Lot # : 1 - 70.14 M/L Acres of Farmland in Union Co., SD

Live Webcast Auction
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Price Realized:
17,200.00 USD
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Price Realized 17,200.00 USD
Date Sold 2024-11-01T00:00:00
Elk Point, SD 57025
Date(s)
11/1/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

Online bidders will have to register by 4:00 CST, Thursday, October 31st, 2024 and provide the auction company with written proof of qualified financing. Contact our office at 712-548-4634.

Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead 70.14 M/L Acres of Farmland in Union Co., SD
Name Austin Family Revocable Trust - Union County, SD
Auctioneer
Brock Auction Company, Inc.
Type Live Webcast Auction
Date(s) 11/1/2024
Auction Date/Time Info
-
Preview Date/Time -
Checkout Date/Time -
Location
100 S Truman Lane
Elk Point, SD 57025
Buyer Premium -
Description
In this phenomenal offering is a 70.14 acre parcel where outstanding location and quality meet. This farm boasts a nearly record setting soil rating of 96. In a year like this, a farm of this quality shows it true ability and resistance to historic rain and weather events. Whether you are looking to make an addition to your portfolio or just getting started, this farm would be a great addition to your operation. With today's modern farming practices being the focal point, we all know efficiency is vital to being successful and this farm offers just that. This farm lays nicely, features straight rows and is just a ¼ mile from the Southeast Farmer Cooperative Terminal. The location doesn't get much better than this. The Union County FSA shows 71.02 cropland acres with a 39.20-acre corn base with a 169-bushel PLC Yield Index and a 28.40 acre soybean base with a 46-bushel PLC Yield Index. The NRCS Office shows the main soil types to be Lakeport Silty Clay Loam with smaller amounts of Salix Silty Clay Loam and Albaton Silt Loam. The weighted average productivity rating is 96. There may be some uncertainties across headlines, but 1 thing for certain is the strength that Rural America has to keep moving forward. It takes foresight, determination, persistence and here is your chance to etch your name into the proud farming history. The opportunity doesn't present itself very often in this area and I hope you will take a strong look at adding this highly productive farm to your operation. It can be the stepping stone that propels the legacy that you have always dreamed of. Best of Luck!
TERMS: The purchaser(s) will be expected to pay 10% of the purchase price on the date of sale and sign a real estate contract agreeing to pay the balance on or before December 10 2024, upon delivery of clear & merchantable title. The property is being sold without buyer contingency of any kind, so have your financial arrangements secured prior to bidding. The farm is leased for the 2024 crop year. Sellers will pay those taxes that become delinquent October 31st, 2025 and all prior taxes based on the current taxes. Seller will credit the buyer at closing for the 2024 taxes payable in 2025 based on the most current county information. Descriptions and information are from sources deemed reliable, however, neither the sellers nor the Auctioneer/Broker are making any guarantees or warranties, actual or implied. Property sold “As-Is”, so inspect to the extent deemed necessary and rely on your own judgment when bidding. The Auctioneer/Broker is representing the sellers’ interest in this transaction. The sale is subject only to the owner’s approval. All announcements made the day of the sale shall supersede any previously written or oral statements.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium -
Payment Terms
TERMS: The purchaser(s) will be expected to pay 10% of the purchase price on the date of sale and sign a real estate contract agreeing to pay the balance on or before December 10 2024, upon delivery of clear & merchantable title. The property is being sold without buyer contingency of any kind, so have your financial arrangements secured prior to bidding. The farm is leased for the 2024 crop year. Sellers will pay those taxes that become delinquent October 31st, 2025 and all prior taxes based on the current taxes. Seller will credit the buyer at closing for the 2024 taxes payable in 2025 based on the most current county information. Descriptions and information are from sources deemed reliable, however, neither the sellers nor the Auctioneer/Broker are making any guarantees or warranties, actual or implied. Property sold “As-Is”, so inspect to the extent deemed necessary and rely on your own judgment when bidding. The Auctioneer/Broker is representing the sellers’ interest in this transaction. The sale is subject only to the owner’s approval. All announcements made the day of the sale shall supersede any previously written or oral statements.
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