236 +/- Acre Land Auction, Brookings County, SD

May 18, 2021 12:00 am

Brookings County, SD

Directions

TRACT 1 SOLD FOR $11,800 PER ACRE OR $1,888,000.00 • TRACT 2 SOLD FOR $8,100 PER ACRE OR $651,600.00

Auctioneer Notes

Prime Brookings County farm land! The 160 +/- acre farm in Parnell Twp. is all tillable with drain tile and features a strong rating with Kranzburg-Brookings Loam soils. The 76 +/- acre farm is in Aurora Twp., and is predominantly tillable with drain tile, a strong soil rating, and on a paved road close to Brookings.

Overview

Tract I – 160 +/- All Tillable Acres

This nearly all tillable corn and soybean farm lays nice and has good eye appeal. According to Surety AgriData, the farm has a soil rating of 86.5, primarily featuring Kranzburg-Brookings Silty Clay Loam Soils. Per the FSA Office, the farm has 153.60 Effective Cropland acres with a corn PLC yield of 163 bu., and a soybean PLC yield of 39 bu. This is an ideal row crop farm in an excellent agricultural area with installed drain tile, and will generate top yields and returns. The farm will be offered as 160 +/- acres or two 80 +/- acre parcels as an East & West ½.

Description: NE ¼ of Sec. 10, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD

Tract II – 76 +/- Acres

This predominantly tillable farm is located on a paved road with good access and features strong Class I & II soils with a rating of 78.5 on the tillable acres, per Surety AgriData. According to the FSA Office, the farm has 65.75 Effective Cropland acres with a corn PLC yield of 163 bu., and a soybean PLC yield of 39 bu. This farm is located in a good agricultural area, has drain tile installed, and would make an excellent addition to a farming or investor’s portfolio.

Description: S ½ of SE ¼ Exc. 2 Acreage Sites, Sec. 3, T-110-N, R-49-W, Aurora Twp., Brookings Co., SD

Description

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before June 30th, 2021. The farms are leased for the 2021 crop year with the new buyers receiving a seller enhanced credit at closing of $40,000 for Tract 1, and $19,000 for Tract II. Title insurance and closing fee split 50/50 between buyer & seller. Buyers to pay 2021 real estate taxes due and payable in 2022. 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 Yields & bases are recorded together, and cropland acres are not guaranteed to be exact. Information contained herein is believed to be correct but is not guaranteed. These farms are sold subject to the existing lease for 2021 crop year, easements and restrictions, if any, and is sold subject to confirmation of the owners. If Tract 1 is sold separate, a survey will be provided. Information contained herein and all statements made herein are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. Auctioneers represent the seller in this transaction.

Owner

VICTORIA “SHORT” DEPUMA & PETER DEPUMA

Burlage Peterson