Hammer Estate – 437.18 Acres of Unimproved Summit Twp., Lake Co., SD Land

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Estate Land Auction

437.18 Acres of Summit Twp. Lake Co. SD Land

FARM #1- Containing – +/-320.91 Acres & Farm #2- Containing – +/-116.27 Acres

We will offer the following land at public auction at FARM #1- from Madison, SD (Prostrollo Corner) – 8 miles east on Hwy. #34 (Dakota Ethanol Plant), then 9 miles north on 463^rd Ave. to 226^th St., then 2 miles east on 226^th St. to the Sale Site at the Jct. of 226^th St. & 465^th Ave. – The Southeast Corner of FARM #1; from Rutland SD – 3 miles east on 228^th St. and 2 miles north on 465^th St.; from Nunda, SD – 5 miles east on 223^rd St. and 3 miles south on 465^th Ave.

THURSDAY OCTOBER 11, 2018                   Sale Time: 10:00 AM

Auctioneer’s Note: This auction presents an excellent opportunity to purchase some productive and well located Lake County, SD Cropland and Pasture, with one parcel having a history of being in the Hammer Family since 1944. These farms are well located in the northeast corner of Lake County and situated within 1 mile of the Lake-Moody County Line and in a close proximity to the Lake-Brookings County Line, and also conveniently located to some major grain terminals including the Dakota Ethanol Plant @ Wentworth, SD & the SD Soybean Processors Plant @ Volga, SD and other area grain markets, area communities and points of interest. Each of these farms will be offered individually. If you are in the market for a parcel or parcels of productive Lake Co., SD farmland to add to a row crop farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction.

FARM #1: +/- 320.91 Acres – To Be Offered as TR. #1A – +/- 153.33 Acres – The Majority in SE ¼, Exc the Bin Site & Pasture in the NW Corner & the Driveway along the North Border of the Quarter; and inclusive of a Strip of Cropland along the east side of Parcel 1B in a Portion of the SW 1/4; & TR. #2 – +/- 167.58 Acres – Mostly in the SW ¼ and the Bin Site & Pasture in the NW ¼ SE ¼; or as TRACTS #1A & #1B Combined – The +/-320.91 Acre Unit.

LEGAL DESC. OF FARM #1 IN IT’S ENTIRETY: The S ½, Exc. Hwy., Sec. 35, T.108N., R. 51W., (Summit Twp.) Lake Co., SD. If Subdivided, the Property Will be Sold as Two Surveyed & Platted Parcels.

This farm could be a nice addition to either a row crop or crop-livestock operation, as Tr. #1A has a high percentage tillable and Tr. #1B has a mixture of cropland & pasture.  According to the Lake Co. FSA information this +/-320.91 acre farm as a unit has approximately 240.33 acres of cropland (Approx. 148.27 acres of cropland on TR. #1A & 92.06 Acres of cropland on TR. #1B), with the nontillable acres comprised of a former  farmstead, pasture & roads; FSA indicates that this farm has a 107.7 acre corn base with a 151 bu. PLC yield and a 109.7 acre soybean base with a 41 bu. PLC yield and is enrolled in the County ARC election of the USDA farm program.  The abandoned farmstead on this property consists of some remnants of buildings, a well, electricity, trees and a former bin site (Grain Bins, if present, are NOT included, as prior to his death the owner sold these bins to be moved).  The general topography of this land is gently rolling to rolling. The Lake Co. Assessor indicates this land has an OSR of .741, comparatively Surety Agri-Data info. Indicates the land has a Productivity Index in Parcel #1A of 75.74, in Parcel #1B of a 72.5 and overall on Farm #1 of a 74. The 2017 taxes payable 2018 on this property are $7,024.64.

FARM #2: +/-116.27 Acres – The NW Corner of Farm #2 is at the Jct. of 465^th Ave. & 224^th St.; located from the Sale Site on Farm #1 – 1 ¼ miles north on 465^th Ave.; or from Nunda- SD – 5 miles east and 1 mile south.

LEGAL DESC: The NW¼ NW¼ (40 acres) & the SW¼ NW¼ & the NW¼ SW¼, Exc. Hammers Add’n., (76.27 acres), all in Sec. 25, T. 108N., R. 51W., (Summit Twp.) Lake Co. SD.

Farm #2 has a relatively high percentage of tillable acres as according to FSA information this 116.27 acre parcel of land has approximately 111.08 acres of cropland with a 54.3 acre corn base with a 151 bu. PLC yield and a 54.4 acre soybean base with a 41 bu. PLC yield and is enrolled in the County ARC farm program election.  The non-tillable acres comprised of a +/-1.5 acre area situated in the NE corner of the farm and roads.  This farm has very good eye appeal with the general topography being gently rolling to rolling. According to Lake Co. Assessor this farm has a soil rating of .640 on the 76.27 acre parcel and .417 on the 40 acre parcel comparatively information obtained from Surety Agri-Data, Inc. indicates this land has a combined Productivity Index on the +/-116.27 acre parcel of a 54.8. The 2017 RE taxes payable in 2018 on this farm are $1,983.60. This is a parcel of land that would make a nice addition to an area row crop farming operation.

TERMS:  Cash – A 10% non-refundable earnest money deposit sale day & balance at closing on or before December 14, 2018 w/possession.  Full possession for the 2019 crop year.  Personal Representative’s Deeds will be conveyed and owner’s title insurance will be provided with the cost of the owner’s policy divided 50-50 between the buyer & seller.  All of the 2018 RE taxes payable in 2019 will be paid by the estate.   The acres in FARM #1 are based on surveyed acres and the acres in FARM #2 are based on the acres as stated on the county tax records, which in either case are understood to be “more or less”.  The sellers do not guarantee that existing fences lie on the true and correct boundaries and any new fencing, if any, will be the responsibility of the buyer pursuant to SD Law.  FSA yields, bases, payments & other information is estimated and not guaranteed and is subject to County committee approval. Information contained herein is deemed to be correct but is not guaranteed.  The RE licensees in this transaction are acting as agents for the seller.  This property is sold in “AS IS” condition & subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lake County zoning ordinances.  Sold subject to confirmation of the Personal Representative.

RAY G. HAMMER ESTATE

Jimmy Krsnak – Personal Representative – ph. 605-201-9291

Richard L. Ericsson – Attorney & Closing Agent for the Sellers – Madison, SD – ph. 605-256-4597

CHUCK SUTTON – Auctioneer & Land Broker

Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

WAYNE BESSMAN – RE & Personal Property Auctioneer – Madison, SD – ph. 605-270-4980

CHIP WOSJE – RE & Personal Property Auctioneer – Nunda, SD – ph. 605-480-2847

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

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