105.14 SURVEYED ACRES IN FAIRVIEW TWP, LINCOLN CO, SD AT AUCTION

Auction Date:

August 29, 2025 | 10:30 am

Auction Location / Nearest City:

Canton, SD, USA

view full listing info & Photos

Auction Description:

105.14 SURVEYED ACRES IN FAIRVIEW TWP, LINCOLN CO, SD AT AUCTION
Date/Time: Friday, August 29, 2025 @ 10:30 AM
Location: Between Canton & Hudson, SD

Tract 1: 63.44 surveyed acres
Tract 2: 41.70 surveyed acres
All in Section 29-97-48, Fairview Township, Lincoln County, South Dakota
Koerselman Family Trust for Descendants
Location: 48380 290th St, Canton, SD—Approx 8 1/2 miles south of Canton, SD – From Canton, SD on Cedar Ave / 481st Ave go 3 miles south then east on 285th St for 1/2 mile then south on 482nd Ave for 5 miles then east on 290th St for 1 1/2 miles. Auction signs will be posted.
Tract 1 General Description: Selling will be 63.44 surveyed acres of Fairview Township, Lincoln County, South Dakota farmland. The primary soil types on the tillable acres consist of the MpC2-Moody-Nora, ShF-Shindler, MoB-Moody, and CpD2-Crofton-Nora series. According to Agri-Data the farm has Productivity Index of 48.7 (this includes the terraces/grassland which are not currently farmed). The current farmed acres have a Productivity Index of 62.6. According to the FSA Office the farm has approx. 43.7 cropland/ tillable acres with the remainder as 16.80 acres of CRP, road and ditch this includes the terraces/grassland which are not currently being farmed.
Brief Legal Description: Tract 1 in the S 1/2 of the SE 1/4 and SE 1/4 of the SW 1/4 in Section 29-97-48, Fairview Township, Lincoln County, South Dakota farmland. Containing 63.44 acres. This tract does contain an agricultural easement with the neighboring farm to the west along the fence line totaling .51 acres.
CRP: There are currently 16.8 acres enrolled in the CRP Program (see contracts for payment amounts per acre). The contract is set to expire 9-30-2027. The 2025 crop year payment will remain with the sellers.
Tract 2 General Description: Selling will be 41.70 surveyed acres of Fairview Township, Lincoln County, South Dakota farmland. The primary soil types on the tillable acres consist of the Ah-Alcester series. According to Agri-Data the farm has Productivity Index of 81. According to the FSA Office the farm has approx. 29.80 cropland/ tillable acres with the remainder as 10.8 acres of CRP, road and ditch.
Brief Legal Description: Tract 2 in the S 1/2 of the SE 1/4 in Section 29-97-48, Fairview Township, Lincoln County, South Dakota farmland. Property contains 41.70 surveyed acres.
CRP: There are currently 10.8 acres enrolled in the CRP Program receiving an annual payment of $337.01 per acre. The contract is set to expire 9-30-2027. The 2025 crop year payment will remain with the sellers.
Farm Real Estate Taxes: Sellers will pay all real estate taxes which would become delinquent if not paid by October 1, 2026, as well as all prior taxes. The estimated net annual real estate taxes on the entire farm are $1,850 per year.
Method of Sale: Tracts 1 and 2 will be sold as choice of tracts with the highest bidder having the option to take one tract or both tracts. Then the auction will be concluded or we will sell the remaining tract.
Terms: 15% down upon conclusion of the auction. A late charge will apply for buyers delaying the closing. The abstracts will be continued to date. The buyers will have 10 days from receipt of abstract to have the abstract examined. The sellers guarantee a clear and marketable title on the property. Owners title insurance and closing fee will be split 50/50 between buyer and seller. Stewart Title Company will be acting as the Escrow and Closing Agent. Sellers do not guarantee or warrant that existing fence lines lie on the true boundary’s. Any new fencing will be the responsibility of the purchaser if needed pursuant to South Dakota statutes. The owners reserve the right to reject any and all bids. Online bidders must agree to these terms and conditions as well as online conditions prior to registering and must be verified 24 hours prior to start of auction. Exact legal descriptions will be according to the survey. In the event any buyers require specialized closing work will result in additional closing fees.
Possession/Closing: October 10, 2025 (Subject to a lease termination set to expire March 1, 2026)
Company Note: You won’t want to miss out on these great Lincoln County Farmland tracts. We are pleased to be working with the Koerselman family on behalf of John Koerselman. John was avid about preserving the environmental integrity of farming in the Midwest! These will be offered via live and online simultaneous bidding on Friday, August 29, 2025 from the farm site. Check out our website at www.vw72.com for additional information. We thank you for your interest. If you have any questions please give us a call. Levi, Todd, Rich, and Shannon
Note: These farms are being sold “as is.” While every effort has been made to ensure the accuracy of the info herein provided, no warranty is given and no responsibility is assumed by the auction company, the auctioneers, the seller or their agents concerning condition of the property, the corn bases, corn yields or other supplied info. Property is being sold subject to any easements, including road, drainage, utility or other easements of record. All prospective purchasers are encouraged to inspect and verify information provided herein. Vander Werff & Associates Inc., represent the sellers for this transaction. Not responsible for accidents. Any announcements made the day of the auction will supersede this advertisement.
Vander Werff & Associates, Inc
Sanborn, IA 51248
www.vw72.com
Are you looking to sell give one our expert auctioneers a call today!
PROVEN RESULTS!
Todd Hattermann 712-348-0111
Shannon Rydberg 850-712-7041
Rich Vander Werff 712-261-0298
Levi Mouw 712-441-6898