*NEW* RM 254 – Loreburn – 2Q – Irrigated Land

Winning Bid: $237.00

Irrigated Land
310 Acres in RM of Loreburn
Cash Crop
5 Year Lease Term

Half section available for rent west of Loreburn, near the South Saskatchewan River. 266.5 acres of irrigated land with brand-new equipment for the 2023 season. Additional 43.5 dry acres are included in this package. Please see description for information on splitting bidding rates between dry and irrigated land. Average rental rate per irrigated acre in area: $175 – $250

Available for rent for the 2023 growing season.

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.

Please ensure you always refresh your browser each time you view bid values or place a new bid to ensure you have the most up to date price information.

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.

Category: Proxy masking
N*******n - $237.00

Description

Parcel & Crop Information - Loreburn 2Q

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.

Bidding Rate Information:

Bid amount rate/acre is based off 310 arable acres (266.5 Wet + 43.5 Dry Acres). When placing a bid, please make sure to calculate your weighted average between the wet and dry rate you are willing to pay.

For example, if you are looking to bid $200 on the 266.5 wet acres ($53,300 annually) and $80 on the 43.5 dry acres ($3,480 annually), your total annual bid would be $56,780 ($53,300+$3,480) divided by 310 total acres for a weighed rate/acre bid of $183.

See below for the calculation:

Bidding Rate Example

Irrigation Information:

Irrigation equipment being operational by spring of 2023 is subject to consultants completing approved work and is outside of Andjelic Land’s control. In the event the irrigation equipment is not operational by the 2023 crop year, the land will be rented as dry land for a 1-year lease term.

NE Irrigation info

SE Irrigation Info

Additional information

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.

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.

Total Bids Placed:

Auction has expired

Highest bidder was: n*******n

Bidder Name Bidding Time Bid Auto
n*******n December 2, 2022 12:09 pm $237.00 Auto
b**********s December 2, 2022 12:09 pm $236.00
n*******n December 2, 2022 12:00 pm $235.00 Auto
b**********s December 2, 2022 12:00 pm $234.00
n*******n December 2, 2022 11:58 am $233.00 Auto
b**********s December 2, 2022 11:58 am $232.00
n*******n December 2, 2022 11:55 am $230.00 Auto
n*******n December 2, 2022 11:54 am $226.00 Auto
h************y December 2, 2022 11:54 am $225.00
n*******n December 2, 2022 11:44 am $224.00 Auto
h****n December 2, 2022 11:44 am $223.00
n*******n December 2, 2022 11:33 am $222.00
b**********s December 2, 2022 11:28 am $221.00
n*******n December 2, 2022 11:28 am $220.00 Auto
n*******n December 2, 2022 11:27 am $215.00 Auto
b**********s December 2, 2022 11:27 am $214.00
n*******n December 2, 2022 9:54 am $213.00
h****n December 2, 2022 8:45 am $212.00
a*****a December 2, 2022 8:44 am $211.00
h****n December 2, 2022 8:26 am $210.00 Auto
h****n December 2, 2022 8:19 am $206.00
n*******n December 2, 2022 8:17 am $205.00 Auto
n*******n November 30, 2022 5:12 pm $201.00 Auto
j*******s November 30, 2022 5:12 pm $200.00
n*******n November 30, 2022 5:08 pm $197.00
j*******s November 30, 2022 4:52 pm $196.00
r********3 November 30, 2022 4:51 pm $195.00 Auto
r********3 November 30, 2022 4:46 pm $193.00 Auto
j******n November 30, 2022 4:46 pm $192.00
r********3 November 30, 2022 3:41 pm $191.00
n*********s November 30, 2022 3:41 pm $190.00 Auto
n*********s November 30, 2022 11:03 am $186.00
n*******n November 30, 2022 11:03 am $185.00 Auto
n*******n November 29, 2022 5:52 pm $183.00 Auto
j******n November 29, 2022 5:52 pm $182.00
n*******n November 28, 2022 6:07 pm $181.00
j*******s November 28, 2022 6:07 pm $180.00 Auto
j*******s November 28, 2022 6:05 pm $176.00 Auto
n*******n November 28, 2022 6:05 pm $175.00
j*******s November 28, 2022 3:52 pm $166.00
n*******n November 28, 2022 3:52 pm $165.00 Auto
n*******n November 28, 2022 3:49 pm $159.00 Auto
j*******s November 28, 2022 3:49 pm $158.00
n*******n November 21, 2022 4:40 pm $157.00
a*****a November 21, 2022 4:19 pm $156.00
n*******n November 14, 2022 2:38 pm $155.00 Auto
n*******n November 12, 2022 12:45 pm $151.00
n*********s November 12, 2022 12:44 pm $150.00 Auto
n*********s November 11, 2022 2:51 pm $132.00 Auto
j******n November 11, 2022 2:51 pm $131.00
n*********s November 9, 2022 10:10 am $130.00
Auction started November 4, 2022 3:24 pm

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