Auctioneers Note: We are honored to have had our firm selected to offer this property for sale at live public auction for the Vande Kop Family! This farmland would make a great investment or addition to your current farming operation!! Make plans today to attend this auction and purchase this tract of farmland! Call an auctioneer today to receive a full informational packet!

Legal Description: Government Lots One (1) and Two (2) of the Northwest Quarter (NW1/4) of Section Thirty (30), Township Ninety-Seven North (97N), Range Fifty (50), West of the 5th P.M., Lincoln County, SD, according to the Government survey thereof, subject to easements, restrictions and reservations of record. Subject to all public easements and roadways of record.

General Description: According to the Lincoln County assessor, this property contains 152.28 gross acres. According to FSA this tract of farmland has approx. 146.3 tillable acres as follows: 77.8 acres that are currently cropped, 35 acres which are currently in CRP with an annual payment of $5,747.00 with a contract ending on 9/30/2020 and 33.60 acres which are currently in CRP with an annual payment of $11,011.00 with a contract ending on 9/30/2026 with remaining balance of the farm in road/ditch and trees. The predominant soil types include: WeA-Wentworth, Ca-Chancellor-Tetonka, Cd-Chancellor, WhA-Wentworth-Chancellor, Ch-Chancellor-Wakonda, EaB-Egan. According to Agri-Data this farm has a productivity index rating of 85.9 on the total farm and a county soil rating of .846. This farm has a corn base of 71 acres with a PLC yield of 98bu. And a soybean base of 6.2 acres with a PLC yield of 34bu.. This property provides a unique opportunity to add acres to your portfolio! This farm also had approx. 13,000 feet of drainage tile line installed in 2005!! The 77.8 acres that are currently cropped on this property are leased for the 2020 crop year for $15,171.50. The new buyer of this property will receive the rent for 2020. Make plans today to attend this auction and purchase this property!!!

Method of sale: Farmland will be sold at the site of the land. Farmland will be sold with the final bid price x gross county acres and will be sold as one tract.

Taxes: The current Real Estate Taxes according to the Lincoln County Treasurer are approx. $3,571.44 per year. Seller will pay the 2019 taxes which are due and payable in March and Sept of 2020.

Possession: Full Possession will be on March 1, 2021 due to current lease. This farm is rented for the 2020 crop year for $15,171.50 with the rent for 2020 to be paid to the new buyer of the farmland in addition to the CRP contract payments.

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 February 14, 2020 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. 2019 taxes due in 2020 paid by the seller. 2020 taxes due in 2021 to be paid by the buyer. Lincoln County Abstract & Title will act as Escrow and Closing agent. This farm 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 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. Buyer agrees to accommodate the seller with a 1031 tax deferred exchange. Buyer agrees to assume the CRP contracts and any responsibility with the CRP contract and any midterm and future maintenance for the CRP contracts. 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. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.