517.2 +/- Acres – 7 Tracts – Mercer County, MO

Auction to be held at:

The Mercer County Fair Building 505 South Steward St. Princeton MO 64673

Auction Date: Tuesday, December 10th - 10:00 AM

Homeland Realty in cooperation with Jumps & Roy Auction are pleased to offer for sale at auction this 517.2 acre highly productive farm in 7 tracts for G.D. and R.J., Inc. This farm features the combination of highly tillable bottom ground and quality pasture and hay ground. The farm features 2 tracts of highly tillable productive soils with excellent access, making it an ideal acquisition for a farmer or agricultural investor to expand their operation. One tract features a ranch style home along with a 5-acre lake. The other 4 tracts offer a variety of pasture and hay, tillable, and timber. For farm information or bidding by phone please call Lynn McCarter or Dennis Gutshall.

Homeland Realty: Lynn McCarter, Broker-660.635.0181 tradesdirt@gmail.com or Dennis Gutshall, Agent: 660.635.0053 dennisgutshall@gmail.com

General Information: Live Auction Location: Mercer Co. Fair Building 505 South Steward, Princeton MO, 64673

-This is a Live On-Site Auction with no on-line bidding.  Bids will be accepted by phone by contacting Lynn McCarter or Dennis Gutshall.

-If winning bid is by phone, buyer will be immediately contacted to make arrangements for 10% escrow payment and signing of purchase agreement.

-Farms are located 2 miles north of Spickard MO on the west side of Highway 65.

- Lat/Lon: 40.27901, -93.5907

-517.2+- contiguous acres divided into 7 tracts.

-A new survey has been completed for all 7 tracts and will be available sale day.

-Each tract will sell free and clear for the 2025 farming season.

-This is an Absolute Auction. Tracts will sell to the highest bidder.

Terms & Conditions

Sale Method: A survey has been completed on all 7 tracts. The farm will be sold on a price per acre basis, based on the acreage obtained from the completed survey, utilizing the buyer's choice method with the option for specific tracts. Sale order will be announced on auction day. Tracts will not be offered in their entirety or any combination at the conclusion of the auction. Property will be sold in as-is condition and not contingent upon buyer’s financing, appraisal, inspection, or any other contingencies. If winning bid is by phone, buyer will be immediately contacted to make arrangements for 10% escrow payment and signing of purchase agreement.

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 a 10% non-refundable deposit to the designated Title Company or escrow agent, which shall be held in escrow until closing.

Closing:  The balance of the bid price is due at closing in approximately 30 days, on or before January 10, 2025. Title Insurance for the total purchase price will be provided by the seller. Seller will be responsible for paying 2024 taxes and the buyer responsible for paying 2025 taxes. The cost to conduct closing will be shared by buyer and seller 50/50. Possession will be made to the buyer at time of closing.

Announcements: This sale is subject to all easements, covenants, leases, and restrictions of record. All announcements made on sale day take precedence over prior advertising either written or oral. All advertising information was derived from sources believed to be correct. All information including map lines, photographs, etc. provided herein are not guaranteed or warranted and bidder shall verify all information to their satisfaction and judgment.

TRACT 1 – 30.3 Surveyed Acres

• Predominant soil types: Armstrong and Gara Loam
• Tract has one small pond and has been used for hay production
• Access is along Jasmine Road

TRACT 2 – 74.0 Surveyed Acres

• Predominant soil types: Gara and Armstrong Loam
• Ranch style home built in 1974. Main level is 1290 sq. ft. living space. Full basement is ½ finished. 1 car garage and carport
• 5 acre stocked lake
• Access is from Jasmine Rd.

TRACT 3 - 19.8 Surveyed Acres

• Predominate soil type: Gara Loam
• Tract has one small pond and has been used for hay production.
• Access is on the south from Jasmine Rd.

TRACT 4 - 245.5 Surveyed Acres

• FSA information indicates 221.44 tillable acres
• Predominant soil types: Zook and Vigar Loam
• Morton Building   54’ x 84’ Machine storage
• Quonset Building 51’ x 90’ Machine storage
• Access is from Jasmine Rd & Highway 65

TRACT 5 - 6.9 Surveyed Acres

• FSA information indicates 6.06 tillable acres.
• Predominate soil types: Gara, Loam, and Nodaway-Humeston-Vigar
• Property has Highway 65 access

TRACT 6 - 5.1 Surveyed Acres

• Mostly wooded lot that is accessible along north side of Jasmine Rd.

TRACT 7 - 135.6 Surveyed Acres

• FSA information indicates 113.9 tillable acres.
• Predominant soil type: Zook and Nodaway silt loam
• Access from Jasmine Rd. via railroad crossing