Auction Date: August 9, 2018
Auction Location: American Legion, Redfield, SD
Property Location: Spink & Faulk County, SD
Property Size: 638.49+/-Acres
Listing Broker: Advantage Land Company
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Thursday, August 9th, 2018
Auction Location: American Legion in Redfield SD
612 N Main St, Redfield, SD 57469
Tracts 1 & 2 Land Location from Redfield: 6 miles west on Hwy 212, 2 miles North on 377th Ave, 1 mile West on 170th St, Tract 2 will be on the North side of the road.
Tracts 3 & 4 Land Location from Redfield: 11 miles west on Hwy 212, Tract 4 will be on the North side of the road.
Snap Shot: Over 333 Acres of Class II Soils with 450 Crop Land Acres, Balance of Lush Pasture, Hayland, Draws, and Wetlands Covering the Undulating Topography within Minutes of Redfield, South Dakota, the Pheasant Capital of the World®.
Spink County: Tracts 1 & 2 - E1/2 of Section 20-T117N-R65W Groveland Township
Faulk County: Tracts 3 & 4 - E1/2 of Section 34-T117N-R66W Zell Township
Total Taxes: $9,869.96
Owner: Forrest Preston Trust
T R A C T 1
A C R E S : 160+/- acres T A X E S : $2,956.30
L E G A L : NE 1/4 Sec 20-T117N-R65W Groveland Twp Spink Co. SD
B R O K E R S N O T E : With more land converted to crop land the beginning of 2017, there are now 155.70+/- cropland acres making this a strong row crop addition to your operation and portfolio. The soils boast over 130 acres of Class II soils with the majority soil comprised of Williams-Niobel loams with a productivity index (PI) of 81% and Max-Arnegard-Zahl with a PI of 77%! This land offers easy access from 376 Ave with a gently rolling topography. There are a total of 68.9 base acres having a 27.7 acre corn base with a 110 bu plc yield, a 7.7 acre wheat base with a 41 bu plc yield and a 33.5 acre soybean base with a 27 bu plc yield. The balance of this land consists of a few small wetlands surrounded by mature trees providing good hunting opportunities for whitetail deer and upland game birds. This is a strong addition for anyone looking for a long term investment, convenient for the modern day farmer.
T R A C T 2
A C R E S : 160+/- acres T A X E S : $1,755.34
L E G A L : SE 1/4 Sec 20-T117N-R65W Groveland Twp Spink Co. SD
B R O K E R S N O T E : Bordering Tract 1 to the south, this quarter of land has a total of 96.68 acres currently used for row crop production with roughly 21 acres that were converted to cropland early 2017. The overall soil rating is 53.7%, offering 43 base acres with a 17.2 acre corn base with a 110 bu plc yield, a 4.8 acre wheat base with a 41 bu plc yield and a 21 acre soybean base with a 27 bu plc yield. The balance is made up of hay land, wetlands and a dugout. After harvest, with a dugout for water, one could release cattle for fall grazing. This tract has a good location, nearly level topography and easy access from 170th St and 376th Ave, minutes from the Pheasant Capital of the World. Take advantage of this versatile quarter and let it help meet your goals.
T R A C T 3
A C R E S : 160+/- acres T A X E S : $2,405.78
L E G A L : NE 1/4 Sec 34-T117N-R66W Zell Twp Faulk Co. SD
B R O K E R S N O T E : This tract offers 70.53 +/- cropland acres with the balance of quality grassland currently utilized as pasture, with a good dugout for its water source which is continually fed by a natural waterway draw. This land boasts over 65 acres of Class II Max-Arnegard-Zahl loams with a productivity index of 76%. Enrolled in ARC-CO, this farm offers 54.57 base acres having a 21.91 acre corn base with a 110 bu plc yield, a 6.08 acre wheat base with a 41 bu plc yield and a 26.57 acre soybean base with a 27 bu plc yield. This tract fits right in with the best of any farm and ranch operation. (There is a well and tire water tank located on this tract; however, they have not been in use for years as they have not needed the additional water source.)
T R A C T 4
A C R E S : 158.49+/- acres T A X E S : $2,752.54
L E G A L : SE 1/4 Sec 34-T117N-R66W Zell Twp Faulk Co. SD
B R O K E R S N O T E : Offering great access right on US HWY 212, this farm encompasses 127.74 cropland acres with the balance of hayland, draw and dugout. Over 100 acres are comprised of Class II soils, Houdek-Dudley and Max-Arnegard-Sahl loams. This farm offers 98.72 base acres having a 39.65 acre corn base with a 110 bu plc yield, a 11.01 acre wheat base with a 41 bu plc yield and a 48.07 acre soybean base with a 27 bu plc yield. The wetland draws across this quarter make this land ideal for all types of hunting, including pheasant and whitetail deer, minutes from Redfield. If you are in the market for a diverse piece of land with row crop, grass, and hunting opportunities, add this piece to your portfolio.
