October 18, 2012 - 160 Acres of Lincoln County, SD Farmland

We will sell at public auction the following real estate at the land site located from The Centerville-Hudson Exit on I-29, 6 ½ miles east on County Hwy 152 and one mile north on 477^th Ave.; or from Norway Center go one mile north on Hwy 11 and 2 miles west on 293^rd St.The area of Norway Center has some of the best farmland in Southeastern South Dakota and here is your chance to buy land in this prime farming area! The land is currently in a corn/soybean rotation with some alfalfa and includes approximately 33.2 acres in the northwestern corner enrolled in CRP. Predominate soils include Moody-Nora eroded, Moody-Nora and Crofton-Nora eroded. According to Lincoln County data the property has an average soil rating of .702. According to Surety/AgriData, the overall productivity index is 72.6. According to the FSA there are 140.4 acres of cropland with a 68.8 acre corn base/ 83 bushel yield/ 83 bushel CC yield and a 38.4 acre soybean base / 31 bushel yield/ 31 bushel CC yield. According to FSA the property includes 33.2 acres currently enrolled in CRP with the contract expiring 9/30/2020. The annual contract payment is $4983 or $150.09 per acre. Taxes for 2011 payable in 2012 are $2,885.48.

Legal: E ½ SE ¼ and W ½ SE ¼ 7-96-49 Lincoln County, SD

TERMS: 10% nonrefundable down payment day of sale with the balance due at closing on or before November 20, 2012. 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 new owner will not receive any of the 2012 CRP payment but will receive CRP payments for 2013 and thereafter. The new owner 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.

Donna J Stalheim 2011 Trust, Owner

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

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

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