Chester, SD 57016(Lake County)

AUCTIONEERS NOTE: This auction presents a great opportunity to purchase a multifaceted parcel of land that has potential to be of interest to the row crop and crop-livestock producer, as well as individuals seeking a parcel of land with a combination of income producing cropland & CRP, along with excellent hunting and wildlife production habitat provided by the combination of mature cedars, evergreens & other established mature trees and tree belts, CRP acres, potholes and other small areas of natural hunting and recreational habitat which provide a haven for deer, pheasants, waterfowl and other wildlife, further enhanced by the closeness of this property in proximity to Brant Lake, Round Lake, Long Lake & Lake Madison. This is a well located parcel of land situated within mile of two County Highways those being County Hwy. #52 (241st St.) & Co. Hwy. #21 (461st Ave.). Additionally, this property is conveniently located to Chester and Madison, SD., the Dakota Ethanol Plant at Wentworth, SD & Madison Farmers Elevator, Lake Madison and Brant Lake and other area points of interest and is also situated in a prominent agricultural area in Chester Township in Lake County, SD. This land is available to the buyer to farm or lease as they desire in 2026.

This property consists of a +/-157.75 acre surveyed parcel of land. According to FSA information this farm has 155.09 acres of Farmland with approx. 132.86 acres of total cropland, although subsequent to the reduction of the 17.74 CRP acres, this farm presently has approx. 115.12 acres of remaining effective cropland, with a 56.90 acre corn base with a 122 bu. PLC yield and a 54.90 acre soybean base with a 36 bu. PLC yield. According to FSA this property has approx. 17.74 acres enrolled in the CRP Program at a rate of $182.28 per acre generating a total annual payment of $3,234.00 with the contract scheduled to expire on Sept. 30, 2027, with the landowners receiving 100% of the annual payment, with the sellers to retain all payments payable in 2025 and the buyer to receive 100% of the payments for 2026 and 2027. According to information obtained from Surety Agri-Data, Inc. this farm has a soil productivity index of 66.5 and very similarly Lake County Assessors information indicates this land has an overall soil rating of .664. The 2024 RE taxes payable in 2025 on this property were $2,707.98. The non-tillable acres include a mature tree belt comprised of cedars and deciduous trees which run primarily north and south through the property, with other trees in the north central sector of the farm. The topography of this land is generally gently rolling to rolling with some lower lying areas in lowland areas. According to US Fish and Wildlife there are NO conservation easements on this farm. This is a parcel of land with a combination of amenities not often found in Lake County, SD, as this farm has both income and recreational opportunities making this a very desirable parcel of land for a variety of potential buyers that has been in the Johnson/Teal Family for many decades, that would serve as an excellent addition to an area row crop farming operation(s) and/or investment & recreational property.

LEGAL DESC.: The NW of Sec. 18, T. 105N., R. 51W., (Chester Twp.), Lake County, SD.

TERMS: Cash - A 10% nonrefundable downpayment on the day of the sale with the balance on or before January 9, 2026, with full possession for the 2026 crop year. Marketable Title will be conveyed and an owners title insurance policy will be provided with the cost of the owners policy and the closing agents fee (Weber Abstract & Title in Madison, SD) to be divided 50-50 between the buyer(s) and sellers. All of the 2024 RE taxes payable in 2025 will be paid by the sellers. The total acres being sold are being sold in accordance with a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be more or less. All survey costs will be paid by the sellers. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser(s) pursuant to SD Law. FSA cropland acres, yields, bases, CRP payments & other information are estimated and not guaranteed and may be subject to an FSA reconstitution & County Committee Approval and also are subject to pending action and implementation of the New Farm Bill. Information contained herein is deemed to be correct but is not guaranteed. FSA cropland acres, yields, bases, payments & other information are estimated and not guaranteed and are subject to implementation of the New Farm Bill & County Committee Approval. The buyer to receive 100% of the CRP payment payable in 2026 with no proration. The new owner(s) will be obligated to comply with all of the remaining terms and provisions of the existing CRP contract; any penalty for non-compliance or buyout of the existing CRP contract will be the responsibility of the new owner(s). Information contained herein is deemed to be correct but is not guaranteed. This property is sold in AS IS CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Lake County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the seller. Sold subject to confirmation of the owners.