This multi-parcel auction presents an excellent opportunity for farmers, investors, and ranchers to purchase 159+/- acres and up to 959+/- acres of land for an investment or add to an existing operation. This farm in central South Dakota, approximately 8 miles south of Hayes, has a high percentage of tillable acres, a strong soil productivity and is free and clear to farm or rent in 2012. According to FSA Information, this parcel contains 916.6 cropland acres with a 735.8 acre wheat base with a 22bu direct yield and 22bu cc yield, a 113.8 acre sorghum base with 30bu direct yield and 30bu cc yield, a 5.1 acre corn base with 39bu direct yield and 39bu cc yield, a 11.5 acre barley base with 29bu direct yield and 29bu cc yield, and a 2 acre oat base with 39bu direct yield and 39bu cc yield. According to Surety Agridata, the soils are predominately comprised of Promise clay with an overall soil rating of .619. This land is nearly level to gently rolling and has a variety of recreational opportunities with wildlife to include whitetail deer, mule deer, antelope, pheasants, quail, and other upland game birds. According to the seller, this property has been in CRP for the last 20+ years but is free to farm or rent this crop year. If you are looking for productive farm land southwest of Pierre, plan to attend this auction and come prepared to buy.

Owner: The First National Bank in Sioux Falls, Trustee

Closing Terms and Instructions

This is a cash sale. Closing will be scheduled on or before April 26th 2012. 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 a buyer wants possession day of sale a 20% non-refundable earnest money deposit is required. If Buyer is not immediately available at the conclusion of the auction, the Purchase Agreement and 10% or 20% 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. All the 2011 RE taxes payable in 2012 will be paid by the seller. All of the 2012 RE taxes due and payable in 2013 will be paid by the buyer. Possession will be given at closing or day of sale with 20% down. This property will be free and clear for the 2012 farming season. 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. 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, reservation or highways of record, if any, as well as any or all Stanley County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. If a boundary survey is required it will be the responsibility of the purchasers. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to a 7% buyer premium. This sale is subject to seller confirmation.