Steichen – Extraordinary Offering of +/-847.56 Acres of Edgerton & Spring Lake Township Hanson County, SD Land

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Auction Description:

Steichen – Extraordinary Offering of +/-830.98 Acres of Edgerton & Spring Lake Township Hanson County, SD Land
Date/Time: November 7 @ 10:00 am

AUCTION BROCHURE: https://www.suttonauction.com/wp-content/uploads/2024/10/Steichen-land-2024.pdf

LAND AUCTION

LARGE HANSON COUNTY, SD LAND AUCTION

Extraordinary Offering of +/-830.98 Acres of Edgerton & Spring Lake Township Hanson County, SD Land with a Mixture of Highly Productive Cropland Parcels & Pasture Situated in a Highly Regarded Agricultural Area of Hanson County, SD! This Superb Offering of Land Will Be of Interest to Row Crop Operators, Crop-Livestock Operators, & Investors!

We will offer all of the following Parcels of Land Onsite at Farm #1 (Sale Site) – From the N. Edge of Spencer, SD – 1 Mile N. on 431st Ave, then 2 ½ Miles W. on 251st St. to the SW Corner of Farm #1; or from Exit #350 on I-90 (Emery-Farmer) – 5 ½ Miles N. on Hwy. #25, then 1 ½ Miles E. on 251st St to sale site; From Epiphany, SD – 7 Miles S. on SD Hwy #25, then 1 ½ Miles E. on 251st St.

ATTENTION – Row Crop Operators, Crop-Livestock Operators as well as Investors & Others in the Market for Hanson Co., SD Land! Auctions of this magnitude are “Rare” in Eastern South Dakota and in the locale of this land in Hanson Co., SD – With All of this Land Located within a Fairly Close Proximity to One Another and in a Prominent Agricultural Area, where land is tightly held in an area where land is not available on the open market with much frequency. This Land will be Offered as Individual Farms with the only combinations being offered on Farm #1. All of these parcels will be available to farm or lease for the 2025 crop year! Additionally, a positive note is that none of these parcels are subject to any US fish & Wildlife Easements. This land has been long held by the Steichen Family for 70+ years, thus this auction presents a “Once in a Lifetime Opportunity” to Purchase this Land!

This Land will be Offered as Farm #1 – +/-309.39 Acres, Tr. 1A – The South +/- 139.01 Acres, Tr. 1B – The North +/- 166.38 Acres, Farm #2 – +/-160 Acres, Farm #3 – +/-152.79 Acres, Farm #4 – +/- 147.19 Acres, Farm #5 – +/- 65.61 Acres.

FARM #1 (Sale Site): +/- 305.39 Taxable Acres: To be Offered as Farm #1 – Tr. 1A – +/- 139.01 Acres, or Tr. 1B – +/- 166.38 Acres, or Farm #1 – Tr. 1A & 1B Combined – +/-305.39 – LEGAL DESC.: Tr. #1A: The SE ¼ (Less Steichen Tract 1) of Sec. 2, T. 103N., R. 57W., Edgerton Twp., Hanson County, SD Tr. #1B – +/-166.38 Acres – The NE ¼ of Sec. 2, T. 103N., R. 57W., Edgerton Twp., Hanson County, SD – According to FSA information this parcel is indicated to have approximately 282.48 Acres of Cropland with +/-101.46 Acres currently farmed on Tr. 1A & +/- 121.79 Acres currently farmed on Tr. #1B with a 95.47 acre corn base with a 130 Bu. PLC yield, a 94.08 acre soybean base with a 39 Bu. PLC yield & a 27.85 acre wheat base with a 37 Bu. PLC yield. Information from Surety Agridata Inc. indicates Farm #1 as a whole has a productivity index of an 80.5, Tr. #1A has a productivity index of a 83.4 & a county soil rating of a .788. Tr. #1B is indicted to have a productivity index of a 77.8 & a county soil rating of a .725. There is an easement for a portion in the SW corner of Tr. #1A which has a Shut-Off Station for a TC Energy Crude Oil Line. This easement had a One-Time payment several years ago to Kenneth Steichen & there is no current rent paid for the easement or station area. The 2023 RE taxes payable in 2024 on Tr. #1A are $2,225.06 and the 2023 RE taxes payable in 2024 in Tr. #1B are $2,375.68.

