Auction Date: September 14, 2017 @ 11:00 AM
Auction Location: On Site
Property Location: Hughes County, SD
Property Size: 480+/- Acres
Listing Broker: Advantage Land Company, LLC
Thursday, September 14th, 2017 at 11:00am
Auction Location: On Site
Land Location: From Pierre: 8 miles E on Hwy 14, 5.5 miles S on 302nd Ave, land is on the east side of the road.
Snap Shot: 427+/- Acres of Class II Dirt, Primary Soil Index is 91%, 3 Contiguous Quarters, Pasture With a Dugout, & Hay Land, Ability to be Converted into a Dominant Row Crop Operation Convenient for Modern Equipment.
Legal Description: The NE1/4, the SE1/4, and the SW1/4 all in Section 29-T111N-R77W Canning TWP Hughes County
Estimated Taxes: $4,244.70
Owners: Schomer Living Trust
Tract 1 Acres: 160+/- Taxes: $1,497.16
Legal: NE1/4 Section 29-T111N-R77W Canning Twp Hughes County, S.D.
This powerhouse tract has a productivity index on 131+ acres of a 91% or better. It currently offers 145.5+/- pasture and hay land acres with a dugout for the water source. There are approximately 9.6+/- acres of crop land with a balance of trees and food plots in the NW corner. The overall soil index on this land is an impressive 86%, mainly comprised of Class II Highmore silt loam ranked at a 91%. This property is currently mainly used as pasture however has the ability to compete with the best row crop quarters in the county.
Tract 2 Acres: 160+/- Taxes: $1,293.04
Legal: SE1/4 Section 29-T111N-R77W Canning Twp Hughes County, S.D.
With 129.4+/- cropland acres, this land has an overall soil rating of 75.6% with 149+ acres of class II dirt. The balance is 26.3+/- hay land acres with the potential to be converted into row crop production. This property has the ability to be a square crop land quarter with minimal waste acres.
Tract 3 Acres: 160+/- Taxes: $1,454.50
Legal: SW1/4 Section 29-T111N-R77W Canning Twp Hughes County, S.D.
The top 3 soil indexes are 92%, 91%, and 94% with an overall soil productivity of 83.9%, mainly made up of Highmore silt loam with 0-2% slopes. This farm is mainly utilized as crop land as 107.4+/- acres acre crop land according to FSA. The balance of 49+/- acres currently used as hay land, an old acreage site with trees, and a small slough.
These three contiguous quarters reside in the productive farming region just minutes east of Pierre in Canning Township. What an opportunity this presents as some of this land has been in the family since 1946! This land offers strong soils with 427+/- acres of Class II soils, having a majority productivity index over 91%. The overall soil index is 81.7% with a gently rolling topography and easy access, only 5 miles south of Hwy 14. According to FSA information, this farm currently offers 246.36 cropland acres with 240.30 base acres. Currently enrolled in ARC County for Corn, Soybeans, & Wheat and PLC for Sunflowers, this farm offers a 139 acre wheat base with a 41bu PLC yield, a 67.40 acre corn base with 74 bu yield, 12.5 acre sunflower base with 1231 bu yield, and 21.40 acre soybean base with an 18bu yield. The majority of the balance is currently made up of virgin sod hay and pasture land with the potential to be high caliber crop land. A small portion of the property includes an old acreage site, trees, dugout, food plot and a slough. Convenient for the modern day equipment, dirt of this caliber across an entire 480 acres does not come around very often. Take Advantage of this opportunity now and put this farm to work for you!
*Soil information is provided by Surety Agridata. Cropland & base acres are FSA information
This is a cash sale. Closing and landlord possession will be on or before October 17, 2017 as this land is subject to a verbal lease agreement for the 2017 year, possession to be given March 1st, 2018. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the sale price due at the conclusion of the auction. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed and title insurance cost will be divided 50-50 between the buyer and seller. Closing costs are to be split 50-50 buyer and seller. The 2016 real estate taxes due in 2017 will be paid by the seller. All of the 2017 RE taxes due and payable in 2018 will be paid by the seller, based on previous year’s taxes as a credit at close. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. A survey will not be provided and will be the purchasers responsibility if needed or requested. FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Hughes County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to a 5% buyer premium. This sale is subject to seller confirmation. Not responsible for accidents. Not included: shed and pails.
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