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RENTAL AUCTION EVENT CLOSING MAR 16TH (Closed #387862)

This Auction Uses Proxy Bidding.
Ended

For Rent 968 Acre Grain Land RM No 71

  • Sold Winning Bid: $97.00
  • 40 Bid(s) Reserve Price Met View Bid History
  • High Bidder: GMACK
Details
  • Major Use Grain Land
  • RM Name RM of Excel West No 71
  • RM Number 71
  • Legal Descriptions NE 19-06-27 W2, NW 29-06-27 W2, SW 30-06-27 W2, SE 30-06-27 W2, PTN SE 31-06-27 W2, NE 32-06-27 W2, SE 32-06-27 W2
  • Lease Type Cash Rent
  • Property Taxes 0
  • Desired Length of Lease 5
  • Lease Start Date Wednesday, April 10, 2024
  • Total Land Area in Acre 968
  • Bins Included none
  • Outbuildings Included none
  • Crop Rotation 2023 crop was wheat and lentil
  • Nearest Town Verwood SK
  • Directions see marks on map
  • Map URL https://www.google.com/maps/d/embed?mid=1xto0Y2WqdpUbVNBuqBXedXeCtmmhGAQ&ehbc=2E312F
  • Tags farm land for rent, farmland for rent, grain land for rent, crop land for rent, rm of Excel, RM no71

  • Lot # 01
  • System ID # 388042
  • End Date
  • Start Date
Description

Located on east side of Verwood SK. 819 cultivated acres (711 acre are in grain, 108 acres are in hay ). Soil class are H and J.  Average assessment / 160 acre:     $156,430.  Average assessment / culti acre:     $1,156.   2023 crops were wheat and lentil. Land is flat with none to  little stone.  
 

Lease Terms:
1, Bid is the rental per acre per year. Annual rent will be winning bid times 819 acres (not actual seedable acres). It is bidder's responsivity to find out how many acres that are suitable for grain production before they bid.
2,  Lease will start  from April 10th of 2024 .
3, 3 to 5 year lease, selected bidder's choice.
4, Two Payments per year. 50% in April, and balance in Nov.
5, Winning bidder will not necessarily be accepted as tenant, Subject to review & approval of Winning Bidder's Renter Profile. Bidder selection process will follow the close of the auction.
6, Cultivated acre is as per SAMA sheets. It is bidder's responsibility to  find out the number of acres that are suitable for grain production.
7, part of SW 30-06-27 W2 is in Hay, tenant has to break hay acres up and grain farm it.

Please be advised  that ExtrAcre Farmland Inc is conducting lease auction on behalf of the purchaser under a Contract of Purchase and Sale of the above land. 

 

Property Info:

Legal Desc   Assessment   Soil   Culti Acres   Total acres
NE 19-06-27 W2 169,000 J 118 159.34
NW 29-06-27 W2 114,800 H 78 134
SW 30-06-27 W2 139,600 J 155 159.64
SE 30-06-27 W2 154,400 H 155 160.09
SE 31-06-27 W2 40,300 J 40 38.45
NE 32-06-27 W2 137,700 H 118 157.32
SE 32-06-27 W2 190,600 J 155 159.72
Total 946,400   819 968.56

 

Frequently asked questions by bidders:

Q:  This listing is saysing 711 acres that are currently in grain production, where are these 711 acres located?

NE 19-06-27 – 120 acres cultivated, rest is pasture

SE 30-06-27 – 153 acres cultivated, 7 acres grass on the east side

SW 30-06-27 – 52 acres cultivated, the rest of that quarter is yard and hay

NE 32-06-27 – 112 acres cultivated

SE 32-06-27 – 154 acres cultivated

NW 29-06-27 – 80 acres cultivated, rest is pasture

SE 31-06-27 – 40 acres cultivated, rest is town of Verwood and pasture

 Totalling 711 acres.

 

For inquiries, please contact: 

Robin Liu 306-690-6786, auctioneer
ExtrAcre Farmland Inc.
Auction License: #507581
2- 1945 Hamilton St, Regina, SK S4P 2C7

Auction Terms and Conditions:
WARNING - PLEASE READ THIS CAREFULLY BEFORE BIDDING!
See individual lot for exact bidding starting and closing times.
Extended Bidding is effective. Check event details for Auto Extend Increment.
You cannot change or remove bids once you submit them. Bidders should review the lot description as well as their bid amounts. However, higher bidders can change their Maximum Bid down to the current price of their lot. 

Questions & Answers
Q: Have any soil samples been taken on these fields for last fall? Was anything sprayed on these fields last fall? posted by: ADMIN_ExtrAcre 3/14/2024 2:44 PM CTC
A: Sorry I do not have this info. Will ask previous owner
Q: This listing is saying 711 acres that are current in grain production. Where are these 711 grain acres ? posted by: ADMIN_ExtrAcre 3/14/2024 2:34 PM CTC
A: NE 19-06-27 – 120 acres SE 30-06-27 – 153 acres SW 30-06-27 – 52 acres NE 32-06-27 – 112 acres SE 32-06-27 – 154 acres NW 29-06-27 – 80 acres SE 31-06-27 – 40 acres