November 18, 2008 - 40 Acres of Union County, SD Farmland

LAND AUCTION

OF 40 ACRES UNION COUNTY SOUTH DAKOTA FARMLAND

Located from the Sioux River Ethanol Plant West of Hudson, SD ½ mile South on Blacktop 46, ½ mile West, 2 miles South then 5 ¾ miles West or from Hawarden, IA 4 miles North to 299^th St., 5 ¾ miles West or from Alcester, SD 2 miles North, 1 ½ miles East.

TUESDAY, NOVEMBER 18, 2008

SALE TIME 10:30 AM

AUCTION TO BE HELD AT SITE OF LAND – AUCTION SIGNS WILL BE POSTED

GENERAL DESCRIPTION:

Selling will be 40 surveyed acres of farmland.  According to Union County F.S.A. there is 39 acres of cropland with a corn base of 31.9 acres and a Direct Tract Yield/CC Yield of 87 bushels.  Soybean base of 7.1 acres with a Direct Tract yield and CC Tract yield of 35 bushels.  Land is classified HEL with a conservation plan of push-up terraces.  Soil types are Crofton-Nora Silt Loams, Moody-Nora Silty Clay Loam, Moody Silty Clay Loam and Alcester Silty loam.  The land carries a one building eligibility.

LEGAL DESCRIPTION:

The Northeast ¼ of the Northwest ¼ of Section 14, Township 95 North, Range 49 West, 5^th P.M. Union County, SD.  Subject to easements and restriction of record.

TAXES:

Sellers will pay the 2008 real estate tax due & payable in Spring of 2009.  Present real estate taxes are $780.30

POSSESSION: December 22, 2008.

METHOD OF SALE:  40 acres will be sold as one unit.

NOTE:

Sellers of this land have made this tract of land very productive.  Fall of 2005 farm was grid sampled in 1/2 acre grids and variable rate  phosphorous, potassium and zinc was applied in 2005 and again in 2007.  No additional P, K or Zinc is needed for this coming crop season.  Fall of 2006-60.88 tons of lime was applied.  Spring of 2007 ammonium sulfate 21-0-0-24 was applied  variable rate.  Fall of 2007-900 feet of drain tile was installed with inlet positioned between 2 pushup terraces.  Fall of 2008 a small farmable terrace was installed.  This Fall soybeans yield 54 bushels per acre.  For complete detailed information call auctioneers for booklet.

TERMS:

Purchaser (s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also enter into a purchase agreement with the remaining balance due and payable on December 22, 2008 when the buyer shall receive a clear and merchantable title to the property. Cost of title insurance for owner’s policy in the amount of sale price to be shared 50/50 between buyer and seller.

The farm is being sold as is as a cash sale with no finance contingencies.  While every effort has been made to ensure the accuracy of the information herein all prospective buyers are encouraged to inspect the property and verify all the data provided. Any announcements made the day of the auction will supersede any advertisements.  Aerial maps, soil maps, and auction booklets are available upon requests. The land sold subject to the confirmation of the sellers. If any additional information is requested please contact the agents listed below. Vande Vegte and Zomer Realty and Auction, Inc. are agents for the sellers. Closing agents will be Lincoln County Title Co. of Canton, SD.

www.vanzomrealtyauction.com

TERRY AND CHRISTINE AUKES. OWNERS

AUCTIONEERS AND REAL ESTATE BROKERS:

Darrell Vande Vegte~Doon, IA~712-726-3428 SD License #4325

Mark Zomer~Rock Valley~712-470-2526 SD License #11236

SALES~Gary Van Den Berg~712-476-5843