Lake Preston, SD 57249 - Kingsbury County

BROKERS NOTE: This land auction presents an excellent opportunity to own 160+/- acres of Kingsbury County farm land with strong soils for an investment or add to an existing operation. With good access from 440 Ave, this farm is approximately 2.5 miles southwest of Lake Preston/Hwy 14. According to FSA Information, this parcel contains 148.2 cropland acres with a 50.3 acre corn base with a 62bu direct and 94bu cc yield and a 97.8 acre soybean base with a 32bu direct yield and 38bu cc yield. According to Surety Agridata, the soil rating is strong with an overall rating of .796, with the tillable soil averaging .818, predominately comprised of Hetland silty clay loam and Poinsett-Buse-Waubay complex loams with 1-6% slope. This land is nearly level to gently rolling with a good eye appeal. If you are looking for productive farm land in South Baker Township, Kingsbury County, plan to attend this auction and come prepared to buy.

TERMS: This is a cash sale.Closing will be scheduled on or before October 4th 2012. Upon acceptance of the sale by the seller, a non-refundable Earnest Money deposit equal to 10% of the sale price due at the conclusion of the auction.If Buyer is not immediately available at the conclusion of the auction, the Purchase Agreement and 10% non-refundable Earnest Money deposit must be complete 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 buyer and seller. All the 2011 RE taxes payable in 2012 will be paid by the seller. All of the 2012 RE taxes due and payable in 2013 will be paid by the buyer.Possession will be given at closing subject to an existing lease for the 2012 crop season and will terminate upon harvest of the 2012 crops.This property will be free to farm or rent for the 2013 farming season. 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.FSA yields, bases, payments and other information is 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, reservation or highways of record, if any, as well as any or all Kingsbury County Zoning Ordinances.The RE licensees in this transaction stipulate that they are acting as agents for the seller.If a boundary survey is required it will be the responsibility of the purchasers.Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to a 7% buyer premium.This sale is subject to seller confirmation.