Auction Location:  Presho Fire Department, 100 E 9^th St, Presho, SD

Auctioneer’s Note: Service to country and community best sums up the late Dale & Karen Hofwolt. Dale served in the US Army for two years followed by serving in the Army Reserve, then retired as Sergeant First Class. Dale also taught at Lyman County High School for many years before returning to farming full-time. Karen was a teacher and school principal in Lyman County Elementary School until her retirement. This auction represents a nice chance to buy diversified land offered in three individual tracts and as an entire combination of 480 acres. The property is a great opportunity to add significant acres of quality land to many buyers’ portfolios from a wide variety of purchasers. Come prepared to buy! Remember...Only at Auction!

Property Location(s): Tract 1; Five miles North of Presho on 305^th Ave, One mile West on 235^th St, 3.5 miles north on 304^th Ave, property is located on East side of road. Tracts 2 & 3; Five miles North of Presho, on 305^th Ave, One mile West on 235^th St, 3 miles north on 304^th Ave, 1 mile West on 232^nd St, ½ mile North on 303^rd Ave (minimum maintenance road-be cautious of road conditions), Tract 3 is located on East side of road, Tract 2 is located on West side of road ½ mile further North. Signs designate the property and approximate property boundaries are marked with orange ribbon. Inspect the property on your own or contact Auction Co. for private showing.

Click Here for Aerial Tour of Tract 1

Click Here for Aerial Tour of Tract 2

Click Here for Aerial Tour of Tract 3

Legal Descriptions:

Tract 1:

Northwest Quarter (NW ¼) Section Twenty-eight (28), Township One Hundred Seven (107) North, Range Seventy-Seven (77), West of the 5th P.M. Lyman County, South Dakota. 160 +/- acres. Tract 1 consists of 45.14 +/- tillable acres presently in hay production in the northeast portion of the tract. These acres have some terraces and berms in place for erosion control and runoff management. The remaining 114.86 +/- acres consist of native range in hay production and ROW. A dugout/dam for is located near the center of the tract. Tract 1 features a 51 Productivity Index. Tract 1 is bordered by a gravel road along the west boundary. There are no improvements in this tract. R.E. Taxes: $722.38

Tract 2:

Southeast Quarter (SE ¼) Section Nineteen (19), Township One Hundred Seven (107) North, Range Seventy-Seven (77), West of the 5th P.M. Lyman County, South Dakota. 160 +/- acres. Tract 1 consists of 50.97 +/- acres in CRP with an annual payment of $2221 that expires 9/30/2021. Additionally, there are 99.7 +/- tillable acres presently in hay production. The remaining 9.33 +/- acres consist of native range, grass waterways and ROW. Tract 2 features a 54 Productivity Index. Tract 2 is bordered by a minimum maintenance road along the east boundary. West River/Lyman-Jones has a rural water pipeline bordering the property along the road. There are no improvements in this tract. R.E. Taxes: $891.82

Tract 3:

Northwest Quarter (NW ¼) Section Twenty-nine (29), Township One Hundred Seven (107) North, Range Seventy-Seven (77), West of the 5th P.M. Lyman County, South Dakota. 160 +/- acres. Tract 3 consists of 160 +/- acres in native range and ROW that was unused in 2017. Water is supplied by a dam located along the east side of the property and an existing WR/LJ Rural Water tap is located in the extreme northwest corner of the tract. Tract 3 features a 42 Productivity Index. Tract 3 is bordered by a minimum maintenance road along the west boundary. No divide fences exist between the adjoining properties to the east and south. There are no improvements in this tract. R.E. Taxes: $473.50

Tract 4:

The combination of Tracts 1, 2 & 3. 480 +/- Acres. In total, this auction property offers 144.84 +/- acres of tillable land in hay production, 50.97 +/- acres in CRP and the remaining 284.19 +/- acres in native range, waterways, dams and ROW. The property will be sold in the manner that generates the most revenue for the seller.

Owner:  Dale Hofwolt Estate; Margie Wiebers and Stephen Hayes, Co-Personal Representatives

Terms:  A 15% non-refundable earnest money deposit along with a signed purchase agreement will be required the day of the auction. The balance of the purchase price will be due in full, certified funds at closing on or before March 29, 2018 at Lyman County Title, Kennebec, SD. The Seller will pay 2017 R.E. taxes due and payable in 2018. Buyer is responsible for subsequent R.E. taxes. Title Insurance and closing service fee will be divided equally between Buyer and Seller. Information on this property was obtained from the Lyman County governmental offices, USDA Farm Service Agency and USDA Natural Resources Conservation Service. This information is deemed reliable but is not guaranteed by the Seller or Peterson Land & Auction LLC who is representing the Seller only in this transaction. Property will be sold subject to seller confirmation. No buyer contingencies of any kind are offered nor will any be accepted. Please have financial arrangements secured prior to bidding. The property will be sold in “As-is” condition-No warranty is made as to property boundaries, soil productivity, water supply or environmental hazards. Please inspect the property to the extent deemed necessary and rely on your own judgment when bidding. Do your own research both onsite and offsite. Announcements made day of auction take precedence over printed material or prior representations.