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February 21, 2019---Live Farmland Auction Of 380+/- Acres Of Lincoln County, SD & Minnehaha County, SD Including Building Sites---ELC Enger Land LLLP--Owner---Tract # 1 Sold for $7750.00 Per Acre!!! Tract # 2 Sold for $6350.00!!!! Tracts #3,4,5, sold For as one as one unit for $5800.00 Per acre!!! Thanks to all who attended both auctions!!!!

Live Auction

Auction Date: February 21, 2019 - 10:00 am

Lincoln County
Minnehaha County

LINCOLN & MINNEHAHA COUNTY, SD LAND AUCTION

380 Acres, Farmland, Building Sites, Selling in Multiple Tracts

Thursday February 21^st, 2019

Lincoln County, SD Land 10:00 AM Tracts 1 & 2 Sold at Tract 1 Land Site

Minnehaha County, SD Land 1:30 PM Tracts 3, 4, 5, Sold at Tract 3 Land Site

Auctioneer’s Note: Looking to expand your current farming operation or to purchase land as an investment, or that ideal spot to build your dream home, don’t miss this auction of highly productive southeastern South Dakota land. All the tracts are available to the new owner to farm in the 2019 crop year and are close to ethanol plants and grain elevators. In case of inclement weather please check our website or listen to WNAX radio.

Lincoln County, SD Land 10:00 AM Tracts 1 & 2 Sold at Tract 1 Land Site

Tract 1 – 80 +/- acres: Legal Description: N ½ NE ¼ 10-97-50 Lincoln County, SD. Tract 1 is located at the intersection of 286^th St and 474^th Ave., or from the Davis/Hurley exit #59 on I-29, 3 ½ miles east on 285^th St, 1 south on 474^th Ave to the northeast corner of Tract 1. This tract includes significant tile and 2 housing eligibilities. FSA estimates there is 77.2 acres of cropland with a 38.6 acre corn base with a PLC yield of 127 bu. and 38.6 acre soybean base with a PLC yield of 34 bu. 2018 approved APH Yield of 200 bu. for corn. Soil rating: 0.765. According to Surety/Agridata the land has a productivity rating of 80.5 and predominate soils include: ChancellorWakondaTetonka complex & Chancellor-Tetonka Complex, 0 to 2 percent slopes. Property taxes: $1730.28.

Tract 2 – 60.59 +/- acres: Abbreviated Legal Description: S ½ NE ¼ Except E 600.8’ of N 725’ and except S 500’ N 1225’ E 820’ 15-99-51 Lincoln County, SD. Tract 2 is located from the west edge of Tea SD (272^nd St.) 3 ½ miles south on 468^th Ave. The property includes tile. It does not include any housing eligibilities. FSA estimates there is 53 acres of cropland with a 26.9 acre corn base with a PLC yield of 143 bu. and 24.8 acre soybean base with a PLC yield of 38 bu. 2018 approved APH Yields of 202 bu. for corn and 48 bu. for beans. Soil rating: 0.743. According to Surety/Agridata the land has a productivity rating of 71.8 and predominate soils include: Egan-Shindler complex, 2 to 6 percent slopes and Alcester silty clay loam 0 to 2 percent slopes. Property taxes: $1,359.76.

Minnehaha County, SD Land 1:30 PM Tracts 3, 4, 5 Sold at Tract 3 Land Site

240 +/- acres will be offered in three tracts. Legal Description of all tracts:NW ¼ & N ½ SW 1/4, 8-101-51, Minnehaha County, SD. Located from Wall Lake Oil (SD Hwy 42 & 463^rd Ave) 2 miles north on 463^rd Ave (Hwy 151), 1 ½ miles west on 263^rd St. FSA estimates there is 205.1 acres of cropland with a 102.36 acre corn base with a PLC yield of 143 bu. and a 94.28 acre soybean base with a PLC yield of 38 bushel. 2018 approved APH Yields of 205 bu. for corn and 50 bu. for beans. If the land is sold to multiple buyers, the FSA will do a reconstitution for each tract. According to Surety/Agridata the land has a productivity rating of 69.8 and predominate soils include: Huntimer silty clay loam, 0-2 percent slopes; Ethan-Egan complex, 6-9 percent slopes; Baltic silty clay loams, 0-1 percent slopes and Huntimer silty clay loam, 2-6 percent slopes. A border survey will be done at the seller’s expense, unless one buyer purchases all three tracts, then no survey will be done. Each tract includes land that is covered by a permanent easement for Waterfowl Management Rights with the U. S. Fish and Wildlife Service. A copy of that easement is available to prospective buyers and the easement will remain in place with the land after the sale. Rural water is located adjacent to the property, for information concerning availability and cost contact Minnehaha Community Water at 605-428-3374. Property taxes for 2017 payable in 2018 on the NW ¼ were $3,302.89 and $1,340.82 on the N ½ SW ¼. Tracts will be sold individually and not combined.

Tract 3: 40 +/- acres: NW ¼ NW ¼, 8-101-51. Minnehaha County, SD. With an outstanding location, this tract includes a housing eligibility, established shelter belt, county road borders the north side, lots of room to build that dream home. Also includes cropland and land that is covered by an easement for Waterfowl Management Rights with the U. S. Fish and Wildlife Service. According to Surety/Agridata the land has a productivity rating of 73.2.

Tract 4: 40 +/- acres: NE ¼ NW ¼, 8-101-51, Minnehaha County, SD. With an outstanding location, this tract includes a housing eligibility, county road borders the north side, lots of room to build that dream home, cropland and land that is covered by an easement for Waterfowl Management Rights with the U. S. Fish and Wildlife Service. According to Surety/Agridata the land has a productivity rating of 79.0.

Tract 5: 160+/- acres: S ½ NW ¼ and the N ½ SW ¼, 8-101-51, Minnehaha County, SD This tract would include four housing eligibilities, cropland and land that is covered by an easement for Waterfowl Management Rights with the U. S. Fish and Wildlife Service. According to Surety/Agridata the land has a productivity rating of 66.4.

TERMS: 15% nonrefundable down payment the day of the auction with balance due at closing on or before March 29, 2019. Possession to be given at closing. Title insurance and closing costs split 50/50 between buyer and seller. 2018 taxes due in 2019 to be paid by the seller. 2019 taxes due in 2020 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. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Information on housing eligibilities obtained from Lincoln and Minnehaha 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.