We will sell the following land at auction on the farm located ½ mile east of Kaylor SD.

The real estate consists of 91.80 acres (more or less) of unimproved farmland.  The FSA Office indicates that this tract has 83.12 acres tillable. At the present time, there is 33.68 acres in alfalfa, 41.68 acres in row crop, 7.76 acres in CRP until June 2020, receiving $101.74 per acre or $790. per year and 7.77 acres in grass and low ground.  The predominate soil types are Clarno-Bonilla Loam, Hand Loam, Tetonka Silt Loam, Worthing Silty Clay Loam, Prosper-Stickney Complex and it has a 78.9 soil productivity index rating. The land lays generally very level with good access on oil road.  The annual real estate taxes are $1723.14.  The buyer will receive landlord’s possession at closing. Land is rented for the 2018 crop year by Frey Brothers on a cash rent basis on tillable acres at $125. per acre or $9,420.00.

LEGAL:   Tract 1 in Spomer’s Addition in the SW ¼ and the SE ¼ of Section 28-97-59, Hutchinson County, South Dakota aka the NE ¼ SW ¼ and Lot 4 of the SE ¼ SW ¼ and the West 10 acres of NW ¼ SE ¼ and West 10 acres of SW ¼ SE ¼ in Section 28-97-59, Hutchinson County, South Dakota

TERMS:  Cash sale with 15% nonrefundable downpayment the day of the sale and the balance on July 10, 2018.  Title insurance will be utilized with cost split 50/50 between buyer and seller and Warranty Deed will be provided.  The buyer will receive landlord’s possession at closing and receive all rent for 2018 and pro-rated share of 2018 CRP payment.  The new buyers are required to keep property enrolled in CRP Program until completion of contract in 2020. This property is involved in a 1031 Exchange. Buyer to pay all 2018 RE Taxes.  Sold subject to confirmation by the owners.  Wieman Land & Auction Co., Inc. and Glenn L. Roth are representing the sellers in this transaction.  For buyer’s info packet and pictures/video, visit our website: wiemanauction.com or call and we will send one in the mail.

RON SPOMER & ROBERT SPOMER, OWNERS

208-866-5421          320-212-9714

Wieman Land & Auction Co., Inc.
Rich & Gary Wieman, Brokers
Kevin, Mike, Ryan & Derek Wieman, Assoc. Brokers
Marion SD       800-251-3111
Website:  www.wiemanauction.com
Auctioneers

Glenn L. Roth
Freeman & Olivet, SD
605-925-7681
Closing Agent