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Grand Forks County, ND Land Auction - 156.38± Acres - SOLD!!
Thursday, June 29 @ 12 PM
Grand Forks County, ND - Brenna TWP
Legal Description: NE ¼ EX RW EX 1.62A RD Section 7-151-51
Deeded Acres: 156.38+/-
Cropland Acres: 146.3+/-
CRP Acres: 146.3+/-
Annual Payment: $6,720.00 or $45.93/AC
Exp. Date: 9-30-2017
2016 Taxes: $1,150
CRP Note: The successful bidder will have the following options subject to the existing rules and regulations of the USDA & FSA.
1) Assume the existing CRP contract and receive the 2017 payment due payable this fall allowing the CRP contract to expire.
2) Assume the existing CRP contract and receive the 2017 payment due payable this fall. Offer the property for re-enrollment through the continuous CRP signup. Currently proposed rates are $62.91/ac on 146.3+/- acres.
3) Request the owner terminate the existing contract free of penalty and receive possession of the land free from the existing contract. Forgo receiving any CRP payment.
Auctioneer’s Note: This land is composed of desirable Bearden silty clay loam cropland which is presently enrolled in CRP. This land is in an area where many have had success with drain tile and could be a candidate for a drainage project. The buyer will receive the 2017 CRP income. Being located only 4 miles from the west edge of Grand Forks and within a mile of existing housing developments & Hwy. 2, purchasing this quarter would be a great long-term investment.