November 30, 2021 10:30 am

Nobles County, MN Farmland Auction 59.84+/- Acres. Sold for $15,700 per acre!

Owners: Bradley Schultz, Steve & Lori De Bates

This Farmland Is Located Southwest of Ransom,

South Of Rushmore, MN, Northeast of Little Rock, IA &

Southeast of Adrian, MN!

Location: From Rushmore, MN go 7 miles South on Blacktop Jones Ave (13) to 330th St then go 3/4 miles West on 330th St or from Little Rock, IA go 4 miles East on HWY 9 to Nettle Ave then go North 4 miles on Nettle Ave and then continue around the curve into Minnesota onto Jones Ave (13) then go 1 more mile North on Jones Ave to 330th St then go 3/4 miles West on 330th St. .. Farm is located on the North side of 330th St. Auction to be held at the site of the farm. Watch for inclement weather.

Auctioneers Note: Our company is honored to have been selected to offer this great tract of farmland for sale at public auction! This is a great opportunity to expand your current operation or investment portfolio! Call an auctioneer listed below today to receive a full informational packet!


Abbreviated Legal Description: The East 59.84 acres of the FRL Southwest Quarter of Section 30, TWP 101N, Range 41W, Nobles County, MN to be described by survey. Subject to all public easements and roadways of record.

General description: According to the recent survey, this property contains 59.84+/- gross acres of farmland. According to FSA, this property contains approx. 55.65+/- tillable acres with the remainder in road, approx. .98 of an acre of trees and a approx. 2.63 acre grass waterway. This farm has a corn base of 39.20 acres with a PLC yield of 154bu. And a soybean base of 2.10 acres with a PLC yield of 44bu. The tillable farmland is classified as NHEL. The predominant soil types include: P30B-Sac, P29A-Rushmore, P28A-Ransom. According to Agri-Data this farm has a productivity index rating of 95.1 and a county CER rating of 70.76! Make plans today to attend this auction! It is not often you have an opportunity to purchase a smaller tract of farmland! Call an agent today for a full informational brochure on this property!


Method of sale: Farm will be sold with the final bid x the gross surveyed acres of 59.84 acres. Auction will be held live on site at the property.


Taxes: The current Real Estate Taxes according to the Nobles County Treasurer are approx. $2,006.00 per year. Seller will pay the 2021 RE taxes when due and payable.

Possession: Possession of the farm will be on March 1, 2022 due to the current farm lease.


Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Nobles County Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 29, 2021. Seller will provide marketable title to the property. Seller will provide abstracts if an abstract is desired by the buyer or if title insurance is used, owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. The Buyer shall be responsible for any expense for title opinions if abstract method is used. Closing will be conducted by Nobles County Abstract & Title. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to MN statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.