PRICE REDUCED! The Loranda Group, Inc. is pleased to offer for sale the Rice Farm, 201.2 +/- 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 contains 198.9 +/- tillable acres. This total includes ~ 8.4 acres enrolled in the Conservation Program that can also be used for deer hunting, and approximately 5 acres devoted to soil preservation. The estimated corn base is 114.3 acres with a PLC yield of 163 bushels per acre, and the estimated soybean base is 74.3 acres with a PLC yield of 50 bushels per acre. The CRP contract expires on 09/30/19 and pays $104.23 per acre, with a prior tenant receiving 1/2 of this amount. The predominant soil types are Osco silt loam, Ipava silt loam, and Assumption silt loam and the soil productivity index (P.I.) is 137.6.
The asking price for the property is $2,092,480.00 or $10,400.00 per acre and the farm is not leased for the 2018 crop year. The real estate taxes to be paid in 2017 are approximately $6,933.30 ($34.46 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, along with the cost of any fall tillage work completed for the 2018 crop year, will be due the current tenant at closing if he does not lease the property in the future
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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NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.