LINCOLN COUNTY, SD LAND AUCTION

Offering 100 Acres of Very Choice and Productive LaValley Twp.,

Lincoln County, SD Farmland

The following 100 acres will be offered at Public Auction located at the jcts. of 473^rd Avenue and 277^th Street; or from Harrisburg SD, 1/2 mile west, 4 miles south on C Rd 115 (Minnesota Ave.), then 3/4 mile west on 277^th St.; or from Worthing SD, 1/2 mile east, then 3 miles north on473rd Ave.; or from Sioux Falls SD, approx. 7 miles south on Western Ave. (473^rd Ave.)

WEDNESDAY, SEPTEMBER 10^TH, 2008 10:00AM

This is truly one of the premier farms of the area which has had excellent crop production throughout it’s history. The topography is level to sloping downward in a northerly direction with the primary soils consisting of Wentworth-Chancellor silty clay loam and Egan-Shindler complex along with other incidental soils which when combined have a .817 land rating. According to FSA information, there is 96.7 acres of cropland making this farm virtually all tillable with the exception of a dugout area and road right of ways. There presently is a 46.1 acre corn base with both 83 bushel Direct and Counter-cyclical yields and a 36.3 acre soybean base with both 30 bu. yields respectively. This land has been in a crop rotation and been well maintained for many years. This farm offers a great opportunity for expansion of an existing farm operation or great investment opportunity. There are 2 rural housing eligibilities included with this land. Make plans to inspect this property, contact the auctioneers and then attend this land auction.

Legal Desc: West 1/2 of Southwest 1/4, and West 1/2 of East 1/2 of Southwest 1/4, Section 22, Township 99, Range 50 (LaValley Twp.), Lincoln County, SD

Terms: A 15% non-refundable earnest money payment due day of sale with the balance due on or before December 12^th, 2008 with full possession. A warranty deed and Owner’s title insurance policy will be provided with the cost of the policy and the closing agent’s fee (Lincoln County Title) split 50/50 between the buyer(s) and sellers. The 2007 RE taxes in the amount of $2,274.28 and the 2008 taxes paid by the sellers. The property is being sold by the acre according to the County tax records and subject to any existing easements, restrictions, reservations or highways of record, if any. Property sold in “AS IS condition. The RE Licensees are acting solely as agents for the sellers. Sold subject to confirmation of the sellers.

KAREN WAGGONER, DONNA SIGURDSON

& MARY SIGURDSON, OWNERS

Tom Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 987-2404

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