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Peoples Company is pleased to offer 56.7 acres m/l located just southwest of Moberly, MO, roughly a quarter mile off of paved State Hwy BB. Mark your calendars for Friday, March 17, 2023 at 1:00 pm. We hope to see you at The Bierman Event Center, 214 North 4th, Moberly, MO as we bring this tract to public auction. This tract offers rolling cropland acres with wooded draws, providing both income-producing and recreational potential. The farm has roughly 43 acre m/l of tillable land that has been fallow for the past three years. Prior to 2019 the land operated in a corn/soybean rotation. The farm offers a NCCPI of 55.4 with primary soil types being Keswick silt loam and Calwoods silt loam. The farm is open for tenancy in the 2023 crop season. Upon entering the property, a level spot just off the road also allows for an executive building site before rolling to a ridge top and sloping off to the southwest corner. Heavy hardwood timber to the southwest and wooded draws produce prime opportunities for hunting, ATV or horseback riding.
There is a large H-tower power line that runs north/south through the eastern part of the property. The farm has access to water from Thomas Hill PWSD, with a 2” line on the west side of the road/east end of the property. Electric service is provided by Ameren Missouri. The property is located in Moberly School District.
Make plans to join us in Moberly, MO on March 17, 2023 at 1:00 pm. If you are not able to join us in person, please check out the Peoples Company app to take advantage of online bidding. Registration details are included below.
Long legal on file. Legal description to be taken from title paperwork.
From Moberly, MO travel south on South Morley Street/Business Highway 63 to Route A. Turn West onto Route BB. After 1.5 miles turn onto County Road 2455. Travel 0.25 miles and the property will be to your right or on the west hand side of the road.
Randolph County, Missouri Land Auction
54 Acres M/L
Friday, March 17, 2023 at 1:00 PM
The Bierman Event Center
214 North 4th
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
Farm Program Information: Farm Program Information is provided by the Randolph County Farm Service Agency (FSA) and Natural Resources Conservation Services (NRCS) offices. The figures stated in the marketing material are estimates of the Seller and Peoples Company; however, the Farm Program Information, base acres, crop acres, conservation plan, etc. are subject to change when the farms are reconstituted by the Randolph County FSA and NRCS offices. The farm has not been operated the past 3 years and is not enrolled in any FSA/NRCS programs
Financing: The sale of the property is not contingent upon Buyer obtaining financing. All financing arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement.
Contract & Title Commitment: Immediately upon conclusion of the auction, the winning bidder(s) will enter into a Real Estate Sale and Purchase Agreement and deposit the required earnest money payment. The Seller will provide the Buyer(s) with a current Title Commitment and, at closing, an Owner’s Policy in the amount equal to the purchase price of each respective tract(s). All regular title insurance premiums, title, or abstracting fees, and title company/closing agent fees or costs shall be paid by the Seller. Any ‘additional selections’ required by the Buyer(s) on the title insurance shall be the responsibility of the Buyer. Property will be transferred via Special Warranty Deed.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash, good check, or by wire transfer. All funds will be made payable to and held by the escrow agent, Town and Country Abstract.
Closing: Closing will occur on or about April 14, 2023. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date of closing.
Possession of the Land: Possession to be granted at closing. Seller may grant buyer early possession to the property, at Seller’s sole discretion. Prior to Seller granting early possession, the buyer will be required to execute and sign a valid lease agreement satisfactory to the Seller. The buyer will assume any and all liability and risk related to the buyer’s use of the property during the early possession period. In the event the buyer does not purchase the property, the Buyer will not be entitled to receive reimbursement for any expenses.
Lease: The farm is "open" for the 2023 cropping season.
Survey: No surveying or staking will be provided by the Seller.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there are no guarantees as to the ownership of the mineral interests on all tracts. Seller will convey one hundred (100%) of whatever mineral rights are owned by the Seller without warranty.
Disclaimer: All factual information stated about the property in the advertisement materials is presumed to be accurate according to the available information and knowledge of the Seller and Peoples Company. Tract acres, tillable acres, soil descriptions, etc. may vary slightly from the figures stated in the marketing material and will be subject to change. Bidder(s) and their tax, legal, and/or other advisors should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. The Real Estate Sale and Purchase Agreement, Title Commitment, and Draft Closing Documents have been made available to the general public throughout the marketing period. By bidding at the auction, bidders acknowledge these have been made available prior to the auction and all bidders had the opportunity to review these documents during their due diligence period.
Other: This sale is subject to all easements, covenants, leases, mineral reservations, and mineral conveyances of record or otherwise made known to bidders. All property is sold on an “As is - Where is” basis with no warranties or guarantees, expressed or implied, or arising by operation of law concerning the property made by the Seller, Peoples Company, or the Auctioneer, and are hereby expressly disclaimed. Any announcements made on the day of the auction by the Auctioneer or Listing Agent will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. The Sellers reserve the right to accept or reject any and all bids. All decisions of the Auctioneer are final.
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