Terms and Conditions
Auction Terms & Conditions

All registered bidders must provide a letter of credit from a banking institution 24 hours prior to the start of the auction.

Vander Werff & Associates and its Employees act merely as agents for sellers. All final bids are subject to the seller's approval. While the information we offer on item(s) is deemed accurate, no warranties are expressed or implied. Information on items is attained by us from the sellers and you agree to hold Vander Werff & Associates and their Employees harmless for any errors or oversights regarding the item(s) being sold. This information comprises but is not limited to year, model, hours, condition, options, structures, unintentional errors in cataloging, authenticity or imperfections not precisely noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own examination or by a third party, during Open Houses/Inspection periods. The winning bidder will be notified via email from the Auction Company. Printed or verbal statements made by the auction company are matters of belief and are made in good faith. ALL ITEMS ARE SOLD AS-IS WHERE-IS.

Online auctions have a scheduled open and close date and time. Upon your accepted bid of an article, that article shall instantly become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Vander Werff & Associates, its employees, and their sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any theft or damages. Buyers are accountable for any costs incurred to prepare their item(s) for transport. This includes but is not necessarily limited to the cost of any load out, disassembly, or transport and any/all other costs related to physical transfer of their item(s). Buyers are required to pick up sold items on scheduled pickup dates selected by the Auction Company.

If payment is not made by scheduled pickup day, all purchases due will be charged to your credit card and subject up to a 3.5% fee. You further understand and agree that failure to remove items in the stated time could result in storage, removal fees and/or forfeited to the Auction Company.

By using our online auction service you are entering into a legally binding contract to purchase said item(s). Bids may not be cancelled or withdrawn for any reason. You acknowledge that the internet may be an undependable and an error prone network. Vander Werff & Associates will not guarantee that bids placed online will be conveyed to or received by the auctioneer in an appropriate time frame. You agree to hold Vander Werff & Associates and their employees harmless for any disruptions in bidding and/or auction software. The auction company shall not be held responsible for any missed bids. Further, the auctioneer has the right to accept or refuse any bid(s) at their discretion. Vander Werff & Associates retains the right to add, delete or change some or all of our online services as well as the terms and conditions without notice. Please check back and review auction terms frequently.
Bidder responsibilities are but not limited to the following:

All bidders must provide their name, email address, phone number, address at which they can be contacted for communication between Vander Werff & Associates throughout any transaction or auction.

Bidders will be accountable and must obey any and all local, state and federal laws any/all violations will result in conclusion of bidding and website use privileges with this auction company. All bidders must be liable to provide appropriate forms of payment for items bought.

Bidders recognize that this auction has live and online bidding simulataneously. The final bidding will close and remain closed as the auctioneer sells the item. A bidder can place a maximum bid on one or more lots. The current bid price does not automatically go to the max bid. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified until reaching your max bid.

When paying within the stated time our acceptable payment methods are cash, check, bank wire or credit card. If a credit card is used, your account will be charged up to a 3.5% convenience fee. If paying by bank wire there will be a $10 incoming wire fee. No items will be released until paid in full. All sales are final.

