LAND AUCTION

2,904.62 +/- Acres - Otter Tail, Wilkin & Grant Counties, MN

Monday, November 11, 2024 10:00 a.m.

Auction Location: Bigwood Event Center - Fergus Falls, MN

Auction Note: This is an extraordinary corn and soybean farm with highly productive loam soils in west-central Minnesota in Otter Tail, Wilkin, and Grant Counties. This remarkable offering of cropland with nearly all Class II soils and consistently strong Soil Productivity Indexes (SPI) has a strong cropping history with considerable corn and soybean base acres. Whats more, some of this land has irrigation, potential development opportunities and wildlife habitat. This cropland is all available for 2025 possession. This is a live auction with online bidding.

Contacts: Kevin Pifer at 701.238.5810 or Jack Pifer at 701.261.4762.

BIDDING FORMAT AND AUCTION SALE ORDER

Bidding will be on a dollar amount per acre. The formula to determine the parcel price is the dollar amount bid per acre times the deeded acre in each parcel. Following is a breakdown of the auction order.

Parcels 1 & 2: High Bidder Choice

Parcel 3: Sold Individually

Parcels 4 & 5: High Bidder Choice

Parcels 6-12: High Bidder Choice

Parcels 13-15: High Bidder Choice

Parcels 16-18: High Bidder Choice

Parcels 19: Sold Individually

Parcels 20-23: High Bidder Choice

Parcel 1 (Otter Tail County)

Acres: 69.61 +/-

Legal: NSW 31-135-44

Crop Acres: 61.95 +/-

Taxes (2024): $2,136.00 (Estimate)

This parcel features an SPI of 85.4 with Barnes-Buse and Hokans-Buse Soils. This parcel, planted to soybeans in 2024, has access from Hwy. #21/#11 on the west and Hwy. #88 (Old Hwy. #52) on the east.

Parcel 2 (Wilkin County)

Acres: 40 +/-

Legal: SENE 1-134-45

Crop Acres: 39.56 +/-

Taxes (2024): $1,184.00 (Estimate)

This is exceptional cropland with an SPI of 87.8, mostly all Class II Soils, including Hokans-Buse and Roliss Loam. This parcel has access from Hwy. #21/#11. It was planted to soybeans in 2024.

Parcel 3 (Otter Tail County)

Acres: 257.98 +/-

Legal: NE, EX TRS & SE EX RR OF W & TRACT TO RR (32.7 Acres) 20-133-43

Crop Acres: 234.72 +/-

Taxes (2024): $7,338.00 (Estimate)

This is one of the best offerings in this auction with an SPI of 81.7 with a strategically and well-designed tiling system. The Class II soils are mostly Hokans-Svea-Buse and Aazdahl-Formdale-Balaton soils. The parcel has excellent access. It was planted to soybeans in 2024.

Parcel 4 (Otter Tail County)

Acres: 104 +/-

Legal: NW EX 56 RODS 22-132-44

Crop Acres: 100.3 +/-

Taxes (2024): $3,106.48 (Estimate)

This parcel has good cropland with a strong cropping history and an SPI of 91.7 with mostly Flom-Hamerly and Aazdahl-Formdale-Balaton soils. The parcel was planted to corn in 2024. There is tiling on this parcel.

Parcel 5 (Otter Tail County)

Acres: 160 +/-

Legal: NE 22-132-44

Crop Acres: 145.85 +/-

Taxes (2024): $4,779.33 (Estimate)

This parcel features an SPI of 88.4 with mostly Flom-Hamerly and Aazdahl-Formdale-Balaton soils. It was planted to corn in 2024. There is tiling on this parcel.

Parcel 6 (Otter Tail County)

Acres: 149.11 +/-

Legal: NE Less Tract 3-131-43

Crop Acres: 135.13 +/-

Taxes (2024): $4,956.00 (Estimate)

This is good cropland with a strong cropping history and an SPI of 83.2. This was planted to corn in 2024. There is paved County Rd. #25 access to the east. There is tiling on this parcel.

Parcel 7 (Otter Tail County)

Acres: 154.61 +/-

Legal: NW Less Tract 2-131-43

Crop Acres: 145.52 +/-

Taxes (2024): $4,798.00 (Estimate)

This parcel has an SPI of 86.1 with paved access on County Rd. #25 on the west. This parcel was planted to corn in 2024. It has strategically placed tile.

