SUMMARY
Peoples Company is proud to offer the opportunity to own 1,386.69 acres m/l nestled in the Tennessee Valley. This portfolio will be offered in three individual tracts via an Online Only Auction. Bidding is currently LIVE and will remain open until Tuesday, December 15th at 4:00 PM CST. The professionally managed land portfolio consists of approximately 817-row crop acres m/l with primary soils including Brandon Silt Loam, Sillerton Silt Loam, and Mountview Silt Loam.
The balance of the farm contains mature hardwoods and loblolly pines. The pines were primarily planted between 2013 and 2018 with the highest quality plantation establishment practices and genetics employed to optimize the long-term value. The hardwoods in this portfolio consist of White Oak, Yellow Poplar, Beech, and Sweetgum. The combination of row crops and timber create an ideal habitat for wildlife, including deer and turkeys. These farms are centrally located between Savannah and Lawrenceburg, Tennessee, and Florence, Alabama, along the Tennessee/Alabama state line.
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BIDDER INCENTIVE
A 10% opening bid incentive on each tract will be offered, where if the WINNING BIDDER(S) placed the OPENING BID, they will receive a 10% credit from the seller against the purchase price of that tract(s). Once the opening bid’s of each respective tract is met, the auction will be ABSOLUTE, selling to the highest bidder.
OPENING BID INCENTIVE EXAMPLE
Opening Bid Placed: $1,800 per Acre Winning Bid Amount: $2,500 per Acre Bid Incentive Earned: $180 per Acre (10%*$1,800) (Earned by placing the first bid on the tract and being the winning bidder of the tract at the conclusion of the auction.) Total Purchase Amount at Closing: $2,320 Per Acre ($2,500-$180) (The $180 per acre bid incentive earned by this winning bidder who placed the first initial bid will be given in the form of a credit at closing.)
*Based on published opening bid prices, the bid incentive will be Tract 1: $180 per Acre, Tract 2: $160 per Acre, and Tract 3: $190 per Acre.
**This is strictly an example for further understanding of the Bidder Incentive Available. Please contact the listing agent for more details.
Tract 1
334 acres m/l
Opening Bid Price:
$1,800 per Acre
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Tract 2
703 acres m/l
Opening Bid Price:
$1,600 per Acre
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Tract 3
335 acres m/l
Opening Bid Price:
$1,900 per Acre
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Tract 1
Tract 1 consists of 342.94 total acres m/l with approximately 154 acres m/l in row crop production. The row crop acres were converted from timberland with the first-row crop produced in 2018.
The balance of the property consists of mature hardwoods and loblolly pines that were planted in 2016. This tract is located south of Collinwood, Tennessee, along the north side of Piney Road.
Estimated Property Taxes: $3,006
Parcel Number: 018.00
County: Lawrence County
Tract 2
Tract 2 consists of 707.75 total acres m/l
with approximately 483 acres m/l in row crop production. The row crop acres were converted from timberland in multiple stages with the first-row crop produced in 2013 and 2014.
The balance of the property consists of mature hardwoods and loblolly pines that were planted in 2016.
This tract is located south of Collinwood, Tennessee, and can be accessed from Lauderdale County 178 on the south side of the property and Bevis School Road on the north side.
Estimated Property Taxes: $6,327
Parcel Number: 003.00
County: Lawrence County
Tract 3
Tract 3 consists of 335 total acres m/l with approximately 180 acres m/l in row crop production. The row crop acres were converted from timberland with the first-row crop produced in 2012.
The balance of the property consists of mature hardwoods and loblolly pines that were planted in 2014. This tract is located southeast of St. Joseph, Tennessee, along the south side of Stateline Road.
Estimated Property Taxes: $3,053
Parcel Number: 010.00
County: Wayne County
HOW TO BID
Just use our mobile bidding app powered by BidWrangler! You can access the app online, but it works even better when you download it to your phone. Once you have opened the app, select the Tennessee Valley Farmland Auction and click Register to Bid in the upper right corner to create your bidder account. Fill in your personal contact information and submit. Once approved by our agents, you will be ready to place a bid on the tract or tract(s) of your choice. (Listing #15207)
TIMBER
Tennessee is an international leader in the hardwood and pine industry with over 14 million acres of forestland in Tennessee covering nearly 52 percent of the state. The Tennessee Valley portfolio consists of a mix of hardwood species and loblolly pines with significant standing and future timber value. The land base has been managed professionally for decades, with the highest quality plantation establishment practices and genetics employed to optimize long-term value creation.
The loblolly pine is one of several pines native to the southeastern United States. This is a commercially important tree in the southeast used for furniture, pulpwood, plywood, composite boards, posts, poles, pilings, crates, boxes, and pallets. The loblolly is critical for the ecosystem as it provides food and shelter for wildlife, has water purification abilities, and plays a significant role in absorbing CO2 from our atmosphere by storing carbon in its wood. The Loblolly is also planted to stabilize eroded or damaged soils.
This portfolio includes a variety of hardwood species, including White Oak, Red Oak, Hickory, Yellow Poplar, Beech, and Sweetgum. Tennessee is a significant state for the hardwood industry, both for the quantity and quality of hardwood lumber produced, and is known for producing high-quality building components such as hardwood flooring, molding, trim, cabinets, and furniture. The timberland component of these tracts provides a meaningful economic opportunity for a buyer in addition to providing an important environmental and recreational component for this portfolio.
RECREATIONAL OPPORTUNITIES
Tennessee has become one of the best all-around hunting destinations in the Eastern U.S., making hunting leases in Tennessee very popular. From the Mississippi delta region to the Appalachian mountainous region, these diverse habitats provide a home to many different varieties of wildlife.
The mixture of timber and row crop acres in this portfolio provides thick cover, bedding areas, and abundant food sources for whitetail deer, turkeys, and rabbits which are prominent in the Tennessee Valley. The rolling hills, strategic knolls, and draws create endless possibilities for premiere hunting spots. With a state whitetail population of over one million, over the counter tags available, and a two-buck limit, there is plenty of opportunities to harvest your next trophy buck.
