Hwy 13, Elkton, SD 57026 - Brookings County

Prime Brookings Co. Farmland at Online Auction

United Country - Advantage Land Company presents the opportunity to purchase 157+/- acres of prime tillable Elkton Twp, Brookings County land in the garden spot of South Dakota. This land is predominately Brookings-Kranzburg, Class One soil with a productivity rating of 91%. Lying nearly flat ½ mile west of Elkton on SD Hwy 13, this highly desirable land has tremendous eye appeal.

According to FSA information and Surety AgriData Inc, this parcel has a total of 154.3 tillable acres, with a strong weighted average soil productivity rating of 89% and a nearly level slope. Approximately 80% of this quarter is comprised of Class I, Brookings-Kranzburg soils with a productivity rating of 91%. This property has what it takes to produce high yielding crops.

According to FSA information, this land has a 145.4 acre corn base with a 79 bu. direct and CC yield and a 8.9 acre soybean base with a 31 bu direct and CC yield.

If you are looking to add highly productive land to your farming operation or seeking prime investment grade property, call or go online today to get registered for this auction.

Jeanie Danielson, Carrie Jucht, Shirlee Gilmore, Owners

Terms: To bid at the auction, you must register online and receive approval confirmation from United Country - Advantage Land Company. A bidding fee is required to bid in the amount of $15,000 (certified funds), made payable to the Advantage Land Company, LLC Trust Account, refundable the next business day if you are not the highest bidder.

This is a cash sale. A 10% nonrefundable earnest money payment will be due the day of the sale (May 10th), in which the bidding fee will be included. The balance will be due at closing on or before June 10th, 2010 to concur with an anticipated 1031 exchange, with possession at closing (subject to 2010 lease). Marketable 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 of the 2009 RE taxes due and payable in 2010 will be paid by the seller. All of the 2010 taxes payable in 2011 will be paid by the buyer. This property is sold subject to an existing cash rent lease for 2010 in which the buyer will be credited $32,000 at closing. 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. 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 Brookings County Zoning Ordinances. United Country-Advantage Land Company represents the sellers in the transaction. The sellers may desire to cooperate in a 1031 exchange, with any expenses related to said exchange to be paid by the seller. This sale is subject to seller confirmation. Purchase subject to a 7% buyer's premium.

The highest bidder must contact United Country - Advantage Land Co. within 24 hours after the close of the auction. Office (605)692-2525. Fax (605) 692-2526.