232.90 +/- Acre Land Auction, Brookings Co., SD

February 11, 2022 10:00 am

Parnell Twp., Brookings Co., SD

Bid Online!

Directions

We will offer the following farm land at public auction, located from Elkton, SD 5 miles West and 3 miles South on Hwy. 13, then 1 mile West on 220th St., or from Interstate 29, Elkton Exit #127, 7.5 miles East on Hwy. 324, then 3 miles South on 480th Ave., or from Flandreau SD, 10 miles North on Hwy. 13 & 1 mile West on 220th St. The farm is located at the corner of 220th Street & 480th Avenue.

Sold As Unit For $12,100 Per Acre or $2,818,090.00

Auctioneer Notes

Auctioneers’ Note: This auction presents an opportunity to purchase an exceptional corn & soybean farm in a strong agricultural area. The farm consists of high rating Class I & II soils, predominantly featuring Kranzburg Brookings Silty Clay Loam, and has over 52,000 ft. of drain tile. This farm will be offered as a unit or in two tracts. The auction will be conducted at the farm with live & online bidding available.

Overview

Tract 1: 152.90 +/- Acres – SE ¼, 152.90 +/- acres, predominantly tillable and high rating farm.
Tract 2: 80 +/- Acres – E ½ of SW ¼. Inside 80 +/- acres, predominantly tillable and high rating farm.
Tract 3: 232.90 +/- Acres – Unit tract, combination of tracts 1 & 2. This quality farm presents the opportunity to purchase 232.90 acres of prime Parnell Twp., Brookings Co. land. The farm is predominantly comprised of strong Kranzburg Brookings Silty Clay Loam soils and has a cropland soil productivity rating of 80.5, ideal for row crops. According to the FSA office the farm has 216.49 DCP Cropland acres, and the farm has over 52,000 ft. of 5 & 6” drain tile, all installed since 2009. The farm was planted to soybeans for 2021 and has an excellent location in a strong agricultural area. The farm is leased for the 2022 crop year for $350 per acre. The new buyer will receive the full 2022 rent payment of $75,775 upfront as a credit at closing. The farm will be offered as a unit or as two individual tracts, and if sold separate the rent credit will be split accordingly. The farm is within close proximity to dairies, feed lots, hog units, elevators & the ethanol plant. This strong farm will consistently produce top yields or generate strong cash rents, and will make for an excellent addition to your farming or investor portfolio!

Description

Description: SE ¼ Exc. Lot 1, & the E ½ of SW ¼, Sec. 32, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD

Terms

TERMS: 10% non-refundable earnest money deposit due day of sale; balance due on or before March 16th, 2022. Closing fees split 50/50 between buyer & sellers. The buyer will receive the full 2022 rent payment as a credit at closing, and the lease expires after the 2022 crop year. If the farm sells as a unit, the buyer will receive the full credit at closing of $75,750. If the farms are sold separate, the rent credit will be $50,000 for Tract 1 & $25,750 for tract 2. If property is sold in two tracts, a survey will be provided and the expense will be split 50/50 between the buyers and seller. The 2021 RE taxes, payable in 2022 are paid by the seller, buyers are responsible for 2022 taxes payable in 2023. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farm is offered as is, where is, without warrantees or guarantees of any kind. Information contained herein and all statements made herein are believed accurate but not guaranteed. Sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. The auctioneers represent the seller in this transaction. Buyers or sellers may elect to do a 1031 exchange.

Owner

LESLIE L. & DEBRA A. BURLAGE LIVING TRUST – OWNER

Additional Information

LAND BROKERAGE FIRM & AUCTIONEERS Tyler, Lenny, Scott, Jim, Dustin & Jill - Burlage Peterson Auctioneers & Realtors, LLC. Land Brokers - Auctioneers - Realtors - Farm Managers. Office@burlagepeterson.com or 605-692-7102