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SESSION B - QUALITY TILLABLE LAND AUCTION - 2,315+/- ACRES OFFERED IN 28 TRACTS IN MARATHON & CLARK COUNTIES, WI (PART OF A 7,428+/- ACRES IN 6 WISCONSIN COUNTIES)
Thu, Aug 24, 1:00 PM
Marathon & Clark Counties, WI
Owner: FLF Forward LLC & FLF Rib Falls LLC
• SESSION B • 2,012.27 FSA Tillable Acres • Outstanding Maintenance History • 2024 Farming Rights • Farm Improvement Details Available • Economic & Stewardship Oriented • Tracts Ranging from 25-185+/- Acres • Several Tracts with Recreational Aspects
OPEN HOUSE/INSPECTION DATES
You are encouraged to come join us at one of our information days to gather farm information, as well as details on the auction day process & how to bid. Stop by during any of the timeframes listed below at the Wien Town Hall! 224130 County Hwy M, Edgar, WI 54426
Friday, July 21 from 3 -6pm
Saturday, July 22 from 9am-12pm
Monday, August 7 from 3 -6pm
Tuesday, August 8 from 9am-12pm
Monday, August 21 from 3 -6pm
Tuesday, August 22 from 9am-12pm
PROPERTY LOCATION
Marathon & Clark Counties, WI
TRACTS 1 & 2: From Spencer, head east on CR C for 1.8 miles. Turn left on CR F. Stay straight onto Bridgewater Ave. Farm is located at the corner of Bridgewater & Century Rd.
TRACT 3: From Spencer, head east on CR C for 1.8 miles. Turn left on CR F. Farm is 0.5 mile to the east.
TRACTS 4-7: From Spencer, head east on CR C for 1.8 miles. Turn left on CR F. Farm is 2.2 miles on both sides of road.
TRACTS 8 & 9: From the intersection of WI-29/WI-13 near Abbotsford, head south on WI-13 for 1.4 miles. Go west on CR N for 4.6 miles. Turn left on CR Q for 2 miles. Turn left on Cloverdale Rd. Farm is 0.5 mile to the south.
TRACT 10: From Abbotsford, head east on WI-29 towards Wausau. Head south on Hazelnut Rd where farm is located 0.7 mile to the west.
TRACT 11: From Abbotsford, head east on WI-29 towards Wausau. Head south on Pinenut Rd & farm is located 0.2 mile to the west.
TRACT 12: From Abbotsford, head east on WI-29 towards Wausau. Head north on CR E for 2.5 miles. Turn right on Randall Rd for 1.3 miles & farm will be located to the south.
TRACT 13: From Marathon City, head West on WI-29. Head North on CR S for 7.1 miles. Turn left onto CR A/S for 1 mile. Turn left onto 9th Ln/Grass Creek Ln & farm is located 0.1 mile to the west. .
TRACTS 14-17: From Marathon City, head west on WI-29. Head north on CR S for 7.1 miles.
Continue straight onto 7th/Einert Creek Ln for 1 mile. Turn left onto Lincoln Dr for 1 mile. Turn left onto 9th/Grass Creek Ln where farms are located 0.2 mile on the both sides of the road.
TRACT 18: From Marathon City, head West on WI-29. Turn north on CR S for 7.1 miles. Continue straight onto 7th/Einert Creek Ln for 1 mile. Turn left onto Lincoln Dr for 1 mile. Turn right onto 9th/Grass Creek Ln where farm is located 0.6 mile to the east.
TRACTS 19-23: From Marathon City, head West on WI-29. Turn north on CR S for 7.1 miles. Continue straight onto 7th/Einert Creek Ln for 1.0 miles. Turn right onto Lincoln Dr for 1 mile. Turn left onto 5th Ln/Deer Creek Ln where farm is located on both sides of the lane.
TRACT 24-27: From Marathon City, head west on WI-29. Turn north on CR S for 7.1 miles. Turn right onto CR A where farms are located 1.5 miles to the north side of road.
TRACT 28: From Marathon City, head north on WI-107 for 4.6 miles where the farm is located to the west.
