160 Acre Tillable & Pasture Land Auction, Argo Twp., Brookings Co., SD.

October 4, 2018 12:00 am

Brookings County, SD

Directions

Sold for $5,200 per acre

Auctioneer Notes

Highly productive farm with a strong soil rating and predominantly Class I & II Soils. This attractive 160+/- acre farm presents an opportunity to purchase an excellent 97+/- acre tract, a 63+/- acre tract of good pasture grass, or the entire 160+/- acre parcel. 110.18 deemed cropland acres per FSA office. Auction conducted on site!

Overview

Tract 1: This nearly all tillable parcel consists of 97+/- acres of highly productive farmland with a high productivity index rating of 83.1. The farm predominantly has Barnes Clay Loam soil, representing approx. 93 acres of this tract. According to the FSA Office this farm has 91.7 base acres, with a Corn PLC Yield of 125, a Wheat PLC Yield of 52 and a Soybeans PLC Yield of 28. This farm lays level and has excellent eye appeal with 2 nearly identical parcels on the North and South sides of the farm. This nearly all tillable farm will make for an excellent addition to a farmer’s or investor’s portfolio as it is high producing and will generate strong cash rents.

Tract 2: This inside laying 63+/- acre parcel represents an excellent opportunity for a level laying pasture piece with established fences, gated access from the road, and a good natural water source. This pasture piece has a stock dam on the West side of the farm and also provides an opportunity for additional tillable acres. The property also provides an opportunity for a potential building site and could make for an attractive place to build as the land lays level, is within 1 mile of 2 tar roads, and has easy access to area communities such as Brookings & White, and Interstate 29.

Description

SE 1/4 in Sec. 35, T-112-N, R-49-W, Argo Twp., Brookings Co., SD

Terms

10% non-refundable earnest money deposit due day of sale with balance due on or before January 5, 2019. Marketable Title will be conveyed. Buyer(s) to be responsible for payment of the 2019 RE Taxes. Closing fee 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. 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. Farm is free and clear for 2019 possession. Information contained and all statements made are believed to be accurate but not guaranteed and exact acres not guaranteed if sold separate. Farm sold as is where is without warrantees, guarantees or contingencies of any kind. Buyer or seller may elect to do a 1031 Exchange. Total acres will be dependent upon survey. Announcements made day of the sale shall take precedence over all written materials. Auctioneers and Realtors represent the sellers in this transaction.

Owner

NORTHBROOK FARMS LLC

Additional Information

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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