Farmer City, IL 61842(DeWitt County)

Farmers & investors, the Cantrell Trust farms offer the best DeWitt County has to offer. Investment grade class A soils, excellent location with tremendous eye appeal. Dont miss this opportunity!

TRACT INFORMATION

Tract 1 77.81 surveyed acres

FSA records indicate approximately 76.5 NHEL cropland acres (split field)

Productivity Index (PI): 139.9 (Class A soils!)

Soil types include Sable, Ipava, Catlin, Harpster, and Hartsburg

Access along the west side from N2100E Rd (Leroy Rd) and along the east side from N2150E Rd

Tract 2 81.01 surveyed acres

FSA records indicate approximately 79.5 NHEL cropland acres (split field)

Productivity Index (PI): 141.2 (Class A soils!)

Soil types include Ipava, Sable, and Catlin

Additional income from 2 actively producing oil wells

Access along the west side from N2100E Rd (Leroy Rd) and along the east side from N2150E Rd

Tract 3 81.0 surveyed acres

FSA records indicate 80.74 NHEL cropland acres

Productivity Index (PI): 140.3 (Class A soils!)

Soil types include Ipava, Sable, Catlin, and Dana

Access along the west side from N2100E Rd (Leroy Rd) and along the east side from N2150E Rd

Tract 4 79.99 taxable acres

FSA records indicate 79.0 NHEL cropland acres

Productivity Index (PI): 141.2 (Class A soils!)

Soil types include Sable, Ipava, and Catlin

Access along the west side from 2450E Rd (Coyote Rd)

REAL ESTATE TAX INFORMATION

Tracts 1 & 2

PIN 04-34-100-003 - 156.81A - $8988.36

Tract 3

PIN 04-34-300-001 - 80.0A - $4584.86

Tract 4

PIN 10-07-200-006 - 79.99A - $4588.46

SOIL TEST RESULTS

Tract 1

PH - 6.3

P - 69#/A

K - 347#/A

Tract 2

PH - 6.2

P - 61#/A

K - 302#/A

Tract 3

PH - 6.2

P - 58#/A

K - 284#/A

Tract 4

PH - 6.0

P - 65#/A

K - 293#/A

YIELD HISTORY (CROP INSURANCE RECORDS)

Tracts 1-3 Combined

Year - Corn Beans

2020 - 233 74

2021 - 236 82

2022 - 255 82

2023 - 243 85

AVG - 242 BPA 80.7 BPA

Tract 4

Year - Corn Beans

2020 - 221 71

2021 - 223 93

2022 - 256 80

2023 - 252 90

AVG - 238 BPA 81 BPA

METHOD & TERMS

The Cantrell Trust farms will be sold on a price per acre basis, based on surveyed acres for Tracts 1-3 and based on taxable acres for Tract 4. All 4 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Friday, December 6, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2024 crop income and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Possession at closing subject to an existing lease for the 2024 crop year only. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Cantrell Trust

Representing Attorney:

Law Office of Todd E. Bugg

2205 E. Empire Street, Suite K, Bloomington, IL 61704 | (309) 386-1884

Auction Manager:

Kevin Haas (309) 264-7767