DeMarco – 160 Acres of Unimproved Lincoln Twp., Lincoln Co., SD Mand
November 5, 2019 @ 10:00 am
LINCOLN COUNTY SD LAND AUCTION
160.0 Acres of Extremely High Producing Lincoln Twp., Lincoln County, SD Farmland
Due to the death of Lynn I. DeMarco, we will offer this Choice Lincoln Twp. farm located at the intersection of 291st St. (C Rd 146) and 474th Ave. (C Rd 121); or from the I-29 Viborg Exit #53, 3 miles east on 291st St; or from Norway Center, go 5 miles west on 294th St., then 3 miles north on 474th Ave; or from Beresford SD, go 2 miles east on SD Hwy 46, then 6 miles north on 474th Ave.
TUESDAY, NOVEMBER 5TH, 2019 Sale Time: 10:00 am
This auction presents an excellent opportunity to purchase some very productive and well-located Lincoln Twp., Lincoln County SD farm land.
This land consists of 160.0 acres of gently rolling very productive cropland which according to County FSA information there are 155.5 Farmland acres having 153.4 Crop Land acres which has a 109.1 acres corn base with 164 bushel PLC yield and a 44.1 acre soybean base with 37 bu. PLC yield. This is a 100% base acres with strong yields and is currently enrolled in the County ARC program. According to the Lincoln County Assessor the primary soils are Wentworth-Chancellor silty clay loam (Class I soil); Egan silty clay loam and Egan-Chancellor silty clay loam and Chancellor-Viborg silty clay loam, all Class II soils; and two other incidental soils. The County soil rating is .852 while similar information from Surety Agri-Data states a Productivity Index of 83.9. The topography of this land is level to slightly rolling and virtually all tillable. This land is available for the 2020 crop year with the current lease to expire Dec. 31st, 2019 and with fall tillage privileges subject to harvesting. This property is well located as it lies adjacent to two major County gravel roads and only 7 miles from Beresford SD, 14 miles from Canton SD and with easy access to the I-29 Corridor. Property sold with 4 rural housing eligibilities. If you are in the market for a high producing, well located Lincoln County SD farm property; whether a farm operator or land investor, make plans to inspect and attend this choice land auction offering. Contact Souvignier RE & Auctions for any additional inquiries.
Legal Desc: Southeast 1/4, Section 34, Twp. 97N, R. 50W (Lincoln Twp.), Lincoln County, SD
TERMS: CASH. A 15% non-refundable earnest money payment due day of sale with the balance due on or before December 17th, 2019 with full possession. A clear deed and Owner’s title insurance policy will be provided with the cost of the title policy and closing agent’s fee (Lincoln County Title Co.) to be split 50/50 between the buyer and seller. All of the 2018 RE Taxes in the amount of $3,775.60 due in 2019 and the 2019 taxes due in 2020 will be paid by the sellers with the buyer to assume the 2020 RE Taxes. Property is sold by the stated acres recorded at the County with the acres understood to be “more or less” and in “AS IS” condition subject to any existing easements, restrictions, reservations or highways of record, if any. FSA yields, bases and payments and other information are estimated and not guaranteed and are subject to county committee approval. Licensees/Auctioneers in this transaction are acting solely as agents for the Seller. Property is sold subject to confirmation of the Trustee.
LYNN I. and M. DIANNE DE MARCO REVOCABLE LIVING TRUST, OWNERS – Leawood, Kansas
Tom Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 987-2404
Chuck Sutton, Auctioneer & Land Broker, Sioux Falls SD (605) 336-6315
Ted Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 660-3962
Jared Sutton, RE Auctioneer, Flandreau SD (605) 864-8527