Peterson Land – +/-80 Acres of Clark Co. & +/-68.5 Acres of Deuel Co., SD Land

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ESTATE LAND AUCTION

 FARM #1 – +/- 80 Acres of CRP/Cropland & Pasture in Maydell Township of Clark County, SD and FARM #2 – +/- 68.5 Acres of Portland Township Deuel County SD Land with a Mobile Home and Nearly New 30’x48’ Colored Steel Pole Bldg. & Established CRP/Cropland

 We will offer the following real property at auction “On Site” at each of the farm locations at the designated sale times on ….

THURSDAY SEPTEMBER 28, 2017     

Sale Times: FARM #1 – 10:00 AM & FARM #2 – 4:00 PM

 Auctioneer’s Note:  Attention Row Crop, Crop-Livestock Operators, Hobby Farmers, Hunters & Investors!  This auction presents an excellent opportunity to purchase 2 parcels of land – each of which currently have a large percentage enrolled in CRP, which at the direction of the buyer may either be continued or requested to be cancelled by the estate prior to closing, with the cancellation subject to USDA approval.  This Land will be offered as two individual parcels and at two separate auctions to be held on-site at each of the farm locations.  Both of these parcels will be available with possession at closing, and if the CRP contracts are continued, the buyers will receive 100% of the CRP payments in 2018 with no proration; if CRP contracts are cancelled, the land will be available to farm, graze or hay in 2018. 

FARM #1: 10:00 AM – +/- 80 Acres of Maydell Twp., Clark County, SD Land

– LEGAL DESC.: The W½ NW¼ of Sec. 15, T. 118N., R. 56W., Maydell Twp., Clark County, SD. LOCATED from Watertown, SD (Jct. of Hwy’s. #212 & #81) – approx. 21.5 miles west on Hwy. #212 to Hwy. #25, then 11 miles north on Hwy. #25 to 162^nd St., then 3/4^ths mile east on 162^nd St. – with the NW corner of the land at the Jct. of 162^nd St. & 433^rd Ave.; from Clark, SD – 10 miles east on Hwy. #212 to Hwy. #25, then 11 miles north on Hwy. #25 to 162^nd St. and ¾ mile west; or from the Jct. of Hwy’s. #20 & #25 south of Webster, SD – 4 miles south on Hwy. #25 to 162^nd St. & ¾ mile west.

Farm #1 consists of parcel of land that has a variety of amenities which makes this land especially attractive to crop-livestock operators, investors, hunters and wildlife enthusiasts, as this land has a mix of CRP/Cropland, pasture and an area of wetland/slough, with waterfowl production and hunting of pheasants, deer and waterfowl from the combination of CRP & wetland areas.  According to FSA information this farm has been carried on their records with 79.22 farmland acres, 53.46 acres of cropland – of which 53.50 acres has been enrolled in CRP; the CRP enrolled under Contract #10018A in which 53.5 acres are enrolled at a rate of $91.06 per acre generating a total annual payment of $4,873.00 with the contract scheduled to expire on 9/30/2019.  The areas not enrolled in CRP are comprised of some unfenced grassland pasture located in the southeast portion of the farm and some grassland/hayland and lowland located in the north sector of the farm.  According to the Clark County Assessor this farm has an overall soil rating of .652, similarly information obtained from Surety Agri Data Inc. indicates this land has a productivity index of 65.7.  The total RE taxes payable in 2017 on this property are – $1,039.36.

FARM #2:  4:00 PM – +/- 68.5 Surveyed Acres of Deuel County, SD Land – LEGAL DESC.:  The W ½ NW ¼ of Sec. 4, T. 117N., R. 49W., Portland Twp., Deuel Co., SD.

LOCATED at 16604 474^th Ave. – FROM – Clear Lake, SD – 9 miles north on Hwy. #15 to Tunerville (Jct. of Hwy’s. #15 & #212, then 2 miles north on 476^th Ave., 2 miles west on 167^th St. and ½ mile north on 474^th Ave.; from Milbank, SD – (Jct. of Hwy’s. #12 & #15) – approx. 16 miles south on Hwy. #15 (478^th Ave.), 4 miles west on 165^th St. and 1 mile south to the NW Corner of the land.

