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Sullivan Auctioneers LLC 
Hamilton, IL — 217-847-2160

Contact: Jim Sullivan
email: [email protected]

#1-18 Hibling: Farms & Ranches - ag production -- Show
Clayton, IL  62324  (Adams County)

190.04 Acres to be Auctioned in 3 Tracts —

The Hilbing farm represents tillable cropland, CRP acres, as well as premier whitetail deer & other wildlife habitat located in close proximity to Siloam Springs State Park!



TRACT INFORMATION

Tract 1 – 32 Acres± (Subject to Survey)

FSA figures should indicate 16.4 acres of cropland currently enrolled in CP3A CRP. 16.4 acres are enrolled at a rate of $193.44 per acre for an annual payment of $3,172. Contract expires on 9-30-2028.
The balance of this tract is in timber offering outstanding whitetail deer & other wildlife habitat.
Ideally located along the Kellerville Blacktop, which would make excellent building sites.
Access is at the northeast corner by the Kellerville Blacktop & along the south by County Road 1153 N.


Tract 2 – 42 Acres± (Subject to Survey)

FSA figures should indicate 8.6 acres of cropland, of which 8.06 acres are currently in row crop production.
The remainder of the cropland, .70 acres, are enrolled in CP1 CRP at a payment rate of $135.55 per acre for an annual payment of $93.48. Contract expires on 9-30-2023.
PI Rating on tillable acres: 106.8
The balance represents excellent whitetail deer & other wildlife habitat consisting of White Oak timber & Walnut Fork Creek meandering through the property.
Ideally located along the Kellerville Blacktop, which would make excellent building sites.
Access is at the northwest corner by the Kellerville Blacktop.


Tract 3 – 116 Acres± (Subject to Survey)

FSA figures should indicate 75.53 acres of cropland, of which 69.73 acres are currently in row crop production.
The remaining 5.8 acres of cropland are enrolled in CP1 CRP – These 5.8 acres are split into two fields & have two different CRP contracts – 3.4 acres enrolled at a payment rate of $184.71 per acre for an annual payment of $628 (expires on 9-30-2025) & 2.4 acres enrolled at a payment rate of $133.55 per acre for an annual payment of $320.52 (expires on 9-30-2023) for a grand total annual CRP payment of $948.52.
PI Rating on tillable acres: 104.5
The balance of this tract represents excellent whitetail deer & other wildlife habitat consisting of timber, draws, a pond & Walnut Fork Creek meandering through the property.
Access is along the south side by County Road 1153 N.


METHOD AND TERMS

All 3 tracts are currently being surveyed, with the surveyed acres being used to constitute the final settlement price. Tracts 1-3 will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can elect (in any order) any or all tracts for their high bid. “Buyer’s Choice” of auctioning will continue until all tracts have been sold. The farm will NOT be offered in its entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Tuesday, February 13, 2018. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller. The 2018 real estate taxes & subsequent years will be paid by the buyer. The farm sells free & clear for the 2018 crop year. The new buyer(s) will receive 100% of the 2018 CRP income & subsequent years. There are no hunting leases associated with the property. Full possession will be given at the time of closing.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

Hilbing Farms – Sellers

Auction Manager: Michael Sullivan (309) 333-0916

Representing Attorney: James A. Rapp or Jeffrey L. Terry, Schmiedeskamp Robertson Neu & Mitchell LLP, 525 Jersey St., Quincy, IL 62301. Ph (217) 223-3030.


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Acres or Lot size: 190.04 m/l Incorporated:
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