Parcel 8 (Otter Tail County)

Acres: 40 +/-

Legal: SESE 24-131-43

Crop Acres: 35.38 +/-

Taxes (2024): $1,230.00 (Estimate)

This parcel features strong soils with an 81.5 SPI. It is nearly all Class II soils and is partially tiled. It was planted to corn in 2024.

Parcel 9 (Otter Tail County)

Acres: 20 +/-

Legal: ENENE 25-131-43

Crop Acres: 17.62 +/-

Taxes (2024): $548.00 (Estimate)

This is good cropland with a strong cropping history, and is partially tiled. This was planted to corn in 2024.

Parcel 10 (Otter Tail County)

Acres: 57.93 +/- (Final Acres TBD by Survey)

Legal: SW Ex Tract & Less 5 Acre Farmstead 30-131-43 (Final Legal TBD by Survey)

Crop Acres: 56.43 +/-

Taxes (2024): TBD - Current Parcel is Taxed with the Farmstead

This parcel has some of the best cropland in Otter Tail County with an SPI of 88.8, mostly Aazdahl-Formdale-Balaton and Hokans-Svea-Buse soils. This was planted to corn in 2024. The farmstead is not part of this transaction. A survey will determine the final acreage and legal description in this transaction. There is tiling on this parcel.

Parcel 11 (Otter Tail County)

Acres: 115.37 +/-

Legal: 115.37 +/- Acre Tract in E 36-131-44 & 10.18 Acre Tract in SE 25-131-44

Crop Acres: 112.01 +/-

Taxes (2024): $3,630.00 (Estimate)

This parcel features highly productive cropland with an SPI of 78.9. This was planted to corn in 2024. This parcel has been strategically tiled.

Parcel 12 (Otter Tail County)

Acres: 281.76 +/-

Legal: NWSE, S 825 of NE FRL, NSW EX TR & NW EX TR 31-131-43

Crop Acres: 275.7 +/-

Taxes (2024): $9,504.00 (Estimate)

This is off the chart one of the most highly productive parcels of cropland in Otter Tail County with an SPI of 90.3, featuring Aazdahl-Formdale-Balaton, Barnes-Svea-Buse, and Flom-Hamerly soils. This was planted to corn in 2024. There is tiling on this parcel.

Parcel 13 (Otter Tail County)

Acres: 146.65 +/- (Final Acres TBD by Survey)

Legal: 146.65 +/- Acre Tract in N 31-132-42 (Final Legal TBD by Survey)

Crop Acres: 90.47 +/-

Taxes (2024): $5,461.77 (Estimate)

This parcel features excellent development potential with Interstate frontage and close proximity to swan lake. This land also features highly productive cropland and excellent access. The old building site has no electricity and has been converted to cropland.

Parcel 14 (Otter Tail County)

Acres: 40.03 +/- (Final Acres TBD by Survey)

Legal: 40.03 +/- Acre Tract Lying South of I-94 in NW 31-132-42 (Final Legal TBD by Survey)

Crop Acres: 37.9 +/-

Taxes (2024): $1,367.04 (Estimate)

This parcel features excellent development potential with interstate and highway frontage. The land contains mostly crop acres with high productivity.

Parcel 15 (Otter Tail County)

Acres: 32.22 +/- (Final Acres TBD by Survey)

Legal: 32.22 +/- Acre Tract in SE 31-132-42 (Final Legal TBD by Survey)

Crop Acres: 25.85 +/-

Taxes (2024): $557.19 (Estimate)

This parcel features excellent development potential with both Interstate and county highway frontage. The land is currently mostly crop acres with productive soils and excellent access.

Parcel 16 (Otter Tail County)

Acres: 80.36 +/- (Final Acres TBD by Survey)

Legal: 80.36 +/- Acre Tract West of Hwy #35 in SW 14-131-42 & SE 15-131-42 (Final Legal TBD by Survey)

Crop Acres: 63.79 +/-

Taxes (2024): $1,634.29 (Estimate)

This parcel features productive soils with excellent access along Hwy. #35. It is partially tiled.

Parcel 17 (Otter Tail County)

Acres: 127.08 +/- (Final Acres TBD by Survey)

Legal: 117.64 +/- Acre Tract in SW 14-131-42 & 9.44 +/- Acre Tract in NW 23-131-42 (Final Legal TBD by Survey)

Crop Acres: 98.21 +/-

Taxes (2024): $2,957.71 (Estimate)

This parcel features productive cropland with excellent access along Hwy. #35. It is partially tiled.

