Contact for Price   •   706.86 Acres
Under Contract

Auction

Auction Details Barnes County, North Dakota Land Auction 706.86 Acres M/L (Offered in four tracts) Friday, February 9th, 2024 at 10:00 AM Auction Location: The Reserve At Woodland 3471 Woodland Park Valley City, North Dakota 58072 Seller: Gassmann Bowman Farms LLLP Auction Method: The four tracts will be offered via Public Auction and will take place at 10:00 AM at The Reserve At Woodland, 3471 Woodland Park, Valley City, North Dakota 58072. The four farmland tracts will be sold per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, two, three, 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 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: 232.36 Acres M/L Tract 2: 160 Acres M/L Tract 3: 160 Acres M/L Tract 4: 154.50 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 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 its representatives are agents of the Seller. 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 Barnes County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Barnes 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 new Buyer/s will be responsible for all of the 2024 total real estate taxes. Survey: A survey will be completed by the Seller on the small acreage site located on the northeast corner of Tract #1 and the farmland tract acres are subject to change after the survey has been completed, but prior to the auction. No additional surveying or staking will be completed by the Seller. Contact the Listing Agents for additional details. Closing: Closing will occur on or before Friday, March 22nd, 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 entire 2024 cash rent per tillable acres will be credited to the Buyer for the tillable acres on each respective tract at the time of Closing. 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. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty. 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: 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, or Seller. All bids will be on a per-acre basis. Peoples Company 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 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 Seller and Peoples Company. 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 Abstract.


Barnes County, North Dakota Farmland Auction - Mark your calendar for Friday, February 9th, 2024 at 10:00AM! Peoples Company is pleased to represent Gassmann Bowman Farms in the sale of 706.86 gross acres m/l of Barnes County, North Dakota farmland. Located directly southeast of Valley City, North Dakota, the farm will be offered as four tracts through the "Buyer Choice" Auction Method with a combined total of 641.82 FSA tillable acres carrying an overall Productivity Index of 70.5. The primary soil types consists of Barnes-Svea loams and Colvin-Borup complex that offers productive cropland suitable for any farming operation or investment-grade portfolio. The farm is leased for the 2024 croppings season and the Buyer/s will be credited the cash rent payment on each respective tract at Closing. The property is being offered in four tracts consisting of: Tract 1: 232.36 acres m/l with an estimated 184.95 FSA tillable acres carrying a Productivity Index of 81.4. Tract 2: 160 acres with 156.20 FSA tillable acres carrying a Productivity Index of 67.9. Tract 3: 160 acres with an estimated 157.92 FSA tillable acres carrying a Productivity Index of 60.5. Tract 4: 154.50 acres with an estimated 142.75 FSA tillable acres carrying a Productivity Index of 70.3. These tracts will be offered via a live Public Auction that will take place at 10:00 AM on Friday, February 9th, 2023, at The Reserve At Woodland, 3471 Woodland Park, Valley City, North Dakota. The land will be sold as four individual tracts using the "Buyer’s Choice" auction method on a price per acre basis and the high bidder can take, in any order, one or multiple tracts for their high bid. "Buyer's Choice" auctioning will continue until all four tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.


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Documents
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