307.37 +/- Acre Land Auction, Brookings Co., SD

September 15, 2022 10:00 am

Brookings Twp., Brookings Co., SD

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Directions

Located in Brookings Twp. & Co., SD. From Brookings & Hwy. 14 Bypass, 1 mile west to Co. Hwy. 9, (469th Ave), then 2 miles north to W 42nd St (209th St), then 1 mile west

Sold for $7,000 Per Acre or $2,151,590.00

Auctioneer Notes

Auctioneer’s Note: This sale represents the opportunity to purchase one or two predominantly tillable, Brookings Co. farms. Both farms feature wells, and are located across the road from each other. The farms will be offered individually or as a unit, and the sale will be held onsite w/ live & online bidding available. Water & Well Permit Documents is posted below under Info Sheet.

Overview

Tract I – 151.5 +/- Acres
This nearly all tillable farm has a gentle laying topography with good eye appeal. Per the FSA Office, the farm has 142.30 base cropland acres with a corn PLC yield of 134 bu., and a soybean PLC yield of 35 bu. The farm has a productivity rating of 54.8 in accordance with Brookings Co. Beacon map & Surety AgriData. This farm also has a 40 ft. well that pumped approx. 800 gal. per minute, and does feature a small amount of recently installed drain tile. This corn & soybean farm will be offered individually or as a unit with Tract II. The total acres for this tract will reflect the new survey, listed as 151.5. A copy of the survey is posed above.
Description: SE ¼ (Exc. Acreage) of Sec. 5, T-110-N, R-50-W, Brookings Twp., Brookings Co., SD, 151.5 +/- Acres,

Tract II – 155.87 +/- Acres
This predominantly tillable farm features 150.20 base cropland acres with a corn PLC yield of 129, and a soybean PLC yield of 36. The farm has a productivity rating of 57.8 according to the Brookings Co. Beacon map, & 48.5, in accordance with Surety AgiData. This farm has two 25 ft. wells and features a towable, 7 tower Zimmatic irrigation pivot that was last operated approximately in 2012. This Zimmatic, Lindsey Mfg. pivot has an end gun, valley center drive motors, and a Zimmatic control panel. When last used, water was pumped from the well located on Tract I. The farm is located across the road from Tract I, and will be offered individually or as a unit.
Description: NE ¼ (Exc. Acreage) of Sec. 8, T-110-N, R-50-W, Brookings Twp., Brookings Co., SD

Description

SE ¼ (Exc. Acreage) of Sec. 5, & NE 1/4 (Exc. Acreage) of Sec. 8, T-110-N, R-50-W, Brookings Twp., Brookings Co., SD

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before October 19th, 2022. Per the expiring lease, the farms are free for possession upon removal of the crop in the fall of 2022. Title insurance and closing fee split 50/50 between buyer & seller. Buyers to pay 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. Information contained herein is believed to be correct but is not guaranteed. The well on tract 1 was used for the pivot on tract 2. If sold separate, the new buyer will be responsible to utilize their own well or come to a well water agreement with the owner of tract 1. The new buyer(s) will be responsible to obtain new water permits if they choose to utilize the wells. These farms are sold subject to easements and restrictions, if any, and is sold subject to confirmation of the owners. Total acres for tract 1 will be in accordance with a new survey for the acreage that will be excluded. Total acres of new survey come to 151.5. 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

Barbara Brands, Donna Hildebrant, Gary & Keith Tofte, Julie Brown – Owners

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC - Land Brokerage Firm. Tyler, Scott, Dustin, Lenny, Jim & Jill. Land Brokers - Auctioneers - Realtors - Farm Managers.