AUCTION LOCATION
Holiday Inn Conference Center, Marshfield, WI
750 South Central Ave, Marshfield, WI 54449
PROPERTY DESCRIPTION
GENERAL DESCRIPTION: This Wisconsin Land portfolio is a unique & rare opportunity to acquire an expansive tillable farmland package. The portfolio, which took years to assemble, will be offered at public auction on August 23rd & August 24th via the multitract method where buyers can bid on individual tracts or any combination of tracts per session. The Barron, Dunn, Polk & Chippewa farms will be offered in Session A on August 23rd in 75 tracts, & the Marathon & Clark County farms will be offered in Session B on August 24th in 28 tracts. The farms contain an impressive maintenance history & have been well managed over the years. Do not miss this opportunity to bid your price on the farm(s) that best fit your needs in a once in a lifetime opportunity!
MAINTENANCE & FARM IMPROVEMENTS: The owners of the portfolio have taken diligent measures to select quality farmers for tenants in the area that shared similar land stewardship objectives. Several measures have been taken to improve the quality of the farms, such as installing drainage tiles on 1,193+/- acres, building new machine sheds, & installing irrigation pivots on 285 acres. In this region of Wisconsin, there is a good supply of rainwater & good soils that drain well. The owners have invested in these improvements to make the particular fields more productive because of specific conditions. The owners have conducted full field comprehensive soil testing on all farms at least once every three years.
PH levels have been maintained through regular lime application. The owners have been dedicated to maximizing the surface water flow & drainage through improving waterways in a cost-efficient manner.
ESG & CONSERVATION MEASUREMENTS: As previously mentioned, the portfolio has been managed & operated not only economically but with stewardship as a high priority. The farms have helped preserve local rich landscape features such as rivers, lakes & wetlands through proper management of surface waterflow. Grass buffer strips can be found throughout the portfolio as a means to generate higher yields through topsoil preservation & surface water drainage. Additionally, the majority of the tenants have operated the portfolio with no-till conservation practices.
TRACT DESCRIPTIONS
Tract 1: 105± ac Mix of Loyal Silt Loam & Withee Silt Loam soils
Tract 2: 135.5± ac Mix of Loyal Silt Loam & Withee Silt Loam soils
Tract 3: 76± ac Majority Withee Silt Loam soils
Tract 4: 73± ac Nearly 100% tillable
Tract 5: 112± ac Nearly 100% tillable
Tract 6: 185± ac Productive tillable farmland that also has a few acres of wetland. Investigate the waterfowl hunting possibilities!
Tract 7: 47.5± ac This property uniquely offers some lower wetland & brush that creates an attractive habitat for waterfowl & deer. With additional 13+/- tillable acres, an individual could have a great hunting piece that also generates income
Tract 8: 153± ac Predominantly Loyal Silt Loam soils
Tract 9: 159± ac Mix of Withee Silt Loam & Marshfield Silt Loam soils
Tract 10: 84± ac Majority Loyal Silt Loam soils
Tract 11: 68.5± ac Tremendous frontage along HWY 29, a well-traveled corridor
through this part of the state connecting the Twin Cities & the
Chippewa Valley with Wausau & Green Bay
Tract 12: 37.5± ac Majority Withee Silt Loam soils
Tract 13: 87± ac Predominantly Freeon Silt Loam soils
Tract 14: 42.5± ac Predominantly Freeon Silt Loam soils
Tract 15: 61± ac Predominantly Freeon Silt Loam soils
Tract 16: 66.5± ac The adjoining property to the east is under quality deer management system, creating a promising hunting property
Tract 17: 25± ac This farm also adjoins the property under quality deer management system. Be sure to check out the opportunities of setting a stand in this field
Tract 18: 49± ac Predominantly Freeon Silt Loam soils
Tract 19: 50± ac Good mix of tillable & recreational land
Tract 20: 105± ac The past improvements have recently been cleared, increasing the amount of potential production acres on the farm
Tract 21: 37.5± ac Predominantly Freeon Silt Loam soils
Tract 22: 95± ac Mixture of Freeon Silt Loam & Magnor Silt Loam soils
Tract 23: 57± ac Hunters! This is one of the few predominantly wooded offerings in the sale. Be sure to inspect this tract yourself for boundless recreational opportunities
Tract 24: 33± ac Nearly 100% tillable
Tract 25: 32± ac Another solid hunting property with a mix of trees & open grassland, creating solid shooting lanes
Tract 26: 117± ac Predominantly Freeon Silt Loam soils
Tract 27: 105± ac Predominantly Freeon Silt Loam soils
Tract 28: 116.5± ac The west end of the farm has recently been cleared & can be put into production if the new buyer desires. If the cleared land was put into production the farm would be nearly 100% tillable. The farm was recently used to grow Ginseng
BIDDING PROCEDURE: You may bid on any individual tract(s), or any set of two or more tracts (or all tracts) as a combined unit. Bidding on individual tracts & combinations will compete until the end of the auction. Final bids are subject to Seller's acceptance or rejection.
