Excellent cropland in 90% production index. Proven yields. Total acres: 146.0. Tillable acres: 137.3.
Parcel is nearly square, very flat and easily farmed. Best suited for row crops such as soybeans and corn and small
grains such as wheat. Interstate highway borders one edge. Fifty miles south of Fargo. Twelve miles west
of Wahpeton.
Sale is for cash, not Contract for Deed. $475,000. Seller pays 2008 Real Estate Taxes and sale costs.
Possession will transfer after current crop is harvested, approximately mid October to mid November. Seller will retain
50% of mineral rights.
Call Atty RICHARD SMITH in Wahpeton, seller's representative:
701-642-2668.
Point of interest: This land was originally part of an historic bonanza farm owned by John
Quincy Adams, Chicago banker/entrepreneur/investor and a relative of the sixth president of the United States. ("Bonanza"
means "source of great profit or wealth." It can also mean "a very large amount." Bonanza farms were large farms
performing large-scale operations mostly growing wheat.) Around the year 1900 John Quincy Adams bought 14 square miles
(or 8,960 acres) of this Red River Valley farmland and built a homestead on it consisting of an elegant, spacious residence
with matching stables and coach house, plus a matching office building/bank along with bunkhouses, barns and
graneries. The office building was equipped with teller windows with bars and was where pay was dispensed
at the close of each week to the large crews of field workers. In the 1920's my father bought three sections
(or 1,920 acres) of this land, including the parcel described above, directly from Adams. The land purchase encompassed half
of the homestead area including the residence, coach house and stables, office building, a barn and a granery.
This homestead with its remaining historic buildings is one of the three remaining bonanza farms in the U.S. and is on the
National Register of Historic Places. It is located not far from the land described above. Owner
See additional photos below.
