Cal Poly Foundation, LLC – 159 Acres of Unimproved Faulk Co., SD Land

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+/-159 Acres of Well Located Fairview Township Faulk County, SD Land
– This Land is Located Near Cresbard, SD and Has a High Percentage Tillable and Productive Soils – This Property Could Serve as an Excellent Addition to an Area Row Crop Farming Operation or Investment Property

Due to the receipt of a very benevolent gift from Ida Mae Berg Trust to the Cal Poly Foundation, LLC and their decision to sell this property, we will offer this land at public auction “On Site” at the land located from the Cresbard, SD Corner on Hwy. #20 – 1 mile north through Cresbard, SD on Main Street, ½ mile east on 7th St./153rd St., then 4 miles north on Co. Hwy. #15/362nd Ave. to the NE Corner of the land at the Jct. of 149th St. & 362nd Ave.; from Ipswich, SD – approx. 16 miles south on Hwy. #45 to 150th St., then 4 miles east on 150th St. and 1 mile north on Co. Hwy. #15/362nd Ave.

WEDNESDAY APRIL 10, 2024          SALE TIME: 1:00 PM – On Site

Auctioneer’s Note: We are privileged to offer this property at public auction on behalf of the Cal Poly University Foundation. This property features a variety of excellent amenities including a high percentage tillable, high quality soils and excellent eye appeal with a level to nearly level topography and is located in a prominent agricultural area of Faulk County, SD. If you are in the market for a very desirable parcel of land that would make an excellent addition to a row crop farming operation or as an addition to your investment portfolio, then make plans to inspect this property and be in attendance at this auction!

This property consists of a very high percentage tillable parcel of land situated in northern Faulk County and is just 1 mile south of the Faulk/Edmunds County line. According to FSA information this property has approximately 150.14 acres of cropland, with an FSA 39.70 acre corn base with a 132 bu. PLC yield and a 51.06 acre soybean base with a 33 bu. PLC yield and a 30.24 acre wheat base with a 47 bu. PLC yield. According to the Faulk County Assessor this land has a very respectable overall soil rating of .860, comparatively info. obtained from Surety Agri Data, Inc. indicates this land has an overall weighted average soil rating of 78.1 with the soils on the cropland acres being comprised predominately of Class II soils. This land has good eye appeal with a level to very gently rolling topography, with the nontillable areas comprised of a couple of lowland pockets & roads. The 2023 RE taxes payable in 2024 on this property are $2,054.36. This land is available for a new owner to farm or lease as they desire in 2024.

LEGAL DESC.: The NE¼ of Sec. 7, T. 120N., R. 67W., (Fairview Twp.), Faulk County, SD.

TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before May 29, 2024 with full possession for the 2024 crop year. Marketable Title will be conveyed with an owner’s title insurance policy provided with the cost of the owner’s policy and closing agent’s fee (Faulk County Land & Title Co.) both divided 50-50. All of the 2023 RE taxes payable in 2024 will be paid by the seller, with the buyer to be responsible for all of the 2024 RE taxes payable in 2025. The acres being sold are based on the acres as stated on the Faulk County Assessor’s records, with the acres understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA cropland, yields, bases & other information is estimated and not guaranteed and are subject to county committee approval. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any. Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Board of Cal Poly Foundation, LLC and/or their designee.

To view aerial maps, soils data and other information concerning this property see www.suttonauction.com or to make arrangements for absentee bidding or other information contact the auctioneers.

CAL POLY FOUNDATION, LLC – Owner

CHUCK SUTTON – Auctioneer & Land Broker
– Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777,
JARED SUTTON, CAI – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527
& JARK-WORLIE AUCTION SERVICE, LLC – Aberdeen, SD
– Val W. Jark – RE Auctioneer & Broker Associate – ph. 605-380-2244
& Merlin Worlie – RE Auctioneer – 605-715-920