10-17-13 – LAND AUCTION

LAND AUCTION

153.24 Acres of Well Located Riverview Township Moody County, SD Land
with Existing CRP and a High Percentage Cropland History

 We will offer the following real property at auction at the land located from Flandreau, SD – 2 miles west, then  7 miles north on Co. Hwy. (478th Ave.), 3 West on the Ward Road (Hwy. #4/223rd St.) and ¼ mile south on 475th Ave. or from the Ward-Nunda Exit #121 on I-29 – 2½ miles east and ¼ mile south on 475th Ave.

THURSDAY MORNING OCTOBER 17, 2013                   Sale Time: 10:00 AM

This 153.24 acre farm will be offered as a unit. This 153.24 acre farm has a well established stand of CRP on approximately 147.2 acres.  According to FSA information the existing CRP Contract #20 has approx. 147.2 acres enrolled at $110.65/Ac. with a total annual payment of $16,288.00 with the contract expiring on Sept. 30, 2018.  According to FSA information this farm has a total of approximately 147.2 acres of cropland all of which is enrolled in the existing CRP contract. According to Moody County Assessor this property has an overall soil rating of .424 and information obtained from Surety Agri-Data, Inc. indicates that this farm has a weighted productivity index of 54.9.  The general topography of this farm is level to gently rolling.  If you are in the market for land which has current CRP income, along with some excellent hunting and wildlife production habitat, while also having some future potential for conversion of significant portions of this farm to row crop production, which could provide for a combination of row crop and recreational attributes, then make plans to inspect this property and be in attendance at this auction.

LEGAL DESC.: The S½ of the NW¼ and the N½ of the SW¼, except Block 1 of Gullickson Addition in the NW ¼ SW ¼, Sec. 22, 108N., R. 49W., (Riverview Twp.), Moody County, SD.    

TERMS:  Cash – A 15% non-refundable downpayment on the day of the sale with the balance due and payable on or before Dec. 18, 2013, with immediate possession on sale day.  The seller to retain the CRP payments payable in 2013, with the buyer to receive 100% of the CRP payment with no proration, in the projected amount of $16,288.00 payable on Sept. 30, 2014. The new owner(s) will be obligated to comply with all of the remaining terms and provisions of the existing CRP contract; any penalty for noncompliance with the existing CRP contract or buyout of the existing CRP contract will be the responsibility of the new owner(s).  Marketable Title will be conveyed and an owners title insurance policy provided with the cost of the owners policy will be divided 50-50 between the buyer and seller. All of the RE taxes payable in 2013 in the amount of $1,550.40, as well as all of the 2013 RE taxes payable in 2014 to be paid by the seller.  The acres in this farm are based on the acres stated on the county tax records with the acres to be understood to be “more or less”.  The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD Law.  FSA yields, bases, payments, CRP information and other estimates are estimated and are not guaranteed and are subject to County Committee Approval.  Information contained herein is deemed to be correct but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances.  The RE licensees in this transaction stipulate that they are acting as agents for the seller.  Sold subject to confirmation of the owner.

For additional information contact the auctioneers.

CLICK LINKS BELOW FOR DETAILED MAPS:

PLAT MAP

AERIAL MAP

SOIL MAP

 DORIS FIORITA, OWNER

AUCTIONEERS & REALTORS

CHUCK SUTTON
Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

AUCTIONEERS & REALTORS
S
Jim Peterson – 605-690-2674
Lenny Burlage – 605-690-0379
Scott Peterson – 605-690-0505
Tyler Burlage – 605-695-3874

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