KNOX & SCOTLAND COUNTY, MO LAND AUCTION – PENN

Knox & Scotland County, Missouri

Matt & Lisa Penn

Bill Fretwell (660) 341-7735

Jennifer Wood (217) 257-8812

1,029.6 Surveyed Acres • 6 Tracts

Tracts 1-4 are located approximately 2.3 miles north of the small village of Colony, MO or approximately 17.5 miles northeast of Edina, MO in sections 3,9,10 T63N R10W Colony Township, Knox County, MO.

From Colony, take Hwy K approximately 0.3 miles northwest, then turn north onto Hwy V for approximately 2.2 miles, then take the V spur to the east for approximately 0.7 miles, then turn east onto Fairmont St, property approximately ½ ahead on north & south sides of road.

From Edina, go north on Hwy 15 for approximately 3 miles, then go north on Hwy EE for approximately 1.8 miles, then go east on Hwy K for approximately 4.2 miles, then turn north on Hwy M for approximately 3.1 miles, then east onto Hwy V for approximately 4.2 miles, then continue east on Hwy V Spur for approximately 0.7 miles, then east onto Fairmont St for approximately ½ mi, farm ahead on north & south sides of road.

Tracts 5 & 6 are located approximately 8.7 miles south of Memphis, MO or approximately 8.5 miles northwest of Rutledge, MO in sections 6 & 7 T64N R11W Tobin Township, Scotland County, MO.

From Memphis, take Hwy 136 west approximately 1 mile, then turn south onto Hwy 15 for approximately 5.5 miles, then turn east onto CR 268 for approximately 1.2 miles then south onto CR 261 for approximately 0.7 miles, then east onto CR 254 for approximately 0.3 miles, farm ahead on north side of road.

Farm represents highly productive, investment-quality farmland, with nearly 100% tillable tracts. Rarely are this many contiguous acres of quality farmland offered for sale.

TRACT 1 - 453.4 Surveyed Acres

• FSA figures should indicate approximately 431.28 cropland acres
• Land represents well-maintained highly productive tillable cropland
• Tract includes 5 bins with over 100,000 bu of grain storage and a 45x90 machine shed
• Rural water & electric available
• Soil types: Chariton, Chequest, Fatima, Arbela, Wabash, Gifford, Leonard
• Access from the south by CR 92

TRACT 2 - 218.8 Surveyed Acres

• FSA figures should indicate approximately 206.29 cropland acres
• Land represents well-maintained highly productive tillable cropland
• Rural water & electric available
• Soil types: Chariton, Arbela, Fatima, Gifford
• Access from the south by CR 92

TRACT 3 - 81.2 Surveyed Acres

• FSA figures should indicate approximately 61.14 cropland acres
• Land represents highly productive tillable cropland with the balance in timber, wooded draws & pond
• Property offers exceptional whitetail deer & wild turkey hunting acreage
• Rural water & electric available
• Soil types: Armstrong, Leonard, Gara, Kilwinning, Leonard, Blackoar, Gifford
• Access from the north by CR 92

TRACT 4 - 117.2 Surveyed Acres

• FSA figures should indicate approximately 88.2 cropland acres
• Land represents highly productive tillable acreage with the balance in timber & wooded draws
• Property offers exceptional whitetail deer & wild turkey hunting acreage
• Rural water & electric available
• Soil types: Loenard, Gara, Armstrong, Arbela, Blackoar, Gifford, Chariton
• Access from the north by CR 92

TRACT 5 - 75.6 Surveyed Acres

• FSA figures should indicate approximately 54.32 cropland acres
• Tract includes productive tillable cropland with the balance in wooded draws and 2 ponds
• Property offers ideal whitetail deer & wild turkey hunting habitat
• Soil types: Gara, Colo, Lamoni, Gara, Armstrong, Adco
• Access from the south by CR 254

TRACT 6 - 83.4 Surveyed Acres

• FSA figures should indicate approximately 67.98 cropland acres with approximately 18.43 of those acres currently in CRP at a payment rate of $104/acre through September 30, 2030.
• Tract includes productive tillable cropland with the balance in wooded draws & pond and offers prime whitetail deer & wild turkey hunting habitat
• Soil types: Gara, Colo, Lamoni, Blackoar, Adco, Armstrong
• Access from the south by CR 254

Acreages in this advertisement are estimated. A survey will be completed prior to the sale and tracts 1-6 will be sold on a price per acre basis, based on the acreages obtained from the completed survey.

Tracts 1-4 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all of tracts 1-4 for their high bid. “Buyers Choice” auctioning will continue until tracts 1-4 have all been elected. Next, tracts 5-6 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) either or both of tracts 5-6 for their high bid. “Buyers Choice” auctioning will continue until both tracts 5-6 have all been elected. The tracts will not be offered in their entirety at the conclusion of the auction.

Bidding is NOT subject to financing, appraisal or inspection.

Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Knox County Abstract, which shall hold the money in escrow until closing.

The balance of the purchase price will be due at closing. Closing will take place on or before April 3, 2023 at Knox County Abstract. Farm will sell free & clear for the 2023 crop year.

The 2023 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between the buyer & seller.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

Matt & Lisa Penn

Representing Attorney:

David Rouner | Rouner Law Office LLC

400 N. Franklin Street | Kirksville, MO 63501

(660) 665-7515

Title Work:

Knox County Abstract

105 S. 1st Street | Edina, MO 63537

(660) 397-3259

Auction Managers:

Bill Fretwell (660) 341-7735

Jennifer Wood (217) 257-8812