318.31 +/- Acre CRP Land Auction, Deuel Co., SD

January 10, 2025 10:00 am

Portland Twp., Deuel Co., SD

Bid Online!

Directions

From Watertown SD, approximately 18 miles east on Hwy 212 then 2.5 miles north on Hwy 212, or from Clear Lake, 9 miles north on Hwy 15, then 2.5 miles north on Hwy 212.

Tract 1 Sold for $4,825 Per Acre; Tract 2 Sold for $4,500 Per Acre; Total Sale - $1,484,395.00

Auctioneer Notes

This auction presents an opportunity to purchase high quality CRP land with excellent recreational elements and currently enrolled in attractive CRP contracts. The land is ideally located just off Hwy. 212 and presents a wildlife haven for deer, waterfowl & pheasants with lush grass, mature trees, & a natural fed pond. Don’t miss this sale with strong CRP payments and quality acres that would also be suitable for cultivation and future row crops. The land will be offered as a unit or in two parcels as the NW ¼, 160 +/- Acres & the NE ¼ 158.31 +/- Acres.

Overview

This prime CRP land has 271.17 +/- acres enrolled in strong CRP contracts, and has a great location w/ Hwy. 212 access. The land is within close proximity to many surrounding communities, including Watertown, Clear Lake, Goodwin, Revillo, Kranzburg, and the SD/MN border. This land offers multiple prime uses and recreational elements & has excellent cover for wildlife habitat. The farm has a gentle laying topography, primarily featuring Barnes-Svea Loam Renshaw-Fordvill Coteau soils, providing suitable acres and soils for future row crop opportunities for a buyer too. Mature trees and shelter belts, along with lush grasses and a pond fed from a natural water source are all present and make this a wildlife & habitat haven. Per the FSA office, the land produces $49,551.00 in annual CRP payments with contracts that run through 2030. The land also has an optional $3,120.00 public walkin payment that the buyer can elect to receive or have terminated prior to closing.

Tract 1 - NW 1/4 160 +/- Acres with 135.44 +/- CRP acres, generating an annual CRP payment of $24,786.87, with an additional & optional $1,568.22 walkin payment.
Tract 2 - NE 1/4 158.31 +/- Acres with 135.73 +/- CRP acres, generating an annual CRP payment of $24,764.13, with an additional & optional $1551.78 walkin payment.
Tract 3 Unit - NW 1/4 & NE 1/4, 318.31 +/- Acres with 271.17 +/- CRP acres, generating an annual CRP payment of $49,551.00, with an additional & optional $3,120 walkin payment.

Description: NW ¼ & NE ¼ Less Lots H-2 & H-3 of Sec. 22, T-117-N, R-49-W, Portland Twp., Deuel Co. SD

Description

NW ¼ & NE ¼ Less Lots H-2 & H-3 of Sec. 22, T-117-N, R-49-W, Portland Twp., Deuel Co. SD

Terms

10% non-refundable earnest money deposit due day of sale with the balance due on or before closing and possession of February 11th, 2025. Closing fees & title insurance is split 50/50 between buyer & sellers. The seller will pay the 2024 RE taxes, and the new buyer will pay the 2025 taxes payable in 2026. The real estate taxes for this land are approximately $11.75 per acre. The new buyer may elect to continue to receive the public walkin payment, or have the sellers terminate the walkin agreement prior to closing. The farms are sold subject to easements and restrictions, if any, and sold subject to confirmation of owners. The farms are offered as is, where is, without warrantees or guarantees of any kind. Preliminary title will be ordered and provided prior to the sale. Information contained herein and all statements made are believed accurate but not guaranteed. The sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. The buyers are responsible to conduct their own due diligence on the land, and will inherit and be responsible for the CRP contracts attached to said parcels. Listed breakdown for the public walkin payment if the land sells separate is believed accurate but may slightly vary. The auctioneers represent the seller in this transaction. Buyers or sellers may elect to conduct a 1031 exchange.

Owner

AOC Farms, LLC

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Office@burlagepeterson.com or 605-692-7102 Sutton Auctioneers & Land Brokers, LLC Office@suttonauction.com or 605-336-6315