608.9 Acres ± Livingston County, MO Land Auction

608.9 ACRES ± LIVINGSTON COUNTY, MO LAND AUCTION

Sale Date: Thursday, February 1, 2024

Sale Time: 1:00 PM CST

Auction Venue: Sale to be held at the Litton Ag Center - 10780 LIV 235, Chillicothe, MO 64601

LOCATION

Land is generally located near Chillicothe, MO. Tract 1 is located approximately 3.5 miles east of Chillicothe. Tracts 2 & 3 are located approximately 5 miles northeast of Chillicothe. The farms are further described as being located in Section 34, T58N•R23W and Sections 5 & 8, T58N•R23W, Rich Hill Township, Livingston County, MO.

AUCTION MANAGERS

Josh Teter (660) 734-2111

Tyler Keenan (641) 990-8046

SELLER

Terry & Mary Smith Family Trust

GENERAL INFORMATION

Selling 608.9 Acres ± • 3 Tracts

SOLD!

TRACT 1 - $9,700 PER ACRE

TRACT 2 - $9,900 PER ACRE

TRACT 3 - $8,800 PER ACRE

TOTAL - $5,621,110.00

Farmers and Investors - Mark your calendars now as we are pleased to offer the sale of 608.9 acres ± of prime, highly productive Livingston County, MO farmland. The farms will be offered in three individual tracts through the “Buyer’s Choice” auction method at 1:00 PM on Thursday, February 1, 2024 at the Litton Ag Center in Chillicothe, MO. These tracts would be great additions for an existing farming operation or a rare opportunity for a land investor to put a large portfolio together within the area. The Terry & Mary Smith farms have been owned by the family for many years and they're conveniently located within easy access to several grain markets. The farms will sell free and clear for the 2024 farming season. Make plans now to attend this exceptional North Central Missouri land auction!

Rarely does tillable tracts of land become available in this area!

The farms will sell free and clear for the 2024 farming season!

Property Features:

Tract 1 - 220 taxable acres ±

FSA information indicates 200.92 tillable acres
Predominant soil type: Lagonda, Grundy
Entire tract is improved with well maintained field drainage tile terraces
This tract offers several attractive home building or grain bin sites.
Balance of the acres is grass waterways
Access from the north by county road LIV 234 or the east by county road LIV 259

Tract 2 - 58.9 surveyed acres

FSA information indicates 53.62 tillable acres
Predominant soil type: Lagonda, Sturges
Access from the south by county road LIV 222 or the east by county road LIV 251

Tract 3 - 330 surveyed acres

FSA information indicates 307 tillable acres
Predominant soil type: Lagonda, Sturges, Vesser
Entire tract is improved with well maintained field drainage tile terraces
Improvements include a 40’x60’ steel Quonset storage building
This tract offers several attractive home building or grain bin sites.
Balance of the acreage is a small timbered draw and grass waterways
Access from the south by county road LIV 222

Note: Click on image to enlarge.

METHOD & TERMS

Sale Method: The Smith farms will be sold on a price per acre basis – Tract 1 will be sold based on taxable acres and Tracts 2 & 3 will be sold on surveyed acres. All 3 tracts will be offered through the "Buyers Choice" auction method, whereas the high bidder can purchase, in any order, any or all of the Tracts 1-3 for their high bid. Auctioning will continue in that manner until all 3 tracts have been sold. Tracts will not be offered in its entirety or any combination at the conclusion of the auction. Property will be sold in as-is condition and is not contingent upon buyer's financing, condition of property, appraisal, inspection, or any other contingencies.

Purchase Agreement: At the conclusion of the auction, the successful bidder(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, payable to Harvest & Home Title Co., which shall hold the money in escrow until closing.

Closing: The balance of the bid price will be due at the time of closing in approximately 30 days, on or before Friday, March 1, 2024, which will take place at Harvest & Home Title. Title insurance in the full amount of the purchase price will be provided by the seller. The buyer will be responsible for paying 2024 taxes and beyond. Possession will be transferred to buyer at the time of closing. The farm sells free and clear of tenancy for 2024.

Announcements: This sale is subject to all easements, covenants, leases, and restrictions of record. Any announcements made auction day by Teter Auction Company will take precedence over any previously printed materials or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All lines drawn on maps, photographs, etc. are approximate. There are no expressed or implied warranties pertaining to the property.