October 25th Thursday 2018 11:00AM
Brookings Co. SD Land Auction
429.5 Acres Excellent Pasture for the Cattle Producer along with 144.73 Cropland Acres 118.56 Effective cropland acres and 26.1 Acres CRP. Sold in one tract. This is a very unique one of a kind property.
This is a once in a lifetime opportunity to purchase 429.5 acres in NE Brookings County South Dakota. This land has been in the Trulock family since 1960. This farm has rolling hills of pasture with a creek and 3 stock dams for water. Cross fences in place for rotational grazing. Dennis will be selling his cows and retiring. This was the farm he grew up on and ran his cow/calf operation. 7.4 Acres have been surveyed out for the house and barns and are NOT included in this sale. According to FSA there are 144.73 Cropland Acres. The cropland acres are currently in soybeans and hay. CRP Contract #1626 expires 9/30/2024 6.6 Acres $147.13 per acre. CRP Contract #10102 expires 09/30/2025 19.5 Acres $103.62 per acre.
Auction will be held on site.
Location: NE of White SD at 20060 483rd Ave. 5 miles East of White SD on Hwy 30 and 2 ½ miles North on 483rd
Legal: W ½ of Sect 25 T112N, R48W except 7.4 acres for house and barns (Trulock Outlot 1) Brookings County SD and The NE 1/4 of the NE 1/4 of Section 26, Except Lot “A” and Except that portion that lies west and south of Lot “A” and that portion of the E 1/2 of the SE 1/4 of Section 23 lying south and east of highway, all in T112N, R48W Brookings County, SD. AND The N 1/2 of the NE 1/4 of Section 25, T112N, R48Wof the 5th P.M. Oak Lake Township, Brookings, County, South Dakota.
Terms: 10% Earnest Money Deposit along with a signed purchased agreement will be required the day of the auction. Balance will be paid with certified funds at closing on or Before December 18th 2018. Title Insurance and closing service fee will be split 50/50 between buyer and seller. Seller will be responsible for all taxes due in 2018 and 2018 taxes payable in 2019. Purchaser will be responsible for 2019 taxes. Buyer will receive 100% of CRP payment payable in 2019, in the projected total amount of $2,992 payable each year until expiration of contracts. The seller does not guarantee that the fences lie on the true and correct boundary and any new fencing will be the responsibility of the buyer. This property is sold subject to existing easements, restrictions, reservations or highways of record. The RE/Broker Auctioneers represent the seller only in this transaction. Sold subject to owner confirmation. Come prepared to buy!
Owner: Dennis Trulock
Meyer Auction Service LLC
Ben Meyer CAI Auctioneer/Broker #13234