ESTATE/PARTNERSHIP LAND AUCTION ATTENTION - Livestock/Row Crop Producers, Hunters & Wildlife Enthusiasts +1-621 Acres of Sanborn County, SD Land We wil ofer the following Land at public auction "On Sto" at the land - Located hom Artesian, S0 - 1 mie west on Hwy. F34 and 2 miles north on 413th Ave. to the land from the Jct. of Highways #34 and 37 north of Mocheil s0 -4 miles east on Hwy 134 and 2 miles north on 413th Ave:or hom Howard, S0- approx. 17 miles west on thwy. 434 and 2 miles north on 413th Ave. SALE DATE: THURSDAY FEBRUARY 25, 2021 Sale Time: 10:00 AM AUCTIONEER'S NOTE Due to the secent death of Jen Hoffman and the recent dspersal of our stock com herd, his heirs and the emaining partners in JKHotman Farms, LLC, have decided to offer the following pasture & cropland at public auction, These two farms are acIoss the road hom one another and lend themselves to a sotational grazing program, and esch has some areas that provide some excellent hunting and recreational opportunites. FARM #1- +/-317 Acres - LEGAL DESC.: The NW 4 and the SW % of Sec. 29, T. 107N., R.59W. (Benedict Twp.), Sanborn County, SD Farm 1 is an excelent ooplivestock farm with a misture of cropland and pasture that is sectionalized with 5 paddocks to accommodate a rotutional grazing program as operated by the owners. This property has NO wildife of conservation easements according to US Fish and Wildife. although according to the owners there may be an option available for a future owner to enroll in a conservation easement, as they have been offered approx. S600.00 per acre for enrolment in a conservation easement According to FSA information this property is considered to contain a total of approx. 12047 acres of cropland- FSA T F110 (The SWij has approx. 6395 acres of copland with a 22.48 acre com base with a 129 bu. PLC yeld and a 584 acie soybean base with a 36 bu. PLC yeld, FSA 5677 (The NWij has approx. 56.52 acres of cropland with a 19.87 a yield and a 536 acre soybean base with a 36 bu. PLC yieldt although at present only approx. 31 acres have been under cutivaton under the current mode of operation, the remainder is being utilized as tame grass pasture that is fenced into _5. paddocks utliced in conjunction with a rotational grazing program by the owners. Livestock water is provided from an Artesian flowing well with a large tire tank, 2 dugouts - 1in the NW and 1 in the SW and also from Redstone Creek which traverses the ftam. Additonally the north dich has been recently cleaned by be owners and a new fence wil be installed at the owners expense on the north end of the property, addtionally by mutual agreement the south boundary roadway has been officially closed and has been suneyed and a new fence will be constructed along the south end of the property at the expense of the present owners - this fencing will be compieted in the Spring of 2021 and to ensure compietion the owners will agree to have $10.000.00 heid in escrow and paid to the owners subsequent to installation of the fence. The general topography of this land is level to gently rolling According to information obtained trom the Sanborn Co. Assessor the NW Ncontains approK. 159 acres and has a soil rating of S88 and the Sw contains appron. 158 acres andhas a sol rating of 43. According to Sarborn County Treasurer 2020 RE Taves payable in 2021 on the NWi are $1349.46 and on the SWi are $81554. 3 acre cormbase with a 129 bu. PLC FARM #2- +1-304 Acres - LEGAL DESC.: The SEM, except 17' off the east side of the SEN; the E% SW and the W% SW of Sec. 30, T. 107N., R.59W. (Benedict Twp.), Sanborn County, SD Farm #2 is an excellent ivestock farm with areas that may provide some hunting opportunities. This property is al under a perpetual US Fish and Widife Gassland Easement, which prohibits row cropping on this land, athough there are no limitations on grazing. This property is well fenced with 4 barbed wire tencing in place and livestock water is provided by 2 Artesian flowing wells with a 2 large tire tanis in place and abo from Redstone Creek which taverses the property. Additionally there are established trees and other areas that provide protection for ivestock as wel as some hunting and recreational habitat, especially in combination with strategicaly located food plots mat have been routinely placed on this property. The general topography of this land is level to gently coling According to information obtained from the Sanborn Co. Assessor the SE i contains approx. 159 acres and has a soil rating of 584 and the W SW i contains approx. 7250 acres and has a soil ating of 343 and the E % SW contains approx. 