FARM #2: +/-160 Taxable Acres – Located Directly North of Tr. #1B at the Intersection of 250th St. & 429th Ave – LEGAL DESC.: The SE ¼ of Sec. 35, T. 104N, R. 57W., Spring Lake Twp., Hanson County, SD – This parcel of land is currently all sowed to grass & has been utilized as Hayland Pasture, although a large portion of this property has a cropland history. According to FSA information this parcel is indicated to have approximately +/-119.17 acres previously classified as cropland. As this parcel is not currently farmed, there are no base acres or PLC yields classified by the Farm Service Agency. This parcel has existing barbed wire perimeter fence with water in the NE Corner of the land & a has well which is approximately 150’ deep with a Pump Jack & Elec. Motor (Elec. Provided through Central Electric) & a concrete tank in the SW corner of the land. Any other tanks are owned by the current tenants. Information from Surety Agridata Inc. indicates this farm has a productivity index of a 79.1 & a county soil rating of a .730. The 2023 RE taxes payable in 2024 on this land were $2,379.40.

FARM #3: +/-152.79 Taxable Acres: Located From the Farmer, SD Cemetery – ½ Mile E. on 252nd St. to the NW Corner of the Land; From FARM #1 – 1 ½ Miles W. on 251st St., 1 Mile S. on Hwy #25 – LEGAL DESC.: The NE ¼ Incl. Lot A (Less S ½ Parcel #7 CNW ROW & Less H1) in Sec. 16, T. 103N., R. 57W., Edgerton Twp., Hanson County, SD – Farm #3 is an extremely choice parcel of land which is virtually all tillable, and has some highly productive soils. According to FSA information this parcel has approximately 153.11 acres of cropland with a 75.81 acre corn base with a 130 Bu. PLC yield & a 77.30 acre soybean base with a 39 Bu. PLC yield. According to information from Surety Agridata Inc. this parcel has a productivity index of an 82.6 & a county soil rating of a.752. The 2023 RE taxes payable in 2024 on this land were $2,361.78.

FARM #4: +/-147.19 Taxable Acres – Located from Farm #1 (Sale Site)– 1 Mile E. on 251st St. to the SW Corner of the Farm – LEGAL DESC.: The SE ¼ of Sec. 1., T. 103N., R. 57W., Edgerton Twp., Hanson County, SD – Farm #4 consists of a mixture of Productive Cropland & Pasture. According to FSA information Farm #4 has approximately 97.61 acres of cropland with a 48.90 acre corn base with a 130 Bu. PLC yield & a 48.70 acre soybean base with a 39 Bu. PLC yield. The pasture area has +/-45 acres of native pasture with one dugout & has average barbed wire perimeter fence. According to information from Surety Agridata Inc. this parcel has a very respectable productivity index of an 82.0 & a county soil rating of a.761. The 2023 RE taxes payable in 2024 on this land were $2,513.92. The actual acres in this parcel were adjusted based on a survey completed by Thomas Week – Registered Land Surveyor.

FARM #5: +/-65.61 Taxable Acres – Located directly south of Farm #4. From Tr. #1A (Sale Site) – 1 Mile East on 251st St. – LEGAL DESC.: Parcel #1 in Govt. Lot 1 in the NE ¼ & the NW ¼ of the NE ¼ in Sec. 12, T. 103N., R. 57W., Edgerton Twp., Hanson County, SD – Farm #5 is currently all sowed to grass, although 63.48 acres has a cropland history. There is a dugout for livestock water in the NE corner of the farm. This farm has average perimeter barbed wire fence. According to information from Surety Agridata Inc. this parcel has a productivity index of a 73.6. County assessors information indicates that this parcel has a soil rating of a .684. The 2023 RE taxes payable in 2024 on this land were $949.96. The actual acres in this parcel were adjusted based on a survey completed by Thomas Week – Registered Land Surveyor.

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before December 27, 2024, with full possession for the 2025 crop year. Subject to the rights of the current tenants to harvest the 2024 crops in accordance with the 2024 farm lease. A Warranty Deed will be conveyed, and an Owner’s Title Insurance Policy will be provided with the cost of the owner’s policy and closing agents fee divided 50-50 between the buyer & seller. These properties are sold based on the acres as stated on the county tax records, with the exception of Farms #4 & #5 being sold in accordance with the acres determined base on a survey completed by Thomas Weeks, registered land surveyor, with the all the acres offered understood to be “more or less”. All of the 2023 RE Taxes payable in 2024 will be paid by the sellers. Purchasers will receive a credit at closing equal to the RE Tax amount payable in 2024, & subsequently the buyer will assume responsibility for payment of all of the 2024 RE taxes payable in 2025, with no further adjustments. The sellers do not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and subject to County Committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, and subject to any Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the Owners.

STEICHEN LEGACY 5, LLC – Owners

TERRY HAIAR – RE Auctioneer – Alexandria, SD – ph. 605-239-4626

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – Ph. 605-336-6315

JARED SUTTON CAI – Auctioneer & RE Broker Associate – Flandreau, SD – Ph. 605-864-8527

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