160 ACRES ± • 1 TRACT
Wednesday, November 27, 2019 at 10:00 A.M.
Sale to be held at the Bushnell Rec Center, 300 Miller Street, Bushnell, IL 61422
The Welch farm is located approx. 3 miles north of Smithfield, IL and is further described as being located in Section 6, T6N – R2E, Harris Township, Fulton County, IL.
The farm represents a combination of Class A tillable cropland & timber w/ Spoon River meandering through the property!
- FSA figures indicate 108.23 acres of cropland
- PI Rating: 135.7 (Class A)
- Soil types include Tyce, Lawson, Beaucoup, Huntsville & Sawmill
- The balance of the farm represents timber along Spoon River which meanders through the farm
- There are 22.59 acres of expired CRP along Spoon River that were enrolled in a 35 year CREP easement. This easement runs through 2049. Contact auction manager for details.
- Access is along the north side by E Buckeye Church Rd & along the east side by N White Ferry Rd
METHOD & TERMS
The Welch farm will be sold on a price per acre basis, based on 160 taxable acres. The farm will not be surveyed.
Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing in approximately 30 days. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 & subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing, subject only to the current tenant’s farm lease. The farm sells free & clear for the 2020 crop year.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Robert & Susan Welch Trust
Farmer & Merchants State Bank of Bushnell
Vice President Assistant Trust Officer
484 E. Main Street
Bushnell, IL 61422
Stephen E. Holland • Holland & Holland
397 W Main St • PO Box 298 • Bushnell, IL 61422
Bushnell, IL 61422 • (309) 772-3178
Auction Managers: Kyle Ferguson (309) 255-8353 and Dan Sullivan (319) 795-1833