MGW Real Estate Auction Information


The Helen Buss Estate Farm

SOLD

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com



Date of Auction: 11/22/2011
Time of Auction: 1:00 PM
Auction Location: Big Flats Town Hall, 1104 County Road C, Arkdale, WI 54613
Inspection Date: 11/22/2011
Inspection Location: Please call to schedule an inspection
Directions to Auction: The auction site is located across the street and slightly west of the farm, 1/2 mile east of the WI-13 and County Road C intersection.  The Town Hall is on the north side of the road, attached to the fire station.
Directions to Farm: From the WI-21 and WI-13 intersection, head north on WI-13 for 6.1 miles.  Turn east on County Road C for 1/2 mile.  The farm is on the south side of the road.

Auction Terms & Conditions

Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.  Buyer agents seeking cooperation shall register their buyers in writing with Martin, Goodrich & Waddell, Inc. 10 days prior to the auction.
Earnest Money: The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing.  Bidding is not conditional upon financing.  Payment shall be in the form of a personal check or cashier’s check.
Closing: Closing shall be on or before December 22, 2011.  Possession is subject to the rights of any tenants in possession.
Real Estate Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be paid by the seller.  The 2010 real estate taxes were $1,113.90.  The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The 2011 crop year cash rent shall be retained by the seller.  The buyer is required to assume the benefits and obligations of an existing cash lease on the property.  The lease expires after the 2013 crop year.  Please contact Martin, Goodrich & Waddell, Inc. for lease details.
Government Agricultural Program Payments: Buyer accepts title subject to the farm’s existing participation in the following government agricultural programs: NONE.
Conveyance: At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance.  At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
Title Evidence: At closing, seller shall furnish a commitment and Owner’s Title Guaranty Policy for the amount of the purchase price at the seller’s expense.
Survey: Seller shall secure a boundary survey by a licensed land surveyor at the seller’s expense, dated no more than 6 (six) months prior to closing.  Final purchase price will be based upon surveyed acres.
Disclaimer & Absence of Warranties: Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral.  Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer.  All maps, data, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent.  The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property.  The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent.  The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
Disclosure: Some photos in this brochure may be stock photography and are for illustrative purposes only.
Owner: R & MB Farms, LLC
Property Details
Location: The subject farm is located 90 miles north of Madison, WI.  Nearby towns include:  Adams (10 miles south), Coloma (20 miles southeast), and Wisconsin Rapids (16 miles north).
Frontage: There is 1 mile of road frontage on County Road C, 1/2 mile on 11th Avenue, and 1/2 mile on 10th Avenue.
Major Highways: Interstate 39 is 17 miles east and Interstate 90/94 is approximately 32 miles southwest.
Legal Description: Located in the North Half of Section 21 in Township 19 North - Range 6 East (Big Flats Township) in Adams County, Wisconsin, consisting of 320 acres more or less. 
Total Acres: There are a total of 320.0 acres, more or less, according to the Adams County FSA Office.
Tillable Acres: There are 303.3 tillable acres according to the Adams County FSA Office.
Soil Types: Major soil types found on this farm include Plainfield sand, Brems loamy sand, and Richford loamy sand.
FSA Data: The FSA direct corn yield is 91 bushels per acre and the FSA corn base is 31.6 acres.  The FSA direct bean yield is 41 bushels per acre, the FSA bean base is 34.7 acres.  There are no wetlands and no highly erodible lands.     
Topography: The topography of the subject farm is level.
Climate / Growing Season: The average length of the growing season for Adams County, Wisconsin is 120 days.  Annual precipitation averages about 32 inches with over two-thirds of this coming during the growing season.  Snowfall averages about 33 inches per year.  This climate, combined with the well drained sandy soils prevalent in this region is particularly suited for the production of vegetables.
Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property, of which there are none.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Financing: Mortgage financing is available from several sources including 1st Farm Credit and local banks.  Additional names and addresses will be provided upon request.
Taxes: The 2010 Real Estate Taxes totaled $1,113.90. The tax parcel numbers are 004-00733-0000, 004-00734-0000, 004-00735-0000, 004-00736-0000, 004-00737-0000, 004-00738-0000, 004-00739-0000 and 004-00740-0000.
Grain Markets: There are a number of grain and vegetable markets located near the Helen Buss Estate Farm.
Zoning: The farm is zoned Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
PfB Plainfield sand 284.7 53 15089
BrA Brems loamy sand 15.4 60 924
RfA Richford loamy sand 6.7 60 402
    Total: 306.8    


TOTAL ACRES - 320.0 acres, more or less
TILLABLE ACRES - 306.8 acres, or 95.9% per FSA figures
CORN YIELD - 53.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 51.3 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.