Starting bid: $95.00
Approx 5,180 Arable Acres
6,585 Titled Acres
RM of Stanley #215
Cash Crop or Mixed Farming Operation
5 Year Lease Term
Available for rent for the 2025 growing season.
See Package Page for Specific Details
Andjelic Land will evaluate all reasonable offers and encourages any interested producers to submit a bid. We will accept the final offer after considering all aspects of the bid. Andjelic Land Inc. Reserves the right to adjust the bid close date.
This process uses proxy bidding. When using proxy bidding, an automatic increase of $1 will be added every time your bid is surpassed, up to your maximum bid.
If a bid is placed within the last 5 min of the close time, an additional 5 minutes will be added to the clock until no more bids are submitted. Please ensure to refresh your page periodically in the last 5 min to ensure you have the most up to date timer on your page.
Acres are based on SAMA arable acres, historical performance, and seeding reports, they represent a fair measure of the land available and will not be subject to changes from year to year. Property tax amounts are based on the most up-to-date information that we have and will be subject to change year over year.
| Proxy Bidding | This auction is under proxy bidding. If using Proxy bidding, you will enter your maximum bid amount and an automatic increase of $1 will be added every time your bid is surpassed, up to your maximum bid. |
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| Winning Bidder | Andjelic Land reserves the right to select the tenant regardless of the highest offered rental rate. The winning bidder will be selected based on a combination of factors and not necessarily the highest price. While rental rate is a major decision point, Andjelic evaluates many variables including agricultural practices, land stewardship, farm history, credit history, and reference checks. |
| Bid Amount | The bid amount you place is the total rate per acre for the entire package including property taxes. For example, if there are 1,000 acres listed by Andjelic Land and you bid $95, your total annual rent payment which included property tax will be $95,000 plus any annual increases in property taxes. |
| Acres | The per acre bid value submitted is for the entire package based on the acre amount posted by Andjelic. Posted acres are based on the published SAMA arable acres unless we have improved land and brought on new acres. It is your responsibility to conduct due diligence on the estimated arable acres if you believe they differ from the posted amount and bid accordingly. The number of acres will not be subject to change from year to year. |
| Lease Requirements | Carry a minimum of $5,000,000 in liability insurance and name Andjelic Land Inc. as additional insured Submit a Crop Planning Report by April 1 and a Farmland Report by November 15 annually Carry SCIC or equivalent crop insurance unless otherwise agreed GST is added to the annual rental amount Payment dates will be 50% February 15 and 50% October 15th annually |
| Property Taxes | Andjelic’s lease requires the tenant to pay both the rent for the land as well as the annual property taxes each year. The land rate is fixed in the lease but the property tax amount is subject to variation depending on what the RM invoices for the land in a given year. Please note when bidding that the property tax portion of the rent is likely to be different in each year of the lease. Please reference the information sheet provided when you registered to bid for more information. |
| Fixed Assets | If fixed assets (bins, house, shop) are listed on the package details page, they are available for rent at an additional cost. If you are interested in renting the non-land assets, please specify your interest and how much you are willing to pay on an annual basis. If you are not interested in renting the bins, you will not have access to them, and they may be removed from the land as Andjelic is improving the land. |
| Auction started | November 21, 2024 4:48 pm | ||
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