The King Farm

Price: $8,475 per acre
County: Ogle

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606
Email: Josh.Waddell@mgw.us.com

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Property Details

location
The subject farm is located approximately 71 miles west of Chicago O’Hare International Airport and is partially located within the city of Byron. Nearby cities include: Stillman Valley (5 miles southeast), Oregon (7 5/8 miles southwest), and Rockford (8 1/2 miles northeast).
frontage
There is approximately 1/4 mile of road frontage on Mill Road.
major highways
Illinois Route 72 is 1/4 mile south, Illinois Route 2 is 1/2 mile south, and U.S. Route 20 is 9 3/4 miles north of the property.
legal description
A brief legal description indicates The King Farm is located in Part of Section 25, Township 25 North – Range 10 East (Byron Township), Ogle County, Illinois.
total acres
There are a total of 122.97 acres, more or less, according to the Ogle County Assessor’s Office.
tillable acres
There are approximately 78.9 tillable acres according to the Ogle County FSA of which 75 acres are currently leased for the 2021 crop year. There are an additional 8.1 acres currently enrolled in CRP with an annual contract payment of $1,434 through 9/30/2022.
soil types
Major soil types found on this farm include Martinsville silt loam and Drummer silty clay loam
topography
The topography of the subject farm is level.
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 $8,475 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 2020 real estate taxes totaled $2,845.52. The tax parcel numbers are #04-25-100-013, #04-25-100-014, #04-25-100-015, #04-25-100-016, #04-25-300-025 & #04-25-300-026.
grain markets
There are a number of grain markets located within 10 miles of The King Farm.
zoning
The King Farm is zoned AG-1, Agricultural (Ogle County) and R1 - Single Family Residential (City of Byron).

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
570AMartinsville silt loam41.361141556,411
152ADrummer silty clay loam17.321441953,377
243ASt. Charles silt loam7.831221681,315
3451cALawson silt loam6.871401901,305
3776AComfrey loam5.521381851,021
Total Acres : 122.97 acres, more or less
Tillable Acres : 78.90 acres, or 64.16% per FSA figures
Productivity Index : 125.32
Weighted Average Corn Yield Index : 170.22 bushels per acre, based on tillable acres
Comparable Yield Index : 109.21 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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