TWO (2) FARMS FOR SALE

FSA Information:  The 80 acre farm contains 79.9 acres of cropland.  Part of this cropland was in CRP but has been taken out for 2009 crop year.  The farm has a 27.6 acre corn base with a 74bu dryland yield.  There is a 26.4 acre soybean base with a 30bu dryland yield.  The FSA payment each year is $783.00.

The 40 acre farm contains 39.1 cropland acres.  There is a 19.7 acre corn base with a 74bu dryland yield.  There is a 19.4 acre soybean base with a 27bu dryland yield.  The FSA payment each year is $542.00.

There are no wetland acres on either farm.

possession and closing:  Buyer will get possession of the property as of the date of closing.  The closing to be on or around December 27, 2008.

Sale TERMS:  10% to be paid down with the purchase agreement and the balance to be paid at closing in the form of certified funds.  NOTE:  Each farm may sell to separate buyers, however, if only one farm sells, then the other will not sell.  In other words, we must have an accepted purchase agreement for both tracts of land in order for farms to sell.

Brokers Comments:  Both farms lie in a high productive area.  The lay of the land is mostly flat to very gently rolling.  The 80 acre farm had CRP contracts on it but have been removed for crop year 2009.  Both farms appear to be highly productive with very good soil types.  Here is an opportunity to add to your current operation due to the smaller tracts of land. 

AGENCY DISCLOSURE:  Korth Realty and Auction and their agents represent the sellers in this transaction. 

DISCLOSURE:  All property information provided was obtained from sources deemed reliable, but the broker makes no guarantees as to its accuracy.  All prospective buyers are urged to fully inspect the property, its condition, and to rely on their own conclusions. 

OWNER:  Merlin Lee