Steever – +/-254.40 Acres of Productive Grant & Perry Twp., Lincoln County SD Land

ESTATE LAND AUCTION

+/-254.40 Acres of Productive Grant & Perry Twp., Lincoln County SD Land – Consisting of 2 High Percentage Tillable Farms Situated in Northern Lincoln County, SD – 5 Total Rural Housing Eligibilities Between the 2 Farms

We will offer the following Land at auction “On Site” at Farm #1. Farm #1 is located from Lennox, SD –1 mile south on Hwy #17/466^th Ave & 1 mile east on Hwy #44, then ½ Mile south on 467^th Ave with the Auction to be held at the Jct. of 467^th Ave & 281^st St.

THURSDAY JULY 1, 2021                Sale Time: 10:00 AM

AUCTIONEER’S NOTE: This auction presents the opportunity to purchase +/-254.40 Acres of Productive Lincoln County, SD Farmland consisting of 2 High Percentage Tillable Farms that are Inclusive of Productive Farmland. FARM #1- +/-153.90 Acres – Features a high percentage tillable parcel of land w/ productive soils & good eye appeal. FARM #2 – +/- 100.50 Acres – A nice laying, productive parcel of high percentage tillable land & productive soils. Each of these farms will be offered individually. If you are in the market for a parcel or parcels of productive Lincoln Co., SD farmland to add to an area row crop farming operation or as an investment, then make plans to inspect these properties and be in attendance at this auction!

THESE PROPERTIES WILL BE SOLD SUBJECT TO AN EXISTING FARM LEASE FOR 2021 – with the buyer to receive a seller enhanced rent at closing on FARM #1 of $225.00 per acre on 153.90 acres for a total amount of $34,627.50, and FARM #2 – $225.00 per acre on 100.50 acres for a total amount of $22,612.50 payable at closing.

FARM #1 – +/- 153.90 Acres – Legal Desc.: The SW ¼ Ex. N. 434’ of the W. 612’ of the S. 1500’ of Sec. 10, T. 98N., R. 51W., (Grant Twp.), Lincoln Co., SD

Farm #1 will be offered as one individual +/-153.90 Acre Parcel. FARM #1 consists of a high percentage tillable parcel of land with good eye appeal and is inclusive of productive cropland with some productive soils. According to FSA Information this farm has a high percentage of tillable acres, as it has approx. 151.1 acres of cropland with non-tillable acres comprised of waterways, ditches, some lowland pockets & roads. FSA information indicates this parcel has a 75.41 acre corn base with a 118 bu. PLC yield., as well as a 75.26 acre soybean base with a 32 bu. PLC yield. According to information obtained from Lincoln County NRCS this property does have an Official Wetland Determination but has not had a Certified Wetland Determination completed on the property. The general topography of this land ranges from level to nearly level. According to information obtained from the Lincoln Co. Assessor this farm has an Overall Soil Rating of .812; similarly, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of an 81 & is comprised of primarily Wentworth-Chancellor silty clay loams & Egan-Shindler Complex soils. According to Lincoln Co. P&Z this parcel has 3 rural housing eligibilities. The 2020 RE taxes payable in 2021 on this land were $3,711.48 – which have been paid in full by the sellers. This farm is being sold subject to a lease for the 2021 crop year with the purchaser to receive a seller enhanced rental amount of $34,627.50 – $225/acre on +/- 153.90 acres payable at closing with landlord’s possession and full possession subsequent to the harvest of the 2021 standing crops.

FARM #2: +/- 100.5 Acres – Farm #2 is located from Jct. of Hwy. #17 & 278^th St. (Jerry’s Chevrolet) at Lennox SD, 2 miles east on 278^th St., and 1/2 mile south on 468^th Ave, and only approx. 1 ½ miles north, 1 mile east, & ¼ mile north of Farm #1. Legal Desc.: The SW ¼ Sec. 35, T. 99N., R. 51W., (Perry Twp.), Lincoln Co., SD. According to FSA information this farm is indicated to have 101.4 acres of cropland – which may be slightly overstated with a 50.61 acre corn base with a 118 Bu. PLC yield and a 50.51 acre soybean base with a 32 Bu. PLC yield. Additionally, this parcel has had a certified wetland determination through NRCS completed on the property. According to information obtained from the Lincoln Co. Assessor this farm has an Overall Soil Rating of .747. Comparatively, information obtained from Surety Agri-Data Inc. indicates this farm has a weighted productivity index of a 74.3. This parcel has some productive soils consisting of primarily Egan-Shindler Complex & Huntimer Silty Clay Loam soils. The general topography of this land is gently rolling. According to Lincoln Co. P&Z this parcel has 2 rural housing eligibilities. The 2020 RE taxes payable in 2021 on this land were $2,235.42 – which have been paid in full by the sellers. This farm is being sold subject to a lease for the 2021 crop year with the purchaser to receive a seller enhanced rental amount of $22,612.50 – $225.00/acre on +/- 100.50 acres payable at closing with landlord’s possession and full possession subsequent to the harvest of the 2021 standing crops.

TERMS: Cash – A 10% nonrefundable earnest money payment sale day with the balance on or before August 20, 2021, with landlord’s possession for the 2021 crop year – with the buyer to receive the 2021 seller enhanced cash rental amounts, with full possession for the 2022 crop year, subject to the rights of the current tenant to harvest the 2021 crops in accordance with the 2021 farm lease. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. These properties will be sold in accordance to the acres as stated on the county tax records with the acres understood to be “more or less”. All of the 2020 RE taxes payable in 2021, have been paid by the estate/sellers, with the buyer(s) to be responsible for all of the 2021 RE taxes payable in 2022. The sellers do not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and 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, and subject to any and all Lincoln Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners.

Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make arrangements..

MAVIS STEEVER ESTATE –  Robert Steever & Linda Seck, Owners

BRENDA ASK – Attorney for Owners & Closing Agent

CHUCK SUTTON – Auctioneer & Land Broker Sioux Falls, & Flandreau, SD – ph. 605-336-6315

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

TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates Canton, SD – ph. 605-987-2404