53.424669012315206,-109.78968695217532
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For Sale by CLOSED TENDER 762 acres Grain Farmland (Fulton)

For Sale by CLOSED TENDER 762 acres Grain Farmland (Fulton)
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Enterprise: 
Grain
Rural Municipality:
RM 502 Britannia
Price (P):
Farmland:
0
Improvements:
Title Acres: (ISC)
762.5
Cultivated Acres:
567
Soil Final Rating:
62.8
$/Titled Acre:
0
P/AV Multiple:
0
Closest Town:
Hillmond
Listing Brokerage:
Hammond Realty
AG Listing ID:
MLS #:
N/A
Avg. AV/Qtr:
216483

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DESCRIPTION

This very attractive block of grain farmland is located approximately 27 kms northeast of Lloydminster (13 kms north on highway #17 and 14.2 kms east on SK-798). It presents a tremendous expansion opportunity for local producers in an area where grain farmland rarely becomes available for public sale.
 
Description of Property
The grain farmland is comprised of productive black to gray soil with a light loam to clay loam texture. It has been rented to a neighbor for many years and is in stellar condition. There are approximately 329 cultivated acres in total on the three parcels located on Section 28. The remaining 146 acres are comprised of wetland, bush, pasture, and an old yard site located in the southeast corner of #04 SW-28-51-26-W3.
 
Public Access
Due to the lay of the land and an undeveloped road allowance, there is limited access to the cultivated acres on #05 SE-28-51-26-W3 and #03 NW-28-51-26-W3. #04 SW-28-51-26-W3 may have to sell with one or both adjoining quarters. Logically, these parcels will sell as a block, however, they don’t have to. Just be aware that the Seller will not sell the #04 SW-28-51-26-W3 without ensuring there is access to the cultivated acres on the adjoining two quarters for their Buyers.
 
Farmland Details and Summary               
5 parcels
762 title acres (ISC)
 
SAMA Information         
762 total acres
567 cultivated acres
88 native pasture acres
107 wetland/bush acres
$1,031,000 total 2021 assessed value (AV)
$216,483 average assessment per 160 acres
62.8 soil final rating (weighted average)
* These figures are adjusted to reflect the pending 30-acre subdivision on #01 NW-22-51-26-W3 and estimate the resulting acres.
 
Surface Leases
There are three surface leases with Canadian Natural Resource Limited on the property. 
DD 14 NW-22-51-26-W3 is $3,900 Effective 4-Feb-2025.
DD 13 NW-22-51-26-W3 is $3,600 Effective 4-Jul-2024.
A8 SE-28-51-26-W3 is $3,350 Effective 28-May-2024.
Total annual amount is $10,850.00
 
Bin Yard on #01 NW-22-51-26-W3
There are approximately 6 steel grain bins located in an old bin yard. They are located north of the proposed subdivision with access from a grid road.
 
Other Terms
The purchaser of #02 NE-21-51-26-W3 agrees not to establish a yard site across from the home and yard located on #01 NW-22-51-26-W3 as long as Douglas Fulton is the owner.
 
Yard Subdivision
The sale of #01 NW-22-51-26-W3 is subject to a proposed 30-acre yard site subdivision. The residence, Quonset, garage, yard, and surrounding 30 acres located in the southwest corner of the parcel are EXCLUDED from the purchase.
The assessment advertised is for farmland only and is estimated based on 126.8 title acres.
If the proposed 30-acre subdivision is rejected but a smaller subdivision is approved, the Buyer agrees to purchase any excess acres beyond 126.8 acres at a rate of $1,000.00 per acre (One Thousand Dollars). The Buyer and Seller will adjust the final purchase price accordingly, based on the precise number of additional acres included in the new title.


Ducks Unlimited Canada (DUC) and #05 SE-28-51-26-W3
DUC wrote a letter to the Seller on September 24, 2024, stating that #05 SE-28-51-26-W3 may have the habitat they are working to conserve. Under their Conservation Easement program, DUC pays the owner approximately 40% of the value of the farmland in exchange for leaving pastures, hayland, and wetlands intact for wildlife and waterfowl. If the land is currently in crop production, you can protect just the wetlands and continue to cultivate and crop the rest of the land. As there are an estimated 50 pasture acres and 25 wetland/bush/other acres on this parcel, there is an opportunity to generate significant compensation for agreeing to leave those acres intact.
Buyers are encouraged to contact Pam Minish, Conservation Programs Specialist with DUC, at (306) 209-9760 to discuss further. The Seller is simply making the Buyer aware of this opportunity.
 
Terms and Conditions of the FULTON CLOSED TENDER are as follows:
1.      All offers must be received in writing by Hammond Realty (by fax, email, or in person) before the tender closing deadline at 12:00 pm Friday, November 8, 2024.
2.      All offers received are to be left open until 12:00 pm Tuesday, November 12, 2024. All offers received will be addressed and responded to (either accepted, rejected, or countered).
3.      Although the Seller’s Brokerage is required by law to immediately notify the Seller of all offers received on the property, the Seller irrevocably directs, instructs, and authorizes Hammond Realty NOT to inform or present the Seller with any offers received until after the date and time detailed in Term 1 above.
4.      The Buyer’s offer will be itemized by legal description and any conditions of the offer must be clearly stated.
5.      The highest, or any, offer will not necessarily be accepted.
6.      In addition to the top offer for any individual parcel, consideration will be given to offers that provide the highest aggregate price for any combination of parcels.
7.      Buyer must provide a deposit for 5.0% of the price being offered unless otherwise agreed.
8.      Preference will be given to UNCONDITIONAL offers.
9.      Seller will be responsible for the property taxes on the property until January 1, 2025.
10.  Any crop unharvested or stored on the land may be harvested and removed from the land according to The Agricultural Leaseholds Act.

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