SOLD! TRACT 1 – $10,500.00 PER ACRE

SOLD! TRACT 2 – $10,500.00 PER ACRE

TOTAL – $1,671,075.00

159.15 SURVEYED ACRES • 2 TRACTS

Name: Piatt County, Illinois Land Auction
Start: 2019-01-16T20:00:00+00:00
End: 2019-01-17T05:55:00+00:00
Location: Woodlawn Country Club

Wednesday, January 16, 2019 at 2:00 P.M.

Sale to be held at the Woodlawn Country Club, 901 E. Richardson St., Farmer City, IL 61842

SURVEY COMPLETE!

Location & General Information

The Weidner farm is located approximately 2 miles south of Mansfield, IL and is further described as being located in Section 21, T20N – R6E, Blue Ridge Township, Piatt County, IL.

“Class A” investment quality, tillable farmland!

Tract Information

Tract 1 – 80.14 Surveyed Acres

FSA figures should indicate 79.42 acres of NHEL cropland currently in row crop production
PI Rating: 142 (Class A)
Productive soil types include Ipava, Sable & Catlin
Access is along the east side by N 1200 E Road
Small triangle piece northwest of RR tracks has access by way of a private RR crossing

Tract 2 – 79.01 Surveyed Acres

FSA figures should indicate 73.61 acres of NHEL cropland currently in row crop production
There are approximately 2.7 acres of additional cropland that are currently enrolled in CRP at a payment rate of $234.80 per acre for an estimated annual payment of $634.00 through 9/30/2020
PI Rating: 139.7 (Class A)
Productive soil types include Ipava, Sable & Catlin
Access is along the east side by N 1200 E Road

Method & Terms

The Weidner farm is currently being surveyed. Both tracts will be sold on a price per acre basis, based on said survey. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect, in any order, either or both tracts for their high bid. Bidding will continue until both tracts have been purchased.

Immediately following the auction, the successful buyer(s) 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 closing, on or before Tuesday, February 19, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes will be paid by the seller, with the 2019 and all subsequent years being paid by the new buyer. Possession will be given at closing subject to the current crop tenancy. The farms sells free & clear for the 2019 crop year. The new buyer will receive 100% of the 2019 and subsequent years’ CRP payments.

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”.