3-12-13 – LAND AUCTION

LAND AUCTION

          549.85 (±) Acres in Spirit Mound and Prairie Center Townships in Clay Co., SD

In order to settle the Wilfred Schmidt 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, March 12th, 2013         Sale Time 10:00 a.m.

ATTENTION BUYERS – The following farms will be sold separately, they will not be combined, and this will give the farmer or investor opportunity to buy highly productive ground that is nearly all tillable.

Farm # 1 – 70.21 (±) Acres:  This farm has 68.64 tillable acres, great eye appeal, and lays level.  According to Surety AgriData the farm has a productivity index of 85.  From Vermillion Hwy 50 & 19 – 3 N, ½ E and ¼ S 463rd
Legal Description:  S ½ of the NE ¼, except Lots C & D in the SW ¼ of the NE ¼ of Section 35, T-93-N, R-52-W, Spirit Mound Township, Clay County, SD

Farm # 2 – 80.98 (±) Acres: 
This farm has 78.45 tillable acres, lays level and according to Surety AgriData has a productivity index of 80.2.  From Vermillion Hwy 50 & 19 – 3 N and ½ E 314th St
Legal Description:  W ½ of the NW ¼ of Section 36, T-93-N, R-52-W, Spirit Mound Township, Clay County, SD

Farm # 3 – 79.94 (±) Acres: 
47.83 presently tillable acres, plus 29.7 acres in CRP at $94.91 per acre and expires in 2016, balance in building site.  The farm lays level, has rural water and is joined by tar road. According to Surety AgriData has productivity index of 79.8.  From Vermillion Hwy 50 & 464th Ave – 3 ½ N 464th Ave
Legal Description:  S ½ of Lots 1 & 2 of the NW ¼ of Section 30, T-93-N, R-51-W, Prairie Center Township, Clay County, SD 

Farm # 4 – 160.19 (±) Acres:
 153.32 presently tillable acres, plus 5.2 acres in CRP at $97.69 per acre and expires in 2016.  This farm is all tillable and according to Surety AgriData has productivity index of 77.8.  From Vermillion Hwy 50 & 464th Ave – 3 E and 7 ½ N 467th Ave
Legal Description:  SW ¼ of Section 3, T-93-N, R-51-W, Prairie Center Township, Clay County, SD

Farm # 5 – 78.49 (±) Acres: 
This improved farm has 61.57 tillable acres, balance in grass and building site,   consists of 2 converted bunker silos made into storage 40’x100’& 32’x86’; machine shed 30’x32’; converted corn crib for storage 42’x44’; and two 8,000 bushel grain bins.  The farm has a good location, rural water and is joined to the west by Hwy 19.  According to Surety AgriData has productivity index of 77.9.  From Vermillion Hwy 50 & 19 – 4 ¾ N Hwy 19
Legal Description:  N ½ of the NE ¼ of Section 23, T-93-N, R-52-W, except Lot H2, Spirit Mound Township, Clay County, SD

Farm # 6 – 80.04 (±) Acres: 
This farm has 78.53 tillable acres, lays level with great eye appeal.  From Vermillion Hwy 50 & 19 – 4 N & 2 ¼ W 313th St
Legal Description:  W ½ of the NW ¼ of Section 28, T-93-N, R-52-W, Spirit Mound Township, Clay County, SD

*According to the FSA Office these farms combined have 531.1 acres cropland with a corn base of 177.8 acres with 83 bu. Direct Yield and 112 bu. CC Yield and soybean base of 307.4 acres with 30 bu. Direct Yield and 36 bu. CC Yield.

TERMS: 
10% non-refundable earnest money deposit due on the day of the sale.  Balance due on or before May 1, 2013.  Title Insurance and Closing Fee split 50/50 between buyers and sellers and farms closed by Clay County Abstract & Title Co.  Farms sold subject to any easements or right away of restrictions and to confirmation of personal representative.  The farms are all leased for 2013 crop year with the buyer to receive $125 per tillable acre credit at closing, as this is the end of a 4 year lease.  2012 Real Estate Taxes to be paid by the Estate and 2013 Real Estate Taxes to be paid by the Buyer.  Statements and descriptions believed accurate but not guaranteed.  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.  Burlage Peterson Realty represent the seller in this transaction.
For additional information contact Auctioneers and Realtors. Come prepared to buy.  www.sdauctions.com

WILFRED SCHMIDT ESTATE – OWNER
Ernie Schmidt, Personal Representative

AUCTIONEERS & REALTORS                                                              ATTORNEY FOR ESTATE
Lenny Burlage, Jim, Scott & Bob Peterson                                                    Craig Thompson
317 4th St, Brookings, SD – 605-692-7102                                                  109 Kidder St.
www.burlagepeterson.com                                                                             Vermillion, SD
Scott Moore, Centerville, SD 605-366-8683                                                 605-624-2097