Nicolai Estate Trust – +/-236.34 Acres of Unimproved Lake Co., SD Land

LAND AUCTION 

+/-236.34 Acres of Wentworth Twp. Lake Co., SD Land – Including FARM #1 – +/-155.88 Acres Located Within 1 Mile of the Dakota Ethanol Plant at Wentworth SD – With a Mix of Productive Cropland Lying in 2 Fields on Each Side of the Railway that Runs Through the Property, as Well as a Few Acres of Trees & Wildlife Habitat; FARM #2 – A Terrific High Percentage Tillable +/-80.46 Acre Farm Located East and North of Wentworth, SD with the east side of the Farm Bordering the Lake-Moody County Line – With Both Farms being Sold Subject to a Cash Lease for the 2022 Crop Year  

** Survey coming soon – please check back! **

We will offer both of these Farms at auction at the site of FARM #1 – Located from the Dakota Ethanol Plant on Hwy. #34 at Wentworth, SD – ½ mile east on Hwy. #34 and 1 mile south on 463rd Ave. to the NE Corner of the land at the Jct. of 463rd Ave. & 236th St.; from Madison, SD (Prostrollo Corner) – 7 miles east on Hwy. 34, 1 mile south on 462nd Ave. and ½ mile east on 236th St. to the NW corner of the land.  

WEDNESDAY MORNING APRIL 13, 2022                                SALE TIME: 10:00 AM 

FARM #1:  SALE SITE – +/-155.88 Acres – Legal Desc.: NE¼ of Sec. 28, T. 106N., R. 51W., Exc. Rwy., (Wentworth Twp.), Lake Co., SD.  

This +/-155.88 acre farm will be offered as a unit.  This land is located in an excellent agricultural area of eastern Lake County, SD.  According to FSA information this farm has approx. 137.23 acres of cropland with an extremely high 136.2 acre corn base with a 140 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 some areas which provide some hunting & wildlife production habitat including some mature trees located in the NW corner of the property and other small areas of grass and/or wetland.   According to the Lake Co. Assessor this land has an Overall Soil Rating of .656; comparatively Surety Agri-Data info. indicates this land has an soil rating of 68.8.  This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on 137.5 acres for a total of $34,375.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $2,837.50.  This is a parcel of land that is well suited to serve as a nice addition to an area farming operation or investment.  

FARM #2 – +/-80.46 Acres of Choice Extremely High Percentage Tillable Land – Legal Desc.: The  E½ SE¼ of Sec. 1, T. 106N., R. 51W., (Wentworth Twp.), Lake Co., SD. Located from Farm #1 – 1 mile north, 3 miles east on Hwy. #34 to the Moody-Lake County Line, then 2 miles north on 466th Ave. with the SE Corner of the land at the Jct. of 466th Ave. & 233rd St.; from Dakota Ethanol on Hwy. #34 at Wentworth, SD – 3½ miles east on Hwy. #34 & 2 miles north on 466^th Ave.; or from the Madison-Colman Exit #109 on I-29 – 6½ miles west on Hwy. #34 to the Lake-Moody County Line and 2 miles north on 466th Ave.  

This auction awards the opportunity to purchase a very nice +/- 80.46 acre parcel of land with an extremely high percentage tillable that is situated in an excellent agricultural area lying between Wentworth and Colman, SD and adjacent to the Lake-Moody County line.    According to FSA information this +/-80.46 acre surveyed parcel of land has approx. 77.44 acres of cropland with a 38.6 acre corn base with a 140 bu. PLC yield and a 38.6 acre soybean base with a 37 bu. PLC yield and presently is enrolled under the ARC County Election of the USDA Farm Program.  The general topography of this land is level to gently rolling.  According to the Lake County Assessor this land has an Overall Soil Rating of .594; comparatively Surety Agri-Data info. indicates this land has an soil rating of 66.9.  This property shows evidence of some drain tile installed in the property, information provided by the current tenant indicates that approx. 13,500’ of 5” & 6” tile was installed in this farm in 2012 at a cost of approx. $23,000.00.   This land is sold subject to seller enhanced cash rent for 2022, with the new buyer to receive $250.00 per acre on 74.5 acres for a total of $18,625.00, which will be credited to the buyer at closing.  The 2021 RE taxes payable in 2022 on this land are $1,316.64.  This is a parcel of land that is well suited to serve as a nice addition to an area farming operation or investment. 

TERMS:  Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before May 27, 2022 with landlord’s possession subject to the existing farm lease for the 2022 crop year.  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 FARM #1 are based on the acres stated on the county tax records; the acres in FARM #2 are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc.; which in either case 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.

REUBEN NICOLAI ESTATE TRUST, Owner – Steven Nicolai, Trustee 

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