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$5,975,000   •   650.68 Acres

Peoples Company is pleased to offer 650.68 deeded acres m/l of farmland in Clay County, MN. The property is located nineteen miles north and east of Moorhead, MN. This tract features 500 tillable acres under pivot and averaging a productivity index of 39.3. The primary soil types include Lohnes coarse sandy loam, Lohnes sandy loam, Sioux sandy loam, Hecla loamy fine sand, Ulen fine sandy loam, Arveson clay loam, and Syrene sandy clay loam. These soils are suitable for corn, soybeans, edible beans, sunflowers, and small grains. The land is under a cash rent contract for the 2022 crop year. The current cash rental rate is $250 per crop acre (500 acres m/l) or $125,000 total. The farmland is irrigated by four pivots. Pivot #1 (7 towers) and pivot #3 (8 towers) are in Section 30. Pivot #2 (7 towers) is on Section 29, and pivot #4 (6 towers) is on Section 29. There are two wells that provide water to the irrigation systems. Well #147231 has a flow rate of 1682 GPM and well #147232 has a flow rate of 1001 GPM. There are also three wind turbines on the property. Each turbine provides approximately $2,000 of income annually or $6,000 total. Despite the current income-producing components of the property, there is potential for gravel and aggregate income. The seller paid for a gravel exploration report which was completed by Northern Technologies, LLC. This report shows that there is an estimated 23 million cubic yards of gravel, sand with some gravel, sand with a trace of gravel, and silty or fine sand on the property.

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Construction Status: - None -