The Severson Farm

Price: $5,950 per acre
County: Winnebago

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 69 miles northwest of Chicago O’Hare International Airport. Nearby cities include: Rockford (3 miles south), Machesney Park (5 miles east), and Loves Park (5 1/2 miles southeast).
frontage
There is approximately 1/4 mile of road frontage on Latham Road and 7/16 mile on Tate Road.
major highways
Illinois Route 70 is 2 3/4 miles south, Illinois Route 75 is 3 1/4 miles north, Illinois Route 2 is 4 miles east and Interstate 39/90 is 9 miles east of the property.
legal description
A brief legal description indicates The Severson Farm is located in Part of the Southeast Quarter of Section 18, Township 45 North – Range 1 East (Owen Township), Winnebago County, Illinois.
total acres
There are a total of 75.87 acres, more or less, according to the Winnebago County Assessor’s Office.
tillable acres
There are approximately 64.69 tillable acres according to the Winnebago County FSA.
soil types
Major soil types found on this farm include Winnebago silt loam and Griswold loam.
topography
The topography of the subject farm is level to gently rolling.
location climate growing season
Winnebago County has a continental climate typical of northern 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 two-thirds of this coming during the growing season. Snowfall averages about 36" 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 productions 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 terms
The asking price is $5,950 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 2019 real estate taxes totaled $1,203.02. The tax parcel number is #07-18-400-002.
grain markets
There are a number of grain markets located within 15 miles of The Severson Farm.
zoning
The Severson Farm is zoned AG - Agricultural Priority.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
728BWinnebago silt loam24.011211623,890
363D2Griswold loam23.381091453,390
566C2Rockton and Dodgeville soils11.55961261,455
506BHitt silt loam3.57117156557
528ALahoguess loam1.77126170301
440BJasper silt loam0.4112917371
Total Acres : 75.87 acres, more or less
Tillable Acres : 64.69 acres, or 85.26% per FSA figures
Productivity Index : 112.17
Weighted Average Corn Yield Index : 149.39 bushels per acre, based on tillable acres
Comparable Yield Index : 127.37 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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