Mogck – +/-160 Acres of Unimproved Clare Twp., Moody Co., SD Land
May 11, 2022 @ 10:00 am
LAND AUCTION
+/-160 Acres of Choice Clare Township, Moody County SD Land with Superb Soils – Situated in the Garden Spot of Eastern South Dakota
We will offer the following parcel of land “On Site” at the land located from River’s Edge Cenex on the west side of Flandreau, SD – 2¾ miles west on SD Hwy. #32 to 477th Ave, then ½ Mile South to the NW Corner of the Land; or from the Flandreau SD Exit #114 on I-29 – 4½ miles east on SD Hwy. #32, then ½ mile south to the NW Corner of the Land.
WEDNESDAY MAY 11, 2022 Sale Time: 10:00 AM
AUCTIONEER’S NOTE: This auction awards the opportunity to purchase land with superb soils that is situated in the “Garden Spot” of Eastern SD. It is noteworthy that this land has been in the Mogck Family for 65 years making this a once in a lifetime opportunity. This is a parcel of land in one of the more tightly held areas of Moody County (Clare Twp.), where land very seldom comes available on the open market. This land will be sold subject to a 2022 cash rent lease with the purchaser to receive a seller enhanced cash rent credit at closing. The buyer will have the option to either continue the CRP program on the 19.70 acres enrolled in CRP at a rate of $208.00 per acre for an annual total amount of $4,097.60 with the contract set to expire on September 30, 2029, or however, if the buyer should desire to have the CRP contract cancelled, the seller(s) will agree to buyout and cancel the existing contract prior to closing at “their cost” of approx. $9,200.00. If you are in the market for land as an addition to a row crop farming operation or as an investment, you will want to inspect this property and make plans to be in attendance at this auction.
The land being offered for sale on this auction consists of a parcel of land with a relatively high percentage tillable inclusive of choice high caliber cropland with some extremely high caliber soils. This land will be offered as a +/-160 Acre Unit. According to FSA information this farm has approximately 158.21 acres of Farmland with 155.75 Cropland Acres, Presently, it appears that there is +/-136.05 acres of cropland currently under cultivation. According to FSA information this farm has a 135.90 acre corn base with a 145 Bu. PLC Yield. The non-tillable acres are comprised of the acres enrolled in CRP, waterway, ditches & roads. The general topography of this land is level to gently rolling. Probably one of the most noteworthy attributes of this farm is that it consists of practically 100% of Class I & II soils. According to information obtained from Surety-Agridata Inc., this parcel has a Productivity Index of a 85.9. Comparatively, Moody County Assessor’s information indicates that this parcel has a soil rating of a .807 with both indicating that this is a productive parcel of land with some extremely choice soils. The 2021 taxes payable in 2022 on this land are $4,258.40. This property has potential to fulfill the needs of a variety of buyers including those looking for high quality productive cropland to add to their farming operation and/or their investment portfolio. This land will be sold subject to a 2022 Farm Lease. Purchaser will receive landlord’s possession for the 2022 crop year subject to the tenant’s rights to harvest the 2022 crops. The Purchaser shall receive a seller enhanced rental credit of $275.00 per acre on +/-137 acres of cropland for a total of $37,675.00 and at the option of the buyer they will either have the option to continue & succeed to the existing CRP Contract or to cancel the contract with the seller(s) agreeing to buyout the contract at their expense prior to closing, as termination of the contract will allow a new owner to commence farming or potentially drain tiling or excavating within the CRP acres with approval of NRCS regulations and/or County Drainage Approval, if any.
LEGAL DESC.: The SW¼ of Sec. 25, T. 107 N., R. 49 W., (Clare Twp.), Moody Co., SD.
TERMS: Cash – A 10% non-refundable earnest money payment sale day and balance on or before June 29, 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. If the buyer desires the termination of the existing CRP contract the sellers will agree to buyout the contract prior to closing; if the new owner desires to continue and succeed to the existing contract they will then be obligated to comply with all of the remaining terms and provisions of the existing CRP contract; with any future penalty for non-compliance with the existing CRP contract or buyout of the existing CRP contract will be the responsibility of the new owner(s). 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 this farm are based on the acres as stated on the County Tax Records, 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 Moody 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 owners. To make arrangements for absentee bidding or other information contact the auctioneers.
DANNY P. MOGCK, BONNIE J. WICKHAM, & DEAN B. MOGCK, Owners
CHUCK SUTTON – Auctioneer & Land Broker
– Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON, CAI – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527
BURLAGE & PETERSON – Auctioneers & Realtors – Brookings, SD – 605-692-7102