Robinson- +/-160 Acres of Unimproved Harmony Twp., Spink Co., SD Land
November 18, 2021 @ 1:00 pm
LAND AUCTION
+/-160 Acres of Harmony Township Spink County, SD Land Located Near Frankfort, SD – Including a Mixture of Productive Cropland & CRP
We will offer the following real property at auction “On Site” at the Land – Located from the Northwest Corner of Frankfort, SD (Oak St. & Lincoln Ave.) – approx. 4/10ths mile west to Hwy. #212, then jog west approx. 1/10th mile to the Jct. of US 212 & 395th Ave., then 1 mile north to the south side of the land and then approx. 3/10ths mile west to the SALE SITE at the SW Corner of the land; from East Side of Redfield, SD – approx. 8½ miles east on Hwy. #212 to 395th Ave., then 1 mile north on 395th Ave. to the dead end at the south side of the land, then 3/10ths mile west to the sale site at the SW Corner of the land.
THURSDAY NOVEMBER 18, 2021 SALE TIME: 1:00 PM
AUCTIONEERS NOTE: This auction presents a great opportunity to purchase a productive parcel of Spink County, SD land located near Frankfort, SD. This farm has a high percentage tillable with some of the cropland acres currently enrolled in CRP, thus under the current mode of operation this land offers both income and recreational opportunities. This land has respectable soil ratings and must be seen to be fully appreciated. This auction truly presents an “opportunity of a lifetime” to purchase this land that has been in this family for over 100 years. To View the Survey, Tract Maps & Other Information see www.suttonauction.com or contact the auctioneers for additional information. Please mark your calendars and make plans to inspect this property prior to the auction and make plans to attend this auction!
This +/-160 acre farm will be offered as a unit. This is a farm with a combination of productive cropland and income producing CRP and/or recreational acres – that could easily be converted back to row crop production at the expiration of the existing CRP contract that expires on 9/30/2023. According to FSA information this +/-160 acre farm has approx. 156.14 acres of cropland with a 42.8 acre corn base with an 82 bu. PLC yield and a 62.24 acre soybean base with a 41 bu. PLC yield with a current total of 105.04 base acres, due to the CRP reduction in base acres of 12.06 acres of soybean base and 38.90 acres of wheat base, with the property currently enrolled under the PLC Election for Corn ARC County Election for Soybeans of the USDA Farm Program; in addition FSA indicates that currently there are approx. 51.1 acres enrolled in CRP – one on 41.0 acres enrolled at $130.56/Ac. generating a total annual payment of $5,353.00 and a second on 10.10 acres enrolled at $114.00/Ac. generating a total annual payment of $1,151.00, with both contracts scheduled to expire on 9/30/2023 with the owner receiving 100% of the payment – with these contracts to be assigned to the new owner which will receive 100% of the payments payable in 2022 & 2023. The general topography of this land is level to gently rolling with very respectable soil ratings, as according to the Spink County Assessor this farm has county soil rating of .829 and similarly information obtained from Surety Agri-Data indicates this land has a soil index rating of 83.7. The 2020 RE taxes payable in 2021 on this property were $3,532.16.
LEGAL DESC.: The SW ¼ of Sec. 32, T. 117N., R. 62W., (Harmony Twp.), Spink County, SD.
TERMS: Cash – A 10% nonrefundable downpayment on the day of the sale and the balance on or before Dec. 10, 2021. Full possession for the 2022 crop year subject to the rights of the current tenant(s) to harvest the 2021 standing crops. A Warranty Deed will be conveyed and an Owners Title Insurance Policy will be provided, with the cost of the title ins. and closing agent’s fee, if any, divided 50-50 between the buyer & seller. All of the 2021 RE taxes payable in 2022 will be paid by the seller. The acres are based on the acres as determined by a survey completed by Assurance Land Surveying, with the acres understood to be “more or less”. All survey costs will be paid by the owner. The seller(s) 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 cropland acres, yields, bases, payments & other information are estimated and not guaranteed and are subject to County Committee Approval. The buyer will be obligated to comply with the remaining terms and provisions of the existing CRP contract which expires in 2023, with the buyer to be responsible for any penalties for noncompliance in the years subsequent to closing. 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 Spink County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the sellers. Sold subject to confirmation of the owners. For additional information, contact the auctioneers.
MONTE ROBINSON, Owner – Ph. 605-949-1257
CHUCK SUTTON – Auctioneer & Land Broker – – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527
and JOE LUTTER – Auctioneer & RE Broker – Redfield, SD – ph. 605-460-3176