Farmland Auctions - Brokerage - Appraisals

Farmland Auctions - Brokerage - Appraisals

125 Acres - Two Tracts - Farm or Hunt! - Champaign Co., IL

by Wallace Land Company


Mar 08, 2013 - 10:00 a.m. Central


Live Auction


Tract 1: Tillable Farmland $8000/Acre
Tract 2: Woods/Hunting & Rec. $4600/Acre

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Conducted By

Wallace Land Company

P.O. Box 10
Fisher, IL 61843


Auction Listing

James T. Shapland Farms – ±125.04 Acres

Brown Township / Champaign County, IL


AUCTION! Friday – March 8th – 10:00 a.m.

Farm Credit Services of Illinois – Mahomet, IL


Offered in 2 Tracts

Both Tracts - 2013 LEASE OPEN!


Tract 1

± 77.7 Acres Farmland – Section 15

Elliott & Ashkum Soils



Tract 2

±47.34 Acres Hunting & Rec. Land – Section 11

 Great local hunting/rec opportunity!
**Adjacent to Foosland Sportsmen’s Club**

River/Creek Through Property
Established Timber & Tree Plantings
Small Amount Tillable - CRP Income!

 See “Files” Section for: Soil / FSA / Aerial Maps

                                         Tax & FSA Information

                                                   Auction Terms & Conditions

                                     Real Estate Contract

March 8, 2013 – 10:00 a.m.

PROCEDURE: The farms will be offered as two individual tracts of ±77.7 acres (Tract 1) and ±47.34 acres (Tract 2). Bidding will be per acre.

DOWN PAYMENT: 10% down payment on the day of the auction. If the Buyer defaults on the purchase, the down payment will not be refunded. THIS AUCTION IS NOT CONTINGENT UPON FINANCING.

CLOSING: Closing will be in 30 days or less. Time is of the essence.


CRP CONTRACTS: The Buyer(s) agrees to assume existing CRP contracts. CRP payments for 2013 and subsequent years will go to the Buyer(s).

CRP Contracts Tract 1: #2087/expires 9/30/2016
CRP Contracts Tract 2: #95213/exp. 09/2013, #1274/exp. 09/2013, #2047/exp. 09/2020, #3095/exp. 09/2027

POSSESSION: Possession of the property will be given as of date of closing.

REAL ESTATE TAXES: Real estate taxes for 2012, payable in 2013, shall be the Seller’s expense and credit will be given to Buyer at closing. All subsequent real estate taxes will be the expense of the Buyer.

ACCEPTANCE OF BID PRICES: Successful bidders will sign a Contract for Sale of Real Estate immediately following the auction. The seller reserves the right to accept or reject any and all bids.

TITLE: Seller will furnish the successful bidders an Owner’s Policy of Title Insurance in the amount of purchase price and will provide an adequate deed, subject to standard exceptions, conveying the real estate to the buyers.

MINERAL RIGHTS: Sale of the property shall include any mineral rights owned by the Seller.

SURVEY: No survey will be provided by Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: THIS PROPERTY IS BEING SOLD ON AN “AS IS, WHERE IS” BASIS, and no warranty or representation, either express or implied, concerning the property is made by either the seller or the auction company. Each bidder is responsible for conducting his own independent inspections, investigations, and all due diligence concerning the property, improvements, and the auction. Information contained in the brochure is subject to verification by all parties relying on it. Diagrams and dimensions in the brochure are approximate. All information contained in the brochure and any related materials are subject to the terms and conditions of sale outlined in the Agreement for Sale of Real Estate. Auction conduct and bidding increments are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. The seller and the auction company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, fitness, intent, etc. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

AGENCY DISCLOSURE: In this auction, the auction company, staff, and auctioneer are seller’s agents and have a fiduciary duty only to the seller.
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PROPERTY DIRECTIONS: The property is located in Sections 11 & 15 of Brown Township, Champaign County, IL.

AUCTION LOCATION: The auction will be held at Farm Credit Services, Mahomet, IL. From 1-74, Exit Prairieview Rd, South on Prairieview, Turn east at stoplight on to HWY 150, Farm Credit is immediately on your left.