This is a parcel of land with a small set of improvements which the previous owner utilized as his seasonal getaway spot.  The improvements on this property include a nice clean one bedroom mobile home comprised of a wooden deck and entrance to a living room and a kitchen/dining area with built-in cabinets, stove, refrig. and a freestanding woodburning stove, a ¾ bath & laundry with a stackable washer & dryer, a closet with a Coleman Evcon LP Gas furnace  & central AC, a bedroom w/closet and built-in chest of drawers and a utility area with elec. HW heater and an updated 100 amp breaker electrical service; additionally on the property is a like new 30’x48’x12’ shop/storage pole bldg. with a colored steel exterior constructed in July 2015, which has a 10’x10’ insulated overhead door & elec. door opener, a side sliding door, a walk door with a gravel floor throughout.  The LP tank on the property is leased and is not included with the property with remaining fuel to be determined and paid for by the buyer.  According to FSA information this farm has been carried on their records with 71.83 acres, with the total acres appearing to be slightly overstated, with approximately 65.32 acres of cropland – all of which has been enrolled in CRP; the CRP is under two contracts – Contract #14-10131 inclusive of 63.2 acres at $118.92 per acre generating a total annual payment of $7,516.00 and Contract #14-10143 inclusive of 2.1 acres at $120.00 per acre generating a total annual payment of $252.00, with both contracts scheduled to expire on 9/30/2023 (Note – The CRP payments may be amended slightly due to the recent sale of +/-2.1 acres along the north edge of the property, that was sold to correct some fencing issues).   The CRP acres have an excellent stand of well maintained grass cover.  The portion of this farm encompassing the farmstead/bldg. site is not included in the portion enrolled in CRP.  According to the Deuel County Assessor this farm has an overall soil rating of .43, similarly information obtained from Surety Agri Data Inc. indicates this land has a productivity index of 40.8.  The total RE taxes payable in 2017 on this property are – $822.54.  This is a unique and desirable parcel of land that must be seen to be appreciated.

TERMS:  Cash – A 15% non-refundable downpayment on the day of the sale with the balance due and payable on or before Nov. 29, 2017, with possession.  The seller to retain the CRP payments payable in 2017.  At the direction of the purchaser(s), the estate may have the opportunity to cancel the CRP contracts, thus within 10 days of the date of the auction the buyer(s) must notify the sellers of their intention as to whether or not to continue the CRP contracts; if the buyer elects to succeed to the CRP contract they will receive 100% of the 2018 CRP payment with no proration, payable on Sept. 30, 2018 and each year thereafter until the expiration of the respective CRP contracts, furthermore, then the new owner(s) will be obligated to comply with all of the remaining terms and provisions of the existing CRP contracts; any penalty for noncompliance with the existing CRP contracts or buyout of the existing CRP contracts will be the responsibility of the new owner(s).  Marketable Title will be conveyed and an owners title insurance policies will be provided with the cost of the owner’s policy to be divided 50-50 between the buyer and seller. All of the RE taxes payable in 2017, as well as all of the 2017 RE taxes payable in 2018 to be paid by the estate/sellers.  The acres in the Codington County parcel (FARM #1) are based on the acres stated on the county tax records; The acres in the Clark County parcel (FARM #2) will be based on surveyed acres, which in either case are understood to be “more or less”.  The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD Law.  FSA yields, bases, payments, CRP information and other estimates are estimated and are 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 subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances.  The RE licensees in this transaction stipulate that they are acting as agents for the seller.  Sold subject to confirmation of the personal representative/owners.

For additional information contact the auctioneers.

HEIRS OF DALE PETERSON, Owners

CHUCK SUTTON – Auctioneer & Land Broker

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

WAYNE BESSMAN – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-256-4980

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

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