The Malcolm Whipple Farm

Price: Auction
County: LaSalle

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606

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ONLINE AUCTION - The auction platform is open for bidding. Bidding Ends December 8, 2021, beginning at 1 p.m. Central Time.
Auction Date
Dec 08, 2021 - 1:00 PM
Inspection Date
Nov 30, 2021
Inspection Location
Inspection November 30, 2021 from noon to 2:00 p.m. at the farmstead, 723 N 3150th Road, Utica, IL 61373.
Directions to Auction
ONLINE AUCTION: The auction platform is open for bidding. Please visit to bid. The auction closes December 8, 2021, beginning at 1 p.m. Central Time.
Directions to Farm
From Interstate 80 east of LaSalle, go north at exit 81 (Illinois Route 178). Travel 1.4 miles on E 8th Road. Then turn west on N 3150th Road for 0.5 miles to arrive at the farm. The farmstead address is 723 N 3150th Road, Utica, IL 61373.

Auction Terms & Conditions

Martin, Goodrich & Waddell, Inc. (MGW) and its representatives are agents of the owner.
earnest money escrow
The successful bidder, as determined by the auctioneer, is required to make a 10% down payment of the accepted bid price within 24 hours, with the balance due at closing. Bidding is not conditional upon financing. Payment shall be in the form of a cashier’s check or wire transfer.
Closing shall be on or before December 30, 2021. The purchase agreement is between the seller and buyer only, and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
real estate taxes
The 2021 real estate taxes due and payable in 2022 shall be paid by the seller. The 2022 real estate taxes and all subsequent year taxes shall be the responsibility of the buyer.
Crops And Expenses
The seller will retain the 2021 lease-year income for the cropland, building site, and pasture. The lease for the cropland, machine shed, and bin site expires February 28, 2022. The lease for the pasture and southernmost barn expires March 31, 2022. The house and detached garage are available for immediate possession.
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.
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 gross surveyed acres.
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, acreages, 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.
Some photos in this brochure may be stock photography and are for illustrative purposes only. The property is subject to a mining agreement and settlement agreement as noted at exception 16 in the title commitment. Details are available upon request, and will be provided to all registered bidders.
Description of Property
The Northwest Quarter of Section 29, Township 34 North – Range 2 East (Waltham Township), LaSalle County, Illinois.
The property will be offered in one tract in an online auction. Bidding will be on a per acre basis, multiplied by gross surveyed acres. The seller reserves the right to accept or reject any or all bids. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. Upon the close of the auction, the purchase agreement will be forwarded to the successful bidders via email or fax. A signed copy of the purchase agreement must be received by Martin, Goodrich & Waddell, Inc. within 24 hours of the auction closing. A 10% earnest money payment is required to accompany the purchase agreement and may be submitted by cashier’s check or wire transfer. Bidding ends at 1:00 p.m. Central Time on Wednesday, December 8, 2021. A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 additional minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the auction closing. Bidding is not conditional upon financing.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.

Property Details

The subject farm is located approximately 70 miles southwest of Chicago O’Hare International Airport. Nearby cities include: North Utica (1/4 mile south), LaSalle (3/8 mile south), and Ottawa (9 miles east).
There is 1/2 mile of road frontage on E 7th Road and 1/2 mile on N 3150th Road.
major highways
Interstate 39 is 1 1/2 miles west, Interstate 80 and Illinois Route 178 are 1 1/2 miles south, U.S. Route 6 is 2 miles south, and U.S. Route 52 is 5 miles north of the property.
legal description
A brief legal description indicates The Malcolm Whipple Farm is located in The Northwest Quarter of Section 29, Township 34 North – Range 2 East (Waltham Township), LaSalle County, Illinois.
total acres
There are a total of 162.81 acres according to a survey dated November 10, 2021.
tillable acres
There are approximately 117 tillable acres, estimated.
soil types
Major soil types found on this farm include Plano silt loam, Birkbeck silt loam, and Graymont silt loam.
The topography of the subject farm is level to gently rolling.
location climate growing season
LaSalle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2,750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches per year. Prevailing winds are from the west-northwest. 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.
Closing shall be on or before December 30, 2021. The purchase agreement is between the seller and buyer only, and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
The 2020 real estate taxes totaled $9,212.86. The tax parcel number is #12-29-100-001.
grain markets
There are a number of grain markets located within 10 miles of The Malcolm Whipple Farm.
The Malcolm Whipple Farm is zoned A-1, Agriculture.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
199BPlano silt loam21.501411924,128
233C2Birkbeck silt loam17.111131552,652
541C2Graymont silt loam14.271251702,426
171BCatlin silt loam12.131371852,244
105BBatavia silt loam8.381281751,467
554BKernan silt loam8.071121511,219
344C2Harvard silt loam6.791161591,080
148C2Proctor silt loam4.59126172789
356AElpaso silty clay loam4.15144195809
148BProctor silt loam3.60134183659
327D2Fox loam3.60101139500
152ADrummer silty clay loam3.29144195642
233BBirkbeck silt loam2.63121165434
223C3Varna silty clay loam2.20102139306
234ASunbury silt loam1.46131179261
3073ARoss loam1.06134181192
969FCasco-Rodman complex0.99719493
969E2Casco-Rodman complex0.76729572
199C2Plano silt loam0.2313218041
388BWenona silt loam0.1912817132
Total Acres : 162.81 acres, more or less
Tillable Acres : 117.00 acres, or 71.86% per FSA figures
Productivity Index : 125.86
Weighted Average Corn Yield Index : 171.34 bushels per acre, based on tillable acres
Comparable Yield Index : 123.13 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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