Baumgart Trust – +/-891.62 Acres of Hutchinson & Douglas Co., SD Land
March 25, 2022 @ 10:00 am
LAND AUCTION
Extraordinary Offering of +/-891.62 Surveyed Acres of Productive Hutchinson & Douglas County South Dakota Land – Including 2 Parcels of Highly Productive Susquehanna & 3 Parcels of Starr Township Hutchinson County, SD Land and 2 Parcels of Highly Productive Washington & Lincoln Township Douglas County, SD Land
We will offer ALL of the Following Parcels of Land at public auction with the auction of all farms to be held at the Auction Site situated in the NE Corner of Parkston, SD at “The City Gravel Lot” – Located from the Jct. of Highways #37 & Glynn Drive (275th St.) in Parkston, SD – 7/8ths mile east on Glynn Dr. (275th St.); or from the Cemetery Corner on the South side of Parkston, SD at the Jct. of Highways #44 & Chapman Dr. (411th Ave.) – 1 mile north on Chapman Drive and approx. 1 block west on Glynn St. (275th St.).
FRIDAY MARCH 25, 2022 SALE TIME: 10:00 AM
AUCTIONEER’S NOTE: ATTENTION – Row Crop Operators, Crop-Livestock Operators, Investors & Others in the Market for Land! Auctions of this magnitude are “Rare” in Eastern South Dakota, in the locale of this land in Hutchinson & Douglas County, SD, which is a highly regarded agricultural area where land is tightly held and in a locale where land is not available with much frequency. The majority of this land has high percentages tillable and extremely high soil productivity ratings. This land will be offered as individual farms and in specific combinations of parcels, in a manner to allow both large and small operators to participate in this auction – with the largest combinations offered being +/-197.27 acres. This land has been long held by the Joseph Baumgart Trust for over 40 years, thus this auction presents a “Once in a Lifetime Opportunity” to Purchase this Land. ALL OF THESE PROPERTIES WILL BE SOLD SUBJECT TO EXISTING FARM LEASES FOR 2022
This Land will be Offered Individually as Farm #1, Farm #2, Farm #3, Farm #4, Farm #5, Farm #6 and #7 Individually and Farm #6 will be Offered as Tr. 6A – +/-78.96 Acres (E½ NE¼); Tr. 6B – +/- 118.31 Acres (W½ NE¼ & NW¼ SE¼) or as Tracts 6A & 6B Combined – The +/- 197.27 Acre Unit.
FARM #1: +/-146.13 Surveyed Acres – Located from Parkston, SD – 5 ½ miles west on Hwy. #44 with the Northwest Corner of FARM #1 at the Jct. of Highway 44/276th St. & 404th Ave. at the Hutchinson/Douglas County, SD Line; or from Delmont, SD – 8 miles north on 402nd Ave. and 2 miles east on Hwy. #44. To the NW Corner of the land at the Jct. of Hwy. #44 & 404th Ave.LEGAL DESC.: The NW ¼ of Sec. 19, T. 99N., R. 61W., Susquehanna Twp., Hutchinson County, SD.
Farm #1 is bordered on the north by Hwy. 44/276th St. Ave. and on the west by 404th Ave. (the Hutchinson/Douglas County Line). This +/-146.13 acre parcel of land will be offered as an individual parcel. According to the FSA 156EZ this farm has +/- 142.56 acres of Farmland with approx. +/-142.56 acres of cropland, with the non-tillable acres comprised primarily of a small waterway and roads. FSA has this parcel identified as Tract #173 of Farm #7367 which has approx. 142.56 acres of cropland with a 77.59 acre corn base with a 131 bu. PLC yield and a 64.13 acre soybean base with a 42 bu. PLC yield, with this parcel enrolled under the ARC Individual Election for corn and soybeans in the USDA farm program. This farm has a high percentage tillable with the general topography of this farm being level to nearly level. According to information obtained from the Hutchinson Co. Assessor this farm has a very respectable Overall Soil Rating of .806; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 80. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 142.56 acres for a total of $28,512.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $2,122.70.
FARM #2: +/-155.69 Surveyed Acres – Located from the NW Corner of Farm #1 – 1 mile east on Hwy. #44 and 2 miles north on 405th Ave. to the NW Corner of the FARM #2 at the Jct. of 274th St. & 405th Ave.; or from Parkston, SD – 5 miles west on Hwy. #44 and 1½ miles north on 405th Ave. to the SW Corner of the land.LEGAL DESC.: The NW¼ of Sec. 8, T. 99N., R. 61W., Susquehanna Twp., Hutchinson County, SD.
Farm #2 is bordered on the north by 274th St. & 405th Ave. This +/-155.69 acre parcel of land will be offered as an individual parcel. This is a choice parcel of land with a very high percentage tillable and a level to gently rolling topography. FSA has this parcel identified as Tract #133 of Farm #1431 and from a review of the FSA 156EZ on this farm it has approx. 151.44 acres of farmland with 151.44 acres of cropland, with the non-tillable acres comprised primarily of a small grassed waterway (Dry Creek) and roadways, with an FSA 75.2 acre corn base with a 119 bu. PLC yield and a 75.3 acre soybean base with a 40 bu. PLC yield and is enrolled under the ARC County Election for corn and soybeans in the USDA farm program. According to information obtained from the Hutchinson Co. Assessor this farm has a very respectable Overall Soil Rating of .841; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 83.7. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 151.44 acres for a total of $30,288.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $2,493.20.
