Auction Information
120 Acres in Wayne City, IL
This acreage lays level to slightly rolling with a general south to north grade and has one-half mile county road frontage along its southern border. It contains approximately 109.59 acres tillable currently in row crop production. This acreage has a wheat base of 38.3 acres, corn base of 14.3 acres, and a soybean base of 80.7 acres. In addition there are 8.4 acres currently in CRP with total annual payments of $1,202.39. The CRP is in two contracts. One contract is for 5.4 acres which are paying $150.22/ac and expires September 30, 2021. The other contract is for 3 acres which are paying $130.40/ac and expires September 30, 2017. Soil types of this acreage are predominately Bluford and Wynoose with a small percentage being Belknap, Racoon, and Plumfield Silt Loams. This is a very attractive farm which would make an excellent investment. Considering both the tillable land and that in CRP...
This acreage lays level to slightly rolling with a general south to north grade and has one-half mile county road frontage along its southern border. It contains approximately 109.59 acres tillable currently in row crop production. This acreage has a wheat base of 38.3 acres, corn base of 14.3 acres, and a soybean base of 80.7 acres. In addition there are 8.4 acres currently in CRP with total annual payments of $1,202.39. The CRP is in two contracts. One contract is for 5.4 acres which are paying $150.22/ac and expires September 30, 2021. The other contract is for 3 acres which are paying $130.40/ac and expires September 30, 2017. Soil types of this acreage are predominately Bluford and Wynoose with a small percentage being Belknap, Racoon, and Plumfield Silt Loams. This is a very attractive farm which would make an excellent investment. Considering both the tillable land and that in CRP this property is over 98% income producing acreage.
TERMS ON REAL ESTATE: 15% of the purchase price placed down day of sale and the balance due at closing. Possession of farmland following the 2012 crop harvest. Sellers guarantee good and merchantable title. Sellers will pay the 2012 taxes due and payable in 2013 with the Buyer(s) to pay all subsequent taxes that come. Sellers retain their present share of gas, oil, coal or other minerals for 20 years and as long thereafter as production should exist. Sellers and Buyer(s) will enter into a Sales Contract day of sale. All announcements day of sale take precedence over any previously printed materials or advertisements. No Buyers Premium
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LOCATION OF AUCTION: Wayne City Community Building, located at 102 Mill Street in Wayne City, IL (just across the street from Southern IL Lumber Co.) Two blocks south of the intersection of Hwy 15, Hwy 242, and railroad tracks
LOCATION OF PROPERTY: From Highway 242 Go South of Wayne City on Hwy 242 approximately 5 miles to County Road 100N, then go West approximately 4 miles, property is on the North side of the road. From Highway 15 Go West of Wayne City on Hwy 15 approximately 2 miles to County Road 300E (Keenes intersection), then go South approximately 5 miles to County Road 100N, then go East approximately 1 miles, property is on the North side of the road
LEGAL DESCRIPTION: The Southwest Quarter of the Southwest Quarter and the East half of the Southwest Quarter in Section 11, T3S, R5E of the 3rd PM, Wayne Co., IL