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SOLD

SPECTACULAR CROPLAND EASTERN INDIANA AUCTION 1,112 +/- ACRES OFFERED IN 13 TRACTS IN WAYNE AND UNION COUNTIES, INDIANA
Tue, Aug 16, 11:00 AM
Richmond and Liberty, Indiana

Owner: Roland Lawton, Peter D. Shaw, Attorney POA



SOLD FOR $18,600,000

• 1,097 +/- FSA acres cropland most adjoining and all within 2 miles • 250,000 bu. good storage and grain center, and 2 newer large machinery storage barns • Extensive tiling (maps available) • Some of highest soil indexes in Indiana (maps available) • About 1-1/2 miles of frontage on SR 227 • 1-1/2 miles adjoining active CXS Railroad (Siding not owned) • Top yield history (Data Available) • Longtime owner operated • Soil fertility maps available • Tax Exchange Potential
• ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES
Friday, July 8 from 9-11am
Friday, July 15 from 9-11am
Friday, August 5 from 9-11am
Meet an agent at Tract 2, 8 or 12

PROPERTY LOCATION
From Boston south on SR 227 with Farm A on both sides. Farm B is south 1 mile on Stone Rd. Farm C is west on CR 210 from Stone Rd. Watch for signs.

  • Richmond & I-70 Easy Access
  • Richmond Airport 1 Mile
  • 2 Fertilizer Terminals Nearby
  • 30 Minutes to Dayton & Oxford, OH
  • 45 Minutes to Cincinnati, OH


    AUCTION LOCATION
    Wayne County Fairgrounds (Kuhlman Center)
    861 Salisbury Rd, Richmond, IN 47374 at I-70 Exit 149

    PROPERTY DESCRIPTION
    FARM A: 661+/- acres (Tracts 1 - 8) Tracts 1, 2, 3 & 5 are 360+/- acres in one impressive contiguous field.
    (Wayne Co., Boston Twp. Sec. 2 & 3) & (Union Co., Harrison Twp. Sec. 10)
    Physical Address: 6802 S. SR 227, Richmond, IN 47374


    FARM B: 216+/- acres (Tracts 9 - 10)
    (Union County, Harrison Twp. Sec. 27) Physical Address: near 2860 Stone Rd., Liberty, IN 47356


    FARM C: 235+/- acres (Tracts 11 - 13)
    (Union County, Harrison Twp. Sec. 33) Physical Address: 2920 E CR 200 N, Liberty, IN 47353