12.50 acres and has a sol rating of .66. According to Sanbom County Treasurer 2020 RE Taves payable in 2021 on the SEN are S136.82: on the E SWi are $725.00 and on the W SWi are $84516 TERMS: Cash -A 10% nonrefundable earnest money payment on the day of the sale with the balance on or belore April 9, 2021, with full possession for the 2021 crop and grazing season. Marketable Titie wil be conveyed and an Owner's Tite Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. Farm 42 is subject to a US Fish & Widite Grassiand Easement, which prohibits row cropping, while allowing haying and graring of the land subject to the terms and provisions of the easement. This property is being sold based on the acres as staned on the county tax ecords, with acres in ether case being understood to be "more or less". All of the 2020 RE taves payable in 2021 will be paid by the sellers, with the purchaser to be responsible for al of the 2021 RE taxes payable in 2022. The seler does not warranty or guarantee that existing fences lie on the tue & comect boundary and new fencing. f any, wil be the responsibity of the purchaser pursuant to S0 low, with the exception of the new fencing on both the north and soutn ends of Fam #1, which wil be installed at the expense of the sellers. FSA yields, bases, payments or other into. is estimated and subject to County Committee approval. Information contained herein is deemed so be comect but is not guaranteed. This property is sold in "AS IS" Conditions and subject to existing easements, restrictions, reservations or highways of record, any, and subject to Sarborn Ca. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confemation of the Owners. Please mark your calendars and plan to attend this auction, or if you are unable to atend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make anangements. To View FSA Maps. Sols or addisonal information, see www.suttonauction.com or contact the auctioneers HEIRS OF JIM HOFFMAN - JK HOFFMAN FARMS, LLC, Owners Tyler - Cell Ph. - 605-999-1613 or Shelly - Cell Ph. - Ph. 605-770-6096 CHUCK SUTTON - Auctioneer & Land Broker - Sioux Falls, S0 - ph. 605-336-6315 & Flandreau, SD - ph. 605-997-3777, DEAN GULBRANSON - RE & Pers. Property Auctioneer - Madison, SD - ph. 605-695-0133 & JARED SUTTON - Auctioneer & RE Broker Associate - Flandreau, SD - ph. 605-864-8527 ESTATE/PARTNERSHIP LAND AUCTION ATTENTION - Livestock/Row Crop Producers, Hunters & Wildlife Enthusiasts +1-621 Acres of Sanborn County, SD Land We wil ofer the following Land at public auction "On Sto" at the land - Located hom Artesian, S0 - 1 mie west on Hwy. F34 and 2 miles north on 413th Ave. to the land from the Jct. of Highways #34 and 37 north of Mocheil s0 -4 miles east on Hwy 134 and 2 miles north on 413th Ave:or hom Howard, S0- approx. 17 miles west on thwy. 434 and 2 miles north on 413th Ave. SALE DATE: THURSDAY FEBRUARY 25, 2021 Sale Time: 10:00 AM AUCTIONEER'S NOTE Due to the secent death of Jen Hoffman and the recent dspersal of our stock com herd, his heirs and the emaining partners in JKHotman Farms, LLC, have decided to offer the following pasture & cropland at public auction, These two farms are acIoss the road hom one another and lend themselves to a sotational grazing program, and esch has some areas that provide some excellent hunting and recreational opportunites. FARM #1- +/-317 Acres - LEGAL DESC.: The NW 4 and the SW % of Sec. 29, T. 107N., R.59W. (Benedict Twp.), Sanborn County, SD Farm 1 is an excelent ooplivestock farm with a misture of cropland and pasture that is sectionalized with 5 paddocks to accommodate a rotutional grazing program as operated by the owners. This property has NO wildife of conservation easements according to US Fish and Wildife. although according to the owners there may be an option available for a future owner to enroll in a conservation easement, as they have been offered approx. S600.00 per acre for enrolment in a conservation easement According to FSA information this property is considered to contain a total of approx. 12047 acres of cropland- FSA T F110 (The SWij has approx. 6395 acres of copland with a 22.48 acre com base with a 129 bu. PLC yeld and a 584 acie soybean base with a 36 bu. PLC yeld, FSA 5677 (The NWij has approx. 56.52 acres of cropland with a 19.87 a yield and a 536 acre soybean base with a 36 bu. PLC yieldt although at present only approx. 