480 +/- Acre Land Auction, Kingsbury Co., SD

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Auction Description:

480 +/- Acre Land Auction, Kingsbury Co., SD
Date/Time: November 20, 2024, 10:00 am
Address: Kingsbury County, SD

Directions
From Bancroft, SD 2 miles north on Main Ave. & 423rd Ave then 3 miles west on 198th St. From Osceola, SD 3 miles north on 419th Ave. then ½ mile east on 198th St.

Auctioneer Notes
Here is an opportunity to purchase up to 480 +/- acres of good, productive, Kingsbury Co. Land with some CRP acres as well. The land will be offered individually in 3 separate tracts. The sale will be held live, onsite on with online bidding available during the sale. Possession available for the upcoming crop year! No buyer’s premium. Contact the auctioneers & brokerage firm and don’t miss this sale!
Overview
Tract 1 – 160 +/- Acres – This farm offers approximately 153.94 +/- cropland acres, per the FSA office and is predominantly comprised of Class II soil. Featuring Houdek-Stickney complex and Clamo-Ethan-Bonilla Loams with a weighted soil rating of 70.4. Currently there are 47.16 +/- acres enrolled in CRP with an annual payment on those acres in the amount of $9,335.00 and that CRP contract expires on 9-30-2032. There is also Kingbrook Rural Water located on the property. The farm joins tract 2 and offers a good productive row crop farm. Possession available for the upcoming crop year.
Description: SE ¼ in Sec 8, T-112-N, R-58-W, Le Sueur Twp., Kingsbury Co., SD

Tract 2 – 160 +/- Acres – This farm offers approximately 157.40 +/- cropland acres, per the FSA office and is predominantly comprised of Class II & IV soil. Featuring Houdek-Stickney complex and Dudley-Jerauld with a weighted soil rating of 48.7. The farm joins tract 1 and is adjacent to tract 3. Possession available for the upcoming crop year.
Description: NE ¼ in Sec 17, T-112-N, R-58-W, Le Sueur Twp., Kingsbury Co., SD

Tract 3 – 160 +/- Acres – This farm offers a nearly all tillable farm, per the FSA office and is predominantly comprised of Class II & V soil. Featuring Houdek-Stickney complex and Dudley-Jerauld silty loams with a weighted soil rating of 45.7 on the current tillable acres. Currently there are 57.19 +/- acres enrolled in CRP with an annual payment on those acres in the amount of $9,440.00 and that CRP contract expires on 9-30-2034. The farm is adjacent to tract 2. Possession available for the upcoming crop year.
Description: SW ¼ in Sec 16, T-112-N, R-58-W, Le Sueur Twp., Kingsbury Co., SD

Description
SE ¼ in Sec 8, T-112-N, R-58-W, Le Sueur Twp. & NE ¼ in Sec 17, T-112-N, R-58-W, Le Sueur Twp. & SW ¼ in Sec 16, T-112-N, R-58-W, Le Sueur Twp., Kingsbury Co., SD

Terms
10% non-refundable earnest money deposit due day of sale with balance due on or before December 19th, 2024. Title insurance and closing fees split 50/50 between buyer & seller. All land tracts are free for possession for the 2025 crop year. The sellers will pay the 2024 RE taxes and the new buyers will be responsible for the 2025 taxes. The sellers and agents do not make any claims for boundary lines or total acres. Fences are not guaranteed to be accurate boundary line representations. Any new fencing will be the responsibility of the new buyers. Buyers are responsible for conducting their own due diligence for future use and practices. Access to all areas in said tracts is the responsibility of the new buyer. Listed cropland acres are per the FSA office. The sellers do not provide any guarantees, warrantees or contingencies. Information provided and statements made are believed accurate but not guaranteed, and statements made day of sale take precedence over previous written material. Buyers or sellers may elect to conduct a 1031 exchange. The brokerage firm represents the sellers.

Owner
Raabe Farms, LLC

Additional Information
AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Realtors – Farm Managers [email protected] or 605-692-7102

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