Ken & Stell Peterson Farm Sale - SOLD $1,322,000

General Information: Opportunity to purchase 240 acres of excellent quality farmland in SE Yellow Medicine County. Good tile drainage with excellent outlets into County Tile or County Drainage Ditch.

Legal Description: NW¼ and N½ SW¼ Section 25 T-113-N R-38-W (Echo Twp) Yellow Medicine Co., MN

Farm Location: Property is located approximately 5 miles northeast of Vesta or 3.5 miles southeast of Echo. At intersection of 630th Street and 120th Ave farm is in SE corner.

Deeded Acres: 240 more or less

Tillable Acres: 226.63 (220.56 cultivated 6.07 CRP buffer strip)

CPI Rating: 92.5

CRP contract: pays $1,321 annually ($217.64/acre) through 2031.

Asking Price: $1,524,000 or $6,350/deeded acre

Real Estate Taxes: 2019 taxes $10,410.00 (Non-Homestead)

USDA Classification: NHEL, PC/NW

Terms: 15% earnest money due with a signed purchase agreement. Possession available after closing.