Dec 10, 2015-147.51 Acres of Grant Twp-Lincoln County, SD-Farmland-Lucille B. Nase Trust, Owner---

Auction Date: December 10, 2015 - 10:00 am

Lincoln County

LINCOLN COUNTY, SD LAND AUCTION

147.51 +/- Acres, Grant Township

Thursday, Dec 10, 2015 11:00 AM

We will sell the following real estate at public auction at the landsite located from Lennox, SD, 4 miles south on Hwy 17 (County Rd #105) and 1 ½ miles west on 283rd St or from the I-29 Davis-Hurley Exit # 59, 6 ½ miles west on SD Hwy 18 and 1 ½ miles north on 464th Ave. .

If you are looking for a good productive farmland located in southeast of SD, then don’t miss this auction! The land is in a corn/soybean/alfalfa rotation and is available to the new owner for the 2016 crop year. According to the FSA there are 136.1 acres of cropland with a 48.04 acre corn base with a 113 bushel per ace PLC yield and a 28.06 acre soybean base with a 30 bushel per acre yield. County soil rating of .838. According to Surety/AgriData the land has a productivity rating of 81.6 and predominate soils include: Wentworth-Chancellor silty clay loams, 0-2 percent slopes (74.9%). The land includes 8.9 acres of CRP with an annual payments of $2,465 ($276.96 per acre). The CRP contract is in the first year of a 10 year contract which expires 09/30/2025. Acreage site includes rural water, electricity, cattle shed, granary, pig house and Quonset shed. Taxes: $3,370.84. If you are looking to expand your current farming operation or purchase land as an investment, be sure to attend this auction!

Legal Description: Lots 1 & 2NW ¼ 30-98-51, Lincoln County, SD

The land will be offered in 3 Tracts:

Tract 1 – Approximately 114 acres of farmland

Tract 2 – Acreage site/pasture, approximately 33 acres.

Tract 3 – Combination of Tracts 1 and 2

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TERMS: 15% nonrefundable down payment day of sale with the balance due at closing on or before January 15, 2016. Title insurance and closing costs split 50/50 between buyer and seller. 2015 taxes due in 2016 paid by the seller. 2016 taxes due in 2017 to be paid by the buyer. If sold in separate tracts, seller to pay for survey of Tract 2. Tract 1 will be determined by total taxable acres, less surveyed platted acres of Tract 2. No survey will be done if sold as a unit. 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. 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 owner.