Lafayette County Land Auction
Terms
Down Payment: Ten percent (10%) nonrefundable down payment the day of auction, upon signing a
purchase agreement immediately following the close of bidding. The down payment may be paid in
the form of personal check, business check, or cashiers check. The remainder of the purchase price
is payable at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. Be
sure you have arranged financing, if needed, and are capable of paying the balance at closing.
Farm sells with confirmation of bid price by the sellers.
There is no buyers premium - What you bid is what you pay.
Title: Sellers shall provide and execute a proper deed conveying the real estate to the buyer(s). Seller to
pay for title insurance. Buyer and seller will split the closing costs.
Possession: Possession will be given at closing on or before Friday, January 19, 2018. There are no
tenant rights or rental agreements in place on the farm ground for 2018.
Real Estate Taxes: The real estate taxes for the year 2016 are paid. The seller shall be responsible for
2017 taxes and the buyer(s) will be responsible for 2018 and all periods thereafter.
Mineral Rights: The sale shall include 100% of the mineral rights owned by the sellers.
Easements: Sale of the property is subject to any and all easements of record.
Acreage: All acreage is determined from survey.
Closing: Anticipated closing date shall be on or before Friday, January 19, 2018 or on a date mutually
agreed upon by the buyer(s) and the sellers conducted at the office of Truman Title Co. Inc., 545 South
13 HWY, Lexington, MO 64067
Agency: Wheeler Auctions & Real Estate and Summers Auctioneers and its representatives are
Exclusive Agents for the sellers.
Disclaimer: The property is being sold on an “as is, where is” basis, and no warranty or representation,
either express or implied, concerning the property is made by either the sellers or the auction company.
Each bidder is responsible for conducting its own independent inspections, investigations, and all due
diligence concerning the property and the auction. Information contained in this brochure is subject to
verification by all parties relying on it. Diagrams/dimensions in this brochure are approximate. Acreage
is estimated. All information contained in this brochure and any related materials are subject to the
terms and conditions of sale outlined in the purchase contract. Auction conduct and bidding increments
are at the sole direction and discretion of the auctioneer. All decisions of the auctioneer are final.
The sellers and the Auction Company reserve the right to preclude anyone from bidding if there is a
question as to the person’s credentials, fitness, intent, etc.
New Data, Corrections and Changes: Please arrive prior to scheduled auction time to inspect
any changes, corrections or additions to the property information. ALL ANNOUNCEMENTS AND
INFORMATION GIVEN FROM THE AUCTION PODIUM SHALL TAKE PRECEDENCE OVER
PREVIOUSLY PRINTED OR STATED ADVERTISEMENT.
Privately Listed Sale
Offering 105 Surveyed Acres T51N – R27W – Section 25
42 acres m/l as Tillable 63 acres m/l as Timber, Draws, and Recreational Land
Physical address for the purpose of GPS location: 14699 HWY 24, Lexington, MO 64067
Location: Farm is on the East edge of the Lexington City Limits. It is 1 mile east of the HWY 13 and HWY 24
overpass and is not in the city limits. It is fronted by HWY 24 on the South and Dwarf Lake Rd. on the East.
Mo-Dot has granted an entrance determination for access to the field on the west side of the property from
HWY 24. The new buyer will be responsible for this ingress/egress entrance and protocol for the Missouri
One-Call 800-344-7483 for buried lines and cables. An entrance permit will be required by the new owner.
East side access Field access is on the NE corner of the property along Dwarf Lake Road. This access
needs to widened to accommodate larger machinery.
Selling Method: Land will sell by the Dollar Value per Acre and multiplied by 105 Surveyed Acres to
determine the final selling price.
Contracts: We will write the land sale contract immediately following the conclusion of the auction.
Showing: This property can be seen along HWY 24 on the South and Dwarf Lakes Road on the East.
Feel free to view this 105 acre parcel at your leisure via walking or XUV vehicle only. Please be respectful of the private property, home and outbuildings that are NOT included in the offering. Please do NOT TRESPASS on the private property, NOR contact the OWNER. Seller is not responsible for accidents while viewing the property.
