Tract 2: Acres: 40 + or – Acres, 25.89 Acres CRP CP42 with an annual payment of $4,193.00 • $161.96 an acre expires 9/30/27, 103 PI, Located in Sec 26, Wheatland Township, Fayette County IL (If new owner removes land from CRP before the contract expire they will be responsible for Paying Back the past payments to the USDA.
40 Acres
Tract 2: Acres: 40 + or – Acres, 25.89 Acres CRP CP42 with an annual payment of $4,193.00 • $161.96 an acre expires 9/30/27, 103 PI, Located in Sec 26, Wheatland Township, Fayette County IL (If new owner removes land from CRP before the contract expire they will be responsible for Paying Back the past payments to the USDA.
Online-Only Land Auction
Fayette County Illinois
Starts to Close on Monday December 22nd @ 1:00 PM (Online Timed Auction)
Seller: Ruth A. Smithson
Auction Terms & Conditions
Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.
Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total surveyed acres for each tract. Purchase agreements will reflect the total tract price (not per-acre price).
Bidding Increments: $25.00 per acre.
Extended Bidding: Any bid placed on Tracts 1-2 within the final 2 minutes will extend bidding on both Tracts 1 and 2 by 2 minutes.
Down Payment & Closing: 10% of the total purchase price is due on auction day or the day after. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company.
Purchase Agreement: Successful bidders must sign purchase agreements Monday Dec 22nd or Tuesday Dec. 23rd.
Crops & Possession: New owners gain possession at closing if harvest is complete, or upon completion of harvest if crops remain in the field.
Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.
Announcements: Auction day announcements take precedence over printed materials.
Liability: Schmid Auction is not responsible for accidents.
Your Opportunity to Own Prime Illinois Farmland and CRP.
ZERO BUYER PREMIUM! STARTS TO CLOSE @ 5PM!
Tract 1: Acres: 21.89 + or – Acres, 18.09 + or – Tillable Acres and 3.8 wooded acres, 97.8 PI, Located in Sec 26, Wheatland Township, Fayette County IL. Farming rights at closing.
Tract 2: Acres: 40 + or – Acres, 25.89 Acres CRP CP42 with an annual payment of $4,193.00 • $161.96 an acre expires 9/30/27, 103 PI, Located in Sec 26, Wheatland Township, Fayette County IL (If new owner removes land from CRP before the contract expire they will be responsible for Paying Back the past payments to the USDA.
Seller: Ruth A. Smithson
United States