Serving IA, SD, NE & MN 
712.476.9443 
info@zomercompany.com
YOUR LAND & AUCTION COMPANY
Serving IA, SD, NE & MN 712.476.9443 info@zomercompany.com
Day One March 22, 2018
Sale Time: 10:30 A.M.
We will sell the following real estate at public auction. The auction of all tracts will be conducted at 47468 280th St., Worthing, SD 57077, (the old LifeLight Festival location), or located from the East edge of Worthing, 2 miles East on County #124 (280th street). In case of inclement weather please check our website or listen to WNAX radio.
Auctioneer’s Note: We are honored to sell the George S. Gimbel Estate. George loved attending land auctions and acquired exceptional farm land over the years. Here is your opportunity to own this land! These tracts are located in southeastern South Dakota’s prime agricultural region. A number of the parcels possess great potential for future development and housing opportunities. Land buyers, if you are looking to expand your current farming operation or purchase land as an investment, be sure to attend this auction, this is a once in a lifetime opportunity! All tracts are available to the new owner for the 2018 crop year. Fall tillage has been completed on many of the tracts and the buyers will compensate the former tenants at closing for the tillage as described below.
CLICK HERE FOR A MAP SHOWING THE LOCATION OF ALL OF THE LAND
Tract 1 – 70 +/- acres: Legal Description: S ½ SE ¼ Except N 250′ of E 871.2′ & Tract 1 Reuers Addition, 3-99-49, Dayton Township, Lincoln County, SD. Tract 1 is located at the intersection of 274th street and 480th Ave., or from Harrisburg, 4 miles East on County #110 and ¾ miles South on 480th Ave. This tract includes tile and 1 housing eligibility. The FSA estimates there is 67.0 acres of cropland with a 35.4 acre corn base with a PLC yield of 113 bu. and 31.6 acre soybean base with a PLC yield of 34 bu. Soil rating: 0.800. According to Surety/Agridata the land has a productivity rating of 83.3 and predominate soils include: ChancellorWakondaTetonka complex & Wentworth silty clay loam, 0 to 2 percent slopes. At closing buyer will pay former tenant $216.00 for fall tillage performed. Property taxes: $2,013.36.
Tract 2 – 159.83 +/- acres: Legal Description: SW ¼ Except .17 Acres to County, 13-99-49, Dayton Township, Lincoln County, SD. Tract 2 is located at the intersection of 276th street and 481st avenue, or from Canton, 5 miles North on County #135. This tract has hard surface roads on two sides has extensive tiling and includes 4 housing eligibilities. The FSA estimates there is 153.8 acres of cropland with a 76 acre corn base with a 113 bu. PLC yield and 77.8 acre soybean base with a PLC yield of 34. Soil rating: 0.851. According to Surety/Agridata the land has a productivity rating of 83.5 and predominate soils include: WentworthChancellor silty clay loams, 0 to 2 percent slope & Egan silty clay loam, 3 to 6 percent slopes. At closing buyer will pay former tenant $2,565.00 for fall tillage performed. Property taxes: $3,718.40.
Tract 3 – 73.47 +/- acres: Legal Description: S ½ NW ¼ Except .21 Acre Road & N 755′ of W 365’, 21-99-49, Dayton Township, Lincoln County, SD. Tract 3 is located ¼ mile South of the intersection of 276th street and 478th avenue, or from Harrisburg, 2 miles east on County #110 and 3 ½ miles south on SD Hwy 11. This tract has a hard surface road on the west side and includes 1 housing eligibility. There is a 12 inch main tile running just inside of the east edge of the property however the buyer cannot tie lateral tile into that line without reaching an agreement with other neighboring landowners. The FSA estimates there is 74.0 acres of cropland with a 35.8 acre corn base with a PLC yield of 113 bu. and 38.2 acre soybean base with a PLC yield of 34 bu. Soil rating: 0.781. According to Surety/Agridata the land has a productivity rating of 75.6 and predominate soils include: WentworthChancellor silty clay loams, 0 to 2 percent slopes & Chancellor-Wakonda-Tetonka complex. At closing buyer will pay former tenant $1,110.00 for fall tillage performed. Property taxes: $1,568.70.
Tract 4 – Approx. 149 +/- acres: Final acres to be determined by taxable acres less the survey of the acreage. Legal Description: SW ¼ Except .42 Acre Road & Lot H-2 & less acreage TBD, 16-99-49, Dayton Township, Lincoln County, SD. Tract 4 is located at the intersection of Hwy 11 and 276th street, or from Harrisburg, 2 miles east on County #110 and 2 ½ miles south on SD Hwy 11. This tract has hard surface roads on two sides and includes 3 housing eligibilities. There is no tile on this property. There is a culvert/drainpipe located in the southeast corner of the property that is not currently authorized for use in future tiling. The FSA estimates there is currently 148.2 acres of cropland with a 72.9 acre corn base with a PLC yield of 113 bu. and 74.8 acre soybean base with a PLC yield of 34 bu. and will be reconstituted after survey of acreage is complete. Soil rating: 0.876. According to Surety/Agridata the land has a productivity rating of 85.6 and predominate soils include: Wentworth silty clay loam, 0 to 2 percent slopes & ChancellorViborg silty clay loams. At closing buyer will pay former tenant $630.00 for fall tillage performed. Property taxes: TBD. Current access to the tract is through the driveway on the acreage, the new owner will be responsible for constructing new driveway by fall harvest.
Tract 5 – 160 +/- acres: Legal Description: NW ¼, 28-100-51, Delapre Township, Lincoln County, SD. Tract 5 is located at the intersection of SD Hwy 17 and 271st Street, or from Tea, 2 miles west on County #106 and ½ miles north on Hwy 17. This tract has a hard surface road on the west side and includes 4 housing eligibilities. The FSA estimates there is 139.2 acres of cropland with a 70.2 acre corn base with a PLC yield of 105 bu. and 69.0 acre soybean base with a PLC yield of 33 bu. Soil rating: 0.726. According to Surety/Agridata the land has a productivity rating of 70.8 and predominate soils include: EganShindler complex, 2 to 6 percent slopes & Huntimer silty clay loam, 0 to 2 percent slopes. At closing buyer will pay former tenant $1,125.00 for fall tillage performed. Property taxes: $3,652.30.
CLICK HERE FOR WETLANDS INFORMATION
TERMS: 15% nonrefundable down payment the day of the auction with balance due at closing on or before May 3rd, 2018. Possession to be given at closing, however upon making the nonrefundable down payment, the buyer may begin field work for the 2018 crop year. Failure to close, as per the terms of the purchase agreement, shall result in forfeiture of the down payment and work performed. At closing, the buyer of each tract shall also pay for fall tillage that was completed on each tract purchased. That amount is listed in the description of each tract. Title insurance and closing costs split 50/50 between buyer and seller. 2017 taxes due in 2018 to be paid by the seller. 2018 taxes due in 2019 to be paid by the buyer. The acres in these tracts are based on acres stated in the county tax records with acres to be understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD statutes. Information on housing eligibilities obtained from Lincoln County Planning & Zoning. The property is sold in as is condition and as a cash sale with no financing contingency. Sold subject to existing easements, restrictions, reservations, or highway of record, if any. Information is deemed to be correct but it is not guaranteed. All prospective buyers are encouraged to inspect the property and verify all data provided. Statements made the day of sale take precedence over all written advertising. Real Estate licensees are agents for the seller. Sold subject to confirmation of owners.
LUNCH WILL BE PROVIDED EACH DAY COURTESY OF FARM CREDIT SERVICES OF AMERICA
Eileen Reynolds, Personal Representative
