October 17, 2012 - 80 Acres of Lincoln County, SD Farmland

We will sell at public auction the following real estate at the land site located from the I-29 Davis/Hurley Exit #59, ½ mile east on Co Hwy 134 (285^th St.), one mile south on 471^st Ave, ½ mile east on 286^th St.Attention farmers and investors: Here is an opportunity to expand your current farming operation or to purchase as an investment. This high producing tract of land is located in southeastern South Dakota’s prime ag area. The land is currently in a corn/soybean rotation. Predominant soil is Wentworth-Chancellor. According to Surety/AgriData, the overall productivity index is 87.1. According to the FSA this land is currently part of a larger tract however they estimate there are approximately 79 +/- acres of cropland with a 28.6 acre corn base/ 83 bushel yield/ 129 bushel CC yield and a 47.3 acre soybean base / 29 bushel yield/ 35 bushel CC yield. These numbers are FSA estimates and exact acres and yields will be determined after closing. Taxes to be determined.

Legal: E ½ NW ¼ 8-97-50 Lincoln County, SD

TERMS: 10% nonrefundable down payment day of sale with the balance due at closing on or before November 19, 2012. The farm is available to the new owner for the 2013 crop year. Title insurance and closing costs split 50/50 between buyer and seller. 2012 taxes due in 2013 paid by the seller. 2013 taxes due in 2014 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. 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.

Dennis Stengel Trust, Owners

Mike Stengel, Trustee

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

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