Koppen Family Farmland Auction

Live Webcast Auction

Dan Pike Auction Company

American Legion Hall 413 Main St

Lakefield, MN 56150

Date(s) 3/30/2023

3/30/2023 10:00 a.m.

Past Auction

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Bidding Notice:

Parties that do not wish to attend the auction in person can use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Buyer is responsible for understanding our multi-parcel bidding process prior to bidding. Please call at least 24 hours ahead of sale if bidding online if you have ... Show More

Auction Notice:

We are very honored to have been asked to represent the Koppen family with the sale of this property. Please come prepared to purchase as the sellers have chosen the auction method to market this property. If you are considering the purchase of farmland to add to your investment portfolio this is an auction that you will want to attend. The information contained in this sale bill and other ... Show More

Auction Information

Name	Koppen Family Farmland Auction
Auctioneer	Dan Pike Auction Company
Type	Live Webcast Auction
Date(s)	3/30/2023
Auction Date/Time Info	3/30/2023 10:00 a.m.
Checkout Date/Time	3/30/2023 11:30 a.m.
Location	American Legion Hall 413 Main St Lakefield, MN 56150
Buyer Premium	0% Buyer's Premium
Description	Sale Date: Thursday, March 30, 2023 10:00 AM Sale Location: Lakefield American Legion at 413 Main Street Lakefield, Minnesota.

Terms and Conditions

The property will be offered as 1 parcel. The Buyer shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The buyer will be granted possession for the 2023 crop year. The closing shall be held on May 1, 2023 with the balance being due and payable in full at closing. The sale will NOT be contingent upon any buyer financing. The Buyer is responsible for all real estate taxes and assessments that are due and payable in 2023 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 10.00	1.00 USD
10.01 - 50.00	2.50 USD
50.01 - 100.00	10.00 USD
100.01 - 500.00	25.00 USD
500.01 - 1,000.00	50.00 USD
1,000.01 - 10,000.00	100.00 USD
10,000.01 - 15,000.00	250.00 USD
15,000.01 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	0% Buyer's Premium
Payment Terms	USD

Shipping / Pick Up

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.