Auction Note

LAND AUCTION 1,520 +/- Acres – Irrigated & Dry Cropland - McPherson County, SD Wednesday, December 13, 2017 – 10:00 a.m. (CT)   Auction Location:  Best Western Ramkota Hotel – 1400 8th Ave NW, Aberdeen, SD 57401 AUCTION NOTE: McPherson County land features 1,520 acres of irrigated, dry cropland, CRP, and hunting land to be sold in 7 parcels! Irrigated land includes 1,186 acres with 12 pivots. Great soil conditions and irrigation systems for potatoes, corn, soybean, and small grain farming. Auction also features 2 parcels that include 80 acres of CRP and an additional 80 acres with excellent habitat for pheasants, grouse, deer and other small game. Located east of Eureka, SD with great access. All parcels located in the same township and close proximity. Available for 2018 crop year! Contact:  Bob Pifer at 701.371.8538 bob@pifers.com or Kevin Pifer 701.238.5810 kpifer@pifers.com for more information and a complete catalog.   Driving Directions:  From Eureka, SD go 12 miles east on Highway 10, then go north on Highway 45 three miles to 109th St, then go 2 miles west. This will bring you to the corners of Parcels 3, 4 and 5. From here go north 1 mile on 339th. This will bring you to the corners of Parcels 1 & 2. Back on Highway 45 and 109th St go north to 108th and go ½ mile west and Parcel 7 will be .25 mile south. Go back to Highway 45 go north ½ mile. This will bring you the southeast corner of Parcel 6.     PIVOT MAP & INFORMATION    BASE ACRES & YIELDS   Property Information: PARCEL 1 Acres: 560 +/- Legal: E½NE¼ & W½NE¼ & E½NW¼ & W½NW¼ & E½SW¼ & W½SW¼ & W½SE¼ Section 10-127-71  Irrigated Cropland:  505.63 +/- Dry Cropland: 44.9 +/- Taxes (2017):  $4,027.86 5 Pivots & 4 Wells all are electric systems with 3-phase electric pumps, well permit #6258-3, 800 gallons per minute except pivot #3(see below), #100 Nelson end guns lower pressure drop nozzles. Pivot #1 - Valley (1994), 7 towers, 65’ well depth, and system makes a full circle. Pivot #2 - Valley (1995), 7 towers, and system makes a full circle. Pivot #3 - Valley (1990), 3 towers, 65’ well depth, well shared with pivot #2, 300 gallons/minute, and makes a full circle in the center of the section. Pivot #4 - Lockwood (1985), retrofit in 2007, 8 towers, 65’ well depth, and makes a 1/2 circle. Pivot #5 - Valley (1996) electric system, 7 towers, 68’ well depth and makes a full circle.         PARCEL 2 Acres: 160 +/- Legal: NW¼ Section 15-127-71 Irrigated Cropland: 133.8 +/- Dry Cropland: 22.77 +/- Taxes (2017):  $1,072.20 Pivot #6 - Valley (1995) electric system, well permit #6258-3; 7 towers, #100 Nelson end gun, lower pressure drop nozzles, 3-phase electric pump, 70’ well depth, 800 gallons/minute, and makes a full circle.     PARCEL 3 Acres: 80 +/- Legal: E½SE¼ Section 16-127-71 Irrigated Cropland: 66 +/- Dry Cropland: 11.80 +/- Taxes (2017): $594.46 Zimmatic (mid-1980’s refurbished) electric system, well permit #7323-3, 8 towers, #100 Nelson end gun, low-pressure drop nozzles, 3-phase electric pump, 85’-88’ well depth, 800 gallons/minute, and system makes a half circle.  Pivot installed in 2013 at an approximate cost of about $75,000.     PARCEL 4 Acres: 80 +/- Legal: N½NE¼ Section 21-127-71 Irrigated Cropland: 66 +/- Dry Cropland: 12 +/- Taxes (2017):  $615.12 Zimmatic (mid-1980’s refurbished) electric system, well permit #7323-3, 8 towers, #100 Nelson end gun, low-pressure drop nozzles, 3-phase electric pump, 85’-88’ well depth, 800 gallons per minute, and system makes a half circle.  Pivot installed in 2015 at an approximate cost of about $75,000.     PARCELS 5 Acres:  478.70 +/- Legal:  SW¼NE¼ & N½NE¼ & NW¼ & SW¼ & NW¼SE¼ Section 22-127-71 Irrigated Cropland: 414.56 +/- Dry Cropland: 22.09 +/- Taxes (2017): $3,837.78 4 Pivots & 4 Wells all electric systems with 3-phase electric pumps, well permit #3656-3, #100 Nelson end guns lower pressure drop nozzles. Pivot #7 - Valley (1994), 7 towers, 70’ well depth, 800 gallons/minute, and system makes a full circle. Pivot #8 - Allumigator (1982), retrofit in 1996, 10 towers, 800 gallons/minute and system makes a full circle. Pivot #9 - Valley (1997), 6 towers, 70’ well depth, 600 gallons/minute, and system makes a ¾ circle. Pivot #10 - Zimmatic (1985), 5 towers, 60’ well depth, 300 gallons/minute and makes a full circle.   PARCEL 5A - Bin Site Acres: 1.30 +/- Legal:  Lot 1 Neaharth's Addition in NW¼ Section 22-127-71 Taxes (2017): $9.14 2 – 25,000 bushel 2007 Sukup Bins with full floor aeration, each with 2 15hp centrifugal fans with` LPG heaters, 12” concrete Stem wall, 36’ diameter, 25.67’ sidewall height. One 1,000 gallon LPG tank.  3 additional steel grain bins on site.       PARCEL 6 Acres:  80 +/- Legal: N½SE¼ Section 11-127-71 CRP: 79.50 acres @ $41.99/ac. - $3,338.00/yr. – Expires: 9-30-2020 Taxes (2017): $599.90 This property features 80 +/- acres with 79.50 acres in CRP with a good payment.  CRP contract to expire 9/30/2020.  The property has fantastic habitat for pheasant, and grouse hunting. This is your opportunity to own hunting land with a yearly CRP payment.     PARCEL 7 Acres: 80 +/- Legal: SE¼NW¼ & NE¼SW¼ Section 14-127-71 Taxes (2017):  $158.44 This property features 80 +/- acres. USA land is located to the east and north of the property. Fantastic habitat for grouse and waterfowl hunting for ducks and geese. This is your opportunity to own good hunting land with low property tax.     OWNER: Rabo AgriFinance