Pedersen – 193.68 Acres of Moody Co., Land

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LAND AUCTION

 +/-193.68 Acres of High Producing Alliance Twp. Moody County, SD and Eden Twp., MN Land with Excellent Quality Soils, Productive Cropland & Pasture and a Former Building Site

with Mature Trees and More!!

 We will offer the following real property at auction at the land located from Flandreau, SD – 10 miles south on Hwy. #13 (481^st Ave.) and 5½ miles east on Co. Hwy. (240^th St.), 2 miles south on 487^th Ave. and ½ mile east on 242^nd St.; from Garretson, SD – approx. 10 miles north on SD Hwy. #11 to 487^th Ave., then 2 miles north on 487^th Ave. and ½ mile east on 242^nd St.; from Pipestone, MN – approx. 6 miles southwest on Hwy. #23 to Ihlen, MN, then approx. 1 ¾ miles west on Co. Hwy. #2 (41^st St.), then 2 miles south on 30^th Ave. and 2 miles west on 21^st St.; from the west edge of Jasper, MN – 2 miles north on 30^th Ave. and 2 miles west on 21^st St.

FRIDAY SEPTEMBER 29, 2017                           SALE TIME:  10:00 AM

Auctioneer’s Note:  This auction presents a terrific opportunity to purchase land that has been in the Pedersen Family for over 65 years, dating back on the SD portion to the 1940’s and the MN portion to the 1950’s.  This land is located in a highly regarded agricultural area in the “Garden Spot of Eastern SD & Western MN.   This farm features excellent quality high producing soils on the cropland and has been maintained in an excellent state of cultivation and portions have been drain tiled. The pastureland has a mature stand of grass and has a dugout and is traversed by a creek.  This land would be well suited to serve as an addition to a row crop, and/or crop-livestock operation or investment.

This is a unique parcel of land as it is divided by the SD-MN State line and will be offered as TRACT #1 – +/- 105.89 Acres in Alliance Twp., Moody County, SD, TRACT #2 – +/- 87.79 Acres in Eden Twp. of Pipestone County, MN or as TRACTS #1 & #2 Combined – the +/- 193.68 Acre Combined Unit.  As a Combined Unit this farm has a total of 193.68 surveyed acres with approx. 145.37 acres of cropland – Surveyed Acres Stated are Based On Preliminary Calculations and Will be Subject to Final Surveyors Review & Certification. 

TRACT #1:  +/- 105.89 Acres – Legal Desc.:  Lots 1 & 2 of Sec. 22, T. 105 N., R. 47W., (Alliance Twp.), Moody County, SD.

This +/-105.89 acres according to FSA information is part of FSA Farm #1403 with the South Dakota portion being identified as Tract #11183 with the FSA 156EZ indicating this parcel has approx. 102.05 acres of farmland with approx. 86.86 acres of cropland with a 42.8 acre corn base with a 156 bu. PLC yield and a 42.7 acre soybean base with a 44 bu. PLC yield. According to the Moody County Assessor this land has an Overall Soil Rating (OSR) of .875, comparatively info. obtained from Surety Agri-Data, Inc. indicates that this parcel in its entirety has a respectable Overall Weighted Productivity Index of an 82.7.  The non-tillable portions of this land consist of a +/- 8.5 acre pasture on the south end of the property, a +/-5 acre former bldg. site primarily comprised of trees and a few acres of grassland/hayland and a grassed waterway.  The RE Taxes payable in 2017 on this property are …  $3,393.56.

 TRACT #2:  +/- 87.79 Acres – Legal Desc.:  Lots 3 and 4 in the W ½ of Sec. 23, T. 105 N., R. 47W., (Eden Twp.), Pipestone County, MN.

This +/-87.79 acres according to FSA information is part of FSA Farm #1403 with the MN portion being identified as Tract #11184 with the FSA 156EZ indicating this parcel has approx. 86.84 acres of Farmland with approx. 58.51 acres of cropland with a 28.7 acre corn base with a 156 bu. PLC yield and a 28.6 acre soybean base with a 44 bu. PLC yield.  According to the Pipestone County Assessor and their soils data, this parcel has a CER/Soil Rating of 73.27; comparatively information obtained from Surety Agri-Data, Inc. indicates that this parcel in its entirety has an Overall Weighted Productivity Index of a 72.4.  The non-tillable portions of this farm consist of a +/-28.5 acre pasture and a grassed waterway.  The pasture has a dugout and is traversed by a tributary of the Pipestone Creek. The RE Taxes payable in 2017 on this property are …  $2,128.00.

 TERMS:  Cash – A 10% non-refundable downpayment on the day of the sale and the balance on a short term installment sale with an add’l. 40% on Dec. 28, 2017 and the remaining 50% on Jan. 2, 2018 w/full possession.  Fall tillage privileges may be allowed, subject to the rights of the existing tenant to harvest the 2017 standing crops and the tenant’s rights under the 2017 farm lease.  Title will be conveyed by a Warranty Deed(s) and owner’s title insurance will be provided on the SD land w/the cost of the owner’s policy divided 50-50; at the sellers option on the MN portion either an abstract of title continued to date will be continued to date and furnished to the buyer for examination prior to closing, or in lieu of an abstract title insurance may be provided with the cost divided 50-50 between the buyer & seller.  On both the SD & MN portions of this property the buyer will be credited at closing for the 2017 RE taxes based on the amounts payable in 2017, with the buyers to incur any increases over the 2017 amounts payable in 2018.  The acres are based on a recent survey as completed by Midwest Land Surveying with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser(s) pursuant to SD Law.  FSA yields, bases, payments & 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 Co.. SD & Pipestone Co., MN Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the sellers.  Sold subject to confirmation of the owners.

THE HEIRS OF CLIFFORD & ARDYCE PEDERSEN

 CHUCK SUTTON – Auctioneer & Land Broker –

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

DEAN STOLTENBERG – Auctioneer & RE Broker Associate

– Jasper, MN – ph. 507-348-7352

& JARED SUTTON – Auctioneer & RE Broker Associate

– Flandreau, SD – ph. 605-864-8527

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