Tuesday saw 160 acres of highly productive farmland in Moody Co., S.D. sell for $9,400 an acre. The farm was located about 8.5 miles east of Trent almost on the Minnesota border. The farm featured 146 acres of tillable cropland and carried a PI of 78.4. The ground was level to gently rolling.
The farm was well located, bordered on two sides by county hard-surface roads and close to a major grain elevator.
It was sold subject to an existing lease for 2016. However, the seller will pay the buyer at closing $300 an acre on 150 acres of cropland and $150 an acre on 10 acres of hayland.
Handling the auction was Dean Stoltenberg, Pipestone Realty, LLC, Jasper, Minn., 507-348-7352 and Chuck Sutton, Auctioneer and Land Broker, Flandreau, S.D., 605-997-3777.
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