Let's return to this another day. How about this for now:
In Danish, "gaard" most often means farm, courtyard, or estate, and "baad" means boat.
Since aa = å, another spelling of the name is Bådsgård, and additional alternate spellings are found as well. To date one American research group has identified at least two places in Denmark named Bådsgård in the 1700s. One is on Hanstholm (formerly an island, now connected to the mainland) in Hansted sogn, Hillerslev herred, Thisted amt. Political boundaries changed, and Hanstholm became part of Viborg amt. The other Baadsgaard is in Højslev sogn, Fjends herred, Viborg amt. More Baadsgaards may be found in Denmark and Scandinavia as research continues. It was commonplace for a Dane to use a place name following his/her patronymic name, and a person living at Baadsgaard might use that name as part of his/her personal name. As traditional naming practices evolved, "Baadsgaard" became attached to some families as a permanent family surname. The surname is still in use, though it is rare in the USA.
Merry Christmas!
Oh - now I see you wrote that you already edited the copy. Sorry I have to run and can't look - I will return though!
P.S. it's common knowledge that writing about a topic helps us clarify and refine what we know about it, and spurs us to learn more. The process of writing the Wiki was no doubt useful, and worthwhile, regardless whether that text got deleted or not. :D