0 W 1300 N , Elwood, IN 46036(Madison County)

To be sold at Auction - LIVE In-Person and Online on Thursday, March 12th @ Approx. 1 PM EST. An exceptional offering of Real Estate. A total of 80 +/- acres being offered in two tracts. This listing represents Tract 2 - 70 +/- Acres of mostly tillable farmland! Approximately 62 acres of tillable ground. The other 8+/- acres is made up of a sparsely wooded pasture space that has been used for cattle and hay over the years. As well as a an approximately 2 acre pond. The Ousley's have farmed this ground for the last 50+ years that they have owned it. Wayne said he has never lost a crop on this ground due to standing water. It drains extremely well with the Chalfant Ditch that runs through the entire property. The county just put in an all new outlet on the south end of the farm. There is 46 acres of wheat planted on Tract 2. The buyer of Tract 2 will have the right to harvest the wheat crop and split the gross value of the wheat sold 50/50 with the seller. The right to bale the leftover straw has been assigned. The buyer of Tract 2 will receive $2,000 after the straw has been baled from the seller. Once the wheat and straw have been removed the buyer will have full access to that part of the farm ground to do as they want. The buyer will have possession of the other tillable ground that has not been planted at closing.