603.47 Acres in Clay County, MN - Farmland Auction!!

Peoples Company and Steve Dalen Farmland Sales exp realty are pleased to bring to market 603.47 acres m/l of beautiful Clay County, MN farmland. These four tracts total 565.69 cropland acres m/l, featuring loamy soil types with Soil Productivity Indexes (SPI) ranging from 83.6 to 92.1! The land is located near Moorhead, MN and provides access to full service agricultural input centers and harvest facilities, including the American Crystal Sugar Beet processing plant along with the company’s main corporate office. This fabulous cropland will produce excellent yields when growing small grains, corn, soybeans and sugar beets! This property will be a great addition to producer and investor portfolios alike! How to Bid: Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions. Contact: Lindsey Brown with Peoples Company at 701-371-5538 or Lindsey@PeoplesCompany.com Steve Dalen with Steve Dalen Farmland Sales exp realty at 701-893-8517 or Land@SteveDalenFarmlandSales.com Legal Descriptions: Tract 1: SW1/4 of 15-140-48 (160 acres m/l). Tract 2: W1/2 NW1/4 and SW1/4 less 1.52 acre ditch & 5.26 acres of 15-138-48 (233.22 acres m/l). Tract 3: N1/2 SW1/4 of 1-138-48 (80 acres m/l) Tract 4: SW1/4 less 29.75 acres of 32-139-47 (130.25 acres m/l). Full legal descriptions will be taken from the Abstract and/or Title Work. Auction Details Clay County, Minnesota Land Auction 603.47 Acres M/L (Offered in four tracts) Wednesday, October 23, 2024, at 10:00 AM Auction Location: Courtyard Hotel by Marriott in Moorhead, MN 1080 28th Ave S. Moorhead, MN 56560 Sellers: Allen Farms, Maxine M. Allen Disclaimer Trust and Paula Jacobsen Auction Method: The four tracts will be offered via Public Auction and will take place at 10:00 AM at the Courtyard by Marriott Hotel, 1080 28th Ave S., Moorhead, MN 56560. The four farmland tracts will be sold on a "per deeded acre" basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, any combination, or all, of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four farmland tracts have been purchased and removed from the auction. Tracts will not be combined and offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. Tract 1: 160 Acres M/L Tract 2: 233.22 Acres M/L Tract 3: 80 Acres M/L Tract 4: 130.25 Acres M/L Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/.... Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company and Steve Dalen Farmland Sales exp realty nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform. Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company and Steve Dalen Farmland Sales exp realty and its representatives are agents of the Sellers. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract. Farm Program Information: Farm Program Information is provided by the Clay County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller, Peoples Company, and Steve Dalen Farmland Sales exp realty; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Clay County FSA and NRCS offices. Earnest Money Payment: A 10% earnest payment is required on the auction day. The earnest money payment may be paid in the form of cash or check. All funds will be held in the The Title Company Trust Account. Real Estate Taxes: The Buyer's will be responsible for all of the 2025 total real estate taxes. Survey: No additional surveying or staking will be completed by the Seller. Closing: Closing will occur on or before December 4, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers. Possession: Possession of the land will be given at Closing, Subject to Tenant's Rights. Farm Lease: The farm is leased for the 2024 crop season. The sellers will retain all 2024 cash rents. Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with The Title Company the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing. Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary. Other: The sellers will have the right to accept or reject any and all bids. This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, Steve Dalen Farmland Sales exp realty, or Sellers. All bids will be on a per-acre basis. Peoples Company and Steve Dalen Farmland Sales exp realty and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company and Steve Dalen Farmland Sales Exp Realty nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform. Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Sellers, Peoples Company, and Steve Dalen Farmland Sales exp realty. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Abstract.