Linn County, Missouri Land Auction - Victor E. Speichinger

Tract 1 - $8,600 Per Acre

Tract 2 - $8,600 Per Acre

Tract 3 - $6,900 Per Acre

Tract 4 - $6,800 Per Acre

Total - $2,606,310

LINN COUNTY, MO LAND AUCTION

Saturday, April 9, 2022 • 1:00 PM

Auction Venue: Sale to be held onsite - 23598 Hwy FF, Brookfield, MO 64628

Selling 337.7 Surveyed Acres • 4 Tracts

LOCATION

The Victor E. Speichinger land is located approximately 7-miles northwest of Brookfield, MO in Sections 15,16 T58N•R20W of Locust Creek Township, Linn County, MO. From Brookfield, MO take US Highway 36 west for 2 miles to Hwy FF, then head north on Hwy FF for 5 miles to sale location. Auction signs posted sale day.

Farm will sell free and clear for the 2022 farming season!

Tracts represent highly productive tillable cropland, improved pastureland, impressive building sites, and offers excellent access to each Tract.

Rarely does tillable tracts of land become available in this area!

AERIAL MAP

PLAT MAP

GENERAL INFORMATION

Teter Auction Company is pleased to be representing the Victor E. Speichinger Trust in the sale of 337.7 surveyed acres of high quality, highly productive farmland located in Linn County, Missouri just northwest of Brookfield, Missouri. The farms will be offered in four individual tracts through the "Buyer's Choice" auction method at 1:00 PM on Saturday, April 9, 2022. These tracts would be great add-ons for an existing farming operation or a rare opportunity for a land investor to put a large portfolio together within the area. The Victor Speichinger farm has been owned by the family for years and is conveniently located off a hard surface road with easy access to several grain markets and highway locations. Make plans now to attend this exceptional land auction!

TRACT INFORMATION

Tract 1 - 81 Surveyed Acres

Tract 1 features highly productive tillable farmland which is currently sown to grass for hay production. FSA figures should indicate approximately 74.76 tillable acres consisting of Kilwinning, Leonard and Lagonda silt loams with 1 to 6 percent slopes. Land is also improved with a nice 70’x80’ post frame open-side storage building with electricity established, a 30’x30’ storage barn and a nice large pond. There is also an older 2-story country home situated on the farm.

Property Features:

• FSA information should indicate approximately 74.76 acres of tillable cropland.

• Land is improved with a nice 70’x80’ post frame open-side storage building with electricity established

• Predominant soil type: Kilwinning, Leonard, Lagonda

• Access from the west by blacktop Hwy FF.

Note: Click on image to enlarge.

Tract 2 - 82.1 Surveyed Acres

Tract 2 features highly productive tillable farmland. FSA figures should indicate approximately 66.64 tillable acres mainly consisting of Lagonda and Leonard silt loams with 1 to 6 percent slopes. Extensive fall tillage work and fertility inputs have been applied and will be included within the sale price of the tract. This farm has been exceptionally well maintained over the years and has undergone terrace and waterway work. There is a small pond situated on the tract as well.

Property Features:

• FSA information should indicate approximately 66.64 tillable acres currently in row crop production.

• This tract is improved with a large portion of field drainage tile terraces throughout the tract

• Extensive fall tillage work and fertility inputs have been applied.

• Utilities close by

• Numerous building sites.

• Predominant soil type: Lagonda, Leonard

• Access from the west by black top Hwy FF and from the south by Gas road.

Tract 3 - 163.7 Surveyed Acres

Tract 3 features productive tillable farmland which is currently sown to grass for hay production with the remainder of this tract being improved pastureland, lightly wooded areas, and 5 ponds with 1 having a waterer. FSA figures should indicate approximately 136.34 tillable acres mainly consisting of Armstrong, Lagonda, Kilwinning soils with 2 to 5 and 5 to 9 percent slopes. This nice acreage also offers a 60’x70’ post frame open-side storage building, and several other usable outbuildings, grain storage of approximately 23,000 bushel and a nice livestock holding & sorting pen. There are also 2 automatic livestock waterers located on the property.

Property Features:

• FSA information should indicate approximately 136.34 tillable acres.

• Land is improved with a nice 60’x70’ post frame open-side storage building, and several other usable outbuildings.

• Grain storage of approximately 23,000 bushel.

• Livestock holding & sorting pens with waterers.

• The property is served by rural water and electricity established.

• Predominant soil type: Lagonda, Kilwinning

• Access from the east by blacktop Hwy FF and from the south by Gas Road.

Tract 4 - 10.9 Surveyed Acres

Tract 4 features highly productive tillable farmland which is currently sown to grass for hay production. FSA figures should indicate approximately 10.76 tillable acres consisting of Gifford and Vesser silt loams with 0 to 2 and 2 to 5 percent slopes.

Property Features:

• FSA information should indicate approximately 10.76 tillable acres.

• Predominant soil type: Gifford, Vesser

• Access from the south by Gas Road.

METHOD & TERMS

Sale Method: A survey has been completed prior to the sale. Tracts 1-4 will be sold on a price per acre basis, based on the acreages obtained from the completed survey. Said surveyed acres will be used to constitute the final settlement price. Tracts 1-4 will be offered through the "Buyers Choice" auction method, whereas the high bidder can purchase, in any order, any or all of the Tracts 1-4 for their high bid. Auctioning will continue in that manner until all 4 tracts have been sold. Tracts will not be offered in its entirety or any combination at the conclusion of the auction.

Purchase Agreement: At the conclusion of the auction, the successful bidder(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, payable to Professional Land Title Co., which shall hold the money in escrow until closing.

The balance of the bid price will be due at the time of closing in approximately 30 days, on or before Monday, May 9, 2022, which will take place at Professional Land Title. Title insurance in the full amount of the purchase price will be provided by the seller. The 2022 real estate taxes will be prorated to the date of closing. Title company closing costs will be divided equally between buyer(s) & seller. Possession will be transferred to buyer(s) at the time of closing. All tracts sells free of tenancy for 2022.

Announcements: This sale is subject to all easements, covenants, leases, and restrictions of record. The property will be sold in “as-is” condition and is not contingent upon buyer's financing, condition of property, appraisal, inspection, or any other contingencies. All information and dimensions were derived from sources believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer(s) should verify the information to their satisfaction. Any announcements made auction day by Teter Auction Company will take precedence over any previously printed materials or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. There are no expressed or implied warranties pertaining to the property.