Terms and Conditions of the TENDER:
1.   All offers must be received in writing by Hammond Realty before the tender closing deadline of 1:00 pm on March 27, 2024.
2.   All offers received are to be left open until 1:00 pm April 2, 2024. All offers received will be addressed and responded to (i.e. accepted, rejected, or countered).
3.   All offers shall include a Seller’s condition that the offer is subject to the consent of all beneficiaries of the Estate of Brian Wayne Shuttle being obtained within 14 calendar days of offer acceptance.
4.   Buyer’s offer will be itemized by legal description.
5.   Preference will be given to UNCONDITIONAL offers with prearranged financing.
6.   The highest, or any, offer will not necessarily be accepted.
7.   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.
8.   Buyer must provide a deposit cheque for 5.0% of the price being offered unless otherwise agreed. The deposit cheque will only be cashed if the offer is accepted.
9.   Seller will be responsible for the property taxes on the property to 11:59 pm December 31, 2023.
10. Any crop unharvested or stored on the land may be harvested and removed from the land according to The Agricultural Leaseholds Act.
 
Location
This very attractive package of grain farmland quarters is located east and north of Plenty, SK. It presents a tremendous expansion opportunity for local producers in an area where farmland is rarely advertised for sale publicly.
 
Farmland Description
The SE-05 and SW-09 grain farmland parcels possess a top-quality class 2 dark brown soil (Regina to Sutherland associations) with a heavy clay to clay texture. Crop insurance class is “D”. The farmland is predominately cultivated and considered to be in excellent condition. The acres out of production are a water run that flows from north to south. There is an old yard located in the SE corner of SE-05. Buildings are of no consequence or value.
 
Located further north, the NE-20 possesses a productive class 3 dark brown soil (Elstow) with a clay loam to loam texture. There is an old yard located midway up the east side. Buildings are of no consequence or value.
 
Farmland & Price Summary       
3 parcels
481.92 ISC title acres
           
SAMA Information            
482 total acres
451 cultivated acres
31 wetland/bush acres
$795,700 total 2021 assessed value (AV)
$264,133 average assessment per 160 acres
65.7 soil final rating (weighted average)
           
$1,750,000 Farmland Price
$3,631 per title acre (ISC)
$3,880 per cultivated acre (SAMA)
2.20 times the 2021 assessed value (P/AV multiple)