MGW Real Estate Information

The Highway 20 Farm
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Price : $7,900 per acre Sold
County: Boone

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Contact Details -
Jeff Waddell/Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501

Property Details
Location: The subject farm is located approximately 45 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Belvidere (2 3/4 miles west), Marengo (6 miles east), and Genoa (10 miles south).
Frontage: There is approximately 1/8 mile of road frontage on U.S. Route 20.
Major Highways: U.S. Route 20 is the north border of the property, Interstate 90 is 2 miles south, U.S. Business Route 20 is 3 3/4 miles west, and Illinois Route 23 is 7 miles east of the property.
Legal Description: A brief legal description indicates The Highway 20 Farm is located in Part of the Northeast Quarter of Section 34, Township 44 North - Range 4 East (Bonus Township), Boone County, Illinois.
Total Acres: There are a total of 42.29 acres, more or less, according to the Boone County Assessor's Office.
Tillable Acres: There are 42.34 tillable acres according to the Boone County FSA.
Soil Types: Major soil types found on this farm include Parr silt loam and Kidami silt loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: Boone County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat and soybeans.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms: The asking price is $7,900 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2014 taxes totaled $640.98. The tax parcel number is #06-34-200-014.
Grain Markets: There are a number of grain markets located within 10 miles of The Highway 20 Farm.
Zoning: The Highway 20 Farm is zoned A-1, Agriculture District.
Comments: Top quality farm in an excellent location, just 2 3/4 miles east of Belvidere.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
221B Parr silt loam 18.63 157 2925
527B Kidami silt loam 11.2 155 1736
490A Odell silt loam 8.51 176 1498
440B Jasper silt loam 3.75 173 649
290B Warsaw loam 0.25 159 40
    Total: 42.34    

TOTAL ACRES - 42.3 acres, more or less
TILLABLE ACRES - 42.3 acres, or 100.1% per FSA figures
CORN YIELD - 161.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 161.9 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.