Svennes – 2 Parcels of Brandon Twp., Minnehaha Co., SD Land

LAND AUCTION  

2 Individual Parcels of Very Well Located Brandon Twp., Minnehaha County, SD Land – Consisting of Farm #1 – +/-35 Acres & FARM #2 – +/-138.30 Acres – Both are High Percentage Tillable and Highly Productive Parcels of Land – Each has 1 Remaining Housing

We will Offer BOTH OF THESE PARCELS at Public Auction “ON SITE AT FARM #1” – at the Jct. of 256^th Street & 479^th Ave. – Located from the EROS Exit #402 on I-90 – 4 ½ miles north on Co. Hwy. #121 (478^th Ave.) to 256^th St., then 1 mile east on 256^th St. to the NW Corner of Farm #1; from the Brandon/Corson, SD Exit on I-90 – 2 ½ miles north on Hwy. #11, 3 miles west on 258^th St. (Co. Hwy #130) and 2 miles north on 479^th Ave. to the NW Corner of Farm #1; or from Garretson, SD – ½ mile south, 6 miles west on 254^th St. and 2 miles south on 479^th Ave. 

THURSDAY JULY 8, 2021                     SALE TIME: 10:00 AM 

AUCTIONEERS NOTE:  This auction awards an opportunity to purchase a parcel or parcels of Well Located High Caliber Parcels of  Brandon Township, Minnehaha County, SD Land – Each with 1 Remaining Rural Housing Eligibility.  These Farms are located in a highly regarded agricultural area of Minnehaha County, SD and could serve as additions to area row crop farming operations or as an investment, with the added opportunity for potential future establishment of rural housing sites by use of the rural housing eligibility remaining on each of the parcels.  Make plans to inspect these properties and mark your calendars and make plans to be in attendance at this auction.  Chuck Sutton 

THIS PROPERTY 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 $300.00 per acre on 35 acres for a total amount of $10,500.00 payable at closing; and on FARM #2 – $300.00 per acre on 138 acres for a total amount of $41,400.00 payable at closing.  

FARM #1:  +/-35 Acres – LEGAL DESC.:  All that Portion of the NW ¼, also known as Gov’t Lot 2 of the NW ¼, lying north of Warriner’s Tract 1 in Gov’t Lot 2 in Sec. 5, T. 102N., R. 48W., (Brandon Twp.), Minnehaha Co., SD.

Farm #1 consists of a well located +/-35 acre parcel of land.  According to FSA information Farm #1 has approximately 35.94 acres of cropland (which may be slightly overstated, the non-tillable acres are comprised of a waterway and roads), with an FSA 19.32 acre corn base with a157 bu. PLC yield and a 5.66 acre soybean base with a 49 bu. PLC yield and has been enrolled under the ARC County election of the USDA farm program.  According to NRCS information there is only an “Official” wetland determination on file as a “Certified Wetland Determination” has not been completed on this land.  According to information obtained from Surety Agri-Data, Inc. indicates this parcel has a Soil Productivity Index of an 81.6.  This is a choice farm which has quality soils and also has recently had some waterway improvement and tree removal project completed on this property.  This parcel has a gently rolling to rolling topography.  According to M’haha. Co. Planning and Zoning this parcel has one remaining rural housing eligibility by conditional use. The 2020 RE Taxes payable in 2021 on this property are $2,855.36. 

FARM #2:  +/-138.30 Acres – LEGAL DESC.:  Tract 3 of Egger’s Addition in the SW ¼ of Sec. 7, T. 102N., R. 48W., (Brandon Twp.), Minnehaha Co., SD – Located from – The EROS Exit #402 on I-90 – Approx. 2 ½  miles north on 478^th Ave. (Co, Hwy. #121) – This property is located on the east side of the road and the existing acreage sites are EXCLUDED from the portion being sold; this property is located from Renner, SD – 4 miles east – then either ¼ mile north on Hwy. #121 (478^th Ave.) or ¼ mile east on Hwy. #130 (258^th St.). 

This property is very well located being bordered on the west by Co. Hwy. #121 (478^th Ave.) and on the south by Co/ Hwy. #130 (258^th St.).  According to FSA information Farm #2 has approximately 134.51 acres cropland (the non-tillable acres are comprised primarily of some grassland/hayland, drainage and roads, with an FSA 117.3 acre corn base with a 152 bu. PLC yield and a 11.90 acre soybean base with a 49 bu. PLC yield and has been enrolled under the ARC County election of the USDA farm program.  According to NRCS information there has been a “Certified Wetland Determination” completed on this land.  According to the M’haha. County Assessor FARM #2 has an overall soil rating of .764, comparatively info. obtained from Surety Agri-Data, Inc. indicates FARM #2 has a Soil Productivity Index of 76.6.  This parcel has a gently rolling to rolling topography.  According to M’haha. Co. Planning and Zoning this parcel has one remaining rural housing eligibility by conditional use.  The 2020 RE Taxes payable in 2021 on this property are $4,073.86.

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale 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 based on the acres as stated on surveys as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”.  All of the 2020 RE taxes payable in 2021, will be 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.  The seller may desire to utilize this property in connection with a 1031 tax free exchange, and if so, the buyer will agree to cooperate with facilitation of the exchange, with all related costs of the exchange to be paid by the seller.  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 Minnehaha Co. Zoning Ordinances.  The RE licensees in this transaction stipulate that they are acting as agents for the seller.  Sold subject to confirmation of the owners.The properties included on this auction have the potential to fulfill the needs of a variety of buyers, including those looking for a location to construct a rural residence, buyer in the market for high quality productive cropland to add to their farming operation and/or their investment portfolio.  These are extremely desirable parcels of high caliber land that truly must be seen to be appreciated!  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. 

JEFFREY AND LESA SVENNES TRUSTS, Owners – Jeff Svennes – ph. 605-690-1311 

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

DEAN GULBRANSON – RE & Pers. Property Auctioneer- Madison, SD – ph. 605-695-0133

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