Dailey Trust – +/-154.45 Acres of Lone Rock Twp., Moody Co., SD Land
April 6, 2022 @ 10:00 am
ESTATE LAND AUCTION
+/-154.45 Acres of High Producing Well-Located Lone Rock Township, Moody County, SD Land– Situated in the Garden Spot of Eastern South Dakota
We will offer the following real property at auction at the land located from Flandreau, SD – 3 miles south on Hwy. #13 (481st Ave.), 5 miles east on Hwy. #34 and 3 miles south on 486th Ave., then ½ mile west on 236th St. to the NE corner of the land; from the Madison-Colman, SD Exit #109 on I-29 – 13 ½ miles east on Hwy. #34 and 3 miles south on 486th Ave., then ½ mile west on 236th St.; from Pipestone, MN – 7 miles west on MN Hwy. #30 to the SD/MN State Line, then continue 1 ½ miles west on SD Hwy. #34 and 3 miles south on 486th Ave, then ½ mile west on 236th St.
WEDNESDAY APRIL 6, 2022 Sale Time: 10:00 AM
AUCTIONEERS NOTE: This auction awards an opportunity to purchase a parcel of High Caliber, Productive Lone Rock Township, Moody County, SD land with highly productive soils that is situated in the “Garden Spot” of Eastern SD. This auction presents an opportunity to purchase land that has been owned by the Dailey Family for over 60 years, thus this auction presents an opportunity of a lifetime to purchase this land. This auction includes choice land with superb soils located in one of the most highly regarded agricultural areas of Eastern SD. If you are in the market for land as an addition to a row crop farming operation or as an investment, you will want to inspect this property and make plans to be in attendance at this auction.
This land will be sold subject to a 2022 Farm Lease. Purchaser will receive landlord’s possession for the 2022 crop year subject to the tenant’s rights to harvest the 2022 crops. The Purchaser shall receive a seller enhanced rental credit of $300.00 per acre on +/-122.87 acres of cropland or a total of $36,861.00 and $2,000.00 on the hayland/grassland acres for a Combined Total Payment of $38,861.00.
The land being offered for sale on this auction consists of a parcel of land with a mixture of high caliber cropland and some acres of hayland and drainage. This farm is inclusive of choice high quality cropland with some extremely high caliber soils. This land will be offered as a +/-154.45 Acre Unit (Please note the acreage site situated in this parcel is excluded and is not part of the property being offered for sale). According to FSA information this farm has approximately 154 acres of Farmland with 104.9 Cropland Acres, however after the recent installation of 21,727’ of 4, 5, 6, & 8” tile in 2018 there is now +/-122.87 acres of cropland according to updated FSA information, with an FSA 58.0 acre corn base with a 145 Bu. PLC yield & a 43.2 acre soybean base with a 42 Bu. PLC yield. The non-tillable acres are comprised of grassland/pasture, creek, ditches & roads. The general topography of this land is gently rolling to rolling. The primary soils on this parcel consist class I & II soils with 58.7% of Moody Moody-Trent Complex, 10.4% of Wakonda-Chancellor Complex, & 7.8% Moody Silty Clay Loam with some lower class soils in the grassland/lowland areas. According to information obtained from Surety AgriData, Inc., this parcel has a weighted average Productivity Index of a 79.2. Comparatively, Moody County Assessor’s information indicates that this parcel has a soil rating of a .888 with both indicating that this is a productive parcel of land with some choice soils. The 2021 taxes payable in 2022 on this land are $4,778.26, although these taxes reflect the total amount with the acreage site included. This property has potential to fulfill the needs of a variety of buyers, including those looking for high quality productive cropland to add to their farming operation and/or their investment portfolio.
LEGAL DESC.: The NW1/4, exc. Tr. 1 of Blum Addition, Sec. 29, T. 106N., R. 47W., (Lone Rock Twp.), Moody Co., SD.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before May 20, 2022, with landlord’s possession, subject to the rights of the current tenant to harvest the 2022 crops in accordance with the 2022 farm lease. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. These properties will be sold in accordance to surveys as completed by Midwest Land Surveying, Inc. with Certificates of Survey to be provided, with the surveyed acres understood to be “more or less”. All of the 2021 RE taxes payable in 2022, will be paid by the Trust/Estate. The sellers do not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and 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 existing easements, restrictions, reservations or highways of record, if any, and subject to Moody Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Personal Representatives/Trustees. Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make arrangements. To View FSA Maps, Soils or additional information, see www.suttonauction.com or contact the auctioneers.
JoANN DAILEY IRREVOCABLE TRUST – Mike Blum & Marc Blum, Personal Representatives/Trustees
Corey Bruning – Bruning & Lewis Law Firm, PLLC – Attorney for the Trust
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527
DEAN STOLTENBERG – Auctioneer & RE Broker Associate – Jasper, MN – ph. 507-348-7352