$6,500 per acre in Eastern South Dakota

June 17, 2016 11:53 AM

June 14 saw the auction of 80 acres in northeastern Lake Co., S.D., bring $6,500 an acre. The farm was located southeast of Nunda. It featured 73 acres of cropland and a PI of 69.7. The land is leased for the 2016 crop year although at closing the buyer will be compensated by the seller with a supplemented cash rental rate of $200.00 per acre on 73 acres.

Handling the auction was Wayne Bessman, Bessman Auctions & Clearing Service, LLC, Madison, S.D., 605-256-4980 and Chuck Sutton, Auctioneer & Land Broker, Sioux Falls, S.D., 605-336-6315.