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MAJOR LAND AUCTION - 1,085+/- ACRES IN 24 TRACTS IN HENRY & WAYNE COUNTIES, INDIANA

Henry & Wayne County, Indiana

Owner: BOWMAN DAIRY FARMS, LLC - By Order of the United States Bankruptcy Court of Southern Indiana Wed, Mar 6, 2019

SOLD FOR $5,470,000

• Court - Ordered ABSOLUTE • 1,085+/- Acres in 24 Tracts • 9 Farms - All with a 5 Mile Radius • Tracts Ranging from 5+/- to 103+/- Acres • Investment Quality Land • 863+/- FSA Crop Acres • 2019 Crop and Timber Rights to Buyer • Multiple Houses w/Barns • Complete 400+ Free-Stall Dairy Set-up • Cattle Finishing CAFO site w/120k bushel of Storage • Wooded/Pasture/Recreational Acreage • These farms present a great opportunity for the farmer, investor, or livestock producer. Come examine all the possibilities these unique farms have to offer! • Only 50 Miles to Dayton, OH and 45 miles to Indianapolis, IN • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

Watch for information on the Bowman Farms Equipment Auction to be held on Thursday, February 28th!


INFORMATION BOOKLET


OPEN HOUSE/INSPECTION DATES


Thursday(s), Feb. 14th and 21st from 10am - 12 Noon
Meet at Farm D Located at 8784 IN SR 38, New Castle, IN

PROPERTY LOCATION

GENERAL PROPERTY LOCATION(S): From I-70 take Exit 131 (Wilbur Wright Road). Travel 4 miles north on Wilbur Wright Road to SR 38. Farms start on either side of intersection. All within a 5 mile radius. Near Hagerstown, Indiana.
FARM A: Section 22 of Liberty Township, Henry Co. - Located 7 miles east of New Castle on IN SR 38, just west of Wilber Wright Rd.
FARM B: Section 15 of Liberty Township, Henry Co. - Located just north of SR 38 on Wilber Wright Rd.
FARM C: Section 23 of Liberty Township, Henry Co. - Located 8 miles east of New Castle on IN SR 38, just east of Wilber Wright Rd.
FARM D: Section 13 & 17 of Liberty Twp. Henry Co. - Located at 8784 IN SR 38, New Castle, IN
FARM E: Section 28 of Jefferson Twp. Wayne Co. with frontage on Brick Church and Bear Creek Rd. (1.5 miles south of SR 38, 1 mile west of Hagerstown, IN)
FARM F: Section 4 of Dalton Township, Wayne Co. w/frontage on Franklin and Dalton Rds.
FARM G: Section 27 of Dalton Township, Wayne Co. located at 10857 Dalton Rd., Hagerstown, IN
FARM H: Section 1 & 5 of Liberty Township and Section 36 of Blue River Twp. Henry Co. w/frontage on CR 200N and 900 E.
FARM I: Section 24 of Blue River Township with frontage on Buck Creek Rd.

AUCTION LOCATION

KUHLMAN YOUTH CENTER located at the Wayne County Fairgrounds, 861 N. Salisbury Road, Richmond, IN 47374. From I-70, take exit 149A. At stoplight immediately south of interstate, turn right (Industries Rd.) and travel 1 mile to Salisbury Rd. Then left (south) 1 mile to the Fairgrounds.

TRACT DESCRIPTIONS

Tract 1: 73± ac
FARM A: 73+/- Acres located in Section 22 of Liberty Township, Henry Co. (Located 7 miles east of New Castle on IN SR 38, just west of Wilber Wright Rd.)
73+/- ACRES
with 70+/- tillable. This is an investment quality tract with extensive pattern drainage tile (new in 2015) and a good mix of Cyclone, Miami and Crosby soils. Ease of farming operation with frontage on SR 38 and a nice culvert entrance. 2.8+/- acres of woods included on this tract.

Tract 2: 4.5± ac
FARM B: 5.1+/- Acres located in Section 15 of Liberty Township, Henry Co. (Located just north of SR 38 on Wilber Wright Rd.)
5.1+/- ACRES
nearly all tillable. 72% Cyclone soils.

Tract 3: 58± ac
FARM C: 116+/- Acres located in Section 23 of Liberty Township, Henry Co. (Located 8 miles east of New Castle on IN SR 38, just east of Wilber Wright Rd.)
58+/- ACRES
with 51+/- tillable. Another investment quality piece. 6+/- acres of woods included on the far south edge of this tract.

Tract 4: 58± ac with 57+/- tillable. Cyclone, Miami and Celina soils. Combine w/Tract 2 for 108+/- contiguous acres with ease of operation.

Tract 5: 87.5± ac
FARM D: 90+/- Acres located in Section 13 & 17 of Liberty Twp. Henry Co. (Located at 8784 IN SR 38, New Castle, IN)
90+/- ACRES
with 2-story country home, barns, silo, slurry-store, complete dairy milking facility and earthen manure lagoon. This site is a registered CAFO with IDEM. Quality soils with 80+/- tillable acres featuring a mix of Cyclone, Crosby, and Miamian soils.

Tract 6: 71± ac
FARM E: 77+/- Acres located in Section 28 of Jefferson Twp. Wayne Co. with frontage on Brick Church and Bear Creek Rd. (1.5 miles south of SR 38, 1 mile west of Hagerstown, IN
71+/- ACRES
nearly all tillable w/frontage on Bear Creek and Brick Church Rds. Predominately Treaty, Crosby and Losantville soils, excellent fertility. Nice long rows for ease of operation. Also includes a leased service tower with monthly income.

Tract 7: 6± ac all productive cropland. With a 40 ft. owned lane and is a potential building tract.