FARM #3: +/-81.06 Surveyed Acres – Located from the NW Corner of Farm #1 – 1 mile east on Hwy. #44, 5 miles north on 405th Ave. and 1 mile East on 271st St. to the SE Corner of FARM #3 at the Jct. 271st St. & 406th Ave.; from Parkston, SD – 5 miles north on Hwy. #37 to the Dimock, SD Corner, then 4 miles west on 270th St. and 1 mile south on 406th Ave. to the SE Corner of the land.– LEGAL DESC.: S½ SE¼ of Sec. 20, T. 100N., R. 61W, (Starr Twp.), Hutchinson County, SD
Farm #3 is bordered on the east by 406th Ave, and on the south by 271st St. FSA has this parcel identified as Tract #13 of Farm #1314 and from a review of the FSA 156EZ on this farm it has approx. 79.19 acres of farmland with 75.54 acres of cropland, with the non-tillable acres comprised primarily of a small circle of trees that provides a small area of hunting habitat, drainage and roadways, with an FSA 37.83 acre corn base with a 131 bu. PLC yield and a 37.67 acre soybean base with a 43 bu. PLC yield and is enrolled under the ARC County Election for corn and soybeans in the USDA farm program. According to information obtained from the Hutchinson Co. Assessor this farm has a respectable Overall Soil Rating of .779; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 71.9. This farm has a level to gently rolling topography. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 75.53 acres for a total of $15,106.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $1,112.90.
FARM #4: +/-80.37 Surveyed Acres – Located from the NW Corner of Farm #1 – 1 mile east on Hwy. #44, 5 miles north on 405th Ave. and 1 mile East on 271st St. to the SE Corner of Farm #3, then 1 mile south on 406th Ave. to the SE Corner of FARM #4 at the Jct. 272nd St. & 406th Ave.; from Parkston, SD – 5 miles north on Hwy. #37 to the Dimock, SD Corner, then 4 miles west on 270th St. and 2 miles south on 406th Ave. to the SE Corner of the land.– LEGAL DESC.: E½ SE¼ of Sec. 29, T. 100N., R. 61W, (Starr Twp.), Hutchinson County, SD
Farm #4 is bordered on the east by 406th Ave, and on the south by 272nd St. FSA has this parcel identified as Tract #7 of Farm #1309 and from a review of the FSA 156EZ on this farm it has approx. 79.28 acres of farmland with 79.28 acres of cropland, with an FSA 56.5 acre corn base with a 145 bu. PLC yield and a 22.70 acre soybean base with a 41 bu. PLC yield and is enrolled under the ARC County Election for corn and soybeans in the USDA farm program. According to information obtained from the Hutchinson Co. Assessor this farm has a very high Overall Soil Rating of .869; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 86.6. It is noteworthy that this farm has an extremely high productivity index, a high percentage tillable, a high percentage corn base and has great eye appeal with a level to nearly level topography. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 79.28 acres for a total of $15,856.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $1,393.10.
FARM #5: +/-73.93 Surveyed Acres – Located from the NW Corner of Farm #1 – 1 mile east on Hwy. #44, 5 miles north on 405th Ave. and 1 mile East on 271st St. to the SE Corner of Farm #3, then 1 mile south on 406th Ave. to the SE Corner of Farm #4 at the Jct. 272nd St. & 406th Ave., then ¼ mile east on 272nd St. to the NW Corner of FARM #5 (Farm #5 is situated between 406th & 407th St. on 272nd St.); from Parkston, SD – 5 miles north on Hwy. #37 to the Dimock, SD Corner, then 4 miles west on 270th St. and 2 miles south on 406th Ave. and ¼ mile east on 272nd St. to the NW Corner of the land.– LEGAL DESC.: NE¼ NW¼ and the NW¼ NE¼ of Sec. 33, T. 100N., R. 61W, (Starr Twp.), Hutchinson County, SD
Farm #5 will be Offered as an Individual Parcel and is an inside +/-73.93 acre parcel that is bordered on the north by 272nd St. FSA has this parcel identified as Tract #8 of Farm #1309 and from a review of the FSA 156EZ on this farm it has approx. 72.22 acres of farmland with 72.22 acres of cropland, with an FSA 49.9 acre corn base with a 145 bu. PLC yield and a 20.10 acre soybean base with a 41 bu. PLC yield and is enrolled under the ARC County Election for corn and soybeans in the USDA farm program. According to information obtained from the Hutchinson Co. Assessor this farm has a very high Overall Soil Rating of .839; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 83.2. It is noteworthy that this farm has a very high productivity index, a high percentage tillable, a high percentage corn base and has great eye appeal with a level to nearly level topography. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 72.22 acres for a total of $14,444.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $1,280.00.
