5-28-13 – LAND AUCTION


150.6 (±) Acres Highly Productive Farm Spirit Mound Township, Clay County, SD

In order to settle the LeRoy L. Bierle Estate, we will offer at public auction the following Real Estate at the SD National Guard Armory, 603 Franklin St., Vermillion, South Dakota located 1 block South of Hwy 50 and HyVee intersection.

Tuesday, May 28, 2013        Sale Time 10:00 A.M.

150.6 (±) Acres:  From Vermillion, SD 6 miles North on Hwy 19, located on the west side of the road.  This highly productive all tillable unimproved farm has great eye appeal and lays level and is in a high state of cultivation.  According to the FSA Office this farm has a 74.4 acre Corn base with CC Yield of 117 bu., and 52.7 acre Soybean base with CC Yield of 34 bu.  The predominate soils are Egan-Trent-Chandler Silty Clay Loam, ideal for raising corn and soybeans.  According to Surety AgriData Inc. this farm has a high weighted average productivity index of 88.5.  This is a very good farm and here is the opportunity for the farmer or investor to purchase good tillable land in Clay County, which everyone would be proud to own.  We invite you to inspect this property at any time.

Legal Description: SW ¼ of Section 11 Except Parcel A and Except H-2, H-3, T-93-N, R-52-W, Spirit Mound Township, Clay County, South Dakota.
For additional information contact Auctioneers and Realtors or go to our website www.burlagepeterson.com.  Come prepared to buy.

TERMS:  10% non-refundable earnest money deposit due day of the sale.  Balance due on or before July 10, 2013.  Title Insurance and Closing Fee split 50/50 between buyer and seller and closed by Clay County Abstract & Title Co.  Farm sold subject to any easements or right away of restrictions and to confirmation of personal representative.  The present 127.1 tillable acres is leased for 2013 with the buyer to receive $150 per tillable acre, credit at closing which equals $19,065 and according to the FSA Office there is 19.6 acres presently in CRP until Sept. 30, 2016 at $134.86 per acre for a total of $2,643 which the new buyer will assume this contract and payment and will receive 2013 payment and thereafter.  2012 Real Estate Taxes due and payable in 2013 to be paid by Estate, 2013 and future Real Estate Taxes to be paid by Buyer.  Statements taken day of sale take precedence over all other material.  The Estate does not warranty or guarantee that the existing fences lie on the true and accurate boundary and any new fencing, if any, will be the responsibility of the purchaser, pursuant to South Dakota statues.  The Auctioneers and Realtors represent the seller in this transaction.


Margaret Bierle, Pers. Rep.

AUCTIONEERS & REALTORS                                                             ATTORNEY FOR ESTATE
Lenny Burlage, Jim and Scott Peterson                                                         Craig Thompson
317 4th St, Brookings, SD – 605-692-7102                                                 109 Kidder St.
www.burlagepeterson.com                                                                            Vermillion, SD 605-624-2097