More than 14,500 acres of farmland formerly owned by Boersen Farms will be up for sale after the properties were obtained by CHS Capital in lieu of default.
The property, now owned by CHS and managed by Farmers National Company, will be sold via sealed bids over the course of time, according to a spokesman for Farmers National who wished not to be named.
Some of the property will be leased this year, the spokesman said, “because CHS does not want to dump 14,500 acres plus all at once. We as a land management company are working to identify parcels to bring to market over a specific differential time frame to be sold off, and at the same time, protect the market against putting too much land on the market at one time.”
The spokesman said there are no current or pre-existing leases on any of the 14,500 acres owned by CHS. One of the parcels is the Boersen home farm, which contains 124 acres and “improvement assets” including grain bins, barns and a house.
“It was deeded free and clear and we have no information about lingering leases from anyone,” he said. “CHS has the deed, and within the deed, there is no contingency that allows (Boersen) from continuing” to farm the property, he said. “Boersen has no deal with CHS for redemption rights.” For more information, visit https://www.farmersnational.com/Farm_and_Ranch_Management/CHS/