General Info: Great opportunity to purchase approx. 158.60 acres of…
Milroy, Redwood County, Minnesota, United States
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Farm Information: 88.72 +/- acres with 79 +/- tillable, 3 acres of CRP, and the remaining in roads/ditches. The farm has very productive soils with a Crop Productivity Index (CPI) of 91.4. Canisteo Clay Loam, Amiret-Swanlake Loams, and Seaforth Loam soils are the most common soil types.
This farm has an excellent yield history and exceptional drainage with an extensive amount of private tile and excellent outlets into the county ditch. The drainage coefficient is near 1.25 with enough elevation to drain the farm quickly!
The 3 acres of CRP with an annual payment of $845 or $281.66 per acre through 9-30-2031.
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Property Taxes: Homestead 2021 rate on 97.42 acres = $2,180. Sale will result in tax parcel split with building site.
Farm Location: From Milroy, 1 ¾ miles east on 250th Street
Date & Time: Sealed bids due at the office of Northwestern Farm Management by noon on June 21st, 2021. Live auction on Wednesday, June 23rd, 2021 at 10:00 AM.
Auction Location: AmericInn – 1406 East Lyon Street. Marshall, MN 56258
Terms: Bidders must be registered to attend and participate in live auction. Property sold ‘As Is.’ The farm is subject to the 2021 lease terms with possession granted after closing or after the removal of the crops. Sale will not be contingent on financing. Cash sale with 15% earnest money required upon signing purchase agreement. Seller will retain 100% of the 2021 cash rent payment and pay all the Real Estate Taxes due in 2021.
This information provided herein is received from other sources and is believed to be correct. NORTHWESTERN FARM MANAGEMENT COMPANY, BROKER does not warrant its accuracy. We strongly suggest you contact the appropriate sources to confirm this information.