Menches & Dickerson – 469.58 Acres of Unimproved Lake Co., SD Land

LAND AUCTION

+/-469.58 Surveyed Acres of Lake Co., SD Land – Including +/-315.43 Acres in Concord Twp. & +/-154.15 Acres in Wayne Twp. in Lake County, SD – With All Farms being Sold Subject to a Cash Lease for the 2022 Crop Year 

We Will Offer ALL of the Following Properties on the Main St. of Ramona, SD – Due to the fact that all of the farms were Fall Tilled and that there is not a location on at or near the farms being offered on this auction – We have made the decision to sell ALL farms at the auction site which will be on the Main Street of Ramona, SD.   Ramona, SD is located from Madison, SD (Jct. of Hwy’s. #34 & #81 – the Pizza Ranch Corner) – 8 miles north on Hwy. #81, 4½ miles west on 225^th St. (Lake Co. Hwy. #20), then ¼ mile south on Pleasant Ave. to Main St., then 4 blocks east at the Jct. of E. Main Street & Railway Ave. in Ramona, SD to the Sale Site. 

THURSDAY MORNING APRIL 14, 2022                       SALE TIME: 10:00 AM                                                     AUCTION SITE:  Main Street in Ramona, SD 

FARM #1:  +/-153.04 Surveyed Acres – Legal Desc.: The NW¼, Exc. Tract “A” of Menches First Addition in Sec. 26, T. 107N.,  R. 54W., (Concord Twp.), Lake Co., SD.  The Land  is Located from the Sale Site on the Main St. in Ramona, SD – 4 blocks west, approx. ½ mile south, 3½ miles west on 226^th St. (Lake Co. Hwy. #22) and 4 miles south on 446^th Ave. to the NW Corner of FARM #1 at the Jct. of 446^th Ave. and 230^th St.; or from Madison, SD – 8 miles west and 3 miles north on 446^th Ave. (Lake Hwy. #51) to the NW Corner of the Land at the Jct. of 230^th St. & 446^th Ave.; or from Jake’s Corner at the Jct. of Hwy’s. #34 & #81 – 5 miles east on Hwy. #34 and 3 miles north on 446^th Ave. to the NW Corner of the land.  This surveyed +/-153.04 acre farm will be offered as a unit.  This land has a mixture of productive cropland and some acres with grassland & wildlife habitat with a dugout.  According to FSA information this farm is represented to have approx. 148.51 acres of cropland, although in reality it appears that probably closer to 120 acres has been cropped in recent years, with the remainder in grassland, lowland/slough type wildlife habitat; with 49 acre corn base with a 181 bu. PLC yield and a 49 acre soybean base with a 36 bu. PLC yield and is enrolled under the ARC County Election of the USDA Farm Program. The general topography of this land is gently rolling to rolling with some lowland areas in the slough and drainage.  This property has some areas primarily in the north central sector of the farm and in and around the dugout which provide some hunting & wildlife production habitat for pheasants, waterfowl, deer & other wildlife.  According to the Lake Co. Assessor this land has an Overall Soil Rating of .722; comparatively Surety Agri-Data info. indicates this land has an soil rating of 70.5.  This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on 120 acres for a total cash rental amount of $30,000.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $2,867.90.  This is a parcel of land that is well suited to serve as an addition to an area farming operation or investment. 

FARM #2 – +/-81.58 Surveyed Acres of Productive High Percentage Tillable Land – Legal Desc.: The  W½ NW¼ of Sec. 23, T. 107N., R. 54W., (Concord Twp.), Lake Co., SD.  The Land is Located from the Sale Site on the Main St. in Ramona, SD – 4 blocks west, ½ mile south, 3½ miles west on 226^th St. and 3 miles south on 446^th Ave. to the NW Corner of FARM #2 at the Jct. of 446^th Ave. and 229^th St.; or from Madison, SD – 8 miles west and 4 miles north on 446^th Ave. to the NW Corner of the Land at the Jct. of 230^th St. & 446^th Ave.; or from FARM #1 – ½ mile north on 446^th Ave. to the SW Corner of Farm #2.  This auction awards the opportunity to purchase a very nice +/-81.58 acre parcel of land with an extremely high percentage tillable that is situated in a very good agricultural area of Lake County, SD.    According to FSA information this +/-81.58 acre surveyed parcel of land has approx. 79.01 acres of cropland with an 18.84 acre corn base with a 121 bu. PLC yield and a 16.52 acre soybean base with a 32 bu. PLC yield and a 2.27 acre wheat base with a 41 bu. PLC yield and presently is enrolled under the ARC County Election of the USDA Farm Program.  The non-tillable acres on this farm are comprised of 2 waterways & a dugout located in the southeasterly portion of the farm. The general topography of this land is gently rolling to rolling.  According to the Lake County Assessor this land has an Overall Soil Rating of .805; comparatively Surety Agri-Data info. indicates this land has an soil rating of 81.1. This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on 80 acres for a total of $20,000.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $1,674.90.  This is a parcel of land that is well suited to serve as a nice addition to an area farming operation or investment. 