FARM #6: +/-197.27 Surveyed Acres – Located from Farm #1 – 4 miles north on 404th Ave. to the NE Corner of FARM #6 at the Jct. 404th Ave. and 272nd St.; from Parkston, SD – 6 miles west on Hwy. #44 and 4 miles north on 404th Ave. – LEGAL DESC.: The E½ NE¼ and the W½ NE¼ and the NW¼ SE¼ of Sec. 36, T. 100N., R. 62W, (Washington Twp.), Douglas County, SD.
FARM #6 will be Offered as Tr. 6A – +/- 78.96 Acres (E½ NE¼); Tr. 6B – +/- 118.31 Acres (W½ NE¼ & NW¼ SE¼) or as Tracts 6A & 6B Combined – The +/- 197.27 Acre Unit. Farm #6 has very good eye appeal and a very high percentage tillable. FSA has this parcel identified as Tract #1144 of Farm #868 and from a review of the FSA 156EZ on this farm it has approx. 193.28 acres of farmland with 193.28 acres of cropland, with an FSA 97.08 acre corn base with a 138 bu. PLC yield and a 96.20 acre soybean base with a 45 bu. PLC yield and is enrolled under the ARC Individual Election for corn and soybeans in the USDA farm program. According to information obtained from the Douglas Co. Assessor this farm has a respectable Overall Soil Rating on the NE¼ of .832 & on the NW¼ SE¼ of .807; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm as a unit has a weighted productivity index of 82.4. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $200.00 per acre on 193.28 acres for a total of $38,656.00, or if sold in 2 parcel the buyer to receive their prorated share of the rent, which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on the NE¼ are $3,093.30 and on the NW¼ SE¼ are $754.26 – a combined total of $3,847.56.
FARM #7: +/-157.17 Surveyed Acres – Located from Farm #1 – 2 miles west on Hwy. #44 to the Delmont Hwy. (402nd Ave), then 2 miles south on 402nd Ave. and ½ mile west on 278th St. to the SE Corner of the land; from Parkston, SD – 8 miles west on Hwy. #44, 2 miles south on 402nd Ave. and 1 mile west on 278th St. to the SW Corner of the FARM #7 at the Jct. of 401st Ave. & 278th St.; from Delmont, SD – 6 miles north on 402nd Ave. and ½ mile west on 278th St. to the SE Corner of the land. – LEGAL DESC.: The SW¼ of Sec. 27, T. 99N., R. 62W, (Lincoln Twp.), Douglas County, SD.
FARM #7 will be Offered as a Unit. Farm #7 has a relatively high percentage tillable and is bordered on the south by 278th St and on the West by a Non-Existent Road which would have been 401st Ave. FSA has this parcel identified as Tract #41186 of Farm #7367 and from a review of the FSA 156EZ on this farm it has approx. 153.59 acres of farmland with 153.59 acres of cropland, with an FSA 83.59 acre corn base with a 131 bu. PLC yield and a 69.09 acre soybean base with a 42 bu. PLC yield and is enrolled under the ARC Individual Election for corn and soybeans in the USDA farm program. According to information obtained from the Douglas Co. Assessor this farm has a respectable Overall Soil Rating of .742; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of 75.1. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $175.00 per acre on 147.80 acres for a total of $25,865.00 which will be credited to the buyer at closing. The 2021 RE taxes payable in 2022 on this land are $2,906.68.
TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before May 20, 2022 with landlord’s possession subject to the existing farm leases in place for the 2022 crop year, although in accordance with the leases purchasers may be allowed Fall possession for tillage subsequent to the harvest of the 2022 crops, although the lessee’s shall have ownership and rights to harvest said crops after the expiration of the lease, in the event that weather or other conditions should hinder the harvest of those crops. The total amount of the 2022 cash rents will be credited to the buyer at closing. Marketable title will be conveyed by Trustees Deeds and owner’s title insurance policies will be provided, with the cost of both the owner’s policy and closing agents fees (Braley Law Office Prof., LLC ) divided 50-50 between the buyer and seller. All of the 2021 RE taxes payable in 2022 will be paid by the trust with the buyer(s) to pay 100% of the 2022 RE taxes payable in 2023. All of these properties are sold in accordance with recent surveys as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA cropland, yields, bases & other information is estimated and 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 in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Hutchinson and Douglas County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the agent for the owners. Please mark your calendars and plan to attend this momentous auction. These properties may be inspected on you own at your convenience. If you are unable to attend the auction and need to make arrangements to bid absentee, then contact the auctioneers prior to sale day to make arrangements.
JOSEPH BAUMGART TRUST
Robert Bormann – ph. 605-505-0695 & Paul Bormann – 605-770-4238 – Co-Trustees – Braley Law Office Prof., LLC – Attorneys & Closing Agents for the Trust– Parkston, SD – ph. 605-928-7958
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
JARED SUTTON – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527
& TERRY HAIAR – RE Auctioneer – Alexandria, SD – ph. 605-239-4626