Fodness & LaFollette – 147.83 Acres of Unimproved Lynn Twp., Lincoln Co., SD Land
June 13 @ 10:00 am
LYNN TWP., LINCOLN COUNTY SD LAND AUCTION
Offering a 147.83 Acres of Productive Lynn Twp., Lincoln County SD Farmland
This offering presents an opportunity to purchase some very productive farmland which has an excellent location near the Canton I-29 Interstate Exit #62 and contains 3 remaining rural housing eligibilities. This land has been continuously in the Fodness Family since 1910 (113 years). Auction will be held “on site” at the Jct. of 470th Ave. and 283rd St; or from the I-29 Canton Exit #62, go 1/2 mile west on C Rd 128 (282nd St.), then 1 mile south on 470th Ave. to SW corner of the Farm.
TUESDAY, JUNE 13TH, 2023 10:00 AM
This is a very productive farmland parcel lying very level and with a high percentage of tillable cropland. According to Surety Agri-Data mapping, the primary soils found are Chancellor-Wakonda-Tetonka complex, Class IIw soil; Wentworth-Chancellor silty clay loam, Class Iw soil; Worthing silty clay loam, Class Vw soil; and Chancellor-Tetonka complex, Class IIw soil; all with 0-2% slopes creating a 79.1 Productivity Index. This land is virtually all tillable and has a nearly level topography. FSA information states there are 146.30 Farmland acres containing 144.70 Cropland acres having a 69.0 acre corn base w/ 154 bu. PLC yield and a 75.7 acre soybean base w/ 40 bu. PLC yield. This land is sold subject to an existing 2023 farm lease with the buyer to receive a seller’s enhanced cash rent of $43,410.00 ($300/ac.) to be credited at closing. This lease expires December 31st, 2023 subject to the harvesting of 2023 crops. Property is sold with 3 existing rural housing eligibilities and there is a South Lincoln Rural Water line adjacent to 470th Ave. This would make for a great addition to an existing farming operation as well as an income investment property as it is close to the I-29 and US Hwy 18 corridors and several local grain terminals. For further information contact the Auctioneers. Inspect this property at your convenience and then attend this fine land offering.
Legal Description: Gov’t Lots 1 and 2 in Southwest 1/4 except Fodness Addition, Section 19, Township 98, Range 50 (Lynn Twp.), Lincoln County, SD.
Terms: Cash. A 10% non-refundable earnest money payment day of sale with the balance due on or before August 1st, 2023 with a Landlord’s possession. A clear deed and Owner’s Title Insurance policy provided with the cost of the policy and the Closing Agent’s fee (Lincoln County Title Co.) to be split 50/50 between the Buyer(s) and the Sellers. Sellers to pay all 2022 RE taxes in the amount of $2,662.08 due in 2023 with the Buyer(s) assuming the 2023 RE taxes due in 2024. Property being sold by the recorded acres at the Courthouse and understood to be “more or less” and in “AS IS” condition subject to any existing easements, restrictions, reservation or Highways of record, if any. The FSA bases, yields and payments and other information are estimated and are not guaranteed and are subject to County Committee approval. The Auctioneers/Licensees in this transaction are acting solely as Agents for the Sellers with the property sold subject to confirmation of the Sellers.
MARK FODNESS and GRACE LAFOLLETTE, OWNERS
Tom Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 987-2404; Ted Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 660-0421
Chuck Sutton, Auctioneer & Land Broker, Sioux Falls SD (605) 336-6315; Jared Sutton, CAI, RE Auctioneer & Broker Assoc., Flandreau SD (605) 864-8527