105.14 SURVEYED ACRES IN FAIRVIEW TWP, LINCOLN CO, SD AT AUCTION Friday, August 29, 2025 @ 10:30 AM Between Canton & Hudson, SD Tract 1: 63.44 surveyed acres Tract 2: 41.70 surveyed acres All in Section 29-97-48, Fairview Township, Lincoln County, South Dakota Koerselman Family Trust for Descendants Location: 48380 290th St, Canton, SD-Approx 8 1/2 miles south of Canton, SD - From Canton, SD on Cedar Ave / 481st Ave go 3 miles south then east on 285th St for 1/2 mile then south on 482nd Ave for 5 miles then east on 290th St for 1 1/2 miles. Auction signs will be posted. Tract 1 General Description: Selling will be 63.44 surveyed acres of Fairview Township, Lincoln County, South Dakota farmland. The primary soil types on the tillable acres consist of the MpC2-Moody-Nora, ShF-Shindler, MoB-Moody, and CpD2-Crofton-Nora series. According to Agri-Data the farm has Productivity Index of 48.7 (this includes the terraces/grassland which are not currently farmed). The current farmed acres have a Productivity Index of 62.6. According to the FSA Office the farm has approx. 43.7 cropland/ tillable acres with the remainder as 16.80 acres of CRP, road and ditch this includes the terraces/grassland which are not currently being farmed. Brief Legal Description: Tract 1 in the S 1/2 of the SE 1/4 and SE 1/4 of the SW 1/4 in Section 29-97-48, Fairview Township, Lincoln County, South Dakota farmland. Containing 63.44 acres. This tract does contain an agricultural easement with the neighboring farm to the west along the fence line totaling .51 acres. CRP: There are currently 16.8 acres enrolled in the CRP Program (see contracts for payment amounts per acre). The contract is set to expire 9-30-2027. The 2025 crop year payment will remain with the sellers. Tract 2 General Description: Selling will be 41.70 surveyed acres of Fairview Township, Lincoln County, South Dakota farmland. The primary soil types on the tillable acres consist of the Ah-Alcester series. According to Agri-Data the farm has Productivity Index of 81. According to the FSA Office the farm has approx. 29.80 cropland/ tillable acres with the remainder as 10.8 acres of CRP, road and ditch. Brief Legal Description: Tract 2 in the S 1/2 of the SE 1/4 in Section 29-97-48, Fairview Township, Lincoln County, South Dakota farmland. Property contains 41.70 surveyed acres. CRP: There are currently 10.8 acres enrolled in the CRP Program receiving an annual payment of $337.01 per acre. The contract is set to expire 9-30-2027. The 2025 crop year payment will remain with the sellers. Farm Real Estate Taxes: Sellers will pay all real estate taxes which would become delinquent if not paid by October 1, 2026, as well as all prior taxes. The estimated net annual real estate taxes on the entire farm are $1,850 per year. Method of Sale: Tracts 1 and 2 will be sold as choice of tracts with the highest bidder having the option to take one tract or both tracts. Then the auction will be concluded or we will sell the remaining tract. Terms: 15% down upon conclusion of the auction. A late charge will apply for buyers delaying the closing. The abstracts will be continued to date. The buyers will have 10 days from receipt of abstract to have the abstract examined. The sellers guarantee a clear and marketable title on the property. Owners title insurance and closing fee will be split 50/50 between buyer and seller. Stewart Title Company will be acting as the Escrow and Closing Agent. Sellers do not guarantee or warrant that existing fence lines lie on the true boundary's. Any new fencing will be the responsibility of the purchaser if needed pursuant to South Dakota statutes. The owners reserve the right to reject any and all bids. Online bidders must agree to these terms and conditions as well as online conditions prior to registering and must be verified 24 hours prior to start of auction. Exact legal descriptions will be according to the survey. In the event any buyers require specialized closing work will result in additional closing fees. Possession/Closing: October 10, 2025 (Subject to a lease termination set to expire March 1, 2026) Company Note: You won't want to miss out on these great Lincoln County Farmland tracts. We are pleased to be working with the Koerselman family on behalf of John Koerselman. John was avid about preserving the environmental integrity of farming in the Midwest! These will be offered via live and online simultaneous bidding on Friday, August 29, 2025 from the farm site. Check out our website at www.vw72.com for additional information. We thank you for your interest. If you have any questions please give us a call. Levi, Todd, Rich, and Shannon Note: These farms are being sold "as is." While every effort has been made to ensure the accuracy of the info herein provided, no warranty is given and no responsibility is assumed by the auction company, the auctioneers, the seller or their agents concerning condition of the property, the corn bases, corn yields or other supplied info. Property is being sold subject to any easements, including road, drainage, utility or other easements of record. All prospective purchasers are encouraged to inspect and verify information provided herein. Vander Werff & Associates Inc., represent the sellers for this transaction. Not responsible for accidents. Any announcements made the day of the auction will supersede this advertisement. Vander Werff & Associates, Inc Sanborn, IA 51248 www.vw72.com Are you looking to sell give one our expert auctioneers a call today! PROVEN RESULTS! Todd Hattermann 712-348-0111 Shannon Rydberg 850-712-7041 Rich Vander Werff 712-261-0298 Levi Mouw 712-441-6898