This farm is nearly all tillable and is enrolled in soybeans for the 2021 crop year. The new buyer will receive full possession for the 2022 crop year. 158.92 cropland acres per the FSA Office & Predominantly Class II & III soils per Surety AgriData. Make plans to attend this sale!
Overview
This nearly all tillable corn and soybean farm has a level laying topography with good eye appeal. According to the FSA Office, the farm has 158.92 cropland acres and is enrolled in soybeans for the 2021 crop year. The farm has a corn PLC yield of 122 and a soybean PLC yield of 32. The farm has a 0-3% slope and predominantly features Class II & III rating Cresbard-Cavour & Forman Cresbard soils. This farm has good access and is within close proximity of two highways and is only 5 miles from the Spink/Clark Co. border. The farm is free for possession for the 2022 crop year and will make an excellent addition to your row crop operation or investor portfolio.
Description
NE ¼ of Section 19, T-117-N, R-60-W, Spring Township, Spink County, SD
Terms
Seller Financing Offered: 10% non-refundable earnest money deposit due the day of the sale. An additional 10% will be due on or before the closing date, November 12th, 2021. A 4% interest rate is offered on a 20 year amortization schedule, with balance due from the buyer at 10 years, on or before January 15th, 2032. A Contract for Deed will be provided from the seller to the buyer, prior to closing.
Non seller financing option terms are 10% non-refundable earnest money deposit due the day of sale with balance due on or before November 12th, 2021. Title insurance and closing fee split 50/50 between buyer & seller. Sellers will pay the 2021 taxes and the new buyer will pay the 2022 RE taxes. Sellers do not guarantee that existing fences lie on the true boundaries, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The cropland acres, yields and bases are per the FSA office. Information contained herein is believed to be correct but is not guaranteed. The new buyer will receive possession for the 2022 crop year, and the farm is sold subject to confirmation of the owners. Information contained herein and all statements made herein are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.
Owner
ELIZABETH J. SKERBITZ TRUST
Additional Information
Auctioneers & Brokerage Firm
Tyler Burlage, Lenny Burlage, Scott Peterson, Jim Peterson
Burlage Peterson Auctioneers & Realtors, LLC
605-692-7102 or Office@burlagepeterson.com
317 4TH STREET, BROOKINGS, SD, 57006
Spink County, SD