Hwy 24 Field Entrance
US24 is not limited access in this area, so all that is needed is a permit for the construction of the field entrance. I have located a spot that meets our sight distance requirements on top of the hill. The center of the entrance should be
where the fiber optic cable marker is placed. The new owner shall contact me or someone at MoDOT to obtain a permit to install this entrance. No pipe culvert will be necessary at this location. New owner will need to work with the utility companies to adjust any utilities necessary to build the entrance. Missouri Department of Transportation, Lees Summit Office, Permit Department, Vernon Koch 816-607-2190.
Tenant Agreement: There are no tenant agreements in place for 2018 crop year.
Special Note: An additional 41 acres m/l of contiguous farm ground will be available via a rental agreement for the tenant or landowner that farms the purchased Hicklin farm ground. This rental agreement for the additional 41 acres m/l of farm ground will be between the buyer or tenant and the owners of the ground.
The current tenant for 2017 would like to submit a proposal to continue farming the ground in the case
where a non-farming buyer is the purchaser.
Farm is enrolled in the USDA/FSA Price Loss Coverage for both Corn and Soybeans
Base Acres are currently divided equally @ 31.71 acres for both Corn and Soybeans totaling 63.42 acres.
Past Crop Yields:
2014 - Corn @ 228 bu/acre Soybeans @ 50 bu/acre
2015 - Corn @ 163 bu/acre Soybeans @ 56 bu/acre
2016 - Corn @ 203 bu/acre Soybeans @ 54 bu/acre
2017 - All acres in Soybeans @ 45 bu/acre
All yield history is from the entire tillable acreage farmed by current & past tenants.
Water: Rural Water District #2 would service the property but there is not a meter or rural water currently on
the property.
KCPL Utilities would service the property but are not currently on the property.
Lexington R-V School District
Zoned agriculture
Taxes: Seller is responsible for the 2017 Taxes and the new buyer will assume the 2018 taxes and beyond. Taxes for 2016 totaled $1715.10 and included acreage of 141, the Hicklin home, outbuildings, and Tabo Watershed. Taxes for the 105 acres will be considerably less for 2018 but yet to be determined by the Lafayette County Assessor.
The Land: The Hicklin farm ground, 42 acres m/l is productive and has been well cared for. The tiling and terracing in place has proven very beneficial. The tillable land is easy to farm and accommodates large machinery. Its location and access to convenient grain markets are assets regardless of the size of your operation. The crop yield history presented in this prospectus is comparable to or exceeds most grain production in Lafayette County. The soil type for the tillable land is rich and deep. It is located along the Missouri River Corridor that receives valuable rainfall during the growing season when other areas do not. Whether you are looking to buy a small land parcel with farming as a means to service the debt on your recreational land or if you wish to add more land to your portfolio, the crop land in this farm will prove rewarding.
63 acres m/l of unique recreational land makes up the balance of the Hicklin farm that will sell at auction.
These 63 acres m/l mirrors the landscape in the movie “Ride with the Devil”. Hunters over the years have
enjoyed the harvest of trophy deer, turkey, quail, and mushrooms. For the horse lovers, trail riding could
be scenic, exciting, challenging and rewarding. The deep draws, terrain, and drainage lends itself to future
lake possibilities for fishing and waterfowl.
The Cemetery & Mausoleum: Not included in the land sale but on the North end of the tillable acres is the
family cemetery. .28 acre around the cemetery has been surveyed and will remain with the property of
the homestead. A 12 ft. wide ingress/egress easement from the homestead property to the cemetery is in
place. It is marked on the survey presented in this prospectus.
6 www.wheelerauctions.com
Timber: The timber is completely in tact. Two recent bids to harvest the timber were submitted to the
Trustee. It was determined the standing mature timber consisting of Red Oak, White Oak, Hickory,
Cottonwood, Basswood, and Walnut was abundant and if available for harvest, would secure from $25,000
to as much as $50,000 in revenue depending on how much of the timber was selected. A determination
to leave the timber as it stands and allow the new purchaser the option to either reap financial
rewards with a harvest or keep the pristine hunting ground and landscape in place for recreational
and wildlife benefits.
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