AUCTION – Live and Online at Ranchandfarmauctions.com

            Auction Date: 06.21.2023

            Auction Time: 10:00 AM

            Auction Location: Best Western Plus, 2101 S Broadway St, New Ulm, MN 56073

Entire Farm Description:

This property is located in Section 15 of Milford Township - 2 miles west of New Ulm and ½ mile north on 185th Avenue. 

The property is 39.03 surveyed acres with 34.95 acres enrolled in the Conservation Reserve Program (CRP). The CRP acres are enrolled in two separate contracts. Contract #1 is in a CP21 program that was enrolled in 2016 and will expire in 2026. Contract #1 is comprised of 10.5 acres with an annual rental rate of $276.45 per acre or $2,903 per year. 

Contract #2 is in a CP23A program that was enrolled in 2021 and will expire in 2036. Contract #2 is comprised of 24.45 acres with a rental rate of $287.93 per acre or $7,040 per year. 

The 2023 CRP Payment and Real Estate Taxes will be prorated to the day of closing. 

Farmland: These CRP acres are extremely clean with almost no volunteer tree or woody vegetative growth. This will be a benefit to anyone looking to converting these acres from CRP back into production. Not only are these acres clean, they have level topography and excellent soils. The soils have a Crop Productivity Index (CPI) of 91 comprised of Webster Clay Loam, Okoboji Silty Clay Loam, Nicollet Clay Loam. There is believed to be private drainage tile present extending north from the drainage ditch. 

Recreation: This property sets up great for pheasant hunting. Not only does it have good upland habitat, but it is surrounded by both private and public hunting hunting land to the west and south. The surrounding area makes this a good cooridor to hold pheasants throughtout the hunting season but also have deer hunting oportunties as well. 

Investment: 34.95 acres are enrolled in CRP. These acres have a gross annual income of $9,943 per year. These programs are both continuous signups under the CP21 and CP23A programs. 

Details: