Online Only!

Land Auction

400 Acres
Duane and Janet Reed LE

Online Bidding Opens:

Thursday, October 24, 2024 10:00 am (CDT)

Online Bidding Closes:

Wednesday, October 30, 11:00 am (CDT)

Bidding Open!

Auctioneer overview

This online land auction contains 400 +/- deeded acres being sold as two parcels.  The property is located 2 miles northwest of Cando, ND in Olson Township, Towner County, ND. The property features 358.56 FSA cropland acres with 340.30 +/- acres currently enrolled in CRP.  The CRP contract can be cancelled without penalty if the buyer so desires. This property features rolling typography, good access, excellent recreational hunting and it is not under a cropping contract in 2025.

property details

Reed Driving Map

Auction Terms

*Property will be sold as two (2) parcels.
*The 2024 real estate taxes will be paid by the sellers.
*The 2024 CRP payment will be retained by the sellers.
*All owned minerals will be transferred to the buyer(s).
*Cash at close, December 12, 2024.
* 10% earnest money due sale day.

Agent Information

Amy Nikolaisen
Amy Nikolaisen

Amy Nikolaisen

Auctioneer, Broker, Realtor

Direct: (701) 968-4455
Cell: (701) 303-0392
amy@niklandco.com

Amy Nikolaisen

Auctioneer, Broker, Realtor

Direct: (701) 968-4455
Cell: (701) 303-0392
amy@niklandco.com
Tom Nikolaisen

Tom Nikolaisen, Jr.

Auctioneer, Attorney, Realtor

Direct: (701) 968-4455
Cell: (701) 303-0395
tom@niklandco.com
Tom Nikolaisen

Tom Nikolaisen, Jr.

Auctioneer, Attorney, Realtor

Direct: (701) 968-4455
Cell: (701) 303-0395
tom@niklandco.com

Parcel Information

Parcel 1

Legal: W 1/2 NW 1/4 of Section 12, T158N, R67W (Olson Twp), Towner Co, ND

2023 Real Estate Taxes:  $428.78

Deeded Acres:  80 +/-

FSA Cropland Acres:  358.56 acres (combined with Parcel 2)

Base Acres & PLC Yields:  Wheat 17 ac, 25 bu (combined with Parcel 2)

CRP Contract Details:  CP37, Expires 9/30/2028, Acres for Enrollment: 340.30 acres @ $47.15/ acre = $16,045 annual contract payment

CCC-505 CRP Reduction Acres:  241.00

*FSA will have the final determination on prorating the base acres and yields.

Reed FSA Soils P1
Parcel 2

Legal: N 1/2 of Section 11, T158N, R67W (Olson Twp), Towner Co, ND

2023 Real Estate Taxes:  $1,621.15

Deeded Acres:  320 +/-

FSA Cropland Acres:  358.56 acres (combined with Parcel 1)

Base Acres & PLC Yields:  Wheat 17 ac, 25 bu (combined with Parcel 1)

CRP Contract Details:  CP37, Expires 9/30/2028, Acres for Enrollment: 340.30 acres @ $47.15/ acre = $16,045 annual contract payment

CCC-505 CRP Reduction Acres:  241.00

*FSA will have the final determination on prorating the base acres and yields.

Reed Auction FSA Soils P2

Interactive Map

Buyers are urged to inspect the property. Property is being sold AS-IS, WHERE IS. Announcements made sale day take precedence over all printed materials. 
This auction is managed by Nikolaisen Land Company, Amy Nikolaisen, ND #951 – Tom Nikolaisen, ND #2038. Seller reserves right to accept or reject any and all offers.