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Auction Date: 06.21.2023 Auction Time: 10:00 AM

Auction Location: Best Western Plus, 2101 S Broadway St, New Ulm, MN 56073

Entire Farm Description:

This property is located in Section 15 of Milford Township - 2 miles west of New Ulm and ½ mile north on 185th Avenue.

The property is 39.03 surveyed acres with 34.95 acres enrolled in the Conservation Reserve Program (CRP). The CRP acres are enrolled in two separate contracts. Contract #1 is in a CP21 program that was enrolled in 2016 and will expire in 2026. Contract #1 is comprised of 10.5 acres with an annual rental rate of $276.45 per acre or $2,903 per year.

Contract #2 is in a CP23A program that was enrolled in 2021 and will expire in 2036. Contract #2 is comprised of 24.45 acres with a rental rate of $287.93 per acre or $7,040 per year.

The 2023 CRP Payment and Real Estate Taxes will be prorated to the day of closing.

Farmland: These CRP acres are extremely clean with almost no volunteer tree or woody vegetative growth. This will be a benefit to anyone looking to convert these acres from CRP back into production. Not only are these acres clean, but they also have level topography and excellent soils. The soils have a Crop Productivity Index (CPI) of 91 comprised of Webster Clay Loam, Okoboji Silty Clay Loam, Nicollet Clay Loam. There is believed to be private drainage tile present extending north from the drainage ditch.

Recreation: This property sets up great for pheasant hunting. Not only does it have good upland habitat, but it is surrounded by both private and public hunting land to the west and south. The surrounding area makes this a good corridor to hold pheasants throughout the hunting season with deer hunting opportunities as well.

Investment: 34.95 acres are enrolled in CRP. These acres have a gross annual income of $9,943 per year. These programs are both continuous signups under the CP21 and CP23A programs.

Details:

Tract #: 1

Deeded acres: 39.03

FSA Farmland Acres: CRP Enrolled Acres 34.95

Soil Types: Webster Clay Loam, Okoboji Silty Clay Loam, Nicollet Clay Loam.

Soil PI/NCCPI/CSR2: 91 CPI

CRP Acres/payment: 34.95 acres total gross annual income of $9,943

Taxes: $1704

Lease Status: No Lease

Possession: Immediate possession

Survey needed?: No survey is needed

Brief Legal: Sect-15 Twp-110 Range-031 37.50 AC LOTS 4-10 OF PLAT OF SECTION 15 DOC 50327 THAT IS N OF RR & S OF FOLLOWING LINE:COMM AT N4 COR, THEN S 0 DEG E,1475.68 FT; THEN N 89 DEG W, 1764.87 FT TO END OF LINE.

PIDs: 19001500203250

Lat/Lon: 44.3356 -94.5464

Zip Code: 56073

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