AUCTION TERMS:  Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before January 30, 2026 with landlord’s possession for the 2026 crop year, with the buyer(s) to receive seller’s enhanced rents, which will be credited to the buyer at closing.   Marketable title will be conveyed with an owner’s title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee will be divided 50-50 between the buyer and seller.  The total acres being sold will be sold in accordance with a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”.   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, 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.  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 applicable Lake County Zoning Ordinances. All of the 2025 RE taxes payable in 2026 will be paid by the sellers, with the buyer(s) to be responsible for 100% of the 2026 RE taxes payable in 2027.  The RE licensees in this transaction are acting as agents for the agent for the owners.  Sold subject to confirmation of the personal representative/trustee.

INTERNET BIDDING TERMS:

• *DO NOT REGISTER ONLINE IF YOU ARE ATTENDING THE LIVE ONSITE AUCTION!!
• Bidders who wish to Bid online for the property must be registered at least 24 Hours Prior to the Auction. Bidders may contact Sutton Auctioneers & Land Brokers, LLC at 605-336-6315 or office@suttonauction.com.
• Bidders who wish to bid online must provide Sutton Auctioneers & Land Brokers, LLC with a Bank Letter of Pre-Approval prior to bidding online. Bidders will not be automatically approved and online bidders will be manually approved for the auction.
• Sutton Auctioneers & Land Brokers, LLC has the right to require a wire or electronic transfer of funds if the bidder is unable to meet in person with a representative from the auction company. 
• By making a bid, Bidder accepts the terms and conditions below and will be bound by them.
• Announcements made the day of the sale take precedence over written or advertised announcements, but do not alter, in any way, the terms and conditions of the sale.

This auction presents the terrific opportunity to purchase 3 Individual Parcels of land all of which are situated within a close proximity to one another and situated in a prominent agricultural area in Wentworth Township in Lake County, SD.   All of These Farms are  located near Lake Madison & within approximately 1 Mile of the Dakota Ethanol Plant at Wentworth SD.  All of these Farms are being sold subject to a $350.00 per acre Cash Lease on the Cropland Acres for the 2026 Crop Year.

FARM #1:  SALE SITE – +/-138.49 Acres – Legal Desc.: The NW¼ of Sec. 20, T. 106N.,  R. 51W., Except Tract A of Abraham’s & Basler’s Add’n. contained therein; & Exc. Lots H-1 & H-2, (Wentworth Twp.), Lake County, SD. 

This surveyed +/-138.49 acre farm will be offered as one individual parcel.  According to FSA information this farm has approx. 147.61 acres of Farmland and approx. 127.98 acres of cropland (although with a 61.69 acre corn base with a 144 bu. PLC yield and a 64.60 acre soybean base with a 46 bu. PLC yield and previously has been enrolled under the ARC County Election of the USDA Farm Program.    The general topography of this land is level to gently rolling.  According to the Lake Co. Assessor this land has an Overall Soil Rating of .684, similarly Surety Agri-Data info. indicates this land has a soil rating of 68.5.  To improve access to a +/-13.75 acre field in the Southeast corner of the farm, the sellers recently had a crossing professionally installed by Michael Johnson Construction at a cost of over $6,000.00 – including a 30”x40’ culvert that was packed, leveled and covered with a gravel top layer. The 2024 RE taxes payable in 2025 on this land were $2,367.10.  This farm has primarily normal utility easements, including a Lewis and Clark Water Easement, with a preliminary title commitment available upon request.   This land is sold subject to seller enhanced cash rent for 2026, with the new buyer to receive $350.00 per acre on a rounded acreage amount of 130 acres for a total rental amount of $45,500.00, which will be credited to the buyer at closing.  This is a parcel of land that is extremely well located lying adjacent to SD Hwy. #34 and within approximately 1 mile of the Dakota Ethanol Plant, that is well suited to serve as a nice addition to an area row crop farming operation or investment.

FARM #2 – +/-53.80 Acres – Legal Desc.: The  N½ NE¼ of Sec. 29, T. 106N., R. 51W.;  Except Tract A of Basler’s First Add’n.; and Except Lots 1, 2, 3 & 4 of Basler’s 2nd Add’n.; (Wentworth Twp.), Lake Co., SD. Located from the NW Corner of Farm #1 – 1 mile south on 461st Ave. (Co. Hwy. #21) and ½ mile east on 236th St.; from Wentworth, SD 1 mile south on 462nd Ave. to the Wentworth Corner on Hwy. #34, then continue 1 mile south on 462nd Ave. and 1 mile west on 236th St. to the NW Corner of the land at the Jct. of 461A Ave. & 236th St.

This Surveyed +/- 53.80 acre farm will be offered as an individual parcel.  According to FSA information this farm has approx. 55.18 acres of Farmland and approx. 55.18 acres of cropland, which appear to be slightly overstated, with a 27.91 acre corn base with a 144 bu. PLC yield and a 26.94 acre soybean base with a 46 bu. PLC yield and previously has been enrolled under the ARC County Election of the USDA Farm Program.  The general topography of this land is gently rolling.  According to the Lake Co. Assessor this land has an Overall Soil Rating of .76, similarly Surety Agri-Data info. indicates this land has a soil rating of 76.7.    The 2024 RE taxes payable in 2025 on this land were $1,011.10.  This farm has primarily normal utility easements, with a preliminary title commitment available upon request.  This land is sold subject to seller enhanced cash rent for 2026, with the new buyer to receive $350.00 per acre on a rounded acreage amount of 55.2 acres for a total rental amount of $19,320.00, which will be credited to the buyer at closing.

FARM #3 – +/-53.09 Acres – Legal Desc.: The  N½ NW¼ of Sec. 28, T. 106N., R. 51W., Except Lot 1 of Vitins’  Add’n.; and Exc. Tract A of Basler’s 1st Add’n.; and except Tract B of Basler 2nd Add’n.; and Except that Portion of the BNSF Railroad Right of Way; (Wentworth Twp.), Lake Co., SD.  Located from the NW Corner of Farm #1 – 1 mile south on 461st Ave. (Co. Hwy. #21) and approx. 1 ¼ miles east on 236th St.; from Wentworth, SD 1 mile south on 462nd Ave. to the Wentworth Corner on Hwy. #34, then continue 1 mile south on 462nd Ave. and approx. ¼ mile east on 236th St.

This Surveyed +/-53.09 acre farm will be offered as an individual parcel.  According to FSA information this farm has approx. 52.80 acres of Farmland and approx. 52.26 acres of cropland with a 25.20 acre corn base with a 144 bu. PLC yield and a 26.32 acre soybean base with a 46 bu. PLC yield and previously has been enrolled under the ARC County Election of the USDA Farm Program.  The general topography of this land is gently rolling to rolling and includes a small dugout in the south central portion of the farm.  According to the Lake Co. Assessor this land has an Overall Soil Rating of .758, comparatively Surety Agri-Data info. indicates this land has a soil rating of 71.5.    The 2024 RE taxes payable in 2025 on this land were $1,024.36.  This farm has a waterline easement to Dakota Ethanol LLC, as well as other utility easements, additionally there is an easement agreement dated 6/9/2023 to Summit Carbon Solution, LLC; a preliminary title commitment available upon request.  This land is sold subject to seller enhanced cash rent for 2026, with the new buyer to receive $350.00 per acre on a rounded acreage amo

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