Johnson – Estate Land Auction – 77.31 Acres of Grand Meadow Twp., Minnehaha Co, SD & 71.75 Acres of Montrose Twp., McCook Co., SD Land

ESTATE LAND AUCTION

2 Parcels of Eastern South Dakota Farmland – Including +/-77.31 Acres of Choice Grand Meadow Township, Minnehaha County SD Land & +/-71.75 Acres of Well Located Scenic Pasture & Cropland with Potential for Establishment of a Rural Home Site Lying Adjacent to Highway #38 in Montrose Twp., in McCook County, SD

We will offer the following Land at public auction “On Site” at each of the Farms at the following designated sale times and locations . . .

MONDAY FEBRUARY 15, 2021
FARM #1 – +/-77.31 Acres of Minnehaha County, SD Land – Sale Time: 10:00 AM
FARM #2 – +/-71.75 Acres of McCook County, SD Land – Sale Time: 2:00 PM

AUCTIONEER’S NOTE: Vernell Johnson was a renowned auctioneer for many decades in South Dakota and the surrounding area and throughout his lifetime acquired numerous parcels of land, and now due to multi-fractioned ownership in this land and in keeping with his belief in the auction method of marketing, his family has decided to offer this property at public auction. This auction presents the opportunity to purchase 2 parcels of land including FARM #1 which has a High Percentage of Productive High-Quality cropland and FARM #2 which could provide an excellent home site and could be an excellent hobby farm or addition to an area crop/livestock operation. If you are in the market for a parcel or parcels of productive Minnehaha County SD farmland and McCook County cropland and pasture with excellent rural building site potential, then make plans to inspect these properties and be in attendance at this auction!

FARM #1: 10:00 AM – +/-77.31 Acres of Choice Grand Meadow Township, Minnehaha County SD Cropland with an Extremely High Percentage Tillable – Located from Hartford, SD (Jct. Hwy. #38 & the Colton Road/464th Ave.) – 4 ½ miles north on the Colton Road/464th Ave.; from Colton, SD – 6 ¼ miles south on 464th Ave.; or from the Crooks Exit #86 on I-29 – 8 miles west on 258th St. and 3 miles north on 464th Ave. LEGAL DESC.: The S½ SW¼, Except Heiberger Tract 1, Sec. 26, T. 103N, R. 51W., (Grand Meadow Twp.), Minnehaha Co., SD.

This auction provides the opportunity to purchase a high caliber well located productive parcel of farmland with an extremely high percentage tillable that is located in an excellent agricultural area in Grand Meadow Township in Minnehaha County, SD that has been in the Johnson family for many decades. This property is conveniently located lying between Colton & Hartford, SD and near Lyons & Crooks, SD and conveniently located to several elevators and grain handling facilities, the Tri-Valley School and other area points of interest. According to M’haha. Co. Assessor’s information this farm has approximately 77.52 total acres and according to FSA information this farm has a total of approx. 76.27 acres of cropland with a 48.82 acre corn base with a 143 bu. PLC yield and a 16.28 acre soybean base with a 56 bu. PLC yield; and has been enrolled under the ARC Individual election of the USDA farm program. According information obtained from Surety Agri-Data, Inc. this farm has a weighted average productivity index of an 87.9 and comparatively Co. Assessor’s info. indicates this farm has an overall soil rating of .878. The general topography of this land is level to gently rolling. The total 2020 RE taxes payable in 2021 on this property are $2,323.28. This farm has very good eye appeal and must be seen to be appreciated! If you are the market to purchase a parcel of high quality farmland as an addition to an area row crop farming operation and/or investment, then consider this property and get your financing in order, as interest rates are at or near record lows, making this an extremely good time to make a long term investment in a high caliber farm such as this property.

