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White Farm Trust Auction

Location: 2000 E & 600 N, Raritan, IL

10:00 AM Friday January 25th, 2019
Personal Property
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This listing posted Dec.24; for updates or more photos and info, CLICK HERE

153.41 Acres± – 1 Tract

Auction to be held at the St. Patrick Community Center located near Raritan, IL.

 

Location & General Information

The White Farm is located approx. 3 miles north of Terre Haute in Section 5, T8N – R5W, Terre Haute Township, Hancock County, IL.  The farm represents productive, tillable farmland and is also improved with a few grain bins & a machine shed.

Tract Information

  • FSA figures indicate 131.7 acres of NHEL cropland currently in row crop production
  • There are an additional 8.3 acres of cropland currently enrolled in two different CRP Contracts — 1) 5.4 acres enrolled at a payment rate of $228.76 per acre for an annual payment of $1,235.00. 2) 2.9 acres enrolled at a payment rate of $221.34 per acre for an annual payment of $642.00.  Both CRP contracts total an annual payment of $1,877.00.
  • PI Rating: 120.9
  • Productive soil types include Seaton & Joy
  • This tract is im­proved with a grain bin & machine shed located in the northeast corner.
  • Access is along the east side by 1045 E & along the north side by 575 N

Method & Terms
The White farm will be sold on a price per acre basis, based on 153.41 taxable acres.  There will not be a survey conducted.  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 26, 2018. 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.

 

 

White Farm Trust

Debra L. Hale – Trustee


Auction Manager: Michael Sullivan (309) 333-0916

Representing Attorney: Michael L. Neff, Fort & Neff, 108 S. Broadway St., Stronghurst, IL 61480, PH (309) 924-1211

 

 

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”.

White Farm Trust Auction



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