Ranch and Farm Auctions - Pittsfield, IL 62363

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