TIME CHANGE – 2:00 p m – Wenande – Multi-faceted +/- 99.24 Acres Wayne Township, Hanson County, SD Land
March 17 @ 2:00 pm
LAND AUCTION
Multi-faceted +/- 99.24 Acres Wayne Township, Hanson County, SD Land – Inclusive of a Mixture of CRP/Cropland & Hunting Habitat
We will offer the following real property at auction “On Site” at the land located Alexandria, SD (Exit #344 on I-90) – 4 ½ miles south on Co. Hwy. (421st Ave.) and ½ mile east on 261st Street to the SW Corner of the Land.
FRIDAY MARCH 17, 2023 SALE TIME: 2;00 PM
This auction presents a great opportunity to purchase +/-99.24 surveyed acres which is situated in an excellent hunting and agricultural area of Hanson County, SD, that is inclusive of established CRP that provides a nice cash flow which complements the hunting and recreational aspects of this property.
This is a unique hunting and recreational parcel of land with established CRP which provides an income stream to supplement the hunting and recreational amenities of this property. Currently this property has approximately 78.45 acres enrolled in the CRP program under two existing contracts – contract #11118C covers 55.15 acres enrolled at a rate of $234.34 per acre generating a total annual payment of $12,924.00 with the contract scheduled to expire on Sept. 30, 2031 and a second contract #11310A covering 23.30 acres at a rate of $185.00 generating a total annual payment of $4,312.00 with the contract scheduled to expire on Sept. 30, 2031 – for a combined total payment of $17,236.00 –– presently there are approx. 29.22 acres under contract 11118C on which reseeding is required on these acres (Seller will agree to complete or pay for the reseeding in order to re-establish the grass stand on these acres). According to FSA information virtually all of the cropland acres on this parcel are enrolled in the CRP program, with the remaining acres being comprised of a 2.12 acre area utilized as a strategically located food plot, with the remainder being pasture, slough and recreational hunting habitat. This property with the combination of CRP and the noncropland acres that provide a haven for deer, pheasants, waterfowl and other wildlife. According to info. obtained from Surety Agri-Data, Inc. its indicated that this parcel has a weighted productivity index of 77.2. According to US Fish & Wildlife there is an existing wetland easement on this property. Previously this parcel of land was part of a larger tract and overall the 2021 RE taxes payable in 2022 were approx. $12.20 per acre. If you are in the market for a parcel of land with both income and hunting/recreational amenities, then make plans to inspect this property and be in attendance at this auction
LEGAL DESC.: The SE¼, except Tr. 1 of Albertz Add’n. and except Tr. 1 of Prairieland Farms Add’n., in Sec. 27, T. 102N. R. 58W., (Wayne Twp.), Hanson Co., SD.
TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before May 1, 2023 with full possession. A Trustee’s Deed will be conveyed with an owner’s title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee, if any, will be divided 50-50 between the buyer and seller. The seller will pay for or will complete the reseeding by June 1, 2023 to remain in compliance with the existing CRP contract on the 29.22 acre field and the buyer shall receive 100% of the CRP payment payable in 2023 with no proration payable on Sept. 30, 2023; subsequently the new owner will succeed to the existing CRP contracts with the new owner(s) to be obligated to comply with all of the remaining terms and provisions of the existing CRP contracts; any penalty for non-compliance with the existing CRP contract or buyout of the existing CRP contract will be the responsibility of the new owner(s). All of the 2022 RE taxes payable in 2023 will be paid by the sellers, with the purchaser to be responsible for 100% of the 2023 RE taxes payable in 2024. The acres being sold are based on a survey as completed by Surveyor Nathan Neilson, with the acres are understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA CRP, cropland, yields, bases & other information is estimated and not guaranteed and will be subject to an FSA reconstitution 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 County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the agent for the owners. Sold subject to confirmation of the Owners.To make arrangements for absentee bidding or other information contact the auctioneers.
DONALD & PAMELA WENANDE TRUST, Owner – Ph. 605-770-0595
TERRY HAIAR – RE Auctioneer – Alexandria, SD – ph. 605-239-4626
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527