NEW PRICE! The Loranda Group, Inc. is pleased to offer for sale the Rice Farm, 141.2 +/- acres located 2 miles west of Toulon, 25 miles northeast of Galesburg, or 30 miles northwest of Peoria, in Sections 26 and 27 of Goshen Township, Stark County, Illinois.
According to the local Farm Service Agency, the property has 130 acres in row crop production and ~ 9 acres enrolled in the Conservation Reserve Program that can also be used for deer hunting. The estimated corn base is 77 acres with a PLC yield of 163 bushels per acre, and the estimated soybean base is 51 acres with a PLC yield of 50 bushels per acre. The CRP contract expires on 09/30/19 and pays $104.23 per acre. The predominant soil types on the tilled acres are Osco silt loam, Ipava silt loam, and Assumption silt loam and the soil productivity index (P.I.) is 138.8.
The asking price for the property is $1,355,520 or $9,600.00 per acre and the lease is open for the 2019 crop year until March 1, 2019. The real estate taxes paid in 2018 were approximately $34.50 per acre and there are no improvements on this acreage. Finally, both lime and hog manure have recently been applied to the farm and a pro-rated reimbursement will be due the current tenant at closing.
Directions: From the west edge of Toulon, travel west on Highway 17 for approximately 0.75 miles to CR 450 East. Turn left/south and travel 1 mile to County Road 750 North (Trail 107). Turn right/west, travel 0.50 miles, and the farm will begin on your right. GPS: 41.084609, -89.909547
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