April 20, 2012 - 160 Acres of Lincoln County, SD Farmland - Sold for $7,250.00

We will sell at public auction the following real estate at the land site located from Fairview SD, 3 ½ miles south on County Hwy 143 then ½ mile west on 291^st St.

Here is an excellent opportunity to purchase productive southeast South Dakota farmland. The land is available to the buyer to farm for the 2012 crop year. The land is currently in a corn/soybean rotation. Predominate soils include Moody-Nora eroded and Crofton-Nora eroded. The north 80 has a soil rating of .655 and the south 80 a soil rating of .548. According to Surety/AgriData, the overall productivity index is 60.3. According to the FSA there is 150.7 acres of cropland with a 92.5 acre corn base/ 85 bushel yield/ 85 bushel CC yield and a 26.4 acre soybean base / 31 bushel yield/ 31 bushel CC yield. Taxes: $1,795.86. If you are looking to expand your current operation or considering land as an investment, don’t miss this auction!

Legal: SE1/4 NW1/4, NE1/4 SW1/4, SE1/4 SW1/4, SW1/4 SE1/4 34-97-48, Lincoln County, SD

CLICK ON THE FOLLOWING LINKS FOR MORE INFORMATION:

Plat Map of Area

Aerial Map

Soil Map

FSA 156 Report

TERMS: 15% nonrefundable down payment day of sale with the balance due at closing on or before May 18, 2012. Upon making the nonrefundable down payment the buyer may begin field work for the 2012 crop year however failure to close as per the terms of the purchase agreement shall result in forfeiture of the down payment. Title insurance and closing costs split 50/50 between buyer and seller. 2011 taxes due in 2012 paid by the seller. 2012 taxes due in 2013 to be paid by the buyer. The acres in this property 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. 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. A portion of the property is subject to an easement of the Pattee Creek Watershed District. 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.

Steven and Mark Homandberg, Owners

Pete Atkins, Broker Associate, Tea, SD 605-351-9847

Joel R Westra, Broker, Beresford, SD 605-310-6941

Joel A Westra, Broker Associate, Chancellor, SD 605-957-5222

Phil Eggers, Broker Associate, Renner, SD 605-351-5438

Mark Zomer, Vande Vegte Zomer Auctions, Rock Valley, IA 712-470-2526

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