will assume present CRP contract and there will be no cost share on expenses after 2024. Farm has a 15.62 acre corn base and 12.33 acre soybean base. According to Surety AgriData, this farm has predominately Class II & III soils with a productivity index of 83.2. The farm is leased for 2022. New buyer will assume CRP income and receive $7,000 rent credit at closing.

    Description

      NW ¼ of Section 2 (161 +/- acres) and W ½ of NE ¼ of Section 11 (80 +/- acres) all in Diamond Lake Twp., Lincoln County, MN. Home - Lots 5 & 6, Block 6, City of Ivanhoe, MN.

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