120 +/- Acre Irrigated Land Auction, Brookings Co., SD
Overview
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 maintained 7 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 117.51 cropland 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.
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
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. 4 of the 5 grain bins are in working condition. 1 bin has had recent wind damage to roof. Valley control panel is not included with irrigation system. Original control panel will be attached and hooked up at closing, or buyers can have option to purchase the Valley Control Panel from the renter, and have it remain with the property. Water license #3185-3, and ownership can be switched via Water Rights Program, 605-773-3352. 2020 rent payment and 2020 RE taxes will be split between buyer and seller. Buyer will receive rent payment in form of a credit at closing. 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.
Owner
Witte Ag Partnership #1, LTD; Mary Engen Rep. - Owners
Additional Information
Brookings County, SD