Sale Pending! Sealed Bid Land Sale 320 +/- Acres Hyde Co

This public sale is offered by a family that has managed this land for decades, located in the heart of central South Dakota 40 minutes east of Pierre. Each quarter is 1/2 mile off of the well traveled Holabird Grade, offering good access in this part of the country. It is available to farm and graze this year in 2018, so take Advantage of this opportunity and let it build equity for you and your family for years to come!

Tract 1:  Turn-key and ready to roll! 98% of this quarter is row crop farmed with 156.97 acres of cropland according to FSA information. This farm has a gentle roll with the balance made up of a small drainage ditch and roadway. There are over 115 acres of Class II soils with the primary productivity index rated at a 76%. The overall weighted average is 66.4% according to Surety Agridata. Currently enrolled in ARC-CO, this farm boasts of 156.02 base acres with an 84.78 acre wheat base and 32 bu PLC yield, a 39.01 acre corn base with a 72 bu yield and a 32.23 acre sunflower base with 1369lb yield. This farm lays good with convenience for the modern day equipment.

Tract 2: Currently, this square quarter offers 40.54 acres of cropland and 114.96 acres of native prairie. The overall soil index rates at a 59.1% with mainly Class II soils. This quarter is gently rolling and has the flexibility to meet your needs as a cattle producer and/or row crop farmer.  Enrolled in ARC-CO, the crop land offers 40.28 base acres with a 21.89 acre wheat base and 32bu PLC yield, a 10.07 acre corn base with a 72bu yield and an 8.32 acre sunflower base with 1369lb yield. The pasture produces rich grass with a dugout and natural water way for the water sources. With the potential for more tillable acres or cattle belly deep in grass, take advantage of this opportunity.

Soil information is provided by Surety Agridata. Cropland & base acres are FSA information.

TERMS: This is a Single Phase Sealed Bid Sale.  Sealed bids accepted by 5pm, Wednesday February 7, 2018, to Advantage Land Co 510 Main Ave, Ste 4 Brookings, SD 57006.  Bids will be reviewed by Advantage Land company and Seller by 5pm February 8, 2018 and will notify bidders of their status. This sale is subject to First Right of Refusal by Donald L. Hamlin.  A bid deposit check must accompany the sealed bid in the amount of 10% of the sealed bid amount and made to Advantage Land Trust.  In the event the bid is accepted, this 10% will become non-refundable earnest money in the purchase agreement with the balance due at closing.  If bid is not approved or accepted, the bid deposit shall be returned to the bidder in a timely manner.  Any bidder which submits a sealed bid understands and agrees that the integrity of the sale requires that the Bidder’s Sealed Bid be an irrevocable offer to purchase the subject property throughout the term of the sale for the amount of the sealed bid, subject to the First Right of Refusal by Donald L. Hamlin, Seller reserves the right to accept or reject any bid or withdraw the property from sale.  In the event of a tie bid, the bidders will be asked to submit a final tie breaker bid. 

This is a cash sale.  Closing and possession will be on or before April 8, 2018, subject to the First Right of Refusal by Donald L. Hamlin. 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. The 2017 RE taxes due and payable in 2018, will be paid by the seller. The 2018 RE taxes due and payable in 2019 are purchaser’s responsibility. 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. A survey will not be provided and will be the purchasers responsibility if needed or requested. 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, reservations or highways of record, if any, as well as any or all Hyde County Zoning Ordinances. This property is sold subject to the Wind Energy Easement with Triple H Wind Project, LLC with the total development payment to go to the purchaser for 2018, estimated to be $4 per acre in December 2018. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents.