KY 138, Rumsey, KY 42371 - McLean County

McLean County Cropland

Auction

WEDNESDAY, MARCH 25TH, 10:00 A.M.

Auction Site: The auction will be held on Tract #1- 3.2 miles west of Rumsey, Kentucky on Kentucky Highway 138. Watch for signs.

Tract #1 is the Home Place and contains 92.43 acres. It is located 3.2 miles west of Rumsey, Kentucky on KY 138. The lay of the land is flat with the predominant soil types being Newark silt loam and Weinbach silt loam. It has 72.3 acres of cropland with the balance being in riverbank and improvements. It has a 3525 ft. of frontage on KY 138 and 3665 ft. on the Green River. There is a 15-year riparian lease on 1500 ft. of this tract with a payment of $3375 on March 24, 2016 and incremental increases thereafter. It is improved with a 30 x 45 metal shed, a 36 x 54 barn, small grain bin, 12 x 24 frame garage and the old farmhouse.

Tract #2 contains 68.71 acres and is located 3.2 miles west of Rumsey, Kentucky on KY 138. The lay of the land is flat with the predominant soil types being Melvin silt loam and Newark silt loam. The McLean County FSA calls for 69.02 acres of cropland. It has 2456 ft. of frontage on KY 138 and 1250 ft. on Henson-Martin Road.

Tract #3 contains 89.6 acres and is located on a dirt road .3 mile north of KY 138 just west of the Home Place. The lay of the land is flat with the predominant soil types being Weinbach silt loam and Otwell silt loam. It has 84.92 acres of cropland with the balance being in woods and riverbank. It has 1589 ft. of frontage on the Green River.

Tract #4 contains 97.5 acres and is located at the end of Shutt Lane which is .8 mile west of the Home Place (Tract #1). The lay of the land is flat with the predominant soil types being Karnak silty clay, Melvin silt loam and Weinbach silt loam. The McLean County FSA calls for 91.53 acres of cropland with the balance being in woods and riverbank. It has 886 ft. of frontage on Shutt Lane and 739 ft. of frontage on the Green River.

Information and Terms:

A new survey has been completed so acreages and distances should be accurate.

The auction will be conducted at the home on Tract #1.

There are no minerals involved in this sale.

The terms of the sale are 10% down on sale day and the balance on or before April 24, 2015.

The farm is not rented for the 2015 crop year.

Farming rights will be granted on sale day.

2015 taxes are the responsibility of the buyer.

Kurtz Auction & Realty Co. and its representatives are agents of the sellers.

Inspection feel free to walk or drive around on these farms at your own risk. It is the responsibility of potential buyers to use due diligence to learn about the property.

For more details and to see the survey, call Jim Goetz, Auctioneer or for more information.

Owners: Oswald Buster Austin Estate and Ina Austin

Wm. Quisenberry, Jr. POA and Estate Attorney

Kurtz Auction & Realty Company 1-800-264-1204 1-270-926-8553