9,031 Acres in Martin, SD - $14,100,000
Schelling West River Farm
LOCATION: The Schelling WR Farm is situated near the small community of Martin in south central South Dakota. Martin is the county seat for Bennett County and offers many agricultural and service related businesses, such as a feed mill, hardware store, implement and vehicle dealers, livestock auction, medical facility, restaurants, schools as well as all the county government and USDA offices. Several grain storage and delivery systems are also located in the area.
ACREAGE: The Farm is comprised of 9,031.53 +/- acres which are all Deeded. And while not all contiguous, the acreage is well blocked and provides for management units to be cohesive and yet autonomous. The property is gently sloping providing good drainage yet very usable. Based on the USDA cropland acres, the property is over 90% tillable.
ACCESS: The property is easily accessed via US Hwy 18, (which runs directly in front ...
ACCESS: The property is easily accessed via US Hwy 18, (which runs directly in front of the HQ) and numerous well maintained county graveled roads.
OPERATION: The property is under exceptional management, currently being operated under lease. The lease arrangements are a cash lease with a lease rate on most of the acreage of $60.00 per acre, with some at $65.00. While the tenants would like to continue, the current lease agreements are up for renewal for 2019 and beyond. The crop rotations have been diverse and extensive, including crop varieties such as, corn, wheat, soybeans, sunflowers, chickpeas, lentils, and oats. Yields on all crops have recently raised the ceiling to ranges not normally thought attainable in western SD.
SOILS: The soils on the farm are comprised of mostly Class II and III Richmond, Keith, and Rosebud silty loams with productivity ratings from 70 91. The crop suitability is high providing for diverse rotation of crop varieties.
IMPROVEMENTS: The HQ improvements on the property are extensive and include a nearly new 3,000sq ft 4 bed room, 2 bath Lodge style home with vaulted ceiling and stone fireplace, 300,000 bu grain storage w/air, large shop/machine shed. With and additional off-site HQ unit and 100,000 bu grain storage.
BROKERS COMMENTS: This is an out standing farm property under excellent management and priced to sell. A partial purchase may be possible.
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