The Preston Family, a team in its finest form. With a pioneer spirit and diligent character through four generations, a remarkable story has resulted. Great Grandpa Jay Preston originally farmed in Iowa, then moved to the Hitchock, SD area during the late 1800’s. His son Willis, aka WH Preston, began farming in the early 1900’s, getting his start around the Redfield area, when he purchased some of this land in 1925. When WH married Florence (Farris), they began growing their operation around the Redfield area, while raising their 4 children.
Although farming was their primary lifestyle, side jobs helped make ends meet. WH took to selling Farm Land Securities while Florence sold crop insurance. The majority of the time they worked hard on the farm as their roots taught, with Florence also pulling her weight plowing the land with a team of horses.
A pioneer at heart, WH was involved in the development of the Zell Farmers Coop, the only one of its kind in the area. This was a big deal for area operators due to the close proximity of the grain elevator, plus they sold a variety of parts and products along with hunting licenses for the major influx of pheasant hunters. WH served on the board of directors for the coop for years.
Now with the third generation coming into the picture, one of their son’s Forrest took to farming and ranching at a young age as he would sit in a wagon for hours shepherding their sheep. He grew into operating the farm with his dad in the 1940’s. One can only imagine what WH instilled in Forrest during these years of living life together.
After initially meeting at a dance hall in Redfield, Forrest and Marie (Rice) were married in 1947. In a small two bedroom home, they raised Janita, Michael and Twila (the current owners) who became heavily involved in the family operation.
With much forward thinking and hard work, the family duo continued to grow their farming operation by buying and renting more land across this region from Faulk, Beadle, Spink and Clark Counties. They found it beneficial for each of them to hire a farm hand and invest in four IH 560 tractors, so they could work together and harvest four times faster than going it alone. This team continued to press into bigger and better ways of farming all with the belief that “paying cash” is the best business.
Naturally, Forrest learned that side jobs were important, so he took to a side job selling stripper machines to neighboring farmers with big fields of blue grass to harvest the grass seed and sell it to residential lawn companies. Along those lines, Forrest saw a need for electricians in the community, so he became certified to wire residential and commercial properties and began meeting those needs in the winter during his down time on the farm. The family also bought 100 head of steers to feed through the winter and sell in the spring, in addition to their 100 head of cows they calved every year. Forrest was very much a family, community and business leader in the farming arena and also became heavily involved in the masonic lodge and shrine.
Father and son’s farming business transitioned when WH passed in the 1980’s. Forrest inherited two quarters of land from his folks as the other land was divided among his siblings. It was a monumental split as Forrest had been farming this land for years; however, he made the best out of what he was given and continued to gain ground in years to come. Forrest and Marie had many heart wrenching discussions with their family whether to make a large land acquisition as times were tight, but they made the move to purchase more land for $100/acre, in which the siblings vividly remember. These tough conversations and family decisions led them to farming more than 1,200 acres at one time. Business minded as he was, the time came for him to transition into retirement which led them to sell land, find good tenants to work the land they kept and buy more land when it made sense for their family.
Today, the farm is mainly comprised of productive farmland with the balance to include lush pasture, hayland, trees and wetlands covering an undulating topography within minutes of Redfield, South Dakota, the Pheasant Capital of the World®. With over 333 acres of Class II soils and 450.86 crop land acres, this complete offering consists of 265.3 base acres and is enrolled in ARC-CO with a 29.58 wheat base with a 41bu PLC yield, a 106.54 acres corn base with 110bu yield and a 129.18 soybean base with 27 bu yield. With 5 miles between the two farms, this is a sizeable amount of acres to add to your operation or portfolio, also offering the opportunity to create your own memories in the field.
Much work and dedication has gone into this farm over four generations. The current generation has continued to maintain good tenants and relationships for over 25 years. The hope is that the new land owners make their own valuable memories as they live their part in history, taking the great responsibility in being a chosen steward of this land.
Closing and landlord possession will be on or before September 13, 2018 as this land is sold subject to 2018 leases expiring March 1, 2019. 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 2017 real estate taxes due in 2018 will be paid by the seller. All of the 2018 RE taxes due and payable in 2019 will be paid by the seller, based on 2017 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 Spink and Faulk 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 is a cash sale. This sale is subject to seller confirmation. Not responsible for accidents.
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