D&J Ranch Properties, LLC, Robert Rae Farms Ltd. Partnership, Etal – +/-375.18 Acres of Unimproved Minnehaha Co. SD Land

MINNEHAHA COUNTY, SD LAND AUCTION 

+/-375.18 Surveyed Acres Consisting of 3 Parcels of Minnehaha County, SD Land – Located Near Valley Springs, Brandon & Garretson, SD – FARM #1 +/-123.60 in Valley Springs Township and FARM #2 – +/-128.35 Acres & FARM #3 – +/-123.23 Acres – Both in Red Rock Township  – These Are All Well Located Parcels of Land Inclusive of Productive Cropland and Include Some Attractive Locations That Could Potentially Provide Potential Sites for Future Utilization of the Numerous Minnehaha County, SD Rural Housing Eligibilities

Due to the current Multi-Fractioned Ownerships in this land subsequent to the death of Dr. Dean & Jeraldine “Jerry” Johnson, the beneficiaries have made the decision to offer the following parcels of land at public auction, with the auction of all 3 parcels to be held “ON SITE” at FARM #1- which is located from the Valley-Springs/Garretson, SD Exit #410 on I-90 – 1½ miles south to 262^nd St., then jog west and continue 2 miles south on 486^th Ave., then ½ mile west on 264^th St. to the SE Corner of the land; from the Jct. of Split Rock Blvd. & Aspen ((262^nd St) in Brandon, SD – 3 miles east Co. Hwy. #138 (262^nd St.) 2 miles south on 485^th Ave. and ¼ mile east on 264^th St. or from the Beaver Valley Church – 1 mile east on 262^nd, 2 mile south on 485^th Ave. and ¼ mile east on 264^th St.; or from Valley Springs, SD – 1 mile west on 262^nd St., 2 miles south on 486^th Ave. and ½ mile west on 264^th St.

THURSDAY DECEMBER 9, 2021                          SALE TIME: 10:00 AM 

This auction presents an excellent opportunity to purchase 3 parcels of well located Minnehaha County, SD land situated in Valley Springs & Red Rock Townships and conveniently located for the communities of Valley Springs, Brandon and Garretson, SD, I-90 and other area points of interest.   If you are in the market for a parcel or parcels of land with many excellent amenities to add to a row crop farming operation, as an addition to your investment portfolio and/or a location for a new rural home, then make plans to inspect this property and be in attendance at this auction or contact the auctioneers to make arrangements for absentee bidding. 

ALL OF THESE PROPERTIES WILL BE SOLD SUBJECT TO AN EXISTING FARM LEASE FOR 2022 – with the buyer to receive a seller enhanced rent of $300.00 per acre on the cropland acres at closing and will receive 100% of the CRP Payments payable in 2022 and thereafter for the remaining term of the respective CRP contracts.  

FARM #1: +/-123.60 Surveyed Acres – SALE SITE – Located as described above – LEGAL DESC.:  The SW ¼ of Sec. 8, T. 101N., R, 47W., Except the West 399.6′ of the S. 1,359.5′ and except Jensen’s Tract 1 contained therein, (Valley Springs Twp.), Minnehaha County, SD – Containing 123.60 Acres M/L.

This +/-123.60 acre farm will be offered as Single Unit.   According to Minnehaha County Planning and Zoning Farm #1 has a “No Remaining” rural housing eligibilities.   This property has been surveyed, as the acres on the county tax records appear to be understated, as according to FSA information this property has approx. 121.86 acres of cropland with an FSA 62.3 acre corn base with a 146 bu. PLC yield and a 58.7 acre soybean base with a 43 bu. PLC yield and is enrolled under the ARC County election for corn and soybeans of the USDA farm program.  According to the Minnehaha County Assessor this land has an overall soil rating of .813, similarly info. obtained from Surety Agri Data, Inc. indicates this land has a soil rating of 81.1.  This land has a high percentage tillable, excellent eye appeal with a gently rolling to rolling topography and has a convenient location near I-90, Valley Springs, & Brandon, SD.  This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $300.00 per acre on 122 acres for a total of $36.600.00 which will be credited to the buyer at closing.  The 2020 RE taxes payable in 2021 on this property were $3,628.02; in addition the sellers will also pay all of the 2021 RE taxes due and payable in 2022. 