PURCHASE CONTRACT: Immediately after the close of bidding, each high bidder will sign a purchase contract in the form provided in the bidder packets. All information in this brochure & other marketing materials is subject to the terms & conditions of the purchase contract. Seller will not be bound by any statement, promise or inducement that is not contained or incorporated in the written purchase contract.
PAYMENT: 10% earnest money will be due on the day of auction, payable with a cashier's check or a personal or corporate check immediately negotiable. The balance of the purchase price will be due at closing. BIDS ARE NOT CONTINGENT ON FINANCING, so be sure you have arranged financing, if needed, & are able to pay cash at closing.
CLOSING: The targeted closing date will be approximately 45 days after the auction.
POSSESSION: Buyer will take possession of the cropland subject to existing farm leases until 12/31/2023. Buyer will take possession of the homes, buildings, grain bins, ventilation systems & dryers subject to the rights of current tenant(s) until 8/31/2024.
REAL ESTATE TAXES: Seller will pay the real estate taxes (or estimated taxes) for 2023 due in 2024 & all prior taxes. Buyer will pay all subsequent taxes.
DELIVERY OF TITLE: The property will be conveyed by Special Warranty Deed, subject to the Permitted Exceptions as defined in the purchase contract.
EVIDENCE OF TITLE: Seller will furnish Preliminary Title Evidence before the auction & a Final Title Commitment before closing. At closing, Seller will pay for the cost of issuing a standard coverage owner's title insurance policy to Buyer.
MINERALS: The sale includes Seller's interest in any minerals, but with no promise or warranty as to the existence or value of any minerals or the extent of Seller's interest therein.
SURVEY: A new survey will be obtained only if necessary to record the conveyance or if otherwise deemed appropriate in Seller's sole discretion. Any such survey will be sufficient for recording the conveyance, but the type of survey will otherwise be determined solely by Seller. The cost of any such survey will be shared equally by Seller & Buyer. Any survey of adjacent tracts purchased in combination will not show interior tract boundaries. Unless otherwise provided, the purchase price will be adjusted at closing to reflect any difference between advertised & surveyed acres.
TRACT MAPS; ACRES: Advertised tract maps & acres are approximations based on county parcel data, existing surveys, existing legal descriptions and/or provisional aerial mapping of potential new tracts.
PROPERTY INSPECTION: Scheduled inspection dates and/or information events will be staffed with auction personnel. Seller & Auction Company disclaim any responsibility for the safety of prospective bidders & other persons during any on-site inspection. No person shall be deemed an invitee solely by virtue of the property begin offered for sale. THIS PROPERTY IS OFFERED "AS IS", WITHOUT ANY WARRANTY OF ANY KIND AS TO ITS CHARACTER OR CONDITION OR ITS SUITABILITY FOR ANY PARTICULAR USE OR PURPOSE. Prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries & due diligence prior to bidding. The information contained in the marketing materials is provided subject to a bidder's independent verification & without warranty. Seller & Auction Company assume no liability for any inaccuracies, errors or omissions.
AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are agents of the Seller only.
CONDUCT OF AUCTION: T he conduct of the auction & increments of bidding will be at the direction & discretion of the auctioneer. All decisions of the auctioneer at the auction are final. Seller & its agents reserve the right to preclude any person from bidding if there is any question as to the person's identity, credentials, fitness, etc.
CHANGES: Please arrive prior to the scheduled auction time to review any changes or additions to the property information.
OFFICIAL AUCTION DAY ANNOUNCEMENTS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS & ANY OTHER PRIOR STATEMENTS.
RD SCHRADER, CAI
(800) 451-2709
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