160 +/- Acre Land Auction, Spring Lake S Twp., Kingsbury Co., SD

October 19, 2023 10:00 am

Spring Lake S Twp., Kingsbury Co., SD

Bid Online!

Directions

Located from Oldham SD, 2 miles north on oil road 445th Ave., then 2 miles east on 216th St., or from Hetland Corner on Hwy. 14, 6 miles south on oil road 449th Ave., & 2 miles west on 216th St.

Sold for $9,650 Per Acre or $1,544,000.00

Auctioneer Notes

Auctioneer’s Note: This sale represents the opportunity for a high producing row crop farm in a coveted agricultural area in Kingsbury County. The inside farm is predominantly tillable and primarily made up of strong class I and II soils. The auction will be held live at the farm with online bidding available the day of the sale.

Overview

This high yielding corn and soybean farm is well located in a strong agricultural area in Kingsbury Co., SD. The primary soil present on the farm is Poinsett-Buse-Waubay Complex, and the land is predominantly made up of high producing class I and II soils with a total weighted rating of 81.2; ideal for corn and soybeans. Per the FSA Office, the farm has 144.31 DCP cropland acres and 133.40 base acres with a corn PLC yield of 141 bu., and a soybean PLC yield of 40 bu. The farm utilizes more acres for production by being an inside parcel, and there is potential for additional acres to be added into row crop production too. Also present are two grain bins located on the NW corner of the farm. The new buyer will receive full possession for the upcoming 2024 crop year. Don’t miss this opportunity for a strong farm that would be an excellent addition to your portfolio!

Description

NW ¼ of Sec. 13, T-109-N, R-54-W, Spring Lake Twp., Kingsbury Co., SD; 160 +/- Acres

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before November 30th, 2023. Per the expiring lease, the farm is free for possession upon removal of the crop in the fall of 2023. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2023 real estate taxes due and payable in 2024. 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. The new buyer is responsible for conducting their due diligence for any future uses and practices with the property. The farm is sold subject to easements and restrictions, if any, and is sold subject to confirmation of the owners on the day of the sale. The information contained herein, and all statements and descriptions made 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

JTJ LLC & CAT LLP - OWNERS

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102 317 4th Street, Brookings SD | www.burlagepeterson.com

What our clients say about us!

Our family personal and farming operations have utilized Burlage Peterson Auctioneers and Realtors
for more than 30 years. They have provided exceptional support in the acquisition
and sale of both agricultural farmlands as well as personal real estate.
The firm has always provided individualized, professional support in all our
real estate transactions. They are market knowledgeable and always current on existing
and changing trends in the marketplace.Absolutely top notch! Highly recommend!

Burlage-Peterson helped us sell our house with their auction service.
Burlage-Peterson provided us with a great team to complete this process.
They were professional, respectable, and very caring of our needs from start to closing.

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