FARM #2: +/-128.35 Surveyed Acres – Located from the SE Corner of Farm #1 – ½ mile east on 264^th St., then 3 ½ miles north on 486^th Ave. to the Valley Springs/Garretson SD Exit #410 on I-90, then 1 ½ miles north on 486^th Ave. (Co. Hwy. #105), then 1 ½ miles east on 259^th St. to the SW Corner of the land; from Garretson, SD – approx. 5 miles south on 486^th Ave., 2 miles east on Co. Hwy./258^th St. to the SD & Rock County MN State Line, then ½ mile south on 488^th Ave. to the NE Corner of the land. LEGAL DESC.:  The SE 1/4 of Sec. 15, T. 102N., R. 47W., Except a Parcel Commencing at the SE Corner of Said SE 1/4, Thence N. 31 Rods, Thence W. 31 Rods, Thence S. 31 Rods, Thence East 31 Rods to the Point of Beginning; and Except Railroad Right of Way Contained Therein; (Red Rock Twp.), Minnehaha County, SD – Containing 128.35 Acres M/L.

This +/-128.35 acre farm will be offered as one individual unit, with the acres sold being based on the acres as determined by a recent survey of the property. The crop fields on this farm lie in two individual fields with one lying west of the existing railway and one lying east of the railway.  According to Minnehaha County Planning and Zoning Farm #2 has a total of 3 remaining rural housing eligibilities – (currently designated with 2 available & 1 by conditional use). According to FSA information this property as a whole has approx. 124.04 acres of cropland and 122.24 acres of effective cropland subsequent to the 1.8 acre CRP reduction; with a very large percentage  FSA 101.6  acre corn base with a 146 bu. PLC yield and smaller 20.4 acre soybean base with a 43 bu. PLC yield and is currently enrolled under the ARC County election of the USDA farm program for both corn & soybeans; currently this farm has approx. 1.8 acres enrolled in the CRP program at a rate of $183.00 per acre generating a total annual payment of $329.00, with the contract scheduled to expire on 9/30/2028.  According to the Minnehaha County Assessor this land has an overall soil rating of .717, comparatively info. obtained from Surety Agri Data, Inc. indicates this land has a soil rating of 74.3.  This land has a high percentage tillable with a gently rolling to rolling topography and has a very good location bordered on the east by 488^th Ave and within ½ mile of a hardsurfaced highway. This property has some attractive hillside locations that could serve as great sites for potential future establishment of a rural home site or sites by utilization of the remaining rural housing eligibilities assigned to this property.  This property is conveniently located to area communities and a short commute within 15 miles of Sioux Falls, SD.  This land is sold subject to an existing cash lease for 2022, with the new buyer to receive $300.00 per acre on 122.24 acres of effective cropland for a total of $36.672.00 which will be rounded to $36,700.00 which will be credited to the buyer at closing; in addition the buyer will receive 100% of the CRP payment payable in 2022, with no proration on 1.8 acres at $183.00 for a projected total payment of $329.00. The 2020 RE taxes payable in 2021 on this property were $3,308.20; in addition the sellers will also pay all of the 2021 RE taxes due and payable in 2022.

FARM #3: +/-123.23 Surveyed Acres – Located from the SE Corner of Farm #1 – 1½ miles east on 264^th St., 2 miles north on 487^th Ave. to the NW Corner of Valley Springs, SD, then 1 mile east on 262^nd St. to the SD/MN State Line, then ½ mile north on 488^th St.; or from the Valley Springs/Garretson SD Exit #410 on I-90 – ½ mile south and 1½ miles east on 261^st St. to the NW Corner of the Land; or from Valley Springs, SD – approx. ½ mile north on 488^th Ave. to the SE Corner of the land. LEGAL DESC.: Government Lots 1 & 2 of the NE 1/4, Except the N. 1,215’ of the E. 528’ of Said Gov’t. Lot 2, and Except Tr. 1 of Johnson’s to Said Gov’t. Lot 2, all in Sec. 34, T. 102N., R. 47W., (Red Rock Twp.), Minnehaha County, SD – Containing 123.23 Acres M/L.

