534.03 ACRE LAND AUCTION, MOODY CO., SD

June 21, 2018 12:00 am

Moody County, SD

Directions

TRACT I SOLD $10,100 PER ACRE | TRACT II SOLD $11,050 PER ACRE | TRACT III SOLD $11,000 PER ACRE | TRACT 4 & 5 SOLD $7,800 PER ACRE

Auctioneer Notes

This auction presents a rare opportunity to purchase up to 534.03 +/- acres of nearly all tillable Grovena & Clare Townships, Moody County, SD land. This land is located in what’s known as the “Agricultural Garden Spot” of eastern South Dakota all within a few miles from Flandreau, SD. This land has been in the Babcock family for many years. Now is the time if you are in the market for land that could serve as an outstanding addition to a row crop farming operation or investment opportunity.

Overview

Tract I – 79.04 +/- Acres This farm is located from Flandreau, SD, 3 miles south on Hwy. 13 and ½ mile east on Hwy. 34. This highly-productive inside farm is all tillable and has predominately Moody Silty Loam and Grovena Loam Soils. According to Surety AgriData, this farm has an impressive productivity index of 85.9. This farm lays level with excellent eye appeal has a corn base of 65.87 acres with a PLC yield of 141 bushels. The new buyer will be credited on 78.82 tillable acres at $275 per acre or $21,676 at closing.

Legal Description: W ½ of SE ¼ Excluding Lots H-1 & H-2 of Section 3, T-106-N, R-48-W, Grovena Twp.

Tract II – 80 +/- Acres Located from Flandreau, SD, 5 miles west on Hwy. 32, 2 ¼ miles north on 475th Ave. or from I-29 Flandreau Exit 114, 2 ½ miles east on Hwy. 32, then 2 ¼ miles north on 475th Ave. This choice, highly-productive, inside 80 acres is all tillable and has predominately Moody-Trent Complex and Moody Silty Clay Loam with Surety AgriData productivity index of 89.2. The farm has a corn base of 79.26 acres with a 154 bushel corn yield. The new buyer will be credited on 79.67 tillable acres at $275 per acre or $21,910 at closing.

Legal Description: N ½ of SE ¼ of Section 9, T-107-N, R-49-W, Clare Twp.

Tract III – 60 +/- Acres Located ¾ mile north of Tract II on 475th Ave. This inside 60 acres is all tillable and has predominately Moody Silty Clay Loam and Wakonda-Chancellor Complex soils and according to Surety AgriData has a productivity index of 86.3. This is another highly-productive corn and soybean farm. The new buyer will be credited on 58.75 tillable acres at $275 per acre or $16,157 at closing.

Legal Description: N 60 Rods of N ½ of SE ¼ of Section 4, T-107-N, R-49-W, Clare Twp.

Tract IV – 155.27 +/- Acres The auction will be held at this site from Flandreau, SD, 4 miles south on Hwy. 13, ¼ mile east on 234thSt. This 155 +/- acre farm has app. 151.95 tillable acres. The farm has predominately Grovena-Bonilla and Doland Loam soils. The farm has gentle slope to the south and is joined to the west by Hwy. 13. The new buyer will be credited on 151.95 tillable acres at $275 per acre or $41,787 at closing.

Legal Description: SW ¼ Exc. N 381.31’ of W 557.04’of Section 10, T-106-N, R-48-W, Grovena Twp.

Tract V – 159.72 +/- Acres This farm joins Tract IV to the east. It has approximately 143.5 +/- tillable acres. Tracts IV & Tract V will be offered individually or as a unit. Both tracts have a combined corn base of 296.8 with a PLC yield of 152 bushels. According to Surety AgriData, both tracts have an average productivity index of 78.8. The new buyer will be credited on 143.5 tillable acres at $275 per acre or $39,463 at closing.

Legal Description: SE ¼ Inc. OL A Exc. S 208’ of N 429’ of E 142’ of Section 10, T-106-N, R-48-W, Grovena Twp. Tracts IV & Tract V are surveyed.

Description

Terms

10% non-refundable earnest money deposit due day of sale with balance due on or before July 26, 2018. Title insurance and closing fee split 50/50 between buyer & sellers. Sellers to pay 2017 real estate taxes in 2018. Buyer will pay all 2018 real estate taxes payable in 2019. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of Trustee and all tracts have some tile. Information contained herein and all statements made herein are believed to be accurate but not guaranteed. Auctioneers represent the sellers in this transaction.

Owner

DONALD BABCOCK LIVING TRUST & JUDITH BABCOCK LIVING TRUST

Additional Information

FIRST BANK & TRUST – TRUSTEE, MARK STEVENSON – TRUST OFFICER