Farm/Ranch for sale in Martin, SD

1 of 5
MARTIN, SOUTH DAKOTA,

BENNETT COUNTY FARMLAND

1,739 Acres l $3,000,000



EXECUTIVE SUMMARY



LOCATION: This Farmland property is located just west of Martin, South Dakota. The HQ can be accessed by taking US Hwy 18; From Martin, take Hwy 18 6.5 mi. west and north 1 mi. on graveled County Rd.



CLIMATE: Bennett County regularly sees an average of 83 degrees high temps (Fahrenheit) during the summer months and experiences an average of 19.08" precipitation. With about 110 day growing season, the grower has an opportunity to plant a wide variety of crops with positive expectations.



SIZE: The property consists of 1,739 acres of which 1,636 acres are tillable. (94% Tillable)



TAXES: The real property taxes, for the year most recent, were $10,228.44



OPERATION: The property is currently being operated by the owner. Crop history has been a combination with Corn, Wheat, Sunflowers, and Grain sorghum, in the rotation. Yield histories are on file and available upon request. The Seller reserves the right to lease the property for the 2017 crop year. The rental rate shall be no greater than $70.00 per tilled acre.



SOILS: The soil base has a makeup of several different types of Silty Loams. Silty loam soil contains healthy amounts of sand, clay, and silt, making the soil adequate for nearly all plant life to flourish given favorable conditions. The most predominant silt loam in the offering is the Keith-Rosebud silt loams making 45.4% of the property with a Productivity Index (PI) of 82. The highest Indexing soil found on the property is the Mobridge silt loam, comprising 9.5% of the property and a PI of 91. The weighted average Productivity Index is an astounding 73.4.



PRICE: The Bennett county farmland is priced at $3,000,000. USD The Seller reserves the right to qualify this property in an IRC 1031 Tax Differed Exchange and will require Purchasers cooperation. No added costs or delays shall be incurred by the Purchaser.

  • Price: $3,000,000

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