31 acres have been under cutivaton under the current mode of operation, the remainder is being utilized as tame grass pasture that is fenced into _5. paddocks utliced in conjunction with a rotational grazing program by the owners. Livestock water is provided from an Artesian flowing well with a large tire tank, 2 dugouts - 1in the NW and 1 in the SW and also from Redstone Creek which traverses the ftam. Additonally the north dich has been recently cleaned by be owners and a new fence wil be installed at the owners expense on the north end of the property, addtionally by mutual agreement the south boundary roadway has been officially closed and has been suneyed and a new fence will be constructed along the south end of the property at the expense of the present owners - this fencing will be compieted in the Spring of 2021 and to ensure compietion the owners will agree to have $10.000.00 heid in escrow and paid to the owners subsequent to installation of the fence. The general topography of this land is level to gently rolling According to information obtained trom the Sanborn Co. Assessor the NW Ncontains approK. 159 acres and has a soil rating of S88 and the Sw contains appron. 158 acres andhas a sol rating of 43. According to Sarborn County Treasurer 2020 RE Taves payable in 2021 on the NWi are $1349.46 and on the SWi are $81554. 3 acre cormbase with a 129 bu. PLC FARM #2- +1-304 Acres - LEGAL DESC.: The SEM, except 17' off the east side of the SEN; the E% SW and the W% SW of Sec. 30, T. 107N., R.59W. (Benedict Twp.), Sanborn County, SD Farm #2 is an excellent ivestock farm with areas that may provide some hunting opportunities. This property is al under a perpetual US Fish and Widife Gassland Easement, which prohibits row cropping on this land, athough there are no limitations on grazing. This property is well fenced with 4 barbed wire tencing in place and livestock water is provided by 2 Artesian flowing wells with a 2 large tire tanis in place and abo from Redstone Creek which taverses the property. Additionally there are established trees and other areas that provide protection for ivestock as wel as some hunting and recreational habitat, especially in combination with strategicaly located food plots mat have been routinely placed on this property. The general topography of this land is level to gently coling According to information obtained from the Sanborn Co. Assessor the SE i contains approx. 159 acres and has a soil rating of 584 and the W SW i contains approx. 7250 acres and has a soil ating of 343 and the E % SW contains approx. 12.50 acres and has a sol rating of .66. According to Sanbom County Treasurer 2020 RE Taves payable in 2021 on the SEN are S136.82: on the E SWi are $725.00 and on the W SWi are $84516 TERMS: Cash -A 10% nonrefundable earnest money payment on the day of the sale with the balance on or belore April 9, 2021, with full possession for the 2021 crop and grazing season. Marketable Titie wil be conveyed and an Owner's Tite Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. Farm 42 is subject to a US Fish & Widite Grassiand Easement, which prohibits row cropping, while allowing haying and graring of the land subject to the terms and provisions of the easement. This property is being sold based on the acres as staned on the county tax ecords, with acres in ether case being understood to be "more or less". All of the 2020 RE taves payable in 2021 will be paid by the sellers, with the purchaser to be responsible for al of the 2021 RE taxes payable in 2022. The seler does not warranty or guarantee that existing fences lie on the tue & comect boundary and new fencing. f any, wil be the responsibity of the purchaser pursuant to S0 low, with the exception of the new fencing on both the north and soutn ends of Fam #1, which wil be installed at the expense of the sellers. FSA yields, bases, payments or other into. is estimated and subject to County Committee approval. Information contained herein is deemed so be comect but is not guaranteed. This property is sold in "AS IS" Conditions and subject to existing easements, restrictions, reservations or highways of record, any, and subject to Sarborn Ca. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confemation of the Owners. Please mark your calendars and plan to attend this auction, or if you are unable to atend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make anangements. To View FSA Maps. Sols or addisonal information, see www.suttonauction.com or contact the auctioneers HEIRS OF JIM HOFFMAN - JK HOFFMAN FARMS, LLC, Owners Tyler - Cell Ph. - 605-999-1613 or Shelly - Cell Ph. - Ph. 605-770-6096 CHUCK SUTTON - Auctioneer & Land Broker - Sioux Falls, S0 - ph. 605-336-6315 & Flandreau, SD - ph. 605-997-3777, DEAN GULBRANSON - RE & Pers. Property Auctioneer - Madison, SD - ph. 605-695-0133 & JARED SUTTON - Auctioneer & RE Broker Associate - Flandreau, SD - ph. 605-864-8527