NOBLES COUNTY, MN (Bloom Twp) 319± Acres Total, Multi-parcel
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Stockholm, Grant County, South Dakota, United States
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Sold for $3,450,000. Closed on 5/14/2021.
Farm Information: This must-see property has been in the Peterson family for 77 years (3 generations) and is a rare opportunity to purchase 1000 ± contiguous acres of stunning South Dakota real estate. This vast offering contains productive soils for row crops, high quality fenced pasture ground, and prime wildlife habitat consisting of native prairie grasses, beautiful river bottom views, a food plot, and thousands of mature trees. This picturesque prairie setting is an ideal opportunity to invest in a diverse income producing asset. There is no shortage of wildlife as signs of deer, turkey, and pheasants are abundant! The land is located on the northeast edge of the Coteau des Prairies approximately 20 miles northeast of Watertown, SD or 1 mi North of Stockholm, SD with majestic views of Whetstone Valley to the east.
Parcel 1 – 680 ± acres, approximately 308 well-draining tillable cropland acres with a Crop Productivity Index (CPI) of 68.9, 267 acres of pasture with good fence and year round water supply from the North Fork of the Yellowbank River, 42 acres of hay ground and approximately 63 acres of non-cropped wildlife habitat, old farmstead area, and roads/right of way. An old windmill and split fieldstone barn foundation still remain at the former farmstead building area. A portion of the pasture is under a US Fish and Wildlife Service perpetual grassland and wetland easement inclusive of some prairie potholes for waterfowl habitat that has no grazing restrictions and haying is allowed after July 15 (see easement documents for further details).
Parcel 2 – 320 ± acres, approximately 232 well-draining tillable cropland acres with a Crop Productivity Index (CPI) of 68.1, 88 acres of non-cropped wildlife habitat, hayland with no grazing restrictions, old farmstead area and roads/right of way. A second windmill and well still stand at the former building site.
Combination Parcel – ± 1,000 Contiguous acres = Parcel 1 + Parcel 2
Additionally, a 5-year wind energy option agreement is in place through June 2nd, 2021 with Nextera Energy. Phase 1 of the Crowned Ridge Wind Farm has been completed and is adjacent to the south side of this property. The developer has preliminary plans to build an additional 100 megawatts and a new wind option agreement will need to be negotiated for Phase 2. The preliminary designs included (4) 2.3 MW GE wind turbines that would produce additional farm revenue. (See attached documents for further details).
Taxes: 2020 Rates Parcel 1: $11,172, Parcel 2: $5,659
Date & Time: Sealed bids are due at the office of Northwestern Farm Management Company by noon on Friday, March 19th, 2021. Live auction for registered participants will follow on Tuesday, March 23rd, 2021 at 10:30 AM. Location to be determined at a later date.
Terms: Bidders must submit a written bid to attend and participate in the live auction.
Sellers: Regus Farms Inc. and The Lois Engel-Feiock Rev. Trust
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.