FARM #2 – 2:00 PM – +/-71.75 Acres of Very Well Located Cropland & Pasture with Excellent Potential Locations for Establishment of a Rural Acreage Site(s) Situated Adjacent to Montrose, SD – We will offer this property on site at the land – Located directly west of Montrose, SD, with the SE Corner of the Land at the Jct. of Hwy. #38 & 451st Ave.; the Northeast Corner of the Land is at the Jct. of 451st Ave. & 254th St.; from Sioux Falls, SD (Jct. of I-29 & I-90) – approx. 22 ½ miles west on I-90 to the Montrose Exit #374, then 2 miles north on Co. Hwy. (451st Ave.). LEGAL DESC.: NE¼ lying N. of Lot H-1 as recorded in Book G of Plats, P. 23, Sec. 28, T. 103N., R. 53W., exc. Lot H-1 as recorded in Book D of Plats, P. 26, (Montrose Twp.), McCook Co., SD, containing +/-71.75 acres a

This property consists of a scenic well located parcel of cropland & pasture, which has some excellent amenities that provides attractive locations for establishment of a rural housing site(s). This property is a +/-71.75 acre triangular shaped parcel of land with highways on three sides of the property – SD Hwy. #38 on the South, 451st Ave. (South Fuller Ave.) on the east and 254th St. (McCook Co. Hwy. #10) on the north. This property has some beautiful scenic vantage points providing some lovely views with areas that could provide exceptional locations for establishment of a building site or sites, by utilizing the one permitted rural housing eligibility assigned to this property in compliance with McCook County Zoning, although if annexed to the City of Montrose a higher number of homes could potentially be constructed, and city water and potentially sewer may be available, interested parties should direct questions pertaining to city utilities to Darrel Sieverding – Montrose City Utilities Mgr. @ 605-370-1240. Presently this property is being utilized as pastureland, although according to FSA information this farm has approx. 29 acres of cropland with small bases including a 2.3 acre corn base with a 74 bu. PLC yield, 1.10 acre soybean base with a 33 bu. PLC yield and a .50 acre oats base with a 59 bu. yield. The property is presently being utilized as pasture and has rolling grassland and is inclusive of a dugout and has an area which has electricity and a well with a pump jack & motor. According to Kingbrook Rural Water, water is available to service the McCook County housing eligibility(s) and has lines located in the NE sector of the property and on the north side of 254th St. and south side of Hwy. #38 is located (for add’l. info. concerning availability & cost potential buyers are urged to contact Kingbrook RW at 800-605-5279); although if development of multiple sights on the property is desired, the property could potentially be annexed into the City of Montrose and subject to approval of a development plan, water may then be available from the city. If you are in the market for a parcel land with excellent potential housing opportunities that presently is being utilized as pastureland with some acres with a cropland history, then be sure to inspect this property prior to the auction. Properties such as this are a rare find, so mark your calendar and plan to be in attendance at this auction. According to information obtained from the McCook Co. Assessor this farm has an Overall Soil Rating of .47; comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of a 41.1. The 2020 RE taxes payable in 2021 on this land are $771.00.

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before March 31, 2021, with full possession for the 2021 crop and grazing season. 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, also Closing Agents Fees, if any, will be divided 50-50. This property is being sold based on the acres as determined by surveys as completed by Midwest Land Surveying, Inc., with acres understood to be more or less. All of the 2020 RE taxes payable in 2021 will be paid by the estate. The seller does 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 subject to existing easements, restrictions, reservations or highways of record, if any, and subject to Minnehaha & McCook County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Trustee/Personal Representative.  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.  For additional information contact the auctioneers.

VERNELL JOHNSON ESTATE & THE VERNELL & LOUISE JOHNSON TRUSTS – Owner
Michael Whealy – Trustee/Pers. Rep.
Jennifer Bunkers – Boyce Law Firm, LLP – Sioux Falls, SD – Attorney for the Owners – ph. 605-334-0618

CHUCK SUTTON – Auctioneer & Land Broker – – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
JARED SUTTON – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM SOUVIGNIER – RE Auctioneer & Broker Assoc. – Canton, SD – ph. 605-987-2404
& TERRY HAIAR – RE Auctioneer – Alexandria, SD – ph. 605-239-4626