1,107.5+/- Acres of Jerauld County Land Auction

Closing to take place on or before December 19, 2024. This property is sold subject to the terms and conditions of a cropland lease that expires March 1^st, 2025 and a pasture lease that expires March 1^st, 2030. This cropland will be free and clear to farm or rent after March 1^st, 2025. This property will be free and clear to graze or rent March 1^st, 2030. The grassland lease(s) will be assumed by the buyers of Tract 2 & 3 with the lease payment of $2,448 and $28,800 respectively, beginning April 1, 2025. Seller to give an enhanced lease incentive credit to buyer at closing in the amount of $12,240 for Tract 2 and $144,000 for Tract 3, for a total buyers credit of $156,240.00, as it is rented through February 28^th, 2030. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% will be due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be completed 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 between the buyer and seller. The 2023 RE Taxes due and payable in 2024 will be paid by the seller. The 2024 RE Taxes due and payable in 2025 will be paid by the seller as a credit at closing based on the most recent tax information available. 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. No warranty is made or implied for the property boundaries, mineral rights owned, or water supply. FSA yields, bases, payments, and other information are 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 Jerauld County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. A survey/plat will not be provided and will be the buyers responsibility if needed or requested. Purchaser shall cooperate with Seller on signing documents and coordination of facilitating an IRS 1031 Exchange if Seller participates in this Exchange. This is a cash sale. Property is sold “as is”. This sale is subject to Seller Confirmation. This sale is subject to a 5% buyer premium.  Announcements made day of sale take precedence over any written materials. Tract 1 will be offered individually only. Tracts 2 & 3 will be offered individually or as a combination. Not responsible for accidents. 

 

Snapshot: 

•  640+/- Acres of Contiguous Pasture.
•  406.6 FSA Cropland Acres.
•  415+/- Acres with Productivity Indexes Ranging from 84-88%.
•  10,800’ of New 5-Barb Fence.
•  Waterways, Dam, Rolling Hills & Mature Trees.

Directions From Wessington Springs, SD:

Head North out of Wessington Springs on 382^nd Avenue for 6.5 miles and turn West onto 221^st Street. Travel 221^st Street for 2 miles and turn South on 379^th Avenue for .5 mile. The property begins on the West side of the road.

 

BROKERS NOTES:

 

On the auction block, November 21^st, Advantage Land Company proudly presents 1,107.5+/- acres of land to encompass cropland, fertile hayland, picturesque pastureland and wildlife habitat nestled in the agricultural rich area just North of Wessington Springs, South Dakota. Through 3 generations, the owners have stewarded this exceptional, all contiguous, practical and scenic crop and pasture land and are giving you the ability to make it your own! Roaring with over 415 acres of rich soils ranging from 84-88% productivity index, this land collection has 640+/- acres of rolling Wessington Springs hills along with 404.5+/- acres of rich flat cropland with 268.74+/- of that being Class II soils reaching a 72.4% overall soil PI. The hills and creek cutting through the property bring a taste of the old west and are home to abundant wildlife including whitetail deer, pheasants and other upland game birds. FSA reports a total of 406.6 Cropland acres with 404.5 total base acres comprised of a 237.0 acre Soybean base with a 35 bu PLC yield and a 167.50 acre Corn base with a 104 bu PLC yield. With suitable fencing, this land is also equipped with several new gates, latches and 14,799’+/- of 5-barb fence lines. This property brings ideal grazing for livestock through a two mile span of native grasslands with a dam and creek or rural water potential from Mid-Dakota Rural Water within 1/2 mile of the property lines. The waterways, rolling hills and mature trees also make for ideal natural wildlife corridors for the outdoor enthusiasts. With all this property has to offer, you are not going to want to miss this opportunity to make this property your own! Take ADVANTAGE and bid to buy, November 21^st!   

 

TRACT NOTES: 

TRACT 1:

Highlights:

• •   Overall Soil Rating of 83.6% PI. 
• •   133.87+/- Class II Soils.
• •   Easy Access Off 379^th Avenue.
• •   Minimal Waste Acres & Excellent Eye Appeal.

Acres: 147.5+/-  Taxes:  $2,146.66

 

Legal: SE1/4 (except the SE1/4 of the SE1/4 of the SE1/4, and except the S1/2 of the S1/2 of the NE1/4  of the SE1/4 of the SE1/4) SEC 10-T108N-R65W in Jerauld County, South Dakota.

 

This cropland boasts a productive 141.81+/- acres of row crop, minimal waste acres, and straight rounds with an overall soil Productivity Index of 83.6%. FSA reports a total of 141.81 Cropland acres with 141.09 total base acres comprised of a 58.42 acre Corn base with a 104 bu PLC yield and a 82.67 acre Soybean base with a 35 bu PLC yield. If you’re in the market for a heavy lifting income producing property, this is your chance to take Advantage and add one of the best farms Jerauld county has to offer. 

TRACT 2:

Highlights:

•          Overall Cropland Soil Rating of 78.34% PI.
•          154.68+/- Class II & III Soils with Gentle Slopes.
•          New Gates, Latches and 8’785’+/- of 5-Barb Fence.
•          Easy Access with Improvements from Previous Feed Yard.

Acres: 160+/-              Taxes:  $2,198.88        Buyers Credit:  $12,240

 

Legal: NE1/4 SEC 15-T108N-R65W in Jerauld County, South Dakota.

 

Boasting an overall cropland soil productivity index of 78.34% on 104.85+/- acres with the remainder as designated pasture ground, along with a previously used feed yard and out buildings, this property has the means to provide for investors, operators, ranchers and hunting enthusiasts alike! FSA reports a total of 104.85 Cropland acres with 104.32 total base acres comprised of a 43.20 acre Corn base with a 104 bu PLC yield and a 61.12 acre Soybean base with a 35 bu PLC yield. With easy access for modern day equipment right off 379^th Avenue, mature trees for the late season habitat, and some new gates, latches and 8,785’+/- of 5-barb fence lines, this investment will provide dividends for years to come!

 

TRACT 3:

Highlights:

•          800+/- Contiguous Acres of Both Cropland and Pasture.
•          107.18+/- Acres of Class II & III Soils.
•          Native Grasslands, Dam, Mature Trees & 6,014’+/- of New 5-Barb Fence.
•          Mature Trees & Established Waterways.

Acres: 800+/-              Taxes:  $7,630.52        Buyers Credit:  $144,000

 

Legal: W1/2 SEC 15, SE1/4 SEC 16, E1/2 SEC 21-T108N-R65W in Jerauld County, South Dakota.

 

Consisting of 800+/- contiguous acres, this property is your chance to own some of the finest and most well-connected pasture and crop land in Jerauld County! Let your cattle graze through a 2 mile span of native grasslands, drink from the dam and creeks that cut through the property, and rest in the shade provided by the mature trees throughout the property, equipped with 6,014+/- of new 5-barb fence. FSA reports a total of 159.94 Cropland acres with 159.09 total base acres comprised of a 65.88 acre Corn base with a 104 bu PLC yield and a 93.21 acre Soybean base with a 35 bu PLC yield. Ranchers and operators alike will love all this tract has to offer!