Witte Ag Partnership #1 – +/-120 Acres of Unimproved Elkton Twp., Brookings, Co., SD Land
July 31, 2020 @ 10:00 am
120+/-IRRIGATED ACRES ELKTON TWP., BROOKINGS CO., SD LAND
We will offer at public auction the following land located from Elkton, SD – 2 Miles South on Paved Road486th Ave & 1/2 Mile East on 219th St.
This auction presents an excellent opportunity to purchase 120+/- acres of good, nearly ALL TILLABLE irrigated land. This farm is located in a strong agricultural area and would be an outstanding addition to a farming operation or investment opportunity.Nearly All Tillable with high return opportunities!
FRIDAY, JULY 31, 2020 SALE TIME: 10:00 A.M.
This is an exceptional, nearly all tillable irrigated farm with great eye appeal that is located in a strong agricultural area close to grain elevators, the ethanol plant, and producers with manure. If you have been looking for an all tillable farm, it will be tough to find one that looks better than this one!The farm was seeded to Italian Ryegrass for 2020 with a fertilizer application as well. This farm lays level and has a well maintained7 tower Zimmatic Linsday Mfg Irrigation system with an updated 40’ well that pumps 800 gallons per minute. The pivot has a Zimmatic Corner Gun, and a GE Motor Pump. The farm also has 5 older grain bins. According to the FSA Office, the farm has 117.51cropland acres with a corn base of 113.95 acres with PLC yield of 155 bu., and a soybean base of 3.25 acres with PLC yield of 32 bu. According to AgriData Surety,this farm is predominantly made up of Class II Estelline Silt Loam, Coteau soils and has a Productivity Rating of 64.8, making this an ideal irrigated farm. This farm represents an excellent opportunity to add to your farming operation or investment portfolio with the opportunity of strong cash rents. The farm is leased for the 2020 crop year, and the new buyer will receive the 2nd half rent payment in the amount of $15,340.00.
Legal Description:N ½ of SE 1/4, SW ¼ of SE ¼, Sec.28, T-109-N, R-47-W, Elkton Twp., Brookings Co., SD
For additional information,go to our websites or contact Auctioneers.
MAKE PLANS TO ATTEND THIS AUCTION AND COME PREPARED TO BUY!!!
TERMS: 10% non-refundable earnest money deposit due day of sale with balance due on or before August 31, 2020.Closing fee and title insurance split 50/50 between buyer and seller.The seller does not warranty or guarantee that existing fences lie on the true & correct boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to SD statutes.Irrigation pivot & grain bins transfer to new buyer, possession given after 2020 farm year, per current lease agreement. 2020 rent payment and 2020 RE taxes will be split between buyer and seller. This property is sold subject to easements and restrictions, if any, reservations and/or highways of record, and is sold subject to confirmation of owner. Information contained herein, and all statements made herein are believed to be accurate but not guaranteed. Any announcements made the day of the sale shall take precedence over written materials. Auctioneers represent the seller in this transaction. Buyer or seller may elect to do a 1031 Exchange.
Witte Ag Partnership #1, LTD; Mary Engen Rep.-Owners
AUCTIONEERS/REALTORS& LAND BROKERS
Tyler & Lenny Burlage, Scott & Jim Peterson Chuck & Jared Sutton
Burlage Peterson Auctioneers & Realtors, LLC Chuck Sutton Auctioneer & Land Broker, LLC
317 4th St. Brookings, SD. 605-692-7102 Flandreau & Sioux Falls, SD 605-366-6315