146.68 Acre Land Auction, Moody Co., SD

March 8, 2024 10:00 am

Clare Township, Moody County SD

Directions

We will offer the following parcel of land “On Site” at the land located from River’s Edge Cenex on the west side of Flandreau, SD – 6 miles west on SD Hwy. #32 to 474th Ave. (the NE Corner of the land); or from the Flandreau SD Exit #114 on I-29 – 1½ miles east on SD Hwy. #32.

Sold For $15,500 Per Acre or $2,273,540.00

Auctioneer Notes

This auction awards the opportunity to purchase land with a combination of superb soils, existing drain tile, excellent eye appeal and a great location. This land is situated in Clare Township in Moody County, SD, that is one of the “Garden Spots” of Eastern SD, which historically is an area where ownership is tightly held and seldom comes available on the open market. It is noteworthy that this land has been in the Bowen/Johnson Family for over 90 years, making this truly a once in a lifetime opportunity to purchase this choice farmland. This land will be sold with the buyer to receive full possession of this land for the 2024 crop year. If you are in the market for land as an addition to a row crop farming operation or as an investment, you will want to inspect this property and make plans to be in attendance at this auction!

Overview

The land being offered for sale on this auction consists of a parcel of land with a very high percentage tillable and is inclusive of choice high caliber cropland with some extremely high quality soils. This land will be offered as a +/-146.68 Acre Unit, with the acres being sold to be in accordance with a survey as completed by Stockwell Engineers, Inc. According to FSA information this farm has approximately 144.31 acres of Farmland with 139.85 Cropland Acres with a 68.80 acre corn base with a 155 Bu. PLC Yield and a 64.90 acre soybean base with a 49 bu. PLC yield. The non-tillable acres are comprised of a +/- 4.5 acre grassed waterway/drainage, ditches and roads. The general topography of this land is level to gently rolling. Probably one of the most noteworthy attributes of this farm is that the cropland acres consist of virtually 100% of Class I & II soils. According Moody County Assessor’s information this farm has a soil rating of a .848, comparatively according to information obtained from Surety Agri-data Inc., this parcel has a weighted Productivity Index of an 86.2 and indicates that approx. 98% of the soils are comprised of Class I & II soils, with lower quality soils in the waterway and drainage. The farmability of this land has been enhanced by the installation of a substantial amount of drain tile. The 2023 taxes payable in 2024 on this land are $4,259.16. This is a choice parcel of land that has the potential to fulfill the needs of a variety of buyers, including those looking for high quality productive cropland to add to their farming operation and/or investment portfolio.

Description

The NE¼, Except Lot H-2 thereof, of Sec. 29, T. 107 N., R. 49 W., (Clare Twp.), Moody County, SD.

Terms

A 10% non-refundable earnest money payment on the day of the sale and the balance on or before April 26, 2024 with full possession for the 2024 crop year. Marketable title 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 will be divided 50-50 between the buyer and seller. The total acres being sold will be based on surveyed acres as determined by Stockwell Engineers, Inc., with the acres understood to be “more or less”. All of the 2023 RE taxes payable in 2024 will be paid by the sellers, with the buyer to be responsible for all of the 2024 RE taxes payable in 2025. The sellers do not warranty or guarantee that the existing fences lie on the on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA cropland, yields, bases & other information is estimated and not guaranteed 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 applicable Moody 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 trustees/personal representatives.

Owner

DELORES JOHNSON ESTATE TRUST

Additional Information

Sutton Auction & Land Brokers, LLC & Burlage Peterson Auctioneers & Realtors, LLC Land Brokers, Auctioneers, Realtors & Farm Managers. 605-336-6315 or 605-692-7102