FARM #3 – +/-80.81 Surveyed Acres of Productive High Percentage Tillable Land – Legal Desc.: The W½ NE¼ of Sec. 13, T. 107N., R. 54W., (Concord Twp.), Lake Co., SD.  The Land is Located from the Sale Site on the Main St. in Ramona, SD – 4 blocks west, ½ mile south, 2½ miles west on 226^th St., 2 miles south on 447^th Ave. and ½ mile east on 228^th St.; or from Madison, SD – 8 miles west on Hwy. #34, 5 miles north on 446^th Ave., and 1½ miles east on 228^th St.; or from FARM #2 – 1 mile north on 446^th  Ave. and 1½ miles east on 228^th St. to the NW Corner of the land; (The NW Corner of this Land is located next to the Kingbrook Concrete Rural Water Tower). This auction awards the opportunity to purchase a very nice inside +/-80.81 acre parcel of land with an extremely high percentage tillable that is situated in a very good agricultural area of Lake County, SD.    According to FSA information this +/-80.81 acre surveyed parcel of land has approx. 80.12 acres of cropland with a 19.11 acre corn base with a 121 bu. PLC yield and a 16.76 acre soybean base with a 32 bu. PLC yield and a 2.3 acre wheat base with a 41 bu. PLC yield and presently is enrolled under the ARC County Election of the USDA Farm Program.  The general topography of this land is gently rolling to somewhat hilly.  According to the Lake County Assessor this land has an Overall Soil Rating of .833; comparatively Surety Agri-Data info. indicates this land has a soil rating of 80.7.  This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on _80_ acres for a total of $20,000.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $1,580.00.   This is a parcel of land that is well suited to serve as a nice addition to an area farming operation or investment.

FARM #4 – +/-154.15 Surveyed Acres of Productive High Percentage Tillable Land – Legal Desc.: The SE¼, Exc. the E. 62 Rods of the N. 14 Rods, Sec. 22, T. 108N., R. 54W., (Wayne  Twp.), Lake Co., SD. The Land is Located from the Sale Site on the Main St. in Ramona, SD – 4 blocks west, ½ mile south, 3½ miles west on 226^th St. and 2 miles north on 446^th Ave. to the SE Corner of FARM #4 at the Jct. of 446^th Ave. and 224^th St.; from Madison, SD (Jct. of Hwy’s. #34 & #81) – 8 miles west on Hwy. #34 and 9 miles north on 446^th Ave. to the SE Corner of the Land at the Jct. of 224^th St. & 446^th Ave.; from Oldham, SD – 6 miles south on 445^th Ave. and 1 mile east on 224^th St.; or from FARM #2 – 5 miles north on 446^th Ave.  This +/-154.15 acre farm will be offered as a unit.  This land has a mixture of productive cropland and a few acres with grassland & wildlife habitat and waterway. According to FSA information this farm is represented to have approx. 139.48 acres of cropland with 72.6 acre corn base with a 140 bu. PLC yield and a 65.6 acre soybean base with a 38 bu. PLC yield and is enrolled under the ARC County Election of the USDA Farm Program. The general topography of this land is gently rolling to rolling. This property has a +/-8.53 acre area of lowland-wildlife habitat in the south central area of the farm, with the remaining non-tillable acres comprised of waterway & roads.  According to the Lake Co. Assessor this land has an Overall Soil Rating of .814; comparatively Surety Agri-Data info. indicates this land has an soil rating of 80.4.  This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on 140 acres for a total cash rental amount of $35,000.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $3,103.00.  This is a parcel of land that is well suited to serve as an addition to an area farming operation or investment.

TERMS:  Cash – A 10% non-refundable earnest money payment sale day and the balance on or before May 27, 2022 with landlord’s possession subject to the existing farm leases for the 2022 crop year. The buyer will be credited at closing with the seller enhanced cash rent.  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, with the buyer to be responsible for all of the 2022 RE taxes payable in 2023.  The total acres in these farms are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres are 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.  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 Lake County Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the agent for the owners.  Sold subject to confirmation of the Trustee. To make arrangements for absentee bidding or other information contact the auctioneers.

HEIRS OF HAROLD & ELIZABETH MENCHES – Owners of Farms #1, #2 & #3  THE HEIRS OF HAROLD & ELIZABETH MENCHES & THE HEIRS OF GOLDIE DICKERSON, Owners of Farm #4

Richard L. Ericsson – Ericsson Law Office, Prof. LLC – Attorney & Closing Agent for the Sellers 

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

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

WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980 & DEAN GULBRANSON – RE Auctioneer – Madison, SD – ph. 605-695-0133