Parcel 18 (Otter Tail County)

Acres: 100.57 +/-

Legal: SNW & SWNE EX 15.66 AC FOR HWYS & EX TRACT 23-131-42

Crop Acres: 85.83 +/-

Taxes (2024): $2,012.00 (Estimate)

This is highly productive cropland with an SPI of 85.7, mostly Lakepark-Parnell and Forman-Buse soils. This parcel has some tiling and was planted to corn in 2024.

Parcel 19 (Grant County)

Acres: 394.38 +/-

Legal: NE EXC 9.14 Acre Tract Lying in GL 1 & 2, NW & NSE EXC 9.52 Acre Tract 5-130-41

Crop Acres: 322.73 +/-

Taxes (2024): $9,384.00 (Estimate)

This is highly productive cropland with an SPI of 81.7, mostly Hokans-Buse, Lakepark-Parnell, and Hanghei-Barnes soils. The balance of the property is wetlands. This parcel has some tiling and was planted to corn in 2024. It is subject to a US Fish & Wildlife Easement.

Parcel 20 (Grant County)

Acres: 80 +/-

Legal: WNE 26-130-42

Crop Acres: 80.46 +/- (Exceeds Tax Deeded Acres)

Taxes (2024): $2,344.00 (Estimate)

This parcel features an SPI of 86.6 with mostly Class II Soils. It was planted to corn in 2024.

Note from previous sale of Parcel 20: Grantors reserve an undivided one-half Interest in and to all mineral rights in and to the real estate described above. Such reservation shall be perpetual. The buyer will receive 50% of all mineral rights.

Grantors reserve, in perpetuity, all hunting rights in and to the real estate described above, but Seller covenant not to exercise any such rights in a fashion such as to Interfere with Grantee's agricultural operation or to damage any crops growing thereon.

Parcel 21 (Grant County)

Acres: 150.81 +/-

Legal: SE EXC W 500 o S 800 of SWSE 26-130-42

Irrigated Crop Acres: 151.45 +/- (Exceeds Tax Deeded Acres)

Taxes (2024): $3,240.00 (Estimate)

This parcel features exceptional irrigated cropland. It was planted to corn in 2024.

Note from previous sale of Parcel 21: Grantors reserve an undivided one-half Interest in and to all mineral rights in and to the real estate described above. Such reservation shall be perpetual. The buyer will receive 50% of all mineral rights.

Grantors reserve, in perpetuity, all hunting rights In and to the real estate described above, but Seller covenant not to exercise any such rights in a fashion such as to Interfere with Grantees agricultural operation or to damage any crops growing thereon.

Parcel 22 (Grant County)

Acres: 160 +/-

Legal: SW 25-130-42

Irrigated Crop Acres: 156.8 +/-

Taxes (2024): $2,344.00 (Estimate)

This parcel features exceptional irrigated cropland. It was planted to corn in 2024.

Note from previous sale of Parcel 22: Grantors reserve an undivided one-half Interest in and to all mineral rights in and to the real estate described above. Such reservation shall be perpetual. The buyer will receive 50% of all mineral rights.

Grantors reserve, in perpetuity, all hunting rights In and to the real estate described above, but Seller covenant not to exercise any such rights in a fashion such as to Interfere with Grantees agricultural operation or to damage any crops growing thereon.

Parcel 23 (Grant County)

Acres: 142.15 +/-

Legal: NW EXC 9.8 Acres in SW & EXC 5.85 Acres in SE 36-130-42

Irrigated Crop Acres: 139.89 +/-

Taxes (2024): $2,956.00 (Estimate)

This parcel features exceptional irrigated cropland. It was planted to corn in 2024.

Note from previous sale of Parcel 23: Grantors reserve an undivided one-half Interest in and to all mineral rights in and to the real estate described above. Such reservation shall be perpetual. The buyer will receive 50% of all mineral rights.

Grantors reserve, in perpetuity, all hunting rights In and to the real estate described above, but Seller covenant not to exercise any such rights in a fashion such as to Interfere with Grantees agricultural operation or to damage any crops growing thereon.

OWNER: Gillespie Family Partnership