This +/-123.23 Acre Farm will be offered as one individual unit, with the acres sold being based on the acres as determined by a recent survey of the property.  This is a multi-faceted property with productive cropland acres, areas that could provide attractive locations for utilization of the remaining housing eligibilities and nontillable areas that may present some hunting and recreational opportunities.  According to Minnehaha County Planning and Zoning Farm #2 has a total of 3 remaining rural housing eligibilities – (currently designated with 2 available & 1 by conditional use).  According to FSA information this farm has approx. 118.9 acres of cropland and 109.02 acres of effective cropland subsequent to the 9.88 acre CRP reduction; with a very large percentage  FSA 97.2 acre corn base with a 166 bu. PLC yield and smaller 10.9 acre soybean base with a 43 bu. PLC yield and is enrolled under the ARC County election of the USDA farm program for both corn & soybeans; currently this farm has approx. 9.88 acres enrolled in the CRP program in 2 contracts – with Contract #11176 including 8.70 acres which is enrolled at a rate of $166.11 per acre generating a total annual payment of $1,445.00 with the contract scheduled to expire on 9/30/2028 and Contract #11177 including 1.18 acres which is enrolled at a rate of $126.70 per acre generating a total annual payment of $150.00 with the contract scheduled to expire on 9/30/2028.  According to the Minnehaha County Assessor this land has an overall soil rating of .548, comparatively info. obtained from Surety Agri Data, Inc. indicates this land has a soil rating of 59.3.  The topography of this land ranges from level to gently rolling to rolling, with some low lying pockets and drainageways.  This property may have some prospects for future potential excavation of gravel or other aggregates, as there previously was material mined from an area within this property.  This land has good location near Valley Springs, SD and is bordered on the east by 488^th Ave. (the SD/MN State Line) and on the north by 261^st St. and within ½ mile of a hardsurfaced highway at Valley Springs, SD and within 1 ½ miles of Hwy. #105 that is located west of the property and the nearby Valley Springs/Garretson Exit #410 on I-90. This property is conveniently located to area communities and a short commute within 15 miles of Sioux Falls, SD.  This land is sold subject to an existing cash lease for 2022, this property has approx. 109.02 acres of effective cropland and the rental payment will be calculated with the acres rounded to 110 acres at $300.00 per acre or a total of $33,000.00, which will be credited to the buyer at closing; in addition the buyer will receive 100% of the CRP payment payable in 2022, with no proration on 8.70 acres @ $166.11/Ac. for a projected annual payment of $1,445.00 and 1.18 acres @ $126.70 for a projected annual payment of $150.00 – with both CRP contracts scheduled to expire on 9/30/2028.  The 2020 RE taxes payable in 2021 on this property were $2,476.98; in addition the sellers will also pay all of the 2021 RE taxes due and payable in 2022.

TERMS:  Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before January 28, 2022 with landlord’s possession subject to the existing farm lease for the 2022 crop year.  Marketable title will be conveyed with an owners title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee will be divided 50-50 between the buyer and seller.  All of the 2021 RE taxes payable in 2022 will be paid by the sellers.  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.  The buyer(s) of Farms #2 & #3 will be obligated to comply with the remaining terms and provisions of the existing CRP contract which expire in 2028, with the buyer to be liable for any penalties for noncompliance in the years subsequent to closing. 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 Minnehaha County Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the agent for the owners. To make arrangements for absentee bidding or other information contact the auctioneers.

D&J RANCH PROPERTIES, LLC, ROBERT RAE FARMS LIMITED  PARTNERSHIP, ETAL – Owners

Glenn J. Boomsma – Attorney at Law – Breit & Boomsma, P.C. – Company & Partnership Representative – Sioux Falls, SD – 605-336-8234  

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315

JARED SUTTON – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527

TOM SOUVIGNIER – Auctioneer & RE Broker Associate – Canton, SD – 605-987-2404 & TED SOUVIGNIER – Auctioneer & RE Broker Associate – Canton, SD – 605-660-3962