October 16, 2012 - 406 Acres of Clay County, SD Farmland

We will sell at public auction the following real estate at the Tract 1 land site located from the Beresford, SD I-29 exit, 6 ½ miles west on SD Hwy 46, 2 ½ miles south on 464^th Ave to the land site.Auctioneers Note: Farmers and investors look closely at this opportunity! Here is the chance to purchase significant tracts of prime farmland in southeast SD. If you are looking to expand your current operation or considering land as an investment then don’t miss this auction. Tracts are available to the new owners for the 2013 crop year. The land will be offered in 4 tracts and the tracts will not be combined.

Tract 1: Legal Description: E ½ SE ¼ 13-95-52, Clay County SD, 80.17 +/- acres. Located from the Beresford, SD I-29 exit, 6 ½ miles west on SD Hwy 46, 2 ½ miles south on 464^th Ave. According to FSA Tracts 1 and 2 are currently combined as one unit. Together these tracts have a 74.3 acre corn base / 86 bushel direct yield / 86 bushel CC yield and a 71.2 acre soybean base / 23 bushel direct yield / 23 bushel CC yield. Predominate soils include Egan-Chancellor-Davison and Egan-Clarno-Tetonka. Soil rating .671. According to Surety/AgriData the tract has an overall productivity index of 82.5. The land is currently in a corn/soybean rotation. Part of the land is tiled. Taxes: $1568.64

Tract 2: Legal Description: W ½ SW ¼ 18-95-51 Clay County SD, 78.56 +/- acres. Located from the Beresford, SD I-29 exit, 6 ½ miles west on SD Hwy 46, 2 ½ miles south on 464^th Ave. According to FSA Tracts 1 and 2 are currently combined as one unit. Together these tracts have a 74.3 acre corn base / 86 bushel direct yield / 86 bushel CC yield and a 71.2 acre soybean base / 23 bushel direct yield / 23 bushel CC yield. Predominate soils include Egan-Chancellor-Davison and Egan-Clarno-Trent and Egan-Clarno-Tetonka. Soil rating of .719. According to Surety/AgriData the tract has an overall productivity index of 85.4. The land is currently in a corn/soybean rotation. Taxes: $2591.00. This tract includes an acreage consisting of a 1 ½ story home, built in 1870, 1572 finished sq ft, 3 bedrooms, 2 baths, 48’ x 72’ machine shed, 2 grain bins. To inspect the acreage and home contact auctioneer Harlan Knutson at 605-530-3661 for an appointment.

Tract 3: Legal Description: S ½ SE ¼ 12-95-52 Clay County, SD, 83.38+/- acres. Located from the Beresford, SD I-29 exit go 6 ½ miles west on SD Hwy 46, 1 ¾ miles south on 464^th Ave. According to FSA there are 73.6 acres of cropland with a 44.2 acre corn base / 86 bushel direct yield / 86 bushel CC yield and a 29.4 acre soybean base / 23 bushel direct yield / 23 bushel CC yield. Predominate soils include Egan-Clarno-Chancellor. Soil rating of .691. According to Surety/AgriData the tract has an overall productivity index of 79.1. The land is currently in a corn/soybean rotation. Taxes: $1615.54.

Tract 4: Legal Description: SE ¼ 24-95-52 Clay County SD, 164.23 +/- acres. Located from the Beresford, SD I-29 exit, 6 ½ miles west on SD Hwy 46, 3 ½ miles south on 464^th Ave. According to FSA there are 160.6 acres of cropland with a 66 acre corn base / 88 bushel direct yield / 89 bushel CC yield and a 54.9 acre soybean base / 24 bushel direct yield / 24 bushel CC yield. This tract has 39.7 acres enrolled in the CRP program (expires 2020) with an annual payment of $4575.00. Predominate soils include Egan-Clarno-Tetonka. Soil rating .656. According to Surety/AgriData the tract has an overall productivity index of 81.8. The crop land is currently in a corn/soybean rotation. Taxes: $3149.56

TERMS: 10% nonrefundable down payment day of sale with the balance due at closing on or before November 19, 2012. Title insurance and closing costs split 50/50 between buyer and seller. 2012 taxes due in 2013 to be paid by the seller. On Tract 4 the new owner will not receive the 2012 CRP payment but will receive CRP payments for 2013 and thereafter. The new owners will be obligated to comply with all terms and conditions of the existing CRP contract. 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 owners.

Detailed maps, pictures and more information will be posted soon

Cliff and Beth Payson, Owners

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

Harlan Knutson, Broker Associate, Wakonda, SD 605-530-3661

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

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

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

Mark Zomer, Broker, Vande Vegte-Zomer Auctions, Rock Valley, IA 712-470-252