ABERDEEN, S.D., Feb. 13, 2018 /PRNewswire/ -- Farmers and investors will have one of their best opportunities in quite a while to buy a large amount of quality farmland March 7, when the Steffes Group conducts the auction of 2,117 acres.
"This is a once-in-a-generation event for most farming communities east of the Missouri River. You very rarely see so much contiguous farmland coming to public auction like this," said Max Steffes, representative for the auction. "It took the Meier family more than 75 years to acquire the land that makes up this farm, and now someone can buy the entire operation in one day."
The 2,117 acres in Faulk County – including 1,972 acres of cropland -- will be offered in nine tracts ranging in size from 40 acres to 798 acres. The soils are predominantly Max-Amegard and Williams-Bowbell loam, with soil productivity ratings in the 80s. Almost all of the tracts are accessible from well-maintained section line roads.
"Besides offering great cropland, this farm also has some nice recreational aspects, with the Snake Creek running through much of it, attracting healthy deer and pheasant populations. This will be of interest not only to operators, but also to farmland investors, and it is ideal for 1031 exchanges," said Steffes.
In addition to the land, the tracts include approximately 270,000 bushels grain storage, a shop, a grainery building, a machine shed and a three-bedroom house with attached garage.
A detailed Buyer's Prospectus is available, with complete terms and conditions. Contact Max Steffes with the Steffes Group at 701-237-9173.
The live auction will begin at 11 a.m. CST on March 7 at the Dakota Event Center, 720 Lamont Street, Aberdeen, South Dakota. The auction will be webcast, with online bidding available by prior arrangement.
Steffes Group, Inc., is headquartered in Fargo, North Dakota, with additional locations in Minnesota, Iowa and South Dakota. The firm sells a wide range of assets including farmland, farm and construction equipment, large estates, and business holdings. The firm also conducts regular hay auctions and provides farm management services. Individuals interested in additional information may call 800-451-7087 or visit www.SteffesGroup.com.
For more information:
Carl Carter, 205-823-3273
SOURCE Steffes Group