    TRACT DESCRIPTIONS
    Tract 1: 116± ac nearly all tillable. Investment quality soils featuring improved tile and an impressive Fincastle and Treaty mix with an overall corn index of 171. The tract has quality frontage and access along IN SR 227 and is adjacent to the railroad (Wayne County), adjoins rail siding and town of Boston.
    Tract 2: 104± ac with 98+/- tillable acres. The tract features a 60ft x 98ft newer Morton machinery barn, well and electric at building site. The Fincastle and Treaty soil mix boost an impressive 172.3 soil corn index. West boundary is active railroad & IN SR 227 frontage make for easy access. The tract features a 5.5+/- acre woods in the southwest corner along the railroad. (Wayne County)
    Tract 3: 56.5± ac nearly all tillable. Fincastle, Treaty & Xenia soil mix with a 169.9 corn soil index. Consider combining with Tracts 1 and 2 for 262+/- acres of contiguous high quality tillable land. (Wayne County)
    Tract 4: 154± ac nearly all tillable with frontage along IN SR 227 and Union County Line Road. This tract is systematically drained and has excellent Fincastle and Treaty soils. Investment quality with some of the highest indexing soils (174.1) you will find! (Wayne County) South boundary is Union County line.
    Tract 5: 91.5± ac nearly all tillable. Consider combining with adjoining tracts for large contiguous acres. Quality soils and good drainage. (Union County)
    Tract 6: 97± ac with 85+/- tillable acres. The tract has quality soils with sloping topography to creek for drainage outlet. Frontage along Indiana SR 227 and pretty place for farmstead overlooking stream.
    Tract 7: 35± ac with a mix of income producing tillable land and woods for hunting and recreation. This tract features good wildlife pressure, an elevation change with a natural slope and watershed for adjacent land. Good potential estate secluded building site. Examine all the possibilities this tract has to offer.
    Tract 8: 15± ac with a single story 1,223 sq. ft. rental house, a 36ftx 54ft barn with a 33ft x 54ft lean-to, a 1+/- acre pond with 11+/- acres of tillable land. Very nice location with easy access to Richmond and Liberty, IN or Eaton, OH. Physical Address: 7092 IN SR 227 South, Richmond, IN 47374
    Tract 9: 137± ac nearly all tillable. The tract features pattern drainage and quality soils with a Fincastle and Cyclone mix. This rectangular field allows for ease of farming operation and is bordered by Stone Rd. and the railroad to the west. Also adjoining fertilizer plant.
    Tract 10: 79± ac nearly all tillable. This tract has well and electric with two older barns along the road (house excepted). Its Fincastle & Cyclone soil mix boasts an impressive 164.4+/- soil index rating. Consider combining with Tract 9 for great 213+/- FSA tillable acres with excellent tile.
    Tract 11: 80.5± ac with 78+/- tillable acres featuring a pattern drained quality mix of Cyclone, Fincastle, Russell and Xenia soils. Frontage on E CR 200 N.
    Tract 12: 77± ac featuring 74+/- tillable acres with about 220,000 bu. of grain storage, 3-phase power, a newer 60ft x 100ft Morton machinery shed and former farmstead site. The tillable land is pattern drained and the grain system includes: - 60ft leg with 8 spout distributor - Super-B dryer Model SD375VQ, 3 - Phase - DMC Transfer 700 air system with 4in piping and 7 head distributor - 60,000 bushel GSI bin with upright 8in unload, centrifugal fan & wrap around stairs - (2) 50,000 bushel bins w/ 10in upright unload augers and centrifugal fans - Buhler 5,000 bushel and 1,000 bu. wet holding tanks - (2) 20,000 bu. bin & 12,000 bu. bin and 8,000 bu. bin with 6in unload augers
    Tract 13: 78± ac (Swing Tract) - Nearly all tillable with systematic drainage. Quality Fincastle, Xenia, & Cyclone soils boosting a 151.9 soil index rating. Must be purchased in combination with Tracts 11, 12 or by an adjoining land owner.


    • TRACT MAP(S)

    • Tracts 1-8
    • Tracts 9-10
    • Tracts 11-13


    AREA MAP(S)



    PROCEDURE: The property will be offered in 13 individual tracts, any combination of tracts and as a total 1,112+/- acre unit subject to swing tract limitations (Tract 13). There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

    DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

    ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

    EVIDENCE OF TITLE: Seller will provide preliminary title evidence for the review of prospective buyers. At closing, Seller will pay for the cost of issuing a standard coverage owners title insurance policy.

    DEED: The property will be conveyed by Warranty Deed (subject to Permitted Exceptions), to be furnished by Seller.

    CLOSING: The targeted closing period will be on or before October 28, 2022.

    POSSESSION: Possession at closing subject to: (a) Sellers right to remove 2022 bean crop; (b) Sellers right to retain possession of barn on Tract 2 and grain center and barn on Tract 12 until January 15, 2023 ; and (c) month to month lease w/r/t house/barn on Tract 8 at $500/month, to be assigned at closing. Buyer may have access to cropland before closing with additional 10% down payment (subject to removal of 2022 bean crop).

    REAL ESTATE TAXES: Seller to pay 2022 taxes payable 2023, to be credited to Buyer at closing based on the last-billed amounts. Buyer will then pay all real estate taxes due after closing.

    PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

    ACREAGE; TRACT MAPS: Advertised tract acreages and depictions of tract boundaries are approximate and have been estimated based on county tax parcel maps and data and digital mapping tools.

    SURVEY: The Seller will obtain a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey and the type of survey obtained shall be determined solely by the Seller. Seller and Buyer shall each pay half (50:50) of the cost of the survey.

    AGENCY: Schrader Real Estate & Auction Company, Inc. and its agents represent only the Seller.

    DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

    ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.