166 +/- ACRES

Richland County Land – Madison Township

Tuesday, May 3^rd at 6:00pm

Auction will be held at The Holiday in Olney, IL

Seller: Betty Blackford Heirs

Location:  From Olney, IL at the intersection of Rte 50 & Rte 130 go south on Rte 130 approx. 5 miles,

turn west onto Elbow Lane & go 2 ¼ miles – Tract 2 is on the north side of the road and Tract 3 on

the south side.  Then go ¾ mile & Tract 1 is on the north side of the road.  For Tract 4, from Elbow

Lane turn south onto Clear Creek Road & go ½ mile to subject property. Signs will be posted.

Offered in 4 Tracts

Tract 1 is 40 +/- Acres with approximately 30 +/- tillable & 109.0 PI

Tract 2 is 52 +/- Acres with approximately 51 +/- tillable & 106.6 PI

Tract 3 is 40 +/- Acres with approximately 40 +/- tillable & 105.6 PI

Tract 4 is 35 +/- Acres with approximately 35 +/- tillable & 105.6 PI

Farm Service Agency Information

                                                Wheat                              Corn                             Soybeans

Tract 1

Base Acres                     3.4                               14.80                                17.00

PLC Yield                         43                                104                                    29

Tract 2 & 3

Base Acres                     10.2                            43.50                                50.80

PLC Yield                         43                                104                                    29

Tract 4

Base Acres                     3.9                               16.90                                20.00

PLC Yield                         43                                104                                    29

 

Terms and Conditions – A 5% down payment will be required on the day of auction and the balance will be due at closing. All successful bidders will be required to enter into a purchase agreement at the auction site. Buyers will receive possession of property at closing and the farming rights in 2023.  The farm is currently under a cash rent agreement for 2022. The auction is offered with reserve and is subject to seller confirmation. Earnest money is non-refundable and will be forfeited if buyer fails to close and complete the contract. The buyer(s) will receive the sellers’ interest in the mineral rights.

 

Absence of Warranties & Disclaimer – All information contained in this brochure, and related marketing materials, are subject to the terms & conditions contained in the Purchase Contract & Addendums. The property is being sold “As Is” and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Auction Company. All acreages are approximate. Each bidder is responsible to perform their own due diligence concerning the property. Conducting the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons’ fitness or credentials. All decisions of the Auctioneer are final and any & all announcements made day of the auction take precedence over printed material or any other oral statements made.