Sold

Tract 1 sold for $14,000.00 per acre, Tract 2 sold for $13,600.00 per acre Tract 3 sold for $13,600.00 per acre--Thanks to the family, people in attendance and online bidders!!

September 27, 2022 @10:30 A.M.---Upcoming Live Public Auction Of A 176.14+/- Acres Of Farmland Which Will Be Sold In 3 Separate Tracts---Located In Elkpoint TWP West & Brule TWP in Union County, SD

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Auction Date: September 27, 2022 - 10:30 am

Upcoming Live Public Auction Of 176.14+/- Acres Of Farmland

To Be Sold In 3 Separate Tracts

Located In Elk Point TWP West & Brule TWP in Union County, SD

This Land Is Located Northwest of Elk Point, SD &

South & Southeast of Junction City, SD

Tract 1: 60.14+/- Acres Of Farmland In Elk Point TWP West

Tract 2: 35.21 Acres Of Farmland In Elk Point TWP West

Tract 3: 80.79 Acres Of Farmland In Brule TWP

Tract 1 & 2 Location: From Elk Point, SD go approx. 3 1/2 miles Northwesterly on Burbank Road (10) to the intersection of 322nd St and 472nd Ave then go 1/2 mile West on 322nd St. to Tract 1 & 2. Both tracts are on the South side of 322nd Ave.

Tract 3 Location: From Junction City go East on 318th St. (11/50) for approx. 4 miles to 475th Ave. then go 2 miles South on 475th Ave to 320th St. then go approx. 1/2 mile West on 320th St to the tract. Tract 3 is on the North side of 320th St.

Auction of all the tracts will be held at the site of Tract 1

Sale Date: September 27, 2022 @10:30 A.M.

Auctioneers Note: The Zomer Company is honored to have been selected by the Laferriere Family Living Trust to offer this land for sale to the public at auction! Land in this area is not often available! This will be a live auction with online bidding! This is a great opportunity to add acres to your current operation or your investment portfolio! Check it out today! Watch zomercompany.com in case of inclement weather!

zomercompany.com

Legal Description of Tract #1: The West 990ft of the NE1/4 of Section 8, TWP 91N, Range 50W, Union County, SD. Subject to all public roads and easements of record and any special assessments of record.

General Description of Tract #1: This property contains 60.14+/- gross acres according to the recent survey. According to FSA/survey this tract of farmland has approx. 59.39+/- tillable acres. The predominant soil types include: Fc-Forney. According to Agri-Data this farm has a productivity index rating of 67 and a county soil rating of .769. This farm has a corn base and soybean base combined with the adjoining tract with a PLC yield of 151bu. on corn and 42bu. on soybeans. FSA will need to do a reconstitution on base acres due to recent survey. This farm is all tillable with the exception of the road and ditch and can be farmed in 1/2 mile rows! This is an excellent opportunity to purchase an attractive farm in an area where land is not often available! Make plans today to attend this auction and purchase this property!!!

Legal Description of Tract #2: The NE1/4 of the NW1/4 EXCEPT Laferriere acres addition, all in Section 8, TWP 91N, Range 50W, Union County, SD. Subject to all public roads and easements of record.

General Description of Tract #2: This property contains 35.21+/- gross acres according to the recent survey. According to FSA/survey this tract of farmland has approx. 34.6+/- tillable acres. The predominant soil types include: Fc-Forney. According to Agri-Data this farm has a productivity index rating of 67 and a county soil rating of .769. This farm has a corn base and soybean base combined with the adjoining tract with a PLC yield of 151bu. on corn and 42bu. on soybeans. FSA will need to do a reconstitution on base acres due to recent survey. This farm is all tillable with the exception of the road and ditch! This is an excellent opportunity to purchase an attractive farm in an area where land is not often available! Smaller tracts of land in this area are not often sold! This property is sold subject to an access easement which was recorded Dec. 2, 2004 and is on the West 33ft of this property which provides access to the adjoining landowner to the South of this property. Make plans today to attend this auction and purchase this property!!!

CLICK HERE TO VIEW A VIDEO OF TRACT 1 & TRACT 2

Legal Description of Tract #3: The SW1/4 of the SE1/4 lying North of the centerline of 320th St., and the SW1/4 of the NE1/4, and the NW1/4 of the SE1/4, less Laferriere tract 1, all in Section 26, TWP 92N, Range 50W, Union County, SD. Subject to all public roads, transmission line easement and easements of record.

General Description of Tract #3: This property contains 80.79+/- gross acres according to the recent survey. According to FSA/survey this tract of farmland has approx. 76.27+/- tillable acres with the remainder in approx. 4 acres of grass waterway and road/ditch. The predominant soil types include: WbA-Wentworth, Ka-Kennebec, Wh-Whitewood, WbB-Wentworth, EaB-Egan-Shindler, Ae-Alcester. According to Agri-Data this farm has a productivity index rating of 88.8 and a county soil rating of .814. This farm has a corn base and soybean base combined with the adjoining tract with a PLC yield of 151bu. on corn and 42bu. on soybeans. FSA will need to do a reconstitution on base acres due to recent survey. This is an excellent opportunity to purchase an attractive farm in an area where land is not often available! Make plans today to attend this auction and purchase this property!!!

CLICK HERE TO WATCH A VIDEO OF TRACT 3

Method of sale: All 3 tracts will be offered in the choice method with the first successful bidder having the choice of purchasing Tract 1 or Tract 2 or Tract 3. First successful bidder of choice will only be permitted to select one tract. After the first round of the choice then choice will be offered on the 2 remaining tracts. The successful bidder of this round will be permitted to select 1 tract. After the first 2 rounds of choice whichever tract is remaining will then be sold. The tracts will not be offered in any combinations and will not be combined. Auction for all the tracts will be held at the site of Tract 1.

Taxes: The current Real Estate Taxes according to the Union County Treasurer are approx. $1,384.38 per year on Tract 1, approx. $807.56 per year on Tract 2 and approx. $2,025.00 per year on Tract 3. Taxes are estimated and will be reassessed by the county due to the recent survey. Seller will pay the 2022 taxes which are due and payable in the spring and fall installments of 2023.

Possession: Possession will be on closing day. These farms will be available to farm for the 2023 crop year.

Terms: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before October 31, 2022 when the buyer shall receive a clear and merchantable title to the property. Owners Title insurance and closing fee split 50/50 between buyer and seller. Michael Mcgill will act as Escrow and Closing agent. This property is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. 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 data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to SD statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Buyer agrees to accommodate the sellers with a 1031 exchange. All buyers are encouraged to do buyers due diligence. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Paul Van Olson & Michael Mcgill—Attorneys For Seller

Laferriere Family Living Trust—Owner