Tract 8: 95± ac
FARM F: 301+/- Acres located in Section 4 of Dalton Township, Wayne Co. w/frontage on Franklin and Dalton Rds.
93+/- ACRES
with 87+/- tillable. Entrance off of Dalton Rd. This is quality land with a mix of Westland, Shoals, and Eldean soils.

Tract 9: 12± ac SWING TRACT with 8+/- tillable acres and the balance in creek and trees.

Tract 10: 48± ac with 37+/- tillable acres. Abundant frontage along Franklin Rd. This tract includes the trees and stream until it meets the corner of Tract 9. Mix of Shoals and Westland soils.

Tract 11: 22± ac nearly all tillable w/frontage on Franklin Rd.

Tract 12: 45± ac with a mix of pasture, woods and rolling hills. Great recreational tract or potential homesite. 40 ft. owned access along Franklin Rd.

Tract 13: 52± ac with 16+/- acres of tillable ground. Features mature woods and rolling hills. Excellent opportunity for hunting tract with areas suitable for food plots. Great recreational tract or potential homesite. 40 ft. owned access along Franklin Rd.

Tract 14: 34± ac with woods, grassland, and 5+/- acres of open tillable land. 40 ft. owned access along Franklin Rd. CONSIDER combining Tracts 12-14 for 133+/- acre hunting/recreational tract that is situated between (2) larger wooded areas!

Tract 15: 5± ac
FARM G: 5+/- Acres located in Section 27 of Dalton Township, Wayne Co. located at 10857 Dalton Rd., Hagerstown, IN
5+/- ACRES
site with a grain storage and feedlot set-up. This is a registered CAFO site that has been used to feed cattle. Excellent opportunity here!
Consists of:

  • (4) Silos including: (2) concrete stave silos and (2) Harvestores converted to dry grain storage.
  • 2012 GSI 24 ft.x 31 ft. Grain Bin & a 42 ft.x36 ft. Grain
  • Multiple open-sided cattle barns including: (1) 50 ft.x114 ft.x14, (2) 54 ft.x163 ft.x14 ft., (3) 36 ft.x226 ft.x8 ft., (4) 21 ft.x60 ft.x14 ft.
  • 120k bushel grain storage

    Tract 16: 62.5± ac
    FARM H: 390+/- Acres located in Section 1 & 5 of Liberty Township and Section 36 of Blue River Twp. Henry Co. w/frontage on CR 200N and 900 E
    61+/- ACRES
    all tillable less Rds. Consists of a nice mix of Cyclone, Crosby, & Miamian soils. Frontage on 2 Rds.

    Tract 17: 7.5± ac with a single family home and 2-story livestock barn. Approximately 5+/- acres of productive tillable ground included in this tract.

    Tract 18: 45± ac with 42+/- tillable acres. Abundant frontage along CR 200 N and CR 900 E.

    Tract 19: 5.5± ac including fenced pasture and old home-site. There is an existing septic system on this lot.

    Tract 20: 69.5± ac nearly all tillable with frontage on CR 200 N. Quality Cyclone and Crosby soils included here.

    Tract 21: 79.5± ac with 51+/- tillable acres and 25+/- acres enrolled in the Indiana Classified Forest Program. Frontage on (2) Rds.

    Tract 22: 17± ac with fenced pasture and tillable land. Older improvements including multiple livestock barns, metal sided machinery shed and (2) older houses. Established lane and well on this property.

    Tract 23: 103± ac with 94+/- tillable acres. Nice long rows for ease of operation. There is a mature woods consisting of approximately 8.52+/- acres at the back (northwest) corner of this tract.

    Tract 24: 29± ac
    FARM I: 29+/- Acres located in Section 24 of Blue River Township with frontage on Buck Creek Rd.
    29+/- ACRES
    all tillable less Rds. Consists of a nice mix of Cyclone, Crosby, & Losantville soils.

  • TRACT MAP(S)

    FARM A - TRACT 1

    FARM B - TRACT 2

    FARM C - TRACTS 3-4

    FARM D - TRACT 5

    FARM E - TRACTS 6-7

    FARM F - TRACTS 8-14

    FARM G - TRACT 15

    FARM H - TRACTS 16-23

    FARM I - TRACT 24

    SOIL INFORMATION


    FARM A - TRACT 1


    FARM B - TRACT 2


    FARM C - TRACTS 3-4


    FARM E - TRACTS 6-7


    FARM F - TRACTS 8-14


    FARM H - TRACTS 16-23


    FARM I - TRACT 24

    AREA MAP(S)

    PROCEDURES: The property will be offered in 24 individual tracts, any combination of tracts, or as a total 1,085+/- acre unit (Subject to Swing Tract Limitations). There will be open bidding on all tracts and combinations, during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

    DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

    ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All tracts will be sold to the highest bidder regardless of price pursuant to the order by the United States Bankruptcy Court.

    EVIDENCE OF TITLE: The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). At closing, the Seller will provide a Title insurance policy in the amount of the purchase price. All tracts sold As-Is.

    DEED: Seller(s) shall provide a Warranty Deed.

    CLOSING: The targeted closing date will be approximately 30 days after the auction, with the balance of the real estate purchase price due at closing.

    POSSESSION: Possession on all tracts will be delivered at closing. Buyer to receive 2019 CROP RIGHTS!

    REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2018 taxes due and payable in 2019 by giving the Buyer a credit at closing equal to the last assessed amount.

    ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

    PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

    SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.

    EASEMENTS & LEASES: Sale of the property is subject to any and all easements of record. NOTE: All farms located in Henry County are subject to a wind lease agreement. Ask auction manager for information.

    MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

    AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

    DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer are final.

    ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.