South Dakota farm sells for $2.2 million

By Scout Nelson

An irrigated 150-acre farm near Brookings, South Dakota, recently sold at auction for an impressive $2.2 million, translating to $14,667 per acre. This prime agricultural property, located just 2.5 miles from the city, offers significant value due to its proximity to key agricultural and research facilities, making it a highly sought-after asset for farming and investment purposes.

The farm is strategically positioned next to a Syngenta Seed complex, enhancing its appeal as a site for agricultural research and development. Over the years, the land has hosted numerous seed research trials, testing projects, and demonstration plots. Its close proximity to ethanol plants and grain markets adds further utility for agricultural operations, ensuring ease of access to essential processing and distribution networks.

This high-value property includes irrigated farmland, a vital feature that supports consistent and productive farming activities. The farm's lease is set to expire on December 1, 2024, opening opportunities for new ownership and potential development. Its location near Brookings, a hub of agricultural and educational activity, makes the land a valuable resource for expanding agricultural ventures or supporting research-based initiatives.

The successful auction highlights the growing demand for high-quality, irrigated farmland in South Dakota. Properties with such strategic advantages and established agricultural use continue to attract significant interest and competitive bids, emphasizing the strength of the local agricultural real estate market.

For further inquiries or details about the sale, contact Chuck Sutton, Sutton Auctioneers and Land Brokers, at 605-336-6315 or via email at office@suttonauction.com.

This sale demonstrates South Dakota's position as a thriving region for agricultural investment, with its rich farmland offering opportunities for farming operations, research partnerships, and strategic market access.

Photo Credit: pexels-karolina-grabowska