Upcoming Farmland Auction Of 167.35+/- Acres Of Farmland

Located In Virginia TWP North, Union County, SD!

Located East of Alcester, SD & Northwest Of Hawarden, IA!

This Is A Fantastic Tract Of Land Which Will Be Sold As One Parcel!

Do Not Miss Out On This Opportunity To Purchase A Quality Union County, SD Farm!

Location: From the Alcester Golf Country Club go East for approx. 4 miles on 301st St. to the farmland. Farm is located in the Northeast corner of the intersection of 301st St and Virginia Road. Auction will be held at the Alcester Golf Country Club Parking Lot (307 E 6th St., Alcester, SD) Watch zomercompany.com for inclement weather!

Sale Date: November 27, 2023 @1:00 P.M.

zomercompany.com

Auctioneers’ Note: We are honored to present this outstanding tract of Union County, SD farmland for sale at auction! Not everyday can you say that you have the opportunity to purchase a farm in Virginia TWP North, Union County, SD! This is a very nice tract of farmland which offers a great investment opportunity and would make an excellent addition to your current operation!  Call an auctioneer today to receive a full informational packet!

Abbreviated Legal Description: The SE1/4 of the NE1/4 and the N1/2 of the SE1/4 and the W1/2 of the SE1/4 of the SE1/4 and the SW1/4 of the SE1/4 lying East of the Highway, all in Section 20, Township 95N, Range 48 West of the 5th P.M., Union County, SD; Except Summy Tract 1 in the NW1/4 of the SE1/4 and in the SW1/4 of the SE1/4 of Section 20, Township 95N, Range 48 West of the 5th P.M., as platted in Book 13 Plats, Page 107, Union County, SD. Subject to all easements of record and public highways

General Description: According to Union County Assessor this property contains 167.35+/- gross acres. According to FSA/Agri Data, this farm contains approx. 166.45+/- tillable acres (Note: This does also include the grass terraces according to FSA). This farm has a corn base of 99.5 acres with a PLC yield of 162bu. And a soybean base of 65 acres with a PLC yield of 49bu. This farm is classified as HEL. The predominant soil types include: CnD2-Crofton, Ae-Alcester, MdC-Moody, Ka-Kennebec, ShD-Shindler, McB-Moody, CbE2-Crofton and ShE-Shindler. This farm has a average productivity rating of 63.7 and an average soil rating of 0.767. This farm has been contour farmed and has been well maintained! When the last PLC yield update was done on this farm the average yield for corn was approx. 200bu. Per acre and the average yield for soybeans was approx. 60bu. per acre! This would make a great addition to your operation or a great investment! This is farm is located East of Alcester, SD! This is a fantastic opportunity to purchase a 167.35+/- acre tract of Union County, SD farmland! Land long term has always proven itself to be an excellent investment! Make plans today to purchase this farm!

CLICK HERE TO VIEW A VIDEO OF THE FARMLAND

Method of sale: Auction will be held at the Alcester Golf Country Club Parking Lot (307 E 6th St., Alcester, SD) Farmland will be sold with the final bid price x the final gross county acres of 167.35+/- acres of farmland. This farm will be sold based on the deeded acres as shown by the Union County Assessor. This farm will NOT be surveyed.

Taxes: The current Real Estate Taxes according to the Union County Treasurer are approx. $4,436.12 per year. The 2023 RE taxes which are due and payable in 2024 for the tax period of January 1, 2023 through December 31, 2023 shall be paid by the seller. (Any amounts used for any pro-rations of taxes shall be based on prior years taxes). Buyer shall be responsible to pay for all real estate taxes for the property which are for the period starting January 1, 2024 and beyond.

Possession: Full possession will be on March 1, 2024. This land is available to farm for the 2024 crop year!

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before March 1, 2024. The seller reserves the right to request the buyer to close on this farm on a 30 day notice if the seller desires to close sooner than March 1, 2024. Closing fees and title insurance shall be split 50/50 between the buyer and the seller. Michael McGill attorney shall act as escrow and closing agent. Buyer shall receive a clear and merchantable title to the property on closing day. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyer’s due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to SD statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.

Inez M. Summy Funnel Trust & Dana Reed Revocable Trust—Owners

Auction Company: Zomer Company — 712-476-9443 — www.zomercompany.com

1414 Main St., Rock Valley, IA 51247

Mark Zomer-712-470-2526—Ryan Zomer-712-441-3970

Ivan Huenink-712-470-2003—Joel Westra—605-310-6941

Zomer Company Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Company Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.