The Coine Farm

Price: $5,850 per acre
County: Ogle

Contact Details
Mark T. Mommsen & Josh Waddell
Mobile: 815-901-4269/815-751-0439
Phone: 815-756-3606
Email: Mark.Mommsen@mgw.us.com & Josh.Waddell@mgw.us.com

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Property Details

location
The subject property is located approximately 78 miles west of Chicago O'Hare International Airport. Nearby cities include: Mt. Morris (3 7/8 miles north), Oregon (4 3/4 miles northeast), Polo (6 miles west), and Dixon (6 1/8 miles southwest).
frontage
There is approximately 11/16 mile of road frontage on S Columbian Road.
major highways
Illinois Route 2 is 2 5/8 miles southeast, Illinois Route 64 is 4 1/2 miles north, and U.S. Route 52 is 6 5/8 miles west of the property.
legal description
A brief legal description indicates The Coine Farm is located in Part of the Northwest Quarter and Southeast Quarter of Section 15 and Part of the Northeast Quarter of Section 22, all in Township 23 North – Range 9 East (Pine Creek Township), Ogle County, Illinois.
total acres
There are a total of 216.62 acres, more or less. Seller will consider offers on each side of the road separately.
tillable acres
The Coine Farm has a total of approximately 115.40 total tillable acres, according to the Ogle County FSA.

The 37.65 acres west of S Columbian Road has approximately 13.71 tillable acres, estimated, of which 2.4 acres are currently enrolled in CRP, receiving an annual payment of $815 through September 30, 2029.

The 178.97 acres east of S Columbian Road has approximately 101.69 tillable acres according to the Ogle County FSA, of which 62.99 are currently enrolled into three CRP contracts with current annual payments totaling $8,747 (expiring 2019, 2023, 2028).  There are an additional 3.23 acres enrolled in CRP that are planted to pine trees, receiving an annual payment of $389 through September 30, 2019.  
soil types
The primary soil type on this farm is Lawson silt loam.
FSA Data
Detailed FSA information can be found in the brochure.
topography
The topography of the subject property is level to very rolling.
location climate growing season
Ogle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34" with over 2/3 of this coming during the growing season. Snowfall averages about 33" per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn 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 terms
The asking price is $5,850 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 2016 real estate taxes on the 37.65 acre tract west of S Columbian Road is to be determined pending a parcel split of PIN#15-15-100-007. The 2016 real estate taxes on the 178.97 acre tract east of S Columbian Road totaled $1,397.86 (PINs: #15-15-400-003, #15-15-400-004, and #15-22-200-002).
grain markets
There are a number of grain markets located within 10 miles of The Coine Farm.
zoning
The Coine Farm is zoned AG-1, Agricultural.
comments
All property inspections must be scheduled in advance with Martin, Goodrich & Waddell, Inc.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Corn Yield Rating* Gross Bushels
3451ALawson silt loam45.221401908,592
618D2Senachwine silt loam13.84951301,799
3776AComfrey loam8.821381851,632
233C2Birkbeck silt loam8.501131551,318
280BFayette silt loam8.321211651,373
761DEleva fine sandy loam7.0878103729
280C2Fayette silt loam4.98113155772
509C2Whalan loam4.5184114514
24C2Dodge silt loam3.57113155553
509E2Whalan loam3.366892309
61AAtterberry silt loam2.25132182410
243C2St. Charles silt loam2.19113156342
243BSt. Charles silt loam1.09121166181
403FElizabeth loam0.84415445
618C2Senachwine silt loam0.4210013657
761FEleva fine sandy loam0.41668736
Total Acres : 216.62 acres, more or less
Tillable Acres : 115.40 acres, or 53.27% per FSA figures
Productivity Index : 119.03
Corn Yield Rating : 161.71 bushels per acre, based on tillable acres
Comparable Yield Index : 86.15 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.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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