Rice Co MN 186 Acres In 1 Tract

Attached Files
Auction Flyer (PDF)

 

About This Auction

Live and Online at Ranchandfarmauctions.com

Auction Date: 08/21/26                   Auction Time: 11:00 AM CT

Auction Held At: The American Bar and Grill, 102 Elm Ave SW, Montgomery, MN 56069

 

Entire Farm Description:

Rice County farmland located in Sections 15, 16, and 22 of Erin Township. The property consists of 186.55± deeded acres with approximately 175± FSA tillable acres and a Crop Productivity Index (CPI) of 77.4.

 

The property has public road access from 115th Street West, which serves as an access road coming south off of State Highway 21. 115th Street West borders the north side of the property and functions as a no-maintenance public road. Jasper Avenue borders the west side of the property and also serves as a no-maintenance public road, providing additional access for farming equipment during harvest and planting seasons.

 

A waterway runs throughout the property and provides effective drainage for the farmland acres. The ditch system has recently been dredged to help ensure proper water flow and drainage performance across the farm. Along the ditch, there is a compliant 50-foot-wide grass buffer on each side of the waterway. There is a culvert and crossing in the northeast portion of the property for easy access to those acres east of the drainage ditch. All tile outlets along the ditch are marked with flags.

 

In addition to the tillable value, this property has multiple building eligibilities. Those eligibilities may be transferred within the township. Building rights in this area can add significant value. All building eligibility and transfer eligibility should be established with the county prior to purchase.

 

Deeded Acres: 186.55±

FSA Farmland Acres: 175±

Soil Types: Derrynane Loam, Houghton Muck, Lerdal Clay Loam, Kilkenny Clay Loam

Soil PI/NCCPI/CSR2: 77.4

CRP Acres/Payment: None

Taxes: $9,956

Lease Status: Open Tenancy for 2027 crop year

Possession: At the end of the 2026 crop year

Survey Needed?: No survey needed

Brief Legal: Pt W ½ SW ¼ S15, E ½ SE ¼ S16 and NW ¼ NW ¼ S22 T11N R22W Rice Co MN

PIDs: 05.22.2.25.001 and 05.15.3.50.001 and 05.16.4.00.001

Lat/Lon: 44.4142 -93.4811

Zip Code: 56069

 

Terms of Sale

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

SALE DAY NOTES INFO:

BUYERS PREMIUM: No buyer's premium or internet fees

TAXES: 2026 taxes are paid by the seller

TENANCY: Open tenancy for 2027

RENTS: 100% of the Rent to be retained by the seller for 2026

MINERALS: Seller-owned rights will convey

CLOSING COSTS: Seller to pay for a title commitment. Buyer to pay title insurance premiums 

 

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (40316821)

Jeff Evans, Minnesota Broker, License # 40316820

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Bryce McVicker, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 507.430.8518