LAND AUCTION

160 ACRES LYMAN COUNTY, SD - PRESHO AREA

As we are dissolving our land corporation we will offer the following real property on . . .

Monday, February 13, 2012 10:00 A.M.

Located from Hwy. 16 & Presho Main St. Jct. - 5 1/2 miles north on 305th Ave., 2 miles west on 236th St., 1/2 mile north on 303rd Ave.to the SW corner. In case of inclement weather, sale will be held at Hutch's Cafe & Lounge.

Legal Description: N.W. 1/4 17-106-77 Lyman Co., SD consisting of 160 acres M/L.

According to FSA information this parcel has 112.1 acres of tillable farmland with the balance in native grass hayland. The topography is level to gently rolling on farmland acres and rolling to hilly on hayland acres. This parcel carries a 53.6 acre wheat base with a 27 bu. direct & c.c. yield, a 16.7 acre sunflower base with a 1,096 lb. direct & c.c. yield, a 11.5 acre sorghum base with a 42 bu. direct & c.c. yield, and a 1.8 acre oat base with a 34 bu. direct & c.c. yield. The majority soil type on the tillable farmland acres is Millboro Silty Clay with a soil rating of .735. The hayland acres consist of lesser value soils of Lakoma Silty Clay and Opal-Sansarc Clay. $660.26 are the current taxes. This unimproved quarter of land would make a nice addition to an existing wheat or row crop operation, an existing cow-calf operation, an addition to a hunting or refuge operation, or just a good solid investment for land in Lyman County.

Terms: Cash Sale - 15% non-refundable payment day of sale with the balance due & payable on or before March 15, 2012. New buyer will compensate tenant for fall tillage on 57 acres at 15.00 per acre or $855.00. 56 acres of planted winter wheat, at buyers option can be purchased at terms agreeable to both tenant and buyer or new buyer can elect to receive 1/3 landlords share of wheat harvest. 2011 real estate taxes due in 2012 to be paid by the sellers. A warranty deed will be conveyed and owners title insurance provided with the cost split equally between buyer and seller. Information contained herein is deemed to be correct but is not guaranteed. R.E. Auctioneers & Brokers in this transaction stipulate that they are acting as agents for the seller. Property is sold subject to any existing easements or highways of record as well as any county zoning ordinances. Sold subject to confirmation of the owners. For further information contact the auctioneers or brokers.

Owners:

Al Johnson - Fred Johnson - Frank Johnson

Terry Haiar - Real Estate Auctioneer – Alexandria, SD - 605-234-4626

Chuck Sutton - Auctioneer & Land Broker – Sioux Falls, SD - 605-336-6315

Mark Joens - Century 21-Fischer-Rounds & Assoc. Broker -

Pierre, SD - 605-224-9223