Bidding Ends Thursday, March 6th at 10AM.
This 66.4-acre farm in Northeast Missouri is an excellent opportunity for both investment and recreational use. With 60.64 acres in income-producing land, this property offers substantial returns. A significant portion, 44.51 acres, is dedicated to row crop production, with a lease already in place for 2025 that pays a lump sum of $7,000 to the new owner. In addition, 16.13 acres are enrolled in the Conservation Reserve Program (CRP), generating $2,699 annually through 2032, providing steady income with minimal maintenance.
The farm has recently undergone improvements, including tile and terrace work, enhancing its agricultural value. For those seeking a building site, the property offers great access off State Highway A, with utilities available and the potential for privacy by situating a home on the back side of the farm. There are also strong opportunities for whitetail deer hunting, with the property free of any hunting leases for the 2025 season.
This farm, with 91% of its acres in income-producing use, stands as one of the best investment properties available today. Located just 17 miles south of Kahoka, 10 miles south of Wyaconda, and 2.5 hours from Chesterfield Valley, it offers a combination of agricultural productivity, income stability, and recreational appeal.
For more information call or text Justin Alderton (660) 341-0347 to schedule a tour today!
Property Highlights:
- 44.51 tillable acres on corn/soybean crop rotation
- 16.13 acres currently enrolled in a general CRP program
- Property has been surveyed and staked showing clear property lines
- Hwy frontage offers great access and visibility
- Utilities present along the Hwy offering ease of construction if looking to build
- Farm sells free and clear of hunting lease for the 2025 hunting season
- Northeast Missouri whitetail deer hunting opportunities (see trail camera pictures)
Auction Terms & Conditions
1. PROCEDURE: Bidding ends Thursday, March 6, 2025, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes.
2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid price to arrive at the contract sales price.
3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, March 7, 2025 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.
4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.
5. BIDDING: Once submitted, a bid cannot be retracted.
6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, April 10, 2025.
7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.
8. TITLE: Seller shall furnish the buyer(s) at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).
9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.
10. REAL ESTATE TAXES: The 2025 Real Estate taxes to be paid by the Buyer(s).
11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.
12. